The run-up to Christmas is well and truly underway. Advent calendars are in full swing, letters to the North Pole are in the post and Santas Grotto is open for business. After Christmas being “cancelled” last year, there’s more of a buzz around this year being extra special… especially for the little ones.
Making Christmas magical doesn’t have to mean spending lots of money or buying the latest toys and games. There are plenty of options to keep the kids entertained over the festive period. Try to ease the pressure by reading this great article from the Money Saving Expert on sprinkling some free Christmas magic.
Thinking of borrowing?
If you’re considering borrowing this Christmas, you might want to consider your local credit union. Credit unions often have better rates than expensive credit cards or high-cost payday lenders. We offer a range of loans tailored specifically to our members.
Family Saver Loan
Our popular Family Saver Loan is a borrowing option specifically for families with children. You’re eligible to take out up to £600 and pay it back over the rest of the year. This flexible option is particularly popular at these more expensive times of the year.
Our Family Saver Loan is open to all families receiving Child Benefit (including those on a low income or unemployed). You’ll repay your loan at 42.6% APR (3% per month). When you’ve paid off one-third of the loan, you may be able to increase the amount up to £1,200.
Once your loan is fully repaid, you can continue to save your child benefit with your membership account. This is a great way to start the new year and make sure you always have spare funds there for emergencies or Christmas 2022!
Christmas Loan Deadline: December 10th
For the best chance of receiving your funds for Christmas Day, apply before December 10th.