Using child benefit for a Family Loan
July 20, 2025
How does it work?
With convenient repayments straight from your Child Benefit, keeping up with your repayments is easy – and could help you improve your credit record.
These loans come with a savings plan, to help you progress to our even cheaper loans in future, as well as building up a little nest egg. You also have the option to add a free savings account, or set-up free junior accounts for your children, if you wish to save the remainder of your Child Benefit.
You can apply for up to £750 on your first loan.
Am I eligible?
All loans will be assessed individually, but as a minimum you will need to:
- Be able to prove income of £500 or more per month (from salary, benefits or other income)
for the last 3 months. - Currently receive Child Benefit.
- Not have had a Debt Relief Order of Bankruptcy order in the last 2 years.
- Not be currently in an IVA.
- Have a poor to good credit score.
You can apply for a further loan (top-up) when:
- You have made at least 16 weeks of repayments since your last loan.