Our HandiLoan can help smooth out those expensive moments that happen from time to time.
If you get Child Benefit, you could borrow up to £1,250 with easy repayments with our Handy Family Loan!
If it’s your first loan with LCU, or you only receive Child Benefit for one child, you can borrow up to £850. If you’re an existing LCU borrower and you receive Child Benefit for two or more children, you could borrow up to £1,250 - both without a credit check.
- High Approval Rate—As the repayments are linked to your child benefit, which you must pay into your Leeds Credit Union account, we are able to help more people than we do with our other loans.
- No Credit Check
- Loans based on affordability – we will always check that the loan is affordable for you before we lend.
- No set-up fees
- No early repayment penalties
- Can boost your credit rating when you keep your agreed repayment schedule.
- If your child benefit is more than your loan repayments, you can use what is left to grow your savings. Or, if you prefer, you can choose to have the money paid back into your own bank account.
Get a Family Loan up to £1,250
- To qualify for the larger loan you must already have had a Family Loan from LCU and receive Child Benefit for two or more children.
- The loan term for this will be 52 weeks.
- Just select Family Loan when you apply
When the application form asks you what type of loan, make sure you select ‘Family Loan’ or an automatic credit check may be carried out.
