You Don’t Need to Use All of your Child Benefit for Loan Repayment

As a member, you can apply for a loan using your child benefit as repayment. To do that, you need to ask your benefit office to send the child benefit directly to us.

But, you don’t need to use all of your child benefit to repay your loan. You can put some of it in your credit union saving account. You can also arrange some of it to be put back in your bank. For example, if you receive £34.40 child benefit per week, you can choose to use £10 for loan repayment, £10 to be transferred into your bank and £14.40 for saving.

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Derbyshire County Council Chesterfield Borough Council North East Derbyshire District Council Rykneld Homes Derbyshire Community Foundation Derby City Primary Care Trust

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