Family Loan & Savings Scheme

Our Family Loan Scheme lets you borrow for family expenses and allows you to use your Child Benefit for the loan repayments.

  • Complete a quick online loan application. 
  • We assess affordability with no credit check.
  • One Months Bank Statement must be provided.
  • Family Loan decision within 2 working days.
  • Opportunity to build savings.

We can only accept applications for the Family Loan & Saving Scheme from people who live or work in the Boroughs of Calderdale or Kirklees

How much can I borrow?

Initially up to £500 + Savings

Save as you borrow

With our Family Loan Scheme, you can save at the same time as repaying your loan.

What do I need?

  • You must be aged 18 years old or over and in receipt of Child Benefit. You must agree to have this benefit paid into your account with Calderdale Credit Union.
  • Provide proof that Child Benefit is paid to you.
  • There is no need to be an existing member but you will have to join and save with us if you want to take part in the scheme.
  • Repayments tailored to suit you. Simply choose how much you want to put in your savings account each week.

What other benefits does the £500 Family Loan Scheme have?

  • After 3 months  (12 weekly repayments) you can apply for a top up loan up to £750
  • Then a further top up to the maximum balance of £900 after a further 12 weekly repayments.
  • Gives a positive boost to your credit rating when you keep to your agreed repayment schedule.
  • No setup fees or early settlement penalties.
  • Our saving accounts are fully covered by the Financial Services Compensation Scheme (up to £85,000).

Apply Online