Family Loan

For a child benefit loan

Borrow from £150-£700 at 42.6% APR

South Manchester Credit Union
South Manchester Credit Union
702 Google reviews
Dayo Bello
Dayo Bello
12/04/2024
They came through for me twice in my time of need. For me it is not even about the funds , it is the ease at which you chat with them either the app or over the phone. Everyone I spoke to or chatted with was so empathetic and non judgmental and I appreciated that a lot. I also do like the fact that user interface was quite easy and no one will struggle with it. As long as you respond hurriedly the funds come in extremely fast. Also the first one I received was on the 22nd and I was amazed at how they ensured I was paid before they went on break; they were the ones saying they wanted it to come through for me, I really loved that
Amir
Amir
11/04/2024
Very helpful 👌
Chelsea Wedderburn
Chelsea Wedderburn
08/04/2024
I have been with the SMCU for over 10 years. The team is always so helpful and supportive! I love the fact I can save with them and also take out low interest loans when I have unexpected bills!
Seagrave96
Seagrave96
08/04/2024
Didn’t think I’d get a loan but was approved they were very helpful through the whole process and really friendly they just wanted to help
Khola Khandii
Khola Khandii
05/04/2024
Advisors are always very polite and helpful. Response time is usually quite quick and advice is always tailored to me and my circumstances which I appreciate
Rhona Brown
Rhona Brown
05/04/2024
Had an emergency Credit Union were able to help out swiftly. Very good customer service 2nd time I have been helped out in an emergency. Credit Union stepped up once again I would of been lost without them. Thanks so much. Whatever your situation be honest and Credit Union will endeavour to help
megan partington
megan partington
05/04/2024
Cant thank Abdullah and Aimee enough for all the help over the last couple of days. From start to finish I’ve had my enquiry dealt with fast and efficiently and felt like they was listening to me throughout every process of getting help during my move into a new home. The best service to use so quick and easy and actually really nice to talk to as well. Don’t be afraid to ask for help because they can and will help and do a fantastic job of it.
bacem belada
bacem belada
29/03/2024
Very helpful and friendly staff very professional thanks
macauley fitzgerald
macauley fitzgerald
27/03/2024
I've had nothing but an amazing experience so far the staff are amazing and really go above and beyond for their customers I can't rate them highly enough!
Dollie B
Dollie B
25/03/2024
South Manchester Credit Union was absolutely incredible in dealing with me and the assistant was very helpful and everything went seamlessly with no issues at all. Thank you 😊
South Manchester Credit Union
South Manchester Credit Union
702 Google reviews
Dayo Bello
Dayo Bello
12/04/2024
They came through for me twice in my time of need. For me it is not even about the funds , it is the ease at which you chat with them either the app or over the phone. Everyone I spoke to or chatted with was so empathetic and non judgmental and I appreciated that a lot. I also do like the fact that user interface was quite easy and no one will struggle with it. As long as you respond hurriedly the funds come in extremely fast. Also the first one I received was on the 22nd and I was amazed at how they ensured I was paid before they went on break; they were the ones saying they wanted it to come through for me, I really loved that
Amir
Amir
11/04/2024
Very helpful 👌
Chelsea Wedderburn
Chelsea Wedderburn
08/04/2024
I have been with the SMCU for over 10 years. The team is always so helpful and supportive! I love the fact I can save with them and also take out low interest loans when I have unexpected bills!
Seagrave96
Seagrave96
08/04/2024
Didn’t think I’d get a loan but was approved they were very helpful through the whole process and really friendly they just wanted to help
Khola Khandii
Khola Khandii
05/04/2024
Advisors are always very polite and helpful. Response time is usually quite quick and advice is always tailored to me and my circumstances which I appreciate
Rhona Brown
Rhona Brown
05/04/2024
Had an emergency Credit Union were able to help out swiftly. Very good customer service 2nd time I have been helped out in an emergency. Credit Union stepped up once again I would of been lost without them. Thanks so much. Whatever your situation be honest and Credit Union will endeavour to help
megan partington
megan partington
05/04/2024
Cant thank Abdullah and Aimee enough for all the help over the last couple of days. From start to finish I’ve had my enquiry dealt with fast and efficiently and felt like they was listening to me throughout every process of getting help during my move into a new home. The best service to use so quick and easy and actually really nice to talk to as well. Don’t be afraid to ask for help because they can and will help and do a fantastic job of it.
bacem belada
bacem belada
29/03/2024
Very helpful and friendly staff very professional thanks
macauley fitzgerald
macauley fitzgerald
27/03/2024
I've had nothing but an amazing experience so far the staff are amazing and really go above and beyond for their customers I can't rate them highly enough!
Dollie B
Dollie B
25/03/2024
South Manchester Credit Union was absolutely incredible in dealing with me and the assistant was very helpful and everything went seamlessly with no issues at all. Thank you 😊

Family holiday, school uniform, household essentials

Spread the cost of your family expenses using your child benefit

Family holiday, school uniform, household essentials

Spread the cost of your family expenses using your child benefit

Loan Calculator

How much can I apply for?

We understand that the number of children you have affects how much child benefit you receive. This is why we have tailored our Family Loan to suit you:

With 1 child, you can apply for up to £300

With 2 children, you can apply for up to £500

With 3+ children, you can apply for up to £700

How much can I apply for?

We understand that the number of children you have affects how much child benefit you receive. This is why we have tailored our Family Loan to suit you:

With 1 child, you can apply for up to £300

With 2 children, you can apply for up to £500

With 3+ children, you can apply for up to £700

How to apply

There are now two ways to apply online

Online form

New members can use our simple online application form to apply for their first loan

All we ask for is some basic information, and we’ll be in touch within one working hour to fill in the rest – it’s that easy

Mobile messaging app

All members can use our secure mobile messaging app to complete a loan application

You can complete the full form and all our ID checks all in one place. Don’t worry, all messaging on our app is encrypted, so your personal documents and data are all safe and sound

How to apply

There are now two ways to apply online

Online form

New members can use our simple online application form to apply for their first loan

All we ask for is some basic information, and we’ll be in touch within one working hour to fill in the rest – it’s that easy

Mobile messaging app

All members can use our secure mobile messaging app to complete a loan application

You can complete the full form and all our ID checks all in one place. Don’t worry, all messaging on our app is encrypted, so your personal documents and data are all safe and sound

Want to borrow more than £700?

Apply for £1,000 – £15,000 with our Smart Loan 👇

Why borrow with us?

We offer competitive interest rates

99% of our Google reviews are 5 stars

Repay with flexible repayments on terms that suit you

Get a decision on your Family Loan application within 2 working days

Keep your mind at ease with no fees or charges. Any questions? Just ask

Save whilst you repay and enjoy your savings once your loan is repaid

Why borrow with us?

We are able to offer competitive interest rates. You’ll never be charged more than 3% monthly interest

99% of our Google reviews are 5 stars, something we are incredibly proud of. Our members show us lots of support and appreciation for the service we provide

Repay with flexible repayments on terms that suit you. We know everyone’s finances are different and there’s no one-size-fits-all approach, so we work with members to find the best possible way forward for your finances

Get a decision on your Family Loan within 2 working days. Speed matters and, with our experience, we are able to work quickly to get back to you with a decision and next steps

Keep your mind at ease with no fees, charges, or penalties. If you have any questions about your loan, repayments, or anything to do with your account, just send us a quick message on our secure messaging app

Save whilst you repay and enjoy your savings once your loan is repaid. Everyone who borrows with us saves too, so you don’t have to stress once your loan is repaid. Leave your savings here to access our lower interest loans and continue to save, or enjoy your nest egg and treat yourself

Be rewarded for your loyalty

Access lower interest rates after one year of active membership

Our Saver Loan rewards your membership with a lower interest rate at 26.8% APR and a bespoke credit level

In the words of our members

What to expect

You can apply for a loan right away! Simply fill in our online loan application form and we’ll be back in touch within 1 working hour. We’ll then finish signing you up and guide you through the application process.

Our members most often find repaying through a standing order to be easiest option. If you are employed by one of our payroll partners, your loan repayments can be taken directly from your wages through payroll deduction, so you’ll never have to see the money leave your account. If you’d prefer to call into the office, feel free to pay by cash.

Interest on all of our loans is calculated daily on the reducing balance of your loan. With every repayment you make, you clear the interest accrued since your previous repayment and your interest is then calculated for your next repayment on the reduced balance – the lower your balance, the less interest you pay.

For our Welcome Loan, youcan set your repayment period at as little as 3 months and as much as 12 months. The maximum allowed repayment period increases for some of our other loans.

As a responsible lender, we will run a credit check on your first loan application. Our policy is that we may run a credit check on any loan application. Your application will be assessed based on your credit file, affordability, and your personal circumstances, not just your credit file alone.