We are delighted to announce our new Child benefit savings and loan plan. To be eligible for this offer you must join the Credit Union and have your Child Benefit paid directly to CUBE Credit Union. You can apply for a loan immediately and your funds will be available for withdrawal as soon as your first benefit payment has been received.
Savings after your loan is paid (based on £500 loan over 50 weeks)
1 Child – £20.70 per week = £435.00
2 Children -£34.40 per week = £1120.00
3 Children – £48.10 per week = £1805.00
At a 42.6 % APR compared to a doorstep lender at 399.7 % APR.
Download and complete the Child Benefit Savings And Loan Plan Application Form.
Attach proof of ID and proof of address and send it to Cube Credit Union.
Contact the Child Benefit office and redirect your payments to the bank details, which you will find in the Child Benefit Savings And Loan Plan Application Form
Make sure you let us know your 10 digit Child benefit reference number. This will be on the notification letter or other papers you have from the Child Benefit Office.
Once we’ve received your 1st Child benefit payment your loan will be processed and paid by BACS to your nominated bank account which can take 3-5 working days to clear.
*Child Benefit loans can be renewed after a minimum of 5 months.