We offer small affordable loans of up to £200 but if you receive Child Benefit, you can borrow up to £400
An example of how repayments work if you transfer your Child Benefit to us…
- You borrow £200
- Your Child Benefit for one child is £21.05 a week
- You agree to £10 going to pay off your loan – we take this automatically so you don’t even need to think about it each week
- We put the £11.05 into savings with us – you can withdraw this any time you need it
- At £10 per week, the loan will take just 22 weeks to pay off
- The interest will be £16.03
- The total cost of loan will be £216.03
So many of our members with Child Benefit find this a really easy way to repay their loan and still have access to some of their Child Benefit.
And with Fusion Credit Union, you always know you are getting a fair, affordable loan.
Do you have a friend who gets Child Benefit? Why not tell them about loans from Fusion Credit Union too?
Visit us at www.fusioncreditunion.co.uk
Send us a private message on Facebook
Or call us in office hours on 01543 415 032