Our family loan, also known as a child benefit loan is ideal for those bumps in the road that we all experience from time to time when you need a little bit of extra help to support your family. Things like the cost of back to school, Christmas, holidays and those unexpected expenses that just crop up from time to time.
To be eligible for a Family Loan:
- You must be over 18 years old
- You must be in receipt of child benefit
- You will need to transfer you child benefit to your Clockwise Credit Union account to repay your loan
- All applicants considered regardless of personal circumstances
Manage your Money Better
If your child benefit amount exceeds your loan repayment amount, you can use the remainder to set up a Clockwise savings account. Alternatively, you can choose to have the money paid back into your own bank account.