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Our Family Loan is available year round, helping you manage your family budget
Our Family Loans have one of our highest approval rates for new applicants and are suitable for those with poor to good credit files.
With convenient repayments straight from your Child Benefit, keeping up with your repayments is easy – helping you to improve your credit record.
These loans come with a savings plan, to help you progress to our even cheaper loans in future, as well as building up a little nest egg. You also have the option to add a free Christmas Club saver account, or set-up a free children’s account for your children, if you wish to save the remainder of your Child Benefit.
You can apply for up to £750 on your first loan. Our decision is based on affordability rather than your credit score.
You can apply for this loan if:
- You have a regular income of at least £500 per month, or equivalent
- You currently receive Child Benefit
- You are not currently in an IVA
- You have not had a Debt Relief Order or Bankruptcy order in the last 2 years
You can apply for a further loan (top-up) when:
- You have made at least 16 weeks of repayments since your last loan
Key Features
- Affordable repayments starting at £5.00 per week
- Apply straight away – suitable for poorer credit records
- Easy repayments straight from your Child Benefit
- Free savings accounts for you and your children
- No loan arrangement fees or set-up costs
If you have any questions, the team at LASER are happy to help and you can contact them by secure message on our website, email, enquiries@lasercu.org.uk or by phoning 01709 836500.
