School Uniform and Essentials Loan and Savings Scheme


  • Apply for up to £500
  • Repayments from just £6.00 per week for a loan of £250
  • Spread repayments over up to 12 months
  • Interest of 3% per month (42.6% APR)
  • No loan arrangement fees, set-up costs or early repayment fees

The loan can be used to purchase Uniform/Shoes, PE Kit, School Bags, Text Books, Stationery, Sporting Equipment, Musical Equipment.

We won’t ask you for proof of purchase but we will ask for an idea of costs.  See our tips to help keep costs down.



You can apply for this loan if:


  • You are a member of LASER Credit Union or become a member
  • Are aged 18 or over
  • You have an income of at least £100 per week
  • You are willing to commit to a savings plan of £1 per week
  • You are not currently in an IVA (Individual Voluntary Agreement)
  • You have not had a Debt Relief Order or Bankruptcy Order within the last 2 years

All loans are provided subject to status and affordability


Save a minimum of £1 per week (£4 per month) in the School Uniform Savings Account for 3 months and the Illegal Money Lending Team (IMLT) will put £20 into your savings account.

On top of that, save a minimum of £1 per week (£4 per month) in the School Uniform Savings Account consistently for 12 months and the Illegal Money Lending Team (IMLT) will put another £20 into your savings account


If you can manage to save £5 per week for 52 weeks that £260 plus £40 from IMLT that’s £300 saved for next year’s school uniform.


According to a 2020 survey by charity The Children’s Society of 1,000 parents across the UK, parents with children in state-maintained schools spent on average £337 per year on school uniform for each secondary school child and £315 per year for each primary school child.

The cost of getting kids kitted out for school can soon mount up, especially uniforms for growing children and then there’s shoes, trainers, P.E. Kit, books, pens, school trips and the list goes on.


We have some tips to help control and keep the costs down:


  • Supermarkets – Price up the cost of non-logo uniform from supermarkets and look out for bundle deals
  • Secondhand is OK. Ask if your school sells second-hand school blazers and other uniform items.
  • Buy bigger – For growing kids, buy the next size up
  • Change– Get kids to get changed after school, the uniform should last longer
  • Label – Everything!  There’s always the one kid that leaves an expensive logo school jumper, fresh from the shop in the changing rooms after P.E.
  • Budget – Work out the cost for a year for school uniform and all the essentials so you’re not caught out.


For more useful hints, tips and information visit Money Saving Expert:

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, or by phoning 01709 836500.

If you are already a member with us you can also get in touch by sending a secure message on our mobile app.

If you would like to apply, click on the apply now button below

Apply Now