What are my repayments?
Once you make your first draw down, we will start to take repayments from your Child Benefit. Repayments will be £11.50 per week or £46 every 4 weeks, no matter how much you withdraw from your Family Finance Plan.
You can choose to overpay, or pay off the loan entirely at any time, without charge.
We don’t request a repayment while your credit limit remains untouched.
The interest rate is 42.6% APR Representative. It is calculated daily on the outstanding balance and applied to your loan each time you make a repayment.