Family Finance Plan

A simple plan for families that gives you credit when you need it. Borrow up to £500 at any time and repay with your Child Benefit.

Borrow from £1 to £500

A flexible way to borrow

Our Family Finance Plan gives you a safety net for unexpected costs, or expensive times like Christmas or back-to-school.  

Switch your Child Benefit payment to a credit union account, and you’ll qualify for a pre-approved credit limit of £500 for you to access whenever you need it. The Family Finance Plan is easy to manage and you don’t need a perfect credit history to apply.  

  • Repay your balance with your Child Benefit  
  • Option to build savings as you borrow 
  • Only pay interest on what you use 

Interest rate 

42.6% APR representative 

We’ve been helping local people borrow better for over 20 years

We’ll consider you for a loan, even if you’ve been turned down elsewhere

99% of our borrowers are happy with our service

Our loans have a 5-star rating from the Fairbanking Foundation


1. Complete the Family Finance Plan application form
Give us brief details of your income and expenditure, your Child Benefit Reference and whether your child benefit is paid weekly or 4-weekly. You’ll also need to provide proof of where the payment is currently made (e.g. bank statement, Post Office Card statement).
2. Switch your Child Benefit payment
If your application is approved, we’ll arrange with you for your Child Benefit to be paid into your credit union account.
3. Withdraw funds
Once set-up, you’ll have access to £500 credit limit in your Family Finance Plan account. You can draw down whenever you need funds, subject to a £50 minimum. We'll transfer the funds to your bank account.
4. Repay your balance with your Child Benefit
Pay back your balance £11.50 weekly, or £46 every 4 weeks using your Child Benefit. You can also make extra payments to save interest. The rest of your child benefit will build up in your Easy Saver account for you to access when you need to.

Yes. As a responsible lender we will check your credit history with a Credit Reference Agency
to help us make our lending decisions, but you can still get the Family Finance Plan even if
you’ve got a bad credit history.

The whole of your child benefit will be paid to Bristol Credit Union. You'll pay back £11.50 every week, or £46 every 4 weeks using your Child Benefit, whenever you have a balance outstanding on your account. 

The rest of your Child Benefit will go to your Easy Saver account. 

You can take money out when you need to or build your savings. You can see your balance and make withdrawals by logging in to your account. 

You can draw down any available balance on your Family Finance Plan at any time, by logging in to your account. The minimum you can request is £50. 

We will transfer funds to your bank account the same day (as long as you tell us before 3.30pm).

It’s a huge relief to find a lender that doesn’t penalise you for having a limited credit file. It has had a significant positive impact on the well being of me and my family. 


Check you are eligible

To apply for the Family Finance Plan, you need to receive Child Benefit and meet the following criteria:   

  • Age 18+ and live, work or study in Bristol, Bath, South Gloucestershire, North Somerset or Bath and North East Somerset. 
  • Or you're a UNITE and UNISON member from the South-West, or a tenant of one of our partner housing associations  

If you are currently in arrears with bills, if your expenses are more than your income or if your child benefit might stop shortly then we are unlikely to be able to approve this loan. Please contact us to discuss your options. 

Have your documents ready

You'll need an email address and mobile number to start your application. Make sure you also have your Child Benefit and National Insurance number, income details and bank details handy, plus proof of identity. 

If you are unable to provide these during your application, you can save at any time and complete in branch or at one of our Service Points. 


Find a branch

Start your application

Now that you have everything you need, you can get started on your application. It takes about 15 minutes to apply online and get a decision, and you can save your application at any time and come back to it later.  

Get started

Not sure this is the right loan for you? Have a look at our other products

View our other loans