Homemaker loan
Open to new & existing members
New members are welcome to apply but must live or work within our common bond (Liverpool, Sefton & West Lancashire). You must also be working or receiving Child Benefit, Pension Credits or State Pension
Borrow up to £2,500
Apply even with a poor credit status
But see below for exclusions
Fixed term of 28 weeks
No individual voluntary arrangements, debt relief orders or bankruptcies
Income needs to be more than £500 per month
If you have 1 child the maximum loan is £625. If you have 2 children the maximum loan is £1050 and for 3 children it is £1,475. For 4 children it is £1,900 For 5 children it is £2,325 For 6 or more children it is £2,500
Borrow £25 for every £1 of child benefit received each week
If you are not working or receiving Child Benefit, Pension Credits or State Pension
If you do are not working or receiving one of the above benefits your loan will be automatically declined. We will still carry out a credit check and this may reduce your credit score.