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). Must also be working or receiving Child Benefit, Pension Credits or State Pension
Borrow up to £2,250
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 £500. If you have 2 children the maximum loan is £850 and for 3 children it is £1,175. For 4 children it is £1,525
Borrow £25 for every £1 of child benefit received each week