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Cash Box Credit Union Family Loan – borrow up to £750

The Cash Box Credit Union Family Loan lets you borrow for family expenses and use your child benefit to cover the repayments. Our Family Loan is here to help the people of Tameside and Glossop in an ethical and community based way. Working closely with our community, we pride ourselves on bringing fair and ethical finance to our members.

What do you need to do?

Below are the simple requirements to apply for our credit union Family Loan.

• Be aged 18 years old or over.
• In receipt of child benefit payments and agree to have this paid into your Cash Box Credit Union account
• Live or work in Tameside & Glossop or work for one of our Payroll Partners

If you meet the above criteria, then our application process is very simple!

Apply Now

When applying for our family loan you become a member of our credit union family you will need to provide proof that your child benefit is paid to you.

The repayments can be arranged to suit you.

You can decide how much of your child benefit is placed into your savings account.

What other benefits does the Cash Box Credit Union have?

• Our members are our family
• All applications are looked at by real people, not a computer
• The interest rate is fixed for the term of the loan
• No setup or early repayment fees
• Each payment you make adds a little more to your savings
• A loan with your local credit union will help you build or repair your credit rating

Need to borrow more than £750?

Cashbox offers a range of loans designed to suit you. We offer our loans up to the value of £15,000 and you can borrow as little as £50. We offer different types of loans so you always get the best value from your credit union.

If you need more information on our credit union family loan, please contact our friendly staff on 0161 342 3266 or by emailing enquiries@cashbox.org.uk.

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Credit Unions are financial community co-operatives that promote savings as well as loans.

Members of the credit union pool their savings to provide the funds from which loans are made. The interest on loans pays for the running of the credit union and if there is a surplus, members get a share of the profit known as a dividend.

We expect all of our members to save as much as they can afford, even if they are repaying a loan. As a minimum, we would expect you to save at least £2 per week/£10 per month and keep this in your savings account while you have a loan outstanding with us. Once your savings balance is higher than your loan balance, you may if you wish withdraw the difference.