Child Benefits Savings & Loan Plan

Child Benefit Savings & Loan Plan

To be eligible for this loan offer you must open a savings account with us, agree a savings and loan repayment plan, and have your Child Benefit paid directly to Swan Credit Union. You can apply for a loan immediately and your funds will be available for withdrawal within 3 working days once your first benefit payment has been received. The majority of these are turned around in 1-2 days, with top-up loans normally paid out within 24 hrs.

The plan

Borrow between £500.00 and £1,250 and repay it up to 76 weeks. Once your loan is cleared then you can withdraw all or some of your savings, continue to save or start a new savings and loan plan. Please note that the minimum term is 12 months / 52 weeks, and that Credit Referencing may be applied, including for top-up loans.

How to Apply

Go to the members website if you are ready a member at Account Login or use the Mobile App, otherwise login and join the Community Bank here



Call us on: 03030 300 147


Swan Community Bank is a trading name of Swan Credit Union which is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority.

Swan Credit Union Ltd. Our registered address is Foundation House, The Square, Wolverton, Milton Keynes MK12 5HX. (Company no. 417717).