When do I make my first loan payment?

When do I make my first loan payment?

    If paying by Child Benefit or other benefits then your first loan payment will be taken from the next benefit payment paid to the credit union.

Standing Order and Payroll Deduction payers will be taken from the next due payment. However, if your repayment date is within 9 days of us providing the loan to you, your first repayment will be due on that date in the following month. We charge interest from the date we provide the loan. You can opt for the earlier repayment date if preferred.


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