Starter loan

For people who receive Government benefits and who have never had a loan with us before. 

A small first loan to get you started with us. Once we know you and you know us, you can borrow more.

Start with up to £500 and after you've paid back your starter loan, you could go on to borrow up to £1,800.

How do we compare?

 A loan with us - 36% APR

Cashfloat - 183% APR

LoanPig - 292% APR

Sunny Loans - 1226% APR

Lending Stream - 1333% APR

With every payment you make, we help you save for a rainy day. It’s called cashback.

Borrow money and when it’s paid back, you could have built up savings you’ve only dreamed about.

It’s what we’re known for.

We’re a bank you can rely on

Thousands of people on benefits or low income have become some of our most loyal and reliable members.

Those borrowers have been able to rely on us because we have been able to rely on them.

Stick with us and we’ll be there for you.

Read this first

Before you begin, there are some conditions which apply to this type of loan: 

  • You must have at least one of your benefits paid into an account with us

  • You won't receive the loan until we receive your first benefit payment

  • The first loan is £500. Once we get to know you, you could borrow up to £1,800

  • Child benefit

    Child tax credits

    Working tax credits

    PIP or DLA

    Carers allowance

    Single universal credit

    Pension or Pension credit

    ESA

    Income support

  • Yes. You need to have a least one benefit paid into an account with us to make your regular loan repayments.

    Most people choose child benefit, but we accept almost any benefit.

  • That’s OK. We’ll take your loan repayment and send the difference back to your normal bank account the same day, or you can save the difference.

  • We want to help people build their savings.

    With every loan repayment you make, we put a little extra aside into a cashback savings account which you can access when your loan is cleared.

  • We will allocate your loan once we have received your first benefit into your account with us.

Apply for your starter loan