School Uniform Loan
Helping families manage back-to-school costs, our School Uniform Loan provides a flexible and affordable way to cover essential expenses. Designed to support parents during the busy summer months, this loan ensures your child is ready for the new school year.
Our School Uniform Loans are seasonal products and are only available between July and August.
Central Credit Union members can apply for a School Uniform Loan by using the application form below.
All loan decisions are based on affordability. The amount approved will depend on your individual circumstances and our affordability assessment. We may offer a lower amount where this is considered appropriate under our lending policy.
Having a School Uniform Loan may affect decisions for any future top-up application on another loan (such as a Christmas top-up Loan). So be sure this is the right product for you right now. Our staff will always advise you of this.
If you have previously received a School Uniform Loan, your repayment history will be considered as part of your new application. Applications may be declined where a previous School Uniform Loan has fallen into arrears or has not been satisfactorily maintained.
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26.8% APR (or 2.0% monthly interest rate on the declining balance)
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For existing members only
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Preschool age (3 – 4 years) the maximum loan amount is £100 per child
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Reception age (5 years and over), the maximum loan amount is £300 per child
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Proof of Child Benefit required
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Child Benefit must be in the applicant’s name
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Maximum repayment term of 11 months
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Can be applied for alongside an existing loan
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School Uniform Loans cannot be topped up