Back to school: a helping hand with the costs

The kids will soon be breaking up from school and it won’t be long before you have to think about kitting them out in new school uniforms for September.

Always remember if you need a helping hand, our partner London Plus Credit Union is offering residents a special family loan to meet this kind of cost, and we are offering an £80 savings bonus to top up your savings when you finish the loan.

If you are eligible**, you can borrow up to £500 over a 40-week term payable by using your child benefit as a direct form of repayment. An automatic £1 per week will be set aside to a savings account and on the basis you repay the loan set within the loan agreement, we will top up your savings by an additional £80. This is all administered through our partner London Plus Credit Union who are fully regulated and are responsible lenders.

NHG Family Loan

  • No credit check
  • £500 over 40 weeks at £14.35pw with an additional £1pw savings
  • Total cost of credit £573.76 (£500 + £73.76 Interest)
  • Repayments by child benefit only
  • We will pay an additional lump sum of £80***
  • Apply here

If you are feeling anxious about potentially overspending and have built up problem debts that you are struggling to repay, then it’s important to seek advice from a government funded debt agency such as or DebtFree.London for sound advice.

If you’re looking for further advice on managing your finances, we are running an online session on 14 July in partnership with London Plus Credit Union about developing good savings habits. You can register your interest for the session here.

**Loans are subject to eligibility and affordability assessments. Terms and conditions apply, 42.6% APR.
***Savings bonus is only offered to tenants where they have met the repayment as set out in the loan agreement. This is a time limited offer and is subject to availability

A credit union is a financial institution authorised and by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm No 473340