Representative example: Borrowing £500 over 12 months will cost £50.23 per month. Total amount repayable is £602.76 which includes interest at 42.6% APR.
Affordability checks apply. Loans are subject to status. Terms and Conditions apply.
Do not apply if you are considering, or are in an IVA, DRO, DMP or Bankrupt.
How to apply for a £500 No-Credit-Check Back to School Loan:
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Click on APPLY NOW
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Select "Yes" to the question "Are you applying for a £500 No Credit Check Family Loan?"
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Continue filling the form and Submit.
How School Loan Works...
1. Apply online for your loan
Complete the quick online application and connect your bank via Planky when prompted at the end.
2. We'll give you a decision
We'll email you the decision ASAP.
If approved, we'll send you the loan offer and information about how much money we will transfer to your bank account each time we receive the child benefit payments.
3. Change your child benefit
If approved, you need to pay your child benefit into your CLEVR Money account. Its fast and easy to do online - we'll email you instructions.
4. Sign your loan agreement
We'll email your loan agreement to you. Have a read and sign if you're happy to go ahead.
5. £500 will be paid to your bank
We will automatically be notified when you sign the loan agreement. We'll issue the payment to your bank account within 1 working day.
Key Features of the £500 Back to School Loan
We've released our popular £500 No-Credit-Check Back to School Loan, in time for the new school year. We know that it's an expensive time for parents, with new uniforms, shoes, coats, sports kits and other supplies needing to be paid for.
The back to school loan lets you purchase what you need, and spread the cost over 12 months. This makes the repayments affordable, and manageable.
There is no credit check required and the repayments are made via your child benefit.
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High approval rate.
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Simple and fast online application.
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No credit check carried out.
Affordability checks are completed without a credit check.
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Repayable via Child Benefit, makes the repayment process simple.
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Making repayments on time can help increase your credit score.
Child benefit is the only repayment method that we offer for this loan. You must be the claimant and be aged 18+ to apply for a Back to School Loan.
This loan works the same as our popular Family Loan. Our members tell us that they find the child benefit repayment method simple and easy, as it automates the repayments. It’s a great alternative to the traditional repayment options of Direct Debits and Standing Orders, which don’t work well for everyone.
Once HMRC pays the child benefit into the member’s CLEVR Money account, we split the payment into 2 parts.
We’ll keep some of the money in your CLEVR Money account to cover the loan repayment and some savings, and we will send the rest of the money directly to your personal bank account.
Families welcome this method as part of no hassle repayments, since they don't need to remember to make a regular payment, or worry about a direct debit payment failing.