Skip to main content
MCU
All loans
Recipients of State Benefits or Isle of Man State Pension

Family Loan & Saving

For families on State Benefits or pension, repaid straight from the benefit.

Best for: School costs, a boiler service, getting through a tough month.

Why members choose this loan

  • Open to recipients of IoM State Benefits or the State Pension

  • Repayments collected from benefit at source, simple and predictable

  • A small share saving grows alongside every loan

What to expect

Pay the loan off early whenever you like — there is no early-repayment charge.

  • 01Apply online with your Member Number, or in person on Peel Road.
  • 02We share a pre-contract credit disclosure with your monthly repayment, total cost of credit, and the representative APR.
  • 03You confirm, and we pay the funds into your bank account.