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Coronavirus | Updates, advice and resources for families and practitioners

Budgeting Loans

What are Budgeting Loans?

Budgeting Loans help pay for essential things like rent, furniture, clothes or hire purchase debts. This is known as a ‘Budgeting Loan.’ The smallest amount you can borrow is £100. A full list of what it can assist with is available on the GOV.UK website.

Budgeting Loans are interest-free so you only pay back what you borrow. You normally have to repay the loan within 104 weeks.

Am I eligible?

You can apply for a loan if you’ve been getting one of the following income-related benefits for at least 26 weeks:

  • Income Support
  • income-based Jobseeker’s Allowance
  • Pension Credit

How do I claim?

You will need to send a claim form to your local Jobcentre Plus.

Who to contact

Telephone
0800 055 6688
Website
https://www.gov.uk
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