Loans for People on Benefits – FAQs
How to Apply for a Loan on Benefits
If you’re looking for a loan while you’re on benefits, you’re in the right place. You can use most benefits as your income when you apply, including Universal Credit. I’ll keep things simple and clear so you can see what we need, how it works, and if a loan is right for you.
Do you give loans to people on benefits?
Yes. You can apply for a loan as long as you have a regular income, and this can include benefits.
Can you include any type of benefits in my loan application?
Yes. You can use income from work or most benefits, including:
- Universal Credit
- PIP
- DLA
We don’t count children’s DLA as income.
Is there a minimum income amount for loans to people on benefits?
Yes. The minimum income amount is the same for everyone, no matter how you get your income.
You need to have at least £350 per month after tax and National Insurance.
What happens if my benefits have recently changed?
That’s okay.
When we check your application, we look for a regular income over the last three months.
Be honest about your income and make sure you send the bank statement where your benefit payments go in.
How do you check what I can afford?
We know managing money on a fixed income can be challenging. When you apply, we look at what you can realistically afford to repay. We only offer a loan if we believe it fits your budget.
What if I’m worried about money or debt?
If money feels tight or you’re worried about debt, you’re not on your own. Free and independent support is available, and speaking to someone can help you understand your options and feel more in control.
Where can I get free, independent money help?
You can get free support from trusted organisations such as:
They offer confidential advice and can help you look at your money and debts in a clear, supportive way.
