Those who have been claiming Income Support, Income-based Jobseeker’s Allowance, Income-related Employment and Support Allowance or Pension Credit for at least six months may be eligible for the loan
People claiming certain benefits from the Department for Work and Pensions may be eligible for a Budgeting Loan to help pay for essential products or services which they would otherwise be unable to afford due to their current circumstances.
What is a Budgeting Loan? A Budgeting Loan is money people who have been claiming the benefits mentioned earlier for at least six months can apply for financial help from the DWP. How to apply You can apply for a Budgeting Loan online or by post, however, the DWP guidance states: “You will get a quicker decision on your Budgeting Loan by applying online.”
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