An application decision could be received by email or text in as little as seven days.
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. Top Money Stories Today What can a Budgeting Loan be used for? The loan is to help pay for essential things or services.You could get up to:Paying the Budgeting Loan back The money is paid back in full to the DWP at 0% interest within two years.The amount taken depends on your total income, which includes any benefits you get and what you can afford.
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