Paying back the loan

A Budgeting Loan is interest free so you only pay back what you borrow.

The repayments will be taken automatically from your benefits. The amount you repay is based on your income - including any benefits you receive - and what you can afford.

After you apply for a Budgeting Loan, you’ll get an email, text or letter telling you if you’ve been offered a loan. This explains how much your weekly repayments will be if you accept the loan.

You normally have to repay the loan within 2 years (104 weeks).

If you stop getting benefits

You’ll get a letter from DWP Debt Management explaining how to repay and manage benefit money you owe. You can pay back the loan in full or set up regular monthly payments.