1. Overview

You could get a Budgeting Loan to help pay for essential things like rent, furniture, clothes or hire purchase debts. The smallest amount you can borrow is £100.

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

You can apply for a loan if you’ve been getting income-related benefits for at least 26 weeks. You must still be getting income-related benefits when your application is assessed.

Budgeting Loans won’t affect your other benefits.