Budgeting Loan

What is a Budgeting Loan?

This is a tax-free loan. No interest is charged but you do have to pay the loan back.

Budgeting Loans help you spread the cost of things you need to buy every so often.

What is it for?

You can use a Budgeting Loan to help pay for:

• furniture and household items
• clothes and footwear
• travel costs
• costs to improve or maintain your home, or keep it secure
• rent upfront or removal costs to get to a new place
• costs of looking for or starting work, or
• hire purchase (HP) or other debts you may have in relation to the items above.

We cannot pay a Budgeting Loan of less than £100.

Can I get a Budgeting Loan?

You may be able to get a Budgeting Loan if you get:

• Income Support
• income-based Jobseeker's Allowance
• income-related Employment and Support Allowance
• Pension Credit, or
• payment on account of one of these benefits, and
• you or your partner have been getting one of these benefits for at least 26 weeks

How do I apply?

Contact Jobcentre Plus for a Budgeting Loan application form.

You can download a Budgeting Loan form

You can download a Budgeting Loan form in PDF format. The form comes with notes that will help you fill it in and tell you where to send the completed form. This form does not apply to Northern Ireland.

 Budgeting Loans from the Social Fund SF500 (print out a form to fill in with a pen) (76k)

More information can be found in the leaflet 'The Social Fund'.

 Social Fund (684.78kb)

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