I’m on benefits and need a loan today

Loans for people on benefits are exclusively for individuals with low income and receiving government benefits. Yes, you can get one.

If you are on benefits and need a loan today from a direct lender, you must meet specific criteria. We quickly assess your finances and credit score before providing these loans. If you struggle to qualify for cash on Disability benefits or jobseeker’s allowance, you may grab £1000-£5000 here. To qualify, you must own valid proof of the benefits in slips. You can apply even if you are yet to receive your first benefit payment.

Any student, unemployed, single mother on maternity allowance, retiree, self-employed, or pensioner can apply. We analyse the cash requirement and the purpose before approving. This differentiating perspective makes us more responsible than other lending sources.

Loan for People on Benefits

What can I use loans on benefits for?

As the loan on benefits is for countering any unexpected or necessary expense, you must tap for only EXCLUSIVE purposes. Unemployed individuals needing instant cash with no or less income can check out these as a solution to time-sensitive needs like-

  • Boiler repairment
  • Rent
  • Home renovation
  • Paying the bills
  • Paying the child’s coaching fee
  • Register for an important client-oriented seminar as self-employed
  • Funding a big-ticket purchase (washing machine, furniture)
  • Paying for an urgent travel or holiday

If your need went missing here, you must mention it with your application for on benefits if you need a loan today from the direct lender. With us, you do not need to worry about dented credit profile as we conduct only a soft credit check. You would not be penalised, nor will your credit score suffer.

What types of benefits do you accept?

You may qualify for a personalised loan quote at the portal. We understand securing a stable income amid the psychological and physically changed scenario could be challenging. Thus, analyse your circumstances and finances to channel an affordable quote on loans on benefits.

  • Tap your existing finances and credit history
  • Identify your cash requirement
  • Get no-obligation quote

Our services are not just restricted to a few benefits. There is a huge range of grants that we cover. Our broad analysis and loan features are available for nearly any support you receive under same day loans on benefits. You get the funds in 15 minutes to your linked bank account. You can avail of these if you receive any of the below benefits:

  • Disability Support
  • Child care
  • Jobseeker allowance
  • Personal Independence Payments
  • Working Tax Credit
  • Fostering allowance
  • Industrial Injuries disablement benefit

What do I need to pay to get loans on benefits?

Compared to mainstream lenders, our terms align with the customer’s expectations. If you are on benefits and need a loan today from a direct lender, you have made the best bet. We prioritise crystal-clear lending criteria and terms. There remains no strain of confusion as you can contact us at any hour for clearance.

We don’t force you to fill up the form if you are in a situation. We understand getting funds in unemployment could be overwhelming, and we design an amicable loan agreement. Why fear when you can analyse the exact loan costs before moving further?

The below table stretches out the total cost or the runoff figure of the loan arrangement, which you may expect here.

Early Repayment Fee £0
Upfront Charges £0
Late Repayment Fee 1st exempted (8% after that)
Penalties No
Hidden fees £0
Interest Rate Affordable and Negotiable

How do you provide all-inclusive loans on benefits?

To provide loans for benefits to individuals, we determine the suitability of the amount by analysing the income, outgoings, and liabilities. Every person shares unique revenue and repayment abilities.

We split our repayments into 3,6,9 and 12 months to help you manage things well. Our top concern remains the affordability and comfortable repayments. Though the flexibility is there, you can pre-pay the amount if you wish to. Instead, uphold careful measures to make loans on benefits a breeze for you.

New Customers Existing Customers
If you borrow an amount for the first time, you may repay any repayment months as per your affordability. We help existing customers by providing the flexibility to continue their existing patterns if they want to.
Fill up the details to send us a loan quote. You may save the details in the portal if you want to. We conduct a soft credit check to determine the amount to loan you. Once we receive your application, we will release the agreement at the very moment without any detailed checks.
You can set up a direct debit to track your payments and avoid missing any. We cut payments automatically from direct debit
We loan only the amount you qualify for. If you need more, switch to bad credit loans or provide additional income support You may fetch a higher sum if your previous record reveals responsible borrowing

is it possible to get low-interest payday loans for people on benefits?

You can tap ‘payday loans for the unemployed on benefits’ if your needs are around £1000-£2000 at the best interest rates. One pays repayments on every payday, i.e. income-day.

These are exclusively for emergency purposes. You can choose monthly, weekly, bi-weekly, or yearly payments here. If your earnings exceed £400/month, you may qualify for these short-term loans on benefits on less-than-ideal credit history.

Since these are payday loans, the repayment terms are 3-4 months. However, you can rationalise the flexibility to pay within 6 months (24 weeks) or 84 weeks (maximum). Do not worry if you miss a payment due to a delay in receiving the weekly benefit amount, you may repay the next day without any penalties.

The interest rates depend on your credibility and the amount requested for the loan term. If you can pay the amount within 6 months, choose that. You can also pay in a high lump sum. It is ideal if you have 4 rollovers in a row. It would reduce the interest and monthly repayment costs.

More extended repayments may be comforting, but they delay your other financial goals. We make things easier for you by allowing you to repay payday loans with bad credit on benefits early and boost your credit score.

How to apply for quick loans for people on benefits?

The time of our customers is precious. Unemployment begets challenges that require quick solutions. Our loan sanction process ensures providing cash in a flash. Quickly contact us if on benefits and need a loan today from a prestigious direct lender.

STEP 1- Fill out a no-obligation loan form

Edit the loan form with the amount requirement and the purpose. We identify the affordability given the need and the employment situation.

STEP 2- Send you a loan confirmation mail

After identifying the requirement, we may follow up with you for income proof. You may provide the slip of benefit that you receive.

STEP 3- Attach a few personal documents

You must provide digital documents via your lender‘s online portal for the below products:

  • Driver license/passport/ID
  • Previous 50 days of bank statements with a consistent income stream
  • Proof of address

STEP 4- Get cash in your account

We will immediately release the funds if we find the attached document authentic.

Why must you get a loan with us?

Once you partner with us, you may return for different loan products like unemployed loans, same-day loans, or very poor credit loans. Though there are a million reasons to contact us, the below aspects will make you dial the number now:

  • Loans on fixed interest rates and terms help with budgeting.
  • You can refinance if your situation improves
  • We provide flexible repayments to manage it along with other high-interest debts
  • 99% application approval
  • Our repayment plan prevents you from defaulting
  • We see you as humans, not robots

Who can qualify for these loans?

Unemployed individuals may qualify for these loans by meeting the below criteria:

  • You must be 18+ years of age UK citizen
  • You must hold a valid income from benefits proof
  • Must own verified bank account details and debit card
  • Should be unemployed with no fault of their own

Do I need a guarantor for loans on benefits?

No, these loans are collateral and guarantor-free. If you borrow within the affordability parameter, you would not require one on loan. We drive to keep it independent for you and meet your requirements without worrying about the known ones.

What types of benefits would not be considered income here?

We provide minimal cash assistance on nearly every benefit one receives. However, some need to align with our repayment or loan structure. We do not provide service for the below benefits:

  • Housing Allowance
  • Abstudy
  • Youth Allowance

Can I get loans on benefits with bad credit and no credit check?

Yes, we provide loans on benefits to individuals with bad credit with no credit check. No credit check here implies - credit report screening that does not impact the credit score.

Can I get a loan if unemployed and retired?

Yes, you may get a loan if you are retired. If you do not own a pension, you may apply for a loan with the benefits you receive.

Apply now