What is it?
A Budgeting Loan is an interest free loan intended to help spread the cost of intermittent expenses that you are unable to pay. It may help you pay for:
furniture or household items, clothing and footwear, rent in advance or removal expenses (to secure new accommodation), or expenses associated with looking for or starting work.
Is it for me?
You may be eligible for a Budgeting Loan if you are getting any of the following:
Income Support income-based Jobseeker's Allowance, or Pension Credit.
You or your partner must have been getting one of these benefits or entitlements, or payment on account of one of them for at least 26 weeks.
What are the benefit rates?
For Budgeting Loans savings of £1000 or more (£2000 for those aged 60 or over) may affect how much you get.
What do I need to do next?
Contact Jobcentre Plus to find out if you qualify for this benefit.
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