How much Budgeting Loan/Advance will I get?
There are three rates of Budgeting Loan/Advance, depending on whether you are single, a couple without children or a one or two parent family with children. You can get up to the following maximum amounts:
The minimum amount of Budgeting Loan/ Advance that you can get is £100. You cannot get more than it is thought you can pay back.
Repaying a Budgeting Loan/Advance
If you are given a Budgeting Loan/Advance, it has to be paid back but you do not have to pay interest on the loan.
A Budgeting Loan should normally be repaid within two years.
A Budgeting Advance should normally be repaid within one year, extendable to 18 months in exceptional circumstances.
A Budgeting Loan/Advance is not included in the Benefit Cap which limits the total amount in some benefits that working-age people can receive. See our Benefit Cap guide for more details.
How will I be paid a Budgeting/Loan Advance?
A Budgeting Loan/Advance will be paid directly into your Bank, Building Society or Post Office account or by Simple Payment if you are unable to open or manage one of these or a similar account.
Budgeting/Loan Advance and other benefits
A Budgeting Loan/Advance does not count as income and will not affect other benefits you get.