Budgeting Loan/Advance - What is a Budgeting Loan/Advance?
A budgeting loan/advance is a loan to pay for certain essentials
- Last reviewed 01 March 2022
What is a Budgeting Loan/Advance?
A Budgeting Loan is extra money on top of your benefits to help pay for certain essentials.You have to pay back a Budgeting Loan.
A Budgeting Advance is an extra amount of Universal Credit to help you pay for certain expenses.You have to pay back a Budgeting Advance.
A Budgeting Loan or Advance can help you to pay for:
Furniture and household equipment, clothing and footwear
Rent in advance and/or removal expenses to new accommodation
The costs of improvement, maintenance and security of your home
Essential travelling expenses and expenses due to you getting or starting a job
Maternity or funeral expenses.
Before you apply for a Budgeting Loan or Advance, check whether you can get these payments which you do not have to pay back:
- Funeral Payment
- Local Welfare Assistance
- Sure Start Maternity Grant (England, Wales, Northern Ireland) or Best Start Grant (Scotland).
- Flexible support scheme funding
- Charitable grants
Applies to: England, Northern Ireland, Scotland and Wales
Age rules: No specific age rules
Administered by: Department for Work and Pensions