If you receive benefits, there may be a good reason. Perhaps, despite systematic efforts, you struggle to find work. You may be living on disability benefits, and circumstances may not favour grabbing a regular job. Whatever the scenario, surviving with squeezed finances is troublesome.
When income and benefits do not suffice, you need some additional flexibility. But many individuals are turned down by banks for lower credit scores and income. We consider individuals receiving regular payments via benefits. You can apply and get loans today on benefits to serve even the slightest purpose.
These loans are for those currently out of work due to genuine circumstances and who receive benefits. With this short-term unsecured facility, you can bridge emergencies quickly. We here consider factors other than credit score and regular employment history to approve the loan. It works almost similarly to payday loans with no credit check facility.
If you are on any benefits and need extra cash, you can get a loan on benefits from direct lenders, like us, without stressing your budget. We offer a flexible amount to individuals qualifying for the loan.
| LOAN AMOUNT | £1000-£10000 |
| REPAYMENT TERM | 3-60 MONTHS |
| INCOME REQUIREMENT | £800-£1000/MONTH (AT LEAST) |
These loans work just like payday loans on benefits because incomes are the primary source of approval. Like salary-day loans, you can split the payments as per comfort.
We never urge you to choose a specific repayment plan. Pick an amount that does not harm your bottom line. If you are confused, our representatives can help you fetch the apt amount for your circumstances.
What makes us unique is the repayment flexibility we grant our customers. If you are unhappy with the existing repayment, you can reschedule it even after just 2 repayments.
Unlike others, you will receive numerous benefits to counter needs without missing deadlines.
We consider the disposable income that you left with after meeting the liabilities. However, you may qualify for instant loans on benefits with us if you are on any of the below benefits:
However, if you have other benefits like:
Here, you would need to produce additional income proof to qualify. We do not deny straightaway if you have any of these. Instead, gauge the sincerity of the cash need and help.
You may apply for a small sum (emergency only) to get benefit loans from a direct lender like 1OneFinance.
In situations where you crave that extra pound to seal the deal, these benefits loans can help. You can tap these loans for benefits for the following purposes:
You may contact us now if you need a loan on benefits for any of these purposes.
We provide loans on soft credit search that keep your credit score intact. However, we may deny it if the present circumstances or the benefits do not suffice the loan amount you need.
These loans are the best to check in if you have been seeking a trusted alternative to your requirements like-
For any of these situations, you can get instant loans on benefits with us. Here are other advantages of why you may like to tap it:
These are any-purpose loans
Whether your car tire punctures or the oven breaks out, you can use these loans to get that extra cash flexibility any time on the clock. We provide loans for people on benefits round the clock as emergencies arise unplanned. You do not need to disclose the reason to us.
No collateral is required
If you are afraid of losing your possessions, do not worry, as we never ask for one. These are unsecured loans on benefits that you may qualify for a minimal income.
Least chance of default
These loans have competitive interest rates, and you should not think too much about us. Along with flexible repayments, we provide personalised solutions to borrowers to clear loans early. Moreover, you can maintain these unsecured loans with bad credit qualification flexibility in easy repayments.
You can choose any repayment term until 12 months. It is akin to what you do while taking installment loans from direct lenders. Purpose and loan tenure is something that differs here.
You may pay the amount and interest rates early if your finances abide by it. We do not charge a pre-payment penalty. Take charge of your credit and meet your needs in time.
Get a cash loan without a guarantor
Individuals facing extreme financial distress struggle to qualify for loans with mainstream lenders. He requires a guarantor in this case. However, these loans eliminate any such loan hassle and hence are also known as no guarantor loans.
The unemployed or self-employed can meet their needs with us by qualifying at a minimal income bracket despite a poor credit score. You can meet the initial start-up costs by switching to a business loan on benefits in the UK marketplace.
You share more chances of approval on these loans for business purposes than other loans.
Options like small business loans in the UK marketplace help fix business needs. But qualifying the same is challenging owing to inconsistent income.
Bad credit is just a past mistake. It must not hamper your current urgencies.
If your profile reveals the below parameters, you can qualify yourself on benefits when need a loan today from a direct lender despite bad credit:
We provide emergency loans for the unemployed on benefits without any mess. Using this, you can bridge the payment gap even if you have not received your first benefit payment from the authority. However, you must prove the same.
We understand that you may struggle to make timely repayments, and we do not charge interest on 1 missed payment.
The most important things to consider while applying for the loan are:
If you are surviving on income from benefits, then covering the cost of the loan can be challenging. It may impact the other liabilities. Thus, before borrowing, analyse your need. You can also seek a lower amount. It would reduce interest rates and costs.
The benefit claimants will find our loan process easy and quick.
If you are on benefits and need a loan today from a direct lender like us, you must first meet the document requirements:
| STEP 1 | Drag the amount you need and select the loan term |
| STEP 2 |
Provide personal information-
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| STEP 3 | Before ticking the box, read the terms and conditions to avoid any confusion |
| STEP 4 | Submit your application |
| STEP 5 | We will return to you for income proof and other identity proof |
| STEP 6 | Sanction loan amount quickly after the application approval |
In this way, you may fund your financial needs with on benefits loan today without stressing over bad credit history or slashed income.
YES, WE DO NOT MAKE ANY FAKE PROMISES. We help redefine possibilities to grab safe and affordable finance. Grab the right amount at the right moment.
Here are some more reasons to check on us for instant loans on benefits:
Hopefully, now you have got hands over with the purposes and application to get loans on benefits. If you share some more queries regarding the same, you can check some popular ones here:
Yes, you are well eligible to get our loans on benefits. We specially offer these loans because a vast section of jobless individuals have been struggling to get a loan on benefits, mainly from traditional lenders. Here, online lenders like 1oneFinance will come in front to assist you. We are already prepared to approve your application for loans for people on benefits. Come and apply now.
You are living on benefits after losing your full-time job. Still, you have plenty of options to borrow money with ease. One of them is an unsecured loan. This short-term loan does not need assets to secure the borrowed sum. Another option is a payday loan, where approval is still there despite no job. Apart from these, you can also opt for our Christmas loans on benefits for festive occasions.
It can be a good idea if you are getting unemployment or disability benefits in the form of funds. Only in this situation can you use these benefits to make loan repayments. Otherwise, you can opt for specialised unemployed loans or unsecured loans. In these loans, too, you can get approval on benefits, but you will get only an affordable amount to borrow.
No, our loans are separate from the benefits that you receive. You will get the amount credited after applying and getting approval. You get the loan the same day.
There are other things that you can do apart from providing proof of benefits to get the loan:
Figure out your financial circumstances and decide whether you can manage the repayments. If yes, reveal the repayment potential. You may get the loan.
Although we only provide loans For people on benefits, you may apply for universal credit. The amount you may receive will be lower than what you can get on benefits.
It is especially true if you are employed and share an excellent income bracket.
The best part about loans for people on benefits is- YOU DO NOT NEED A GUARANTOR. Yes, you may get a loan with no guarantor and a stable financial profile.
These only base your income on benefits proof as a ticket to qualify. Hence, you can walk free from getting a guarantor or discussing financials when you least want to.
Paying a lower amount of loan within 3,6-and 18-month periods is always advisable. It would not only help you clear the loan quickly and save on interest costs. But if your finances are unstable and you have not found a stable job, you can choose a flexible repayment structure, like 60 months. Otherwise, avoid delaying the loan repayments and closure if your finances abide.
No more struggles to your finances! It’s time to enjoy stability.
Amount of Borrowing
£25,000 over 5 YearsA Variable Representative of
11.8% APRMonthly Repayment Amount
£553.59 for 60 MonthsBorrowers must be UK residents and aged 18 or over. Credit limits and interest rates vary based on your individual circumstances.
Keep in mind: Late repayment can cause you serious money problems.
For help, go to moneyadviceservice.org.uk