The cost of living crisis is continuing to place an immense amount of pressure on people's personal finances. If you're struggling financially before your next payday, a Budgeting Loan can help you pay for some essential goods, including rent in advance, clothing, and maternity.
While those currently claiming Universal Credit are not eligible for the loan, if you moved from Universal Credit to Pension Credit, then the time you spent claiming the latter benefit will count towards the six months requirement. Your eligibility may also be damaged if you are already paying back an existing Budgeting Loan or Crisis Loan.
However, you could get as much as £812 if you or your partner claim Child Benefit. If you're single and don't claim Child Benefit, the maximum you could get would be £348 which increases to £464 if you have a partner.