All you are required to do is to follow the process as described below:
- Decide on the amount that you need to borrow, from £100 to £5000
- Agree your repayment schedule with your lender to ensure that the amount is paid back on time. Loan terms are usually for 31 days or until your next payday, whichever comes first. Some lenders on our panel may make you an offer with flexible installments over a period of 1 to 3, 6, 9 or 12 months. However, our direct lenders loans for people on benefits or disability payday loans are meant for people who just need money until their next DSS amount or payday.
Can You on Benefits Access Payday Loans on Benefits UK?
In order to acquire cash with Payday Loans on Benefits UK, you must:
- Be at least 18 years of age.
- Be a resident of the UK.
- You need to valid active bank account
- You need to have with few savings of at least £500 in your checking account
- You need to be living on DSS benefits from at least 6 months
- Have benefits from the department of social security.
Income from DSS Benefits that Payday Loans on Benefits will accept as income enlisted below:
- Disability Benefit
- Disability Living Allowance
- Severe Disablement Benefit
- Disability Working Allowance
- Industrial Injuries Disablement Benefit
- Family allowance (verification not required)
- Family tax credit/working tax credit
- Income from fostering can be used.
- Tax Credits may also be included where it forms part of the applicant’s net pay
Payday Loans on Benefits that lenders are questionable to consider as income source described below:
- Housing Benefit
- Income Support
- Child Support Payments
- Job Seekers’ Allowance
- Pension Credits
What Are the Benefits of Loans for People On Benefits?
- Fast Online Application Form– it only takes a 3 minutes to fill out the application form
- Decision in Minutes – you will receive a decision on your loan online within just a few moments
- Cash could be with your today – if your loans approved then the cash could be with you the same day, subject to lender approval times.
Apply for Loans for People on Benefits through Loans Profit
Are you incapable to earn livelihood on your own due to being physically or mentally disabled? Are you living on the benefits of DSS? Facing financial deficiency and want to grab immediate cash help to meet emergency needs? In order to solve this critical situation, Loans Profit prove to be the best. Loans for benefits on benefits can be just the thing you need to get your personal finances for the month back into order. There’s no worse feeling than being stuck with a shortage of cash mid-month with an essential bill that needs to be paid and payday being too far away. This is where benefits of payday loans can help you. They are so named because the money is transferred from the lender to your bank account and you can draw the money out using your debit card. So you have to have both a valid debit card and bank account in order to apply.