Everyday Loans for Everyday Life



Loans for people on benefits – How could they help you?


Even if you’re acquiring benefits, investing in an additional loan could help you to pay for a number of necessities. Such essentials may include the likes of clothes, food and furniture.

Am I entitled to a loan?

If you’ve been on the receiving end of benefits for at least 26 weeks, you’re entitled to apply for a loan and such a loan won’t affect your remunerations. How much you’re entitled to will depend on a number of factors including whether you have children, your marital status, your reliability when it comes to paying the loan back, your credit history and any savings you may have in place.


To qualify for a loan, you may already be receiving the likes of income support, income-based jobseeker’s allowance, pension credit or income-related employment and support allowance.

How do I receive my loan?

The loans are generally paid into an existing bank account, just as a salary is paid into an account. You can then use this money to pay for a variety of everyday essentials

What a loan will help you to achieve

Although benefits can be a great help, sometimes there just isn’t enough to get by; especially when met by unforeseen expenses.

A loan will help you to pay for the likes of rent, maternity or funeral expenses, the repayment of other debts such as a credit cards or store cards and improvements to the home.

Other areas may include education costs (especially if you’re training for a new career), travel expenses, household equipment, clothing and rent.


Despite acquiring a loan, it’s still important to stick to a budget, especially if you wish to repay this loan back in full by a specific date. Only buy what you really need and never use the loan to splurge on unnecessary items.

With a sensible budgeting system in place, you may lose track of your spending, which could leave you with little money to spend on the items you really need.

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Andrew Wayland
Marketing Director at Everyday Loans
Andrew Wayland is a financial marketing expert and helped set up Everyday Loans back in 2006. Prior to his position as Head of Marketing for Everyday Loans he worked as the Head of Commercial Development for a tech start up and ran his own PR agency for around 5 years. LinkedIn: https://www.linkedin.com/in/andrew-wayland-9018074