Budgeting Loan Number


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A budgeting loan is a Government-issued personal loan to help settle unexpected expenses not covered by allotted benefits. The DWP (Department of Work and Pensions) budgeting loan number is 0843 455 2351. This is the number to call when you need a Budgeting loan.

How Does a Budgeting Loan Work?

The UK has comprehensive benefit systems structured to support low-income earners in their day-to-day expenses. However, there may arise financial constraints occasioned by emergencies and unexpected expenses. Budgeting loans help to take care of these gaps.

  • A Budgeting Loan can help you to pay for:
    • Moving expenses
    • Furniture, clothing, and household equipment
    • Renovation costs, including maintenance and security improvements on your home
    • Traveling expenses due to job relocation
    • Funeral or maternity expenses

Call the Budgeting Loan Contact Number

The interest-free government loans have a repayment period of 104 days (barring exceptional cases) from the date of issue. The minimum you can ask is £100, and the maximum issued depends on factors such as marital status and whether you have children.

If you are single, the maximum budgeting loan amount you’re eligible for is £384 and £464 if you’re married. You will get £812 if you have children. You may get more money depending on your savings and your history with social fund loans.

Suppose you wish to apply for a budgeting loan from the DWP. Start by calling 0843 455 2351 for information. Typically the process entails filling form the SF500 form. The latter can be downloaded online. You can also walk into your nearest Jobcentre Plus location to request the said form.

Budgeting Loan Applicant Requirements

You must meet specific requirements to qualify for the UK budgeting loan. For starters, you must be a receiver of UK benefits. Further, the DWP requires that applicants must have been receiving these benefits for at least six weeks before the application.

Apart from the Income Support requirement, factors such as the amount of savings and ability to repay the loan will determine your eligibility to get the loan. The general rule is that applicants cannot owe more than £1,500 in crisis loans or budgeting loans.

  • Other applicants that qualify for budgeting loans include:
    • Those receiving income-based job seeker support
    • Those on income-related employment support
    • Applicants receiving pension credit
    • Applicants that are moving from Universal to Pension Credit

DWP Budgeting Loan Application Process

If you meet these stipulations, you can apply for the budgeting loan by filling the SF500 form. Download the form and print it by clicking here. You can also phone DWP using the earlier stated budgeting loan number to ask them to send a form to your address. It may take seven working days to arrive. The form delivered from the Social Fund will have a pre-addressed envelope. After filling the form, mail the loan form to the given address on the envelope.

Finally, another option is visiting your nearest local Jobcentre Plus to complete your application there. Whether online or offline, the application entails providing your details such as name and insurance number and the types of benefits you are currently receiving.

The applicant must also disclose the purpose of the loan. The intended use for the loan must fall within the qualifying use cases under the program, including travel expenses, home maintenance, maternity expenses, and advance rent and moving expenses, furniture, and home appliances. Debts accrued from any of these items also qualify you for the budgeting loan.

Budgeting Loan Duration

The waiting period following a budgeting loan application starts the moment they receive it. Online applicants may be able to know whether they have qualified for the loan in 15 days. After a loan processing period that typically takes 11 days, the money is deposited into your bank or building society account.

Multiple Budgeting Loans

You can get another budgeting loan on top of your current one. Even so, the DWP has strict guidelines for multiple budgeting loans. They’ll evaluate your circumstances and the outstanding balances you have.

It is always a question of how fast you can repay after you borrow. There is no maximum set limit for these kinds of loans and frequency of eligibility, just as the amount you can borrow is determined on a case-by-case basis.

You might not qualify for a new budgeting loan if you have many outstanding loans. Suppose you borrowed $348 as a single person and paid it off fast in the next few months. In that case, you will have no restrictions applying for a second loan of the same amounts.

If you require multiple budgeting loans within a year, the Department for Work and Pensions (DWP) must be able to ascertain your ability to handle the repayments. Before you decide to apply for multiple DWP budgeting loans, please consider non-repayment options such as:

    • Local Welfare Assistance
    • Funeral Payment
    • Sure Start Maternity Grant or Best Start Grant

Repaying budgeting loan Repayment

It is essential to remember that budgeting loans are not grants but loans that you will need to pay back within the predefined period. The primary advantage of budgeting loans is that, unlike commercial loans, they do not accrue interest. Nonetheless, they represent a financial obligation, a debt that needs repaying.

For that matter, don’t take a budgeting loan unless you have to. Before applying for a Budget Loan, explore the non-repayment financial support options earlier listed. You can also consider ways to postpone your current expenses, such as travel and relocation, or reduce your household budget in line with your income.

If neither grants nor budget cuts are appropriate for your urgent financial situation, consider applying for the Budget Loans. This financial support program is designed to help you out of such financial dilemmas.

If you cannot repay your Budget Loan in time, please contact DWP as soon as possible. They’ll work out a manageable repayment plan.

Budgeting Loan Contact Number

The DWP budgeting loan contact number is 0843 455 2351 .

Budgeting loan Addresses: Where to Send the SF500 Form

Upon completion of the SF500 form, you can mail it to the relevant Freepost address below.

Freepost DWP BUDGETING LOANS – For applicants in London, North East, North West England, and the South and South East.

Freepost DWP BUDGETING LOANS 1 – Applicants in West South West England, Midlands, and Scotland.

Freepost DWP BUDGETING LOANS 2 – Applicants East Midlands, East Anglia, and Essex Yorkshire and Humberside.