Budgeting Loan

Jay_1987

I am currently on ESA WRAG and was looking in to a budgeting loan. I applied and received a budgeting loan going back a few years back and remember it took quite some time for the application to go through, and get accepted. When investigating I see you can now get your decision via text or email. I was just wondering if anyone had applied recently and how long it took for the money to come through? I also can’t remember how much my fortnightly repayments were? Does anyone know how much you usually pay back fortnight off of your benefit? 

Thank you.

poppy12345

The quickest way to apply now is online. Last time i applied was the beginning of the year. I applied and had a text 2 days later telling me that they can offer me the loan. About an hour later i had another text saying that my loan would be in the bank 5 days later, which it was. From applying to being in my bank it was 7 days, which included a weekend. About £11 a week is what i pay back.

If you applied any other way then obviously it will take longer.

Jay_1987

poppy12345 said:

The quickest way to apply now is online. Last time i applied was the beginning of the year. I applied and had a text 2 days later telling me that they can offer me the loan. About an hour later i had another text saying that my loan would be in the bank 5 days later, which it was. From applying to being in my bank it was 7 days, which included a weekend. About £11 a week is what i pay back.

If you applied any other way then obviously it will take longer.

Fantastic. Thank you so much for the info.

Robbie64

Link for applying online:

https://www.gov.uk/budgeting-help-benefits/how-to-apply