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Can I get a loan if I am on benefits?

Wanting to give as many people the best chance of getting a loan as possible, new types of very specific loans have been introduced. One such type is loans for people on benefits. These loans are of course specialised, and therefore to be considered for one of these loans you must meet certain criteria regarding what benefits you are on and how much you want to borrow etc. Therefore, if you are considering short-term loan, you must check with the lenders to ensure you are eligible. Eliminating this time-consuming search, we can quickly get you a decision on your application and hopefully find a suitable loan for people on benefits.

With so many lenders in our database; all of which specialise in helping people who traditionally struggle to be approved for a loan, we are confident that we can help you find the right short-term loan for you, as long as you have the ability to make the repayments. As such, whether you want your loan paid to you in cash, or are a student looking to borrow a small amount of money, we will not only help you find the best loans being offered, but our Eligibility Checker even allows you to see if you are eligible for a loan, before you apply.

Why Choose Xav Loans?

Adaptable loans from friendly people

Flexible Instalments
Over 3-24 months
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Borrow up to £2,500
No fees
No initial credit check**
No paperwork
Cash in 10 minutes*
All credit histories considered
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Not sure if you’ll be accepted? Try our Eligibility Check

Are loans for people on benefits expensive?

When considering loans for those on benefits, there are things that you must consider before you apply. One of these is of course how much they cost. In the past, money lenders would often not consider applications from people receiving benefits. Furthermore, those that did offer same day loans to people on benefits often attached very unfavourable interest rates – making them unsuitable for many.

However, modern, same day short-term loans are now much more affordable. This means if you are on benefits and need money fast, we can help you get one offering competitive repayment rates. This is because we will only recommend lenders that are authorised and regulated by the FCA. This means that all the loans we will show you are constantly monitored for their fairness and competitiveness. This allows you to know that the loans you are comparing are some of the best being offered on the market.

Wanting to help everyone get equal access to loans when they are needed, and wanting to ensure you are not charged excessive rates simply because you need to borrow money, we are very careful in the direct lenders we select. That is why the lenders on our database all specialise in providing loans to people who traditionally struggle to get money due to a variety of reasons. Please note not all types of benefits will be accepted.

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Eligibility Check