Loans for people on benefits
Even if you are on benefits you can still apply for a loan. Get an instant decision with no fees and no credit checks.^
Representative 49.7% APR. Warning: Late repayment can cause serious money problems. For help, please visit the Moneyhelper website.
We are an authorised credit broker and not a lender.
Representative 49.7% APR
Representative Example: Rates from 43.1% APR to 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £1,200 borrowed for up to 75 days. Total amount repayable is: £1506. Interest charged is 0.34% per day, amounting to £306, annual interest rate of 124% (variable). Representative APR: 49.7% (variable).
Lendability is a credit broker and not a lender. High cost short term credit is unsuitable to support sustained borrowing over long periods and would be expensive as a means of longer term borrowing
Loans for people on benefits
Even if you are between jobs and receiving state benefits, you could still be able to secure a loan with Lendability.
Some of our lenders are able to consider loan applications from those on benefits, although your choice of lenders will be greatly reduced.
If your only source of income is benefits, you should consider whether taking on a high cost loan could potentially make your current financial situation worse in the long run.
You can apply now for an instant decision and we will do our best to match you with a suitable lender.
How it works
We have worked hard to make the loan application process as simple as possible to ensure you get your loan when you need it.
APPLY ONLINE
This application is 100% safe and secure, your data is encrypted. Applying with Lendability will not affect your credit score.^
CHECK OFFERS
Wait for your loan results and check the loan terms and conditions. You must ensure it is affordable before accepting any offer.
GET FUNDS
Once you have signed your loan documents and the lender has made their final checks, your loan will be sent to your bank account.
Loans for people on benefits
Will lenders really lend to me if I am on benefits?
Yes it is certainly possible, all loan applications are reviewed based on credit scores and affordability.
I have very bad credit, can I apply?
Yes you can, applying with Lendability will not harm your credit score so there is no risk in finding out if a lender is able to help you.
What time of day can I apply?
We accept loan applications 24 hours a day, 7 days per week.
Where can I get financial help?
If you need financial help, we recommend speaking with Stepchange or your local Citizens Advice Bureau.
Ready to apply for a loan?
Guides & Articles
Take a look at a selection of our most popular guides and articles about personal finance and the loans that we offer.
^Lendability will not perform a credit check, lenders may complete a soft check when considering your application for a loan. If you accept a loan offer, the lender will perform a hard search which may be recorded on your credit report. Not all lenders are able to make same day payments and this may also depend on your bank.
Lendability does not charge its customers for using its credit broking services but we may receive a commission from lenders or other brokers if a customer accepts any credit related offer or enters a credit agreement through this website.
Lendability is a trading name of Warwick Financial Services Limited, a company registered in England and Wales with company number 09011092. Registered office: 4th Floor, 18 St Cross Street, London, EC1N 8UN. FCA Licence number 622839. ICO registration number ZA101793.