A budgeting loan is a loan that the government provides to the citizens for a wide range of services and goods. If you earn a low wager but need some money for important cause then the government can help you out with a budgeting loan. No interest will be charged on the amount. But you need to pay back the amount to the social fund within the agreed time period.
Are you eligible?
To avail the budget loan there are certain perks that you need to meet up to. You or your partner must have availed at least one or more of the below for at least the 180 days.
- Any support of income
- Any allowance for the jobseeker that is income based
- Employment related income and support allowance
- Credit based on pension
If the applicant has just moved from universal credit to pension credit, then he or she needs …