Budgeting Loan 0870 280 2509

Dial the Budgeting Loan contact number to speak to the Budgeting Loan customer service about your loan.

 

Budgeting Loan Contact Number:
0870 280 2509

 

Budgeting Loans are offered as part of the UK Social Fund, offering funds for intermittent needs to those who qualify for Jobseeker’s Allowance or Income Support. If you need to speak with someone about a loan, Budgeting Loan number 0870 280 2509 can be used to connect with an agent. The discretionary social fund was established in 2013, by way of legislation that was included in the Welfare Reform Act 2012. There are several reasons as to why one may need to apply for a loan, but these funds are intended for assistance in paying for essentials.

Budgeting Loan Contact Number for General Information

For general information, or to start the loan application process, call 0870 280 2509. The primary condition for loan approval is that you have been receiving income-related benefits for a period of at least 26-weeks. The smallest loan amount offered is £100, and all loans must be repaid within 104 weeks. Repayment comes directly out of the benefits that you receive, so if you for some reason cease to receive benefits, the borrowed funds must be repaid anyway. Loans are offered for the purchase of essentials, such as clothing, hire purchase costs, and costs associated with moving home.

Budgeting Loan Phone Number for Limit Information

The loan amount is determined by several things, and whether or not you will be able to pay the loan back is one of them. The amount of savings that you have (if any) will also be a determining factor. If you owe more than £1,500 in total to the Social Fund, you will not qualify for this type of loan. The maximum loan amounts that you may qualify for are as follows:

-Single – £348

-Couples – £464

-Have Children – £812

Any funds that are received will be paid in your bank account. Note that funds cannot be transferred on a bank holiday. If you have any questions about limits and qualifications, call the Budgeting Loan hotline at 0870 280 2509.2

Social Fund Loan Eligibility Requirements

As mentioned above, in order to be considered for a loan, you must have been receiving benefits for a period of no less than 26-weeks. This could be in the form of Income Support, Income-based Jobseeker’s Allowance, Income-related Employment and Support Allowance, or Pension Credit. You will need to be actively receiving benefits at the time your loan application is processed in order to be considered for approval. If you receive Universal Credit, you cannot apply, but can apply for a budgeting advance instead.

All loans are intended to be used for essential expenses such as:

  • Furniture
  • Clothing
  • Rent
  • Home Costs
  • Maternity Costs
  • Funeral Costs
  • Job Search Expenses
  • Moving Home
  • And More

Budgeting Loan Number for Loan Applications

In order to apply for a loan, form SF500 will need to be filled out and submitted. This form can be downloaded from the following website: https://www.gov.uk/budgeting-loans. Applications take up to 15 business days to process, and updates are available if you provide your mobile number. Applications are also available at Jobcentre Plus locations, and you can request that one be sent to you via post. Call 0870 280 2509 to request that one be mailed to you. Applications can be turned in at Jobcentre Plus locations as well, but note that this method makes the application approval processing time longer.

Budgeting Loan Contact for Appeals

If you are denied a loan, it is possible to appeal the decision. Upon denial, you will need to ask for the decision to be reviewed by writing to Jobcentre Plus within 28 days of the date that you received the decision. In this communication, you will need to explain why you feel that you should have been approved. If the review decision is the same and you wish to push the issue further, it is possible to request an additional review from the Independent Case Examiner. For questions related to the review and appeals process, dial Budgeting Loan contact number 0870 280 2509.

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