There are two types of loans available for people claiming certain means-tested benefits.
People on Universal Credit who take out a Budgeting Advance of up to £812 to pay for an unexpected emergency now have 24 months to repay the full amount they borrow from the Department for Work and Pensions .
For older claimants who have moved from Universal Credit to Pension Credit, the DWP will add the time they were getting Universal Credit to the six months. It is important to be aware that because it is a loan, the money must be paid back and is done so through benefit payments. If you can get a loan, the DWP will also tell you how much your weekly repayments will be from your benefits and if you accept, your weekly repayments from your benefit will start straight away.
But it’s worth noting if you requested a decision by email or text message, you will get this within seven days. If you asked for a decision by letter, it will be sent within 21 days.
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