Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).

If You Are On Benefits You Can Still Get a Loan

Life is filled with many financial challenges. Sometimes everyone can use a little help. We may eventually come to find ourselves on support or benefit programmes, and even then, be looking for additional funding opportunities. But how does receiving regular monthly benefits affect your ability to get a loan?

If you are seeking loans on benefits, Omacl.co.uk will be the best place for you to be able to shop safely, quickly, and be able to zero-in on the best deals. We are not a direct funder but instead we partner with the best direct funders offering short-term financing, and we broker their services to you. Just complete our simple online application, and you will instantly access the best possible deals.

Being on a benefits programme will not hinder your ability to apply for short-term financing here at Omacl.co.uk. We specialise in securing loans from £100 – £5,000 repayable on 1 month to 36-month terms. These deals apply to everyone, regardless of whether or not you are on benefits…however, it is important to understand how receiving benefits might impact your borrowing abilities and the deals you are presented.

How much would you like?

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Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable). 

In most cases, a lender is not concerned with you being on benefits or not, but rather they are concerned with your ability to pay back the loan. So some benefits programmes are seen as income while some are not, and this is a crucial distinction to understand.

At Omacl.co.uk, our lending partners are typically not looking at individual programmes you are on and specific amounts being received, but more how they affect your monthly income as a whole. It is not unusual for a person to be on multiple support programmes, and these are usually seen as a lump sum of income before expenditures.

Some of the UK benefit programmes currently viewed this way and seen as income will include:

  • Universal credit
  • Child benefit
  • Child tax credit
  • Incapacity benefit
  • Employment and support allowance
  • Working tax credit
  • Disability Living Allowance (DLA)
  • Personal independence payments
  • Severe disablement allowance

Do note that this is not an exhaustive list, and new options are rebranded, added and removed all the time. But these give you a solid idea of what the lenders will see and be bundling with your other sources of monthly income to determine what your full borrowing capacity is. In this regard, receiving money from these benefits will directly impact your loan application process.

How Does Omacl Compare?

Why Use Us?
How much can I borrow?
Up to £5,000
No hidden fees
Chance of getting approved?
Good
High approval
What are the repayment terms?
1 - 36 Months
No paperwork.
How do I apply?
Apply Online
2 min Application
Do I need to pay back a lump sum?
No
Easy repayments

Benefits Seen as Non-income

There are other relief programmes in the UK that lenders will not see as income, so they do not tend to have as direct an impact on your application process for short-term financing. These will include

  • Job seeker’s allowance
  • Pension credits
  • Housing benefit
  • Income support

If you are receiving any of these benefits it is not seen as an additional source of monthly income, however, it may have an impact on the amount you can borrow as well as the terms or the conditions of your short-term loan. Be sure to understand the full details of any loan offer you are considering.

How It Works

At Omacl.co.uk, we operate with full transparency for your safety. We are brokers of loans offered by direct funders, so with completing one simple online application here, you are immediately in front of dozens of financial providers eager to earn and keep your trust. It can be as easy as 1-2-3:

  1. Fill out our online form – we keep it simple, so this should only take a few minutes to complete. Being on benefits will not impact your application process at all. No mountain of paperwork needed to qualify, just a few quick questions and you’re off!
  2. Review your offers – we perform a “soft pull” on your submitted information to help verify your identity – this will not have a negative impact on your credit rating. Our lenders review your application and once qualified, will extend an offer to you – this all happens in minutes, not the days or weeks a bank loan requires. Note that based on your specifics, the offer extended to you by our partners may not be exactly the same as the amount and term you requested, and you are under no obligation to accept any offer.
  3. Accept, and get paid – if you agree with the terms and conditions of our partners’ loan offer, you can accept it and have the money in your account within hours. There is never any obligation to accept any offer extended by our partners, nor will you have to wait to collect the money.

Because it is convenient and is not directly impacted by receiving benefits, many of our customers will return for multiple loans over time. It is quick, simple money when you need it, and can be used alongside most any benefit package you are already receiving.

In addition, our short-term loans have no designated use, so you are free to spend the proceeds however you choose. This flexibility allows our customers to handle emergencies or settle bills when things get tight, it always seems to come in handy. Try one of our short-term loans, and you will find it is the money you need to get through a tough time right when you need it the most desperately.

Can I qualify for a loan on benefits?

We can still get you approved for a loan even if you are on benefits. To get started, just fill in the application form here.

Will the loan payments be deducted from my benefits?

No. A lender will treat your benefits as income during their affordability checks. The loan will be paid do you and you will be responsible for making repayments.

Omacl on the FCA Register

Omacl is a registered trading name of Chojin Ltd and is authorised and regulated by the Financial Conduct Authority (FCA). You can view our registration status via reference number 732880.

Free Financial Advice

If you are struggling with debt or are unable to make your loan repayments, please visit the websites below. All of them offer free, impartial advice.


Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.