To make and application for a Budgeting Loan You will need to complete a Budgeting Loan form, this form is called a SF500 and can be either downloaded from the DWP website or from the forms section of this site.
The application for for a budgeting loan is 9 pages long and you will need to complete the entire form to be coinsidered for a budgeting loan. Once you have completed the form you will need to ensure that you sign it and date it before sending itback to the Benefit centre that manages your area, alternatively you can drop it off at the jobcentre who will post the form to the section dealing with loans for youre area via internal mail.
The entire process takes around 30 days from you posting the form to your application being decided and payment being issued if you are accepeted for a loan and there is enough money left in the Budget.
Here our our top 5 tips on making that application process go as smoothly as possible.
- Complete the form as fully as possible
- Make sure that the form is readable
- Apply for permitted items
- post your application back via 1st class post
- call to ensure that your budgeting loan form has been received