Universal Credit: How to apply for an emergency loan during the holiday season | Personal Finances | Finance


It has been a difficult year for many Britons as the COVID-19 pandemic has left many unemployed and struggling to make ends meet amid rising costs of living.

To make matters worse, thousands of people are behind in paying their rent according to Crisis, a charity for the homeless.

Activists are calling on the government to do more to help households struggling to pay their bills or put food on the table.

However, people applying for universal credit for the first time may not be aware that there is help available in the form of a universal credit advance or a DWP budget loan.

READ MORE: Tolerance as 500,000 UK pensioners hit by state pension freeze

The smallest amount people can borrow is £ 100, but they can get up to £ 800 depending on their situation.

The borrowed money will have to be repaid over two years and deductions will automatically be taken from the monthly benefit payments.

Benefit seekers can often get financial assistance for other things as well.

These added benefits can often save low income people hundreds or thousands of pounds.

The easiest way to apply for a loan is online through your coach or employment counselor.

Universal Credit applicants can leave a note in their journal.

However, people can also call the helpline on 0800 328 5644.


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