Loan applications while on benefits
We understand that sometimes you need a little help for unexpected occurrences, perhaps for a new boiler or washing machine, and even on benefits, you may still be able to get a bad credit loan to cover what you need. The important thing is that you can afford to repay your loan.
There are many different kinds of benefits and different reasons for receiving them, and you may find that you can apply and be accepted for a loan.
Our lenders look at different criteria when assessing if someone will be offered a loan, and your circumstances are unique to you, so it’s worth a check to see if you are eligible.
When you apply, we’ll do a soft credit search that won’t harm your credit file, and you could find yourself with money in the bank the same day!
With Cobra Payday Loans, we’ll do our best to help you, and you can apply for any amount between £100 and £5000. You can choose to pay it off quickly, over 1 to 3 months, or opt for a longer repayment term of up to 36 months.
Will my loan be approved?
The only way to know for sure is by applying. It’s free, and it takes just seconds to find out if one of our lenders will approve your loan. And our application process uses a soft check that doesn’t damage your credit rating. A hard credit check will only be done if you decide to go ahead with one of our lenders.
Ready to apply?
Borrow from £100 to £5000
How it works
It’s easy to apply. There’s very little difference in the application between someone on benefits or someone with a regular income from employment. We like to make things straightforward for our customers, and we know you need your money quickly, so we have made the application as quick and easy as possible.
Ready to Apply?
All you need to do is fill out a short and simple form with your details, and then we’ll search our database of lenders to see what your loan options are.
If you’ve been accepted, you’ll be redirected directly to the direct lender that is willing to lend to you. Simply complete your loan application on their site, and you’ll have the funds in no time!