Welcome to VeryMerryLoans.com, we can help you borrow £100 - £2,000 from 3 - 12 months.

Loans for 3 - 12 months.

Short, simple and fast application process.

Decisions in minutes.

How much you need today?

When can you repay this loan?

1 Months

Borrowing: £1000

Representative APR: 1192%

Repayment By: 5.1.2016

Interest: £58.68


Total Repayment: £1058.68

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Rates from 35.9% APR to max 1304% APR. Minimum Loan Length is 3 months. Maximum Loan Length is 12 months. Representative Example: £250 borrowed for 3 months. Total amount repayable is £411.63 in 3 monthly instalments of £137.21. Interest charged is £161.63, annual interest rate of 292% (fixed). Representative 1192% APR (variable). We are a free licensed credit broker, not a lender.

Payday Loans For People On Benefits


There's a common misconception that just because you're on benefits means that you aren't eligible for payday loans, but there's a growing number of lenders who are able to help you if you're in this position.

Just because you're currently on benefits shouldn't mean that you can't access to financial help when you need it and payday loans for people on benefits are now more popular than ever before.

Let's take a look at some of the eligibility criteria for payday loans for people on benefits and how you can apply for finance today.

Am I Eligible For A Payday Loan If I'm On Benefits?

Whenever a lender makes an assessment of a loan application, their biggest focus is on whether you are able to repay the amount borrowed on time and without putting you in greater financial difficulties.

Whilst being employed and having a certain level of income is an important factor, there are number of other eligibility criteria that can help to improve your chances if you're on benefits, including:

  • Being a full time UK resident
  • Having a bank account with a debit card attached
  • Being at least 18 years of age
  • Having a registered address on the electoral register
  • Showing that you have a good track record of managing credit in the past

Of course, there are many other areas that will also play a part in the lender's decision when it comes to payday loans for people on benefits, so if you've had issues getting credit elsewhere then all is not lost.

Many of the lenders at Very Merry Loans specialise in helping those with bad credit, so just because you've been turned down with someone else doesn't mean that others won't be able to approve your application.

How Can I Apply For Payday Loans For People On Benefits?

For an instant decision on the best payday loans UK wide, you'll need to start by completing a comparison right here at Very Merry Loans. We'll match your circumstances with lenders who can meet your borrowing needs and are most likely to approve your individual circumstances.

Once you've selected a lender and completed the final assessment details, you'll receive an instant online decision and, if accepted, can often have funds transferred directly into your personal bank account within just 24 hours.

Start your journey to a great rate on your next loan by using Very Merry Loans free of charge today and discover a range of lenders who are ready to say yes.

Very Merry Example

Loan Amount: £300
Loan Term: 3 months
Interest: £193.96
Total Repayable: £493.96 Apply

Representative APR: 1192%. (variable)
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.