Universal Credit Application - 2025

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Universal Credit is one of a handful of lenders that offers personal loans for bad credit. If your FICO credit score is at least 560, you may be eligible for a Universal Credit personal loan. It offers loan amounts up to $50,000, repayment terms up to seven years, and discounts for direct pay and autopay.
Universal Credit is paid monthly. How much you get depends on: your standard allowance. any extra amounts that apply to you.
From 13 May 2024 the Administrative Earnings Threshold (AET) went up for individuals and couples. For individual claimants, the AET is 892 per assessment period. Additionally, if youre in a couple, the combined couples AET is 1,437 per assessment period.
Youll usually get one monthly payment to cover your living costs. If you claim Universal Credit as a couple, you and your partner will get one payment between the 2 of you. The payment is made up of a basic standard allowance and extra payments that might apply to you depending on your circumstances.
Standard allowance How much youll getMonthly standard allowance If youre single and under 25 311.68 If youre single and 25 or over 393.45 If you live with your partner and youre both under 25 489.23 (for you both) If you live with your partner and either of you are 25 or over 617.60 (for you both)
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live in the UK. be aged 18 or over (there are some exceptions if youre 16 to 17) be under State Pension age. have 16,000 or less in money, savings and investments.
Universal Credit Standard Allowance There is one standard allowance for your household: Single claimant aged under 25: 311.68 per month. Single claimant aged 25 or over: 393.45 per month. Joint claimants both aged under 25: 489.23 per month.

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