Depending upon the conditions and circumstances in which citizens live, the Government offers certain benefits to the citizen to help them live a suitable life with atleast the availability of basic human facilities. The benefits are usually in the form of financial help and the conditions may be disability, low income, no job etc. There are lenders who consider such benefits as income based on which they offer loans to people who get such benefits. The Government offers financial help called, benefits to specific groups of people, including students, parents, care leavers and young people etc. For example, Disability Living Allowance is a tax-free benefit for people aged under 65 who need help getting around and/or to look after themselves because they are ill, terminally ill or severely disabled. Similarly, Attendance Allowance is a tax-free benefit for people aged 65 or over who have an illness or disability and need help with personal care. Similarly, Carer?s Allowance is a taxable benefit paid to informal carers of people. You do not have to be related to, or live with, the person. The person you care for could be a friend, relative or neighbour. In addition the above, there are mmore categories of benefits given to citizens. At time, these benefits in the form of financial help are not sufficient to cover any extra or sudden expenses. But now there are few lenders who offer loans to people living on benefits. Such lenders consider the benefits in the form of financial help as income and so offer the loan for people on benefits. Loans for retired: Loan Amount and Cost The loan amount actually given to you depends on various factors and varies from borrower to borrower. Lenders consider various aspects of borrower?s profile to decide the eligibility of the borrowers. These aspects may include the amount of financial help you are getting, your age, your health condition, income from saving, income from investments etc. Similarly, the cost of loan i.e. interest rate to be charged by the borrower also depend upon borrower?s profile and risk associated with each individual borrower. Therefore, loan amount and interest to be charged by the lender depend upon the profile of the borrower. Once you apply for a loan for retired people, you can get in principle decision within a day. You have to produce copies of your pension statements and other documents showing your income, if any from other sources, while applying for loan for people on benefit. So, lenders evaluate the following factors before offering loans for people on benefit are: Age Amount of benefit Any other income such as disability benefit, income from savings and investments The monthly payment you can easily make. Repayment period