What is a Crisis Loan?

Banking and Borrowing

John Fitzsimons
Updated on 23 April 2013 | 3 Comments

Crisis Loans were offered to help cover costs following an emergency or disaster but they have now been abolished.

Crisis loans were abolished on 1st April. You may be able to get alternative help from the Government's Social Fund, either via a budgeting loan or from your local council. Contact your local Jobcentre Plus for more information.

More on loans

What is a Budgeting Loan?

Ten alternatives to payday loans

Three ways to get an interest-free loan

The cheapest way to borrow a grand

How to get a loan when the bank says no

Comments

Be the first to comment

Do you want to comment on this article? You need to be signed in for this feature

loveMONEY.com is a company registered in England & Wales (Company Number: 7406028) with its registered address at First Floor Ridgeland House, 15 Carfax, Horsham, West Sussex, RH12 1DY, United Kingdom.

Our company maintains relationships with various affiliates and lenders, which we may promote within our editorial content in emails and on featured partner pages through affiliate links. Please note, that we may receive commission payments from some of the product and service providers featured on our website. In line with Consumer Duty regulations, we assess our partners to ensure they offer fair value, are transparent, and cater to the needs of all customers, including vulnerable groups. We continuously review our practices to ensure compliance with these standards.

While we make every effort to ensure the accuracy and currency of our editorial content, users should independently verify information with their chosen product or service provider. This can be done by reviewing the product landing page information and the terms and conditions associated with the product. If you are uncertain whether a product is suitable, we strongly recommend seeking advice from a regulated independent financial advisor before applying for the products.