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What do lenders mean by budget plan?

Usually, the lender will ask you to give them a breakdown of your monthly finances, some call this a budget plan.

  • They ask you to do this so that they can make sure this is the right loan for you and affordable.
  • So will ask you to write down your income and outgoings.
  • This will show them if the loan payments are affordable alongside your other financial commitments.

Responsible Lending

  • Our lenders do this as part of their commitments to you and being a responsible lender.
  • We only work with lenders who meet their responsible lending obligations.

Fill out a budget

Before you apply, we suggest you fill out the Citizens Advice Bureau’s Budget Sheet which highlights some of the things that you will need to think about.


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