You can be employed or self-employed, or retired and in receipt of a pension.

If you are self-employed you will need to have been so for a minimum of 12 months and to prove your income by providing bank statements. Also, an SA302 or audited accounts. We will also accept some type of benefits.

At TFS Loans we don’t take Job Seekers Allowance (or ESA) into account when working out how affordable a loan is for one of our customers. Job Seekers Allowance is given by the Government to fund basic living such as food and accommodation, so it is not appropriate to include this when considering whether to give a Guarantor Loan.

We do take into account Disability Living Allowance, Personal Income Payment, Child Benefit, Child Tax Credits, Working Tax Credits, Universal Credits (as long as we receive a breakdown), Pension Tax Credits, Attendance Allowance and Carers allowance.

Please note, this list isn’t exhaustive and is constantly being reviewed. Please call us if you wish to check what is and is not included, on 0203 476 4170.