Guidance

Eligible Loan Deduction Scheme

Guidance for lenders on applying to the Department for Work and Pensions (DWP) to recover loans from benefits paid to claimants.

• From: Department for Work and Pensions
• Published: 20 September 2013
• Last updated: 2 September 2022 — See all updates

Documents

Eligible Loan Deduction Scheme

HTML

Application to join the Eligible Loan Deduction Scheme

PDF, 148 KB, 4 pages

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Application to join the Eligible Loan Deduction Scheme

RTF, 359 KB

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Evidence required for the Eligible Loan Deduction Scheme

HTML

Specimen memorandum of understanding between DWP and lenders

PDF, 235 KB, 9 pages

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Specimen memorandum of understanding between DWP and lenders

RTF, 10.8 MB

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Eligible Loan Deduction Scheme referral form

PDF, 129 KB, 1 page

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Eligible Loan Deduction Scheme referral form

RTF, 1.25 MB

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email accessible.formats@dwp.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

How to notify DWP of any changes for the Eligible Loan Deduction Scheme

HTML

Details

The Eligible Loan Deduction Scheme supports the expansion of affordable credit to people on low incomes by allowing DWP to recover loans from benefits.

This guidance explains how the scheme works and how lenders can apply to join the scheme.

Published 20 September 2013
Last updated 2 September 2022 + show all updates

1. 2 September 2022

   Updated PDF and RTF version forms: Application to join the Eligible Loan Deduction Scheme, Specimen memorandum of understanding between DWP and lenders and Eligible Loan Deduction Scheme referral form and added an email address for ELDS requests in 'How to notify DWP of any changes for the Eligible Loan Deduction Scheme'.

2. 7 July 2020

   Updated guidance because deductions from benefits through the Eligible Loan Deduction Scheme that were temporarily stopped because of coronavirus, are starting again.

3. 7 April 2020

   Deductions from benefits through the Eligible Loan Deduction Scheme have been paused because of coronavirus (COVID-19).

4. 20 September 2013

   First published.