I Need £500 Now. Can I Get a £500 Loan Today?
Yes, by taking a 500-pound loan, you can clear credit card debt if you have any, for medical emergencies, start a new venture, improve your credit history by taking a small, short-term loan and repaying it back on time, and more. All your emergency financial needs can be fulfilled quickly and easily by applying for the short-term loan.
You can apply for the 500-pound loan with no upfront fees from us. You need to be 18 years or older, should be living in the UK, own a bank account, and must have a job for you to apply for a loan from us.
After applying, you will get your funds as per the lender you have applied for. Usually, we can help you get your funds within the same day.
Can I Apply for £500 Loans with Bad Credit?
You are eligible to apply for a £500 loan even with a poor credit score. We can fetch you different lenders all over the UK, and there should be some lenders who are ready to offer you a £500 loan even with a bad credit score.
Even if the lender is okay with offering a loan with bad credit, you will have to have an income and all your essential expenses listed out to the lender. The amount you want to borrow also plays a major role in whether you will be able to get the loan or not. If the lender is satisfied that you can repay the borrowed amount on time, you will most definitely clear out for the loan.
Is It Possible to Get £500 Loans with No Credit Check?
If you are wondering whether you can apply for a small loan of £500 without submitting any documents or with your credit history not being checked, you can surely not get a loan. It is not possible.
Legally, before a lender funds a borrower, the lender will have to check your entire credit history as it is a definite step in the process and cannot be skipped. So, only after getting your credit checked can you proceed with the further application process. It is important for your creditworthiness to be good for higher chances of your loan being approved by the lender.
Settle Financial Emergencies with a £500 Loan
In order for you to qualify for a 500-pound loan, it would be great if you followed these steps for your funds to reach you faster.
Make a list of your Financial Requirements
It is important to make and maintain a list of your financial needs before you apply for a 500 pound loan. A £500 loan would help you solve all your temporary cash problems. Before applying for a £500 loan, make sure whether it will be adequate or should you go for a higher amount. Knowing your financial requirements will also help you know whether you can repay the borrowed amount on time.
Apply for a 500-pound loan
With PaydayLoansUK, we can link you up with the best direct lenders in the UK for you to apply for a loan. Applying for a loan is as simple as three steps; first and foremost, fill out the application form online with the accurate details.
Secondly, we will fetch you lenders according to your filled-out form along with all offers such as APR, rate of interest, loan terms, flexibility, etc. If you do like and accept the offer, the lender will approve your loan as quickly as possible.
Finally, when the lender decides to give you the funds and finalises it, your money should be put in your bank account as quickly as the next day after it is finalised.
Want to Get a Loan?
Representative Example: Rates from 43.1% APR to 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £1,200 borrowed for up to 75 days. Total amount repayable is: £1506. Interest charged is 0.34% per day, amounting to £306, annual interest rate of 124% (variable). Representative APR: 49.7% (variable).
Take Care of Your Financial Concerns with the Funds
As the funds are not restricted, be wise and use the loans for emergencies, such as paying bills, vehicle repairs, etc., and not on unwanted expenses.
All of your debt repayments must be met
Make sure you always repay your monthly debts on time, or else it will result in damage to your credit score and also an addition of late fees. Repaying your amount on time can also be advantageous as it will improve your creditworthiness.
How to Compare the £500 Loans?
Before you choose a £500 loan, make sure you compare the loans on the basis of various factors such as:
Rate of Interest
The rate of interest is generally represented as an Annual Percentage Rate (APR). APR are calculations for the money you want to borrow and also the closing loan costs. It is important to look out for interest rates as you should be able to afford and repay it back in time.
Plans for Repayment
From the starting of your a 500 pound loan to your last payment, this window is called the repayment period. Calculate and analyse the entire repayment amount and go for the loan if you can afford it. As repayment plays an important role as it helps you to improve your creditworthiness, it decreases your credit score and adds in late fees if you don’t repay the amount in time.
Overall borrowing costs
Check your overall borrowing cost that is along with the money you borrow, the rate of interest, origination fees, administrative expenses and other costs that are included along with the loan. And if you are prepared and can repay the entire cost of the loan, apply for one.
How Does Payday Loans UK Compare?
|Why Use Us?|
|What is the maximum amount I can borrow?||Up to £5000||Instant approval|
|Will I be considered if I have bad credit?||Yes||Bad Credit Considered|
|Interest rates (variable)||49.7%||Zero paperwork|
|Loan repayment terms||1-36 months||Flexible repayment|
|Will I be credit checked?||Yes||Will perform credit checks as for financial regulations|
|How do I apply?||Apply online||Simple application form|
Check Eligibility for £500 Loans
To be eligible for a £500 Loan from us, you should be a UK citizen, you should be 18 years or older, you should have a bank account as your funds will be deposited into your bank account by the lender, and you must have a job with stable salary because only then you repay the loan back and the lender will approve your application.
Can I Get a £500 Loan Today?
Yes, just like same day loans, as soon as you apply for a loan with our lenders, they will be approved very quickly, mostly on the very same day.
Can I Obtain a £500 Loan with Bad Credit?
Yes. You can take out a £500 loan for bad credit regardless of your less-than-stellar credit score. Rather than your credit file, then look more into your income and employment status to gauge your affordability.
How Soon Can I Obtain the Loan?
Usually, the funding period depends on the lender you choose, but with us, it is mostly the same day as you apply for the loan. Your money will be deposited into your bank account as quickly as possible.
What Information Should I Provide?
You should provide your bank account details, contact details (phone number and mail ID), monthly expenses with the prices such as rents, existing loans, etc., your address history and your income.