Is A £600 Loan A Good Choice?
Are you in a fix and need money to settle an unexpected expense such as home repair, unplanned car maintenance, or medical bill? A £600 loan is what you need.
Our £600 loan is a short-term loan that is easy to secure, requires no collateral, and you can get it the very next business working day if your application gets approved.
The best part is that a bad credit score will not limit your chances of securing a loan from us. And it won’t hurt your credit score in any way.
What Are the Criteria to Secure a £600 Loan From Us?
First, we require you to have a stable source of income - this assures us you will pay back the loan. Also, we expect you to provide authentic information about your finances in the loan application form. We don’t tolerate any form of lies.
In addition to that, you must be 18 years and above, have an active bank account and be a UK citizen to qualify for a loan.
Can Applicants With Bad Credit Scores Get a £600 Loan?
A bad credit score can undermine your chances of getting a load. However, it shouldn't stop you from applying because we consider loan applicants of all kinds of credit histories.
PaydayLoansUK understands that a bad credit score doesn’t necessarily make you a bad borrower. Often, circumstances beyond your control can make your credit score dip.
So, we encourage you to apply regardless of your credit score. We only need you to prove that you can pay back the loan. For this, we will have to access your monthly income and expenses.
How Can You Apply for a £600 Loan?
Keep in mind that we are a broker, not a lender - our job is to connect you to potential lenders.
Here are the steps to apply for a £600 loan with us.
- Fill out our application form: We will need you to provide us with your data by filling out our application form. It takes less than 3 minutes to complete. Once we receive your application, we will send it to our network of lenders.
- Loan approval: Potential lenders will review your application. They will send you an offer detailing the interest, loan length, terms, and conditions if they take an interest. All you have to do is accept the offer that suits you best.
- Get the cash: After you accept the offer, we will deposit the cash into your account the next business working day.
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).
For How Long Should I Repay the Loan?
Since we are not the ones lending you the loan, the lender will specify the loan length.
While some lenders will expect you to pay back in a week or less, others can wait for a month - or even more - for you to pay back. We encourage you to pay back the loan as soon as you can.
Can I Benefit From Using a Broker?
One of the major benefits of working with a broker is accessing multiple loan offers from different lenders without putting in multiple applications.
We only work with vetted, reputable lenders, so you don’t have to worry about anything.
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|
If I Am On Benefits, Can I Still Get Approved For A 600 Pound Loan?
Yes. We offer loans for people on benefits. You can get approved for a 600 pound loan easily.
Do I Need A Guarantor For Applying For The 600 Pound Loans?
You don’t need to have a guarantor nor provide collateral to apply for the loan.
What Should I Do If I Can't Afford The Payment?
It is important to communicate with your lender early if you feel you won’t be able to repay the loan by the due date. Failure to do this will come with some fees and penalties, and this is dependent on the lender.