Borrow from £100 to £25,000
- Apply For £ 50 - £ 1,000
- Fast Payout
- No Fees
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- Available 24/7
- Bad Credit
Whole of Market panel
Trusted panel of lenders
From £1,000 to £25,000
Rates from 5.7% to 278%
3-36 month repayment
Borrow up to £3,000
Rates from 278% to 1576%
3-12 month repayment
Representative Example: Cash price £7,500. Deposit £0.00. Total amount of credit £7,500.00.
60 monthly repayments of £137.22 Total charge for credit £733.20. Total amount payable £8,233.20. Interest rate 3.8% fixed. 3.8%APR Representative.
We are a Credit Broker and not a Lender
Get 500 loans now with 3 superb options
If you need a 500 loan now, there are many ways in which you can secure the amount of money that you are looking for. Family and friends are obvious choices. You can also pawn one of your items like a jewellery or a gadget perhaps. But if both options are simply out of the equation, there are lenders that you can turn to in the UK today that will satisfy your need for funding. What’s more, the lenders providing 500 loans are in abundance and many of them can be reached online. There are also several loan options that you can consider 3 of the most popular include:
1.) Payday loans
With payday loans, you can take out a 500 loan now and pay it back in your next payday in one single lump sum. Typically, the interest rate for a £100 payday loan would be £24, although you can get cheaper rates with the right lender. If you are a first-time borrower, you can borrower anywhere from £80 to £500 and as much as £1,000 if you are a repeat customer.
The 500 loans are processed online which means you can enjoy funding quicker and easier as long as you meet the basic requirements. Bad credit applicants are also welcome to apply and even those without credit histories can be approved as long as the lender sees that their income is enough to afford the loan and its repayments.
2.) Small personal loans
If you want a 500 loan now and pay it back for longer periods of time, then personal loans are the ideal options. The small loan gives you more time to repay the full amount that you owe your lender – from 3 months to a full year – and will provide you with a monthly payment that won’t put too much stress on your monthly budget. And with a longer repayment period, it would be easier for you to plan a budget that would allow you to cover your essential expenses and the monthly repayments of your loan all at the same time.
But because the repayment period is longer, it could be more expensive than a traditional payday loan since you will be incurring numerous interest rate payments. While the interest rate might be lower than those offered by payday loans, the longer loan period can mean an increase in the overall costs. The advantage, however, is that there is a small chance that you will miss out on your payments and incur penalties and charges for late payments since the monthly loan repayments are generally small.
3.) Guarantor Loans
If you have bad credit and a small personal loan is difficult to obtain because of it, you can get a 500 loan now with a guarantor loan. A guarantor is typically a family member or a close friend/ relative and can help you secure the funding that you need by guaranteeing that the loan repayments will be met if you are unable to. Guarantor loans also provide large amounts of loans for flexible repayment periods that are often tailored to your needs and present circumstances. The guarantor, however, must meet certain eligibility criteria like possessing a good credit standing and a steady source of income to be accepted.
What if I can’t keep up my repayments?
If you can’t keep up with your repayments you must contact your moneylender immediately and advise your struggling with the monthly installments some companies will adjust your monthly installments to reflect what you can afford to pay back on a monthly basis please note that this can also extend your term of the agreement and probably the amount of interest that you end up paying back. You’re never advised to just stop paying your agreement as this may result in interest being charged on the agreement and missed payments showing on your file this could make obtaining further down the line a lot more difficult.
What do i do next?
Next is the fun bit you need to click on the apply button and fill out our simple online form designed to make sure the whole application as smooth and pain free as possible. The whole application process from start to finished shouldnt take you longer that 3 minutes its as simple as you can get.
*Subject to lender approval and requirements.
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Hi There My Names Martin! I’m a huge sports fan fancy myself as the next Lionel Messi.. Ive been writing for the last ten years mainly in the financial niche.