£500 Loans

You should consider borrowing 500 pounds when you need to pay a bill or unexpected cost that your current funds can’t cover. Before taking a loan, you should try other ways to come up with money, whether that be selling old things you don’t use anymore, taking up more shifts or ask-ing to borrow from a trusted friend or family member. However, if you take out a loan for £500, we recommend that you only take out the amount you need. Applying for higher amounts can mean you pay more interest and be making repayments longer than you’d like.

You can use the money for anything you like, from bills to paying off holidays or other costs and any unexpected emergencies. As long as you’re confident that you can repay the chosen period, you can use your £500 for whatever you need. While you can use it to pay back other payday loans, we don’t recommend this as it could worsen your financial situation. If you need help with your finances or debt, speak to a free, impartial expert such as Stepchange.

There is no magic number, as those with high or low credit scores can get a loan for 500 pound. While those with a poor credit may find it harder to get accepted, we offer £500 loans for bad credit and will take your overall financial situation and ability to make repayments into account. The repayment period and your credit score will also affect the interest rates, so if you have a lower score, you may find you pay higher interest.

No, the Financial Conduct Authority demands that all loan providers conduct credit checks. So, if a lender is offering you a £500 loan with no credit check, they aren’t a regulated lender, and we recommend that you do not use them. If you are worried about being credit checked due to a low credit score, don’t worry; you can still borrow £500 with bad credit.

Our Representative APR is 89.9% (Variable). If you have a low credit score, you may pay a higher interest rate, as you could be seen as a riskier borrower.

No, our no-fee £500 loans show you the full costs, including interest, before you sign your loan agreement. We don’t charge any hidden fees as we feel it’s important for you to have full transparency of your loan. With a no-obligation quote and no fees in the application, you might be charged late payment fees if you don’t pay back your 500-pound loan on time.

When applying for your loan, you can customise the repayment period to fit your circumstances. From as small as 3 months to 36 months, you can pay your instant £500 loan on your time. And you can always make early repayments with no extra fees so you could repay your loan the next month if you wanted to. Just note that the interest you pay will reflect your chosen repayment period.

Yes, if you need to take out higher loans, you can. When applying for a loan, you can select the amount you need and the repayment period, and our lenders offer loans in higher amounts than £500. For example, we provide loans up to £5,000, however, it’s essential you only apply for a loan in the amount you need. Applying for a higher amount of money could lead to higher interest rates and financial strain later if you find that you struggle to keep up with repayments.

You can apply online today and get £500 cash in your account on the same day. With an easy application and instant decision, our instant £500 loans can be yours immediately after approval.

Applying for a £500 loan is simple and easy; you must apply online and complete our application. Since we are a loan introducer, we will pass your application on to our panel of lenders who offer £500 loans. From there, our panel will do a soft search, and when you’re accepted, you can have your loan the same day#. It’s as easy as that.