£500 Loans

Learn more about £500 loans below.

Speedy payment

Small loans can be sent today.

No obligation quote

Instant quote with a soft search and no fees.

1000's of people helped

Over 7500+ no-obligation quotes processed daily!

When a life emergency such as a car repair or boiler breakdown happens, we cross our fingers (and toes) and hope that it won’t cost too much. But sometimes, these emergencies can cost a lot of money and you may find yourself needing to borrow £500 or more for these repairs. For some people that can be a real strain on their finances.

At Sunny, you can apply for a loan in value anywhere from £100 to £2,500 to much larger amounts, giving you the freedom to apply only for the amount you really need. For a £500 loan, your repayment term can be from three to thirty-six months but it can be structured in a way that suits you. You can usually even pay back the entire sum at once when you have been paid – and save money on interest for doing so.

Can I Get A £500 Loan Today?

Yes, you can get a 500 pound loan today. With Sunny, you can apply online today, and we will pass your application on to a range of direct lenders. From there, they run a soft check, which doesn’t affect your credit score, and provide an instant decision. If you are accepted, your £500 loan from the direct lender can be in your bank account the same day#. With instant £500 loans from Sunny, you can get your finances back on track.

Eligibility For a £500 Loan

To apply for any loan or credit product, you’ll need to tick a few boxes before you are considered eligible. Sunny, for example, looks for some of the following criteria:

  • You must be 18 years old or over
  • You must have a regular income
  • You must be a UK resident and have a permanent address

You must agree to a credit and affordability check We also ask that you have a valid email address and are able to supply proof of your address for the past three years. With all these things, lenders can review your application and come back with an instant decision regarding your £500 loan.

Can I get a £500 loan with bad credit?

Yes, you can find £500 loans for bad credit. Our broker partners understand that every situation is unique and offer bad credit loans for any amount for those from all walks of life and financial backgrounds. When you apply for an instant £500 loan at Sunny, you can see how likely you are to be approved without impacting your credit score, as well as any interest. While having poor credit can raise the interest rate, you won’t be declined from getting a loan for £500.

How a £500 loan through Sunny can help

These loans are designed for emergencies but we also believe in offering you a great experience on top. Here are just three reasons why Sunny could be the right company for you:

Lenders can have your £500 transferred to you in no time. They will deposit the money straight into your account on the same day# of approval.

We don’t charge fees, so you don’t need to worry about finding the funds for extra charges that some lenders or brokers ask for.

Lenders offer flexible repayment terms so you can repay your loan at a time that suits you.

More information on £500 loans

£500 loans are a good solution in an emergency, if you need financial support before payday. They are transferred directly into your bank account, resulting in little to no delays when it comes to sorting out that unexpected expense.

A £500 loan can help cover expenses such as having to replace a washing machine or paying to fix damage to your car. You can use your money to get the fix sorted quickly, then make repayments once payday rolls around.

These loans ensure you don’t fall behind on other important expenses, such as bills and direct debits, while also helping in an emergency. What you borrow is paid back in manageable instalments, but we also encourage customers to repay their loans early if they can and save on interest by doing so.

£500 Loan FAQs

Looking for more information on our £500 loans? We’ve answered some common questions regarding applying for emergency cash and making the right choice for you.

  • 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 broker partners who have £500 loan direct lenders. 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.

Apply for a £500 loan online today

A £500 loan can be a good option in an emergency and if you feel confident that this amount is right for your situation you can apply online today for an instant decision. If you have any queries about the application process, get in touch with our team.

A lender eligibility check will assess whether you meet their lending criteria. Even if you are eligible, they may still require proof of ID and/or proof of income before they approve the loan.

Apply Now!

Looking for more information?

Take a look at our guides, featuring tailored information for a variety of urgent money situations. Whether you have bad credit and need a loan or are looking for a payday loan to tide you over until your wages land, click on the links below to find out more about these.

Loan Guides

Representative 89% APR

Representative Example: Borrowing: £1000 for 18 months, Total Repayable: £1853.43, Total Interest: £853.43, Interest Rate (Variable): 89.9%. Rates between 9.3% APR and 1721% APR – your no-obligation quote and APR will be based on your personal circumstances. Loan term lengths from 3 to 36 months. Subject to lender’s requirements and approval.

Sunny Loans is a registered trading name of Upward Finance Limited, who is an introducer appointed representative of Flux Funding Limited, who is a credit broker, not a lender. Loan repayment terms are 3-36 month loans.

Warning: Late repayment can cause you serious money problems. For help, go to www.moneyhelper.org.uk.