Warning: Late repayment can cause you serious money problems. For help moneyhelper.org.uk | Representative APR 89.9%
Warning: Late repayment can cause you serious money problems. For help moneyhelper.org.uk

£1,500 Loan

Below you’ll find all you need to know about £1,500 payday loans.

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An emergency cost can feel like a major setback if you have no savings or other means of covering the expense. Loans for £1,500 are great to help cover major emergencies or help cover your back if you need help with paying any fees. However, while borrowing £1,500 may help you deal with the expense, it’s important to bear in mind that you’ll still need to pay back the full amount plus interest on a monthly basis once payday comes around.

At Sunny Loans, we offer access to £1,500 loans from a range of direct lenders with instant decisions, you could even have your £1500 loan in your account the same day. Whether you have good credit or a low credit score, we help customers receive the £1,500 emergency loan they need. We also offer repayment periods of 3 to 36 months, making paying it back more manageable. However, before applying, we’ve taken a look at what to consider when researching a loan for this amount.

Eligibility For A £1,500 Loan

Different lenders have different eligibility requirements, but most lenders require you to meet these criteria before you apply for a £1,500 payday loan:

  • Be at least 18 years old or above.
  • Be a UK resident.
  • Not be bankrupt or otherwise insolvent.
  • Have a regular income of £500 or more.
  • Provide details of your addresses for the last three years, as well as your bank account and debit card information.
  • Have an email address and mobile phone that you can be contacted on.

It’s worth noting that meeting these requirements doesn’t guarantee that you will be accepted for a £1,500 loan as approval of all applications is subject to a credit and affordability assessment.

Can I Get A £1,500 Loan For Bad Credit?

Yes, you still can get a loan for £1,500 with bad credit. Direct lenders will run credit checks to make sure you can repay responsibly, however, other factors as also looked into. Here at Sunny, we understand everyone’s situation is unique and we offer access to bad credit loans to those in need of help. It’s just worth noting that your credit score may impact the rate of interest on your £1,500 loan. While it’s still possible to apply for and obtain a loan, you might struggle with larger amounts. If you are struggling to get accepted, check out our helpful guide on improving your credit score.

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.

Can I Get A Loan For £1,500 Today?

Yes, as with any other payday loan, you can borrow £1,500 today before you next get paid. With Sunny, you can apply online, and we will pass your application to a range of £1,500 loan direct lenders. From there they run a soft check, which won’t harm your credit score, and provide an instant decision. If you are accepted, your £1,500 payday loan can be in your bank account the same day.

£1,500 Loan FAQs

When it comes to understanding and making a decision on borrowing £1,500 we’ve answered the most asked questions about this loan type.

  • You might need a loan for £1,500 for many different reasons, but ultimately how you use the loan is up to you. You may need to cover the cost of unexpected bills, emergency fees or unplanned purchases outside of your payday budget. Or even help to tide you over until the next payday, whatever the reason, a £1,500 payday loan may feel like a good solution because you can receive the cash you need fast.

  • It’s very important to weigh up your options before taking on a loan for a large amount, , such as £1,500. Ask yourself these questions:

    • Can I put off the expense until payday?
    • Can I find the cash elsewhere first, such as from a savings account or borrowing from family and friends?
    • Are there any fees or charges to consider on top of the cost of the loan?
    • Can I afford the repayments?

    You also need to make sure that it’s the right amount for you, as borrowing more than you need will result in higher repayments. We offer access to a wide range of loans by value so you can borrow less or more if you need to. Our lenders offer loans from small amounts such as £100 all the way up to £3,000. Just keep in mind that the amount you borrow and the time frame you repay it all affect the interest rate.

  • Because the amount for £1,500 loans is larger we offer flexible repayment periods to suit your circumstances. Just note that the chosen repayment period  affects the interest rates on your £1,500 loan. For lower interest rates, you can apply for 3-month loans as well as 6-month loans. Or you can apply for 12-month loans to pay back the amount over the year. The maximum time frame to pay off your loan for £1,500 is 36 months, so you can personalise the repayment period to fit your needs.

  • You can get a loan for £1,500 via Sunny. While we aren’t a direct lender, our broker partner works with a panel of lenders who offer £1,500 loans that you can use for whatever you need. Just apply online with our  easy-to-use application and we will pass it on to our panel, and if accepted you could have your money the very same day.

How Sunny Can Help You

Not only do we offer access to short-term loans of £1,500 with manageable repayments, they also come with a range of benefits some other companies don’t offer. Take a look at these below.

You will receive an instant decision from a panel of lenders

We do not charge any application or admin fees

Our broker partner works with a market-leading panel of lenders so even if you have been declined elsewhere, we would still be able to help.

Apply For A £1,500 Loan Online

At Sunny, we offer access to loans for £1,500 for bad credit and those with good credit scores to help you cover any unexpected or emergency costs. Apply online today and borrow £1,500 with instant decisions, no fees and easy-to-manage repayment periods. If you’re accepted, you could have your £1,500 payday loan in your bank account the same day.

Apply now

Looking for alternative lending options?  

Want to know more about short-term lending? Take a look at our in-depth guides below for more information and what to consider before applying.

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