£1500 Loan
Are you looking for a £1,500 loan? Lending Stream is a well-known direct lender that could help you with the £1,500 you need. We consider applications on an individual basis including from people with a bad credit history.
Representative Example: Given a Representative APR of 1271%, if you borrow £300 over 6 months at 292% p.a. (fixed), you would owe 6 equal repayments of £96.39. You will repay £578.36 in total.
Not all applications will be approved for a loan. An offer of credit is subject to status and affordability checks.
Why choose Lending Stream for a £1,500 loan?
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Direct Lender
Lending Stream is a FCA authorised and regulated direct lender, offering short-term loans without any hidden fees.
No early repayment fees
Repay in 6 monthly instalments. We don’t charge for early repayment.
Fast
Apply online 24/7 with decisions in seconds. If approved, cash is sent to your bank in 90 seconds.*
What are £1,500 loans?
£1,500 loans can be short term, unsecured personal loans. They are commonly used to cover unexpected expenses like emergency repairs. A £1,500 same day loan can provide the funds you need.
£1,500 isn’t a small amount, though, so it’s important to only borrow what you can afford to repay. You should make sure you have a plan in place to repay the loan on time.
Borrowing £1,500 over six-months can be a convenient and affordable option. It can be a good balance between a payday loan where you have to pay back in one payment, or having a loan that you pay for over a year.
Can we lend you more than £1,500?
How do I check if I’m eligible for a £1,500 loan?
If you want to borrow a £1500 loan with Lending Stream, you must:
- Have a valid debit card.
- Have an active bank account.
- Be a UK resident.
- Be at least 18 years old.
- Be in regular employment with a monthly income of at least £400
You will be asked about your income and outgoings to demonstrate you can afford the monthly repayments on top of any other financial obligations.
Representative 1271%APR
How can I apply for a £1,500 loan with Lending Stream?
With Lending Stream, you can apply for a £1500 loan with bad credit. While we are not a £1500 loan bad credit direct lender, we will consider your application. If you’ve used us before, we may consider giving you a £1500 loan even with a bad credit rating. To apply for a £1500 loan with us, you need to complete our online application form. Just tell us:
- How much you want to borrow with us.
- A few personal details.
- Your employment, salary, expenses and banking details.
Once we have received your application, we will carry out a credit and affordability check. If approved, we will transfer the loan to your bank within 90 seconds. It may take longer to reach your account depending on your bank’s processes.
Representative 1271%APR
How long do you have to pay back your £1,500 loan?
With Lending Stream, you have 6 months to pay back your £1,500 loan. But if you want to repay your loan sooner, you can!
You can repay your loan as early as you want to, without paying any early repayment fees. Our loans are charged at a daily interest rate, so if you repay early, you’ll save money.
What if my £1,500 loan application is rejected?
We never guarantee your £1500 loan application will be approved. But we do consider many different factors when you apply with us. One factor will be how you’ve repaid other loans from us.
Sometimes, credit reference agencies give us information that leads to us declining your loan application. If this happens, we’ll let you know the name of the credit reference agency by email. You can then check your credit file with them if you want to.
What are the advantages of £1,500 loans?
Fast Cash: If you have any unexpected financial emergency, a £1500 short term loan can give you a quick access to the money you need.
No Collateral Required: When you apply for a £1500 loan with us, it’ll be an unsecured loan. So you won’t have to risk your house, car or any other assets. You can apply for a £1500 loan with no guarantor needed.
You May Be Eligible for a £1500 Loan with Bad Credit: As a responsible lender, your credit score is important to us. However, we do understand that your credit score does not fully reflect your current financial situation. We’ll look at other factors as well, including how you’ve repaid our loans in the past.
Repay in Affordable Amounts: If you take out a £1500 loan with Lending Stream, we’ll give you 6 months to pay back. Unlike a payday loan you don’t have to pay it all back in one go. Repay in 6 monthly payments.
Representative 1271%APR
What are the disadvantages of a £1,500 loan?
The more you borrow the more you’ll need to repay. If you need to borrow a £1500 loan, make sure you understand how much the total cost will be.
Our £1500 loan has a higher interest rate than a high street bank. Make sure you’ve considered all your options before you choose to borrow money.
FAQs – 1500 Pound Loans
Can I get a £1,500 loan if I have a bad credit score?
We’ll consider your application if you have a poor credit history. But we cannot guarantee your loan application will be approved. We believe that everyone deserves a fair chance of borrowing, but we won’t lend if our checks indicate you can’t afford it.
Can I get a £1,500 loan with no guarantor?
Yes, you can apply for a loan with us without a guarantor. As a responsible lender, we always run a credit check. But we also consider many different factors when you apply with us. This includes how you’ve repaid previous loans with us. (If you haven’t taken one out with us before, you can only apply for a loan between £50 and £800.)
What is the typical interest rate on a £1,500 loan?
With Lending Stream, you can get a £1500 loan at Representative 1271% APR.
What are the consequences of missing a payment on a £1,500 loan?
If you do miss a payment, we will apply a late payment fee to your account. We will never charge you more than £12 in late fees over the lifetime of your loan. If you are having financial problems and struggle to repay your loan, please contact us as soon as possible. We will work with you to try and find a solution. More information can be found here