£300 Loan
Are you looking for a £300 loan? You’re in the right place. We know unexpected financial emergencies happen. With Lending Stream you can apply from £50 to £800 if you are a new user and from £100 to £1500 if you are an existing customer. If approved, we’ll send the cash to your bank in 90 seconds*. We are a regulated direct lender.
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 £300 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 £300 loans?
A £300 loan is designed to help you with unexpected expenses, like fixing a broken washing machine, car repair, or other urgent small financial difficulties. Sometimes, a few hundred pounds can make a major difference. Typically
offered by direct lenders, these loans are often accessible to people with bad credit.
With flexible repayment terms and straightforward processes, a 300 pound loan can act as a short term financial support and provide a convenient way to handle unexpected financial situations. Some people refer to small loans like this as a same day loan or a short term loan.
How to check eligibility for a £300 loan with Lending Stream?
You can check the eligibility criteria for a £300 loan with Lending Stream, you need to:
- Be a UK resident.
- Have an active bank account.
- Have a valid debit card.
- Be at least 18 years old.
- Be in regular employment with a monthly income of at least £400.
During our application process, we might ask you to show proof of your income. As a responsible lender, we do this to ensure that you can comfortably afford the loan repayments.
Representative 1271%APR
How to apply for a £300 loan with Lending Stream?
If you’re looking for a 300 pound loan, Lending Stream is here to help. Our loan application process only takes a few minutes to complete. To apply with us, you need to fill in our online application form. We’ll ask you to tell us:
- Some personal details.
- The amount which you want to borrow with us.
- Your employment, salary, expenses, and banking details.
Once we receive your application, we’ll run a credit check and affordability check. This is to make sure you can comfortably afford the repayments. If approved, we’ll send the money to your bank within 90 seconds*.
Representative 1271%APR
Can you only borrow a £300 loan with lending stream?
How long have you got to pay your £300 loan back?
With Lending Stream, you’ve got 6 months to pay back your £300 loan. The monthly instalment repayments are designed to fit your financial situation, ensuring you can make your repayments comfortably on top of your other financial commitments.
You can repay as early as you want with no extra fees. And because our loans are charged at a daily interest rate, you’ll save money if you repay early. You’ll only pay interest until the day of the final repayment.
What if my £300 loan application is rejected?
At Lending Stream, we never guarantee whether your application will be approved or not. If you’re looking for a £300 loan “no credit check” direct lender, we may not be right for you, as we do check your credit score. We look at a number of factors when you apply for a loan with us.
Your application may be declined, even if you were accepted for a loan with us in the past. Our customer service representatives won’t have access to information about credit decisions. So, they won’t be able to tell why you weren’t approved.
If your application is rejected based on the information, we receive from one of the credit reference agencies then we’ll let you know the name of the credit reference agency by email. You can check your credit file with them directly.
Advantages of a £300 loan
1. Fast cash
If you have an unexpected financial problem, a £300 loan can give you quick access to the money you need.
2. No collateral required
When you apply for a 300 pound loan, you don’t have to risk any possessions. We won’t ask for collateral such as your house, cars, or any other assets.
2. You may be eligible for a £300 loan with bad credit
We will never pretend that your credit score isn’t important for us. But we do understand that your credit score doesn’t fully reflect your current situation. So, we also look at other information about your income and outgoings. This is why we consider offering loans for bad credit.
4. Repay in affordable amounts
If you take out a £300 loan with Lending Stream, we’ll give you 6 months to pay back. Unlike some payday loans, you don’t have to pay it all back in one go.
Disadvantage of a £300 loan
Lenders who offer short term loans for £300 will usually have a higher interest rate than a high street bank.
1. Is a 300 pounds loan what you need? Think carefully if this is the right amount to borrow to meet your needs.
FAQs – 300 pound loan
Will a 300 pound loan affect my credit file?
A 300 pound loan can impact your credit file positively or negatively. Making monthly repayments on time can improve your credit score. However, missed payments or late repayments may harm your credit report. At Lending Stream, we provide clear terms to help you manage repayments responsibly and avoid financial issues.
Can I borrow a loan of 300 today?
Yes, you can apply for a £300 loan today with Lending Stream. We are faster than most traditional banks when it comes to giving a decision. If approved, we’ll send the approved loan amount directly to your bank account. We consider people with bad or poor credit history.
What if I’m having financial problems?
If you have a loan with us and are facing financial difficulties, contact us immediately. We’re here to support you and help you by providing solutions considering your personal circumstances. Ignoring your loan repayments can lead to additional costs and impact your credit profile, resulting in a low credit rating.