£500 Loan
Are you looking for a £500 loan? You’re in the right place. With Lending Stream you can apply for a 500 pound loan today and get cash to your bank in 90 seconds of approval.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Representative 1333% APR
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Very easy to apply
Very easy to apply, couldn’t have been more simpler to be honest and the money was in my account in less than a minute 10/10
Leona, 18 November 2023
Poor credit rating no problem
Quick and easy to apply
Kim, 25 November 2023
Why choose Lending Stream for £500 loans?
Fast
Cash sent to your bank in less than 90 seconds, once approved.
Convenient
24/7 simple & online application. Instant decision. Direct lender since 2008.
Affordable
Repay over 6 months. Pay off early with no extra fees and save on interest.
Trusted
Rated excellent on Trustpilot & 99% recommend us on Reviews.co.uk.
What are £500 loans?
A 500 pound loan can help you with unexpected expenses, your short term finances, or if you need little extra money to pay off some bills. A few hundred pounds can definitely make a difference if you’re facing short term financial difficulties.
With Lending Stream, you can apply for a £500 loan right now (in fact, you can apply for £50-£1500) and if approved, the cash will be sent to your bank within 90 seconds.
Our £500 Loans can also be referred as short term loans or same day loans.
How much can you borrow with us?
If it’s the first time you’re applying for a loan with us, you can not only borrow £500 but can borrow up to £800 if you are eligible.
If you’ve had a loan from us before and kept up with all your monthly repayments, you can apply for up to £1500.
How do I check if I’m eligible for a £500 loan?
To apply for a £500 loan with Lending Stream, you must have a valid debit card, an active bank account, and be:
A UK resident
At least 18 year old
Be a UK resident
In regular employment with a monthly income of at least £400
During the application process, you may also need to show that you have a regular income and can afford the repayments on top of your existing financial commitments. In some cases, these details may need to be verified (although this will be done discreetly).
How can I apply for a £500 loan?
Lending Stream being a £500 loan direct lender gives you an easy way to apply for our 500 pound loan. Just follow through the application step by step, giving us the following information:
- Choose how much you want to borrow
- Fill in your personal details
- Provide us with your employment and banking details
And after a couple of credit and affordability checks, we’ll be able to tell you if we can give you a loan.
How long have you got to pay your £500 loan back?
With Lending Stream, you’ve got 6 months to pay back what you borrow.
If you want to repay your loan sooner, then that’s fine too! You can repay as early as you want with no extra prepayment fees. Our loans are charged at a daily interest rate, and you’ll save money if you repay early. In fact, many of our customers repay their loan in 3-4 months.
What if my £500 loan application is rejected?
We never guarantee if your application will be approved or not. We look at many different factors when you apply for a £500 loan.
We don’t want you to borrow money that you can’t afford to pay back.
If the information we receive from a credit reference agency is a factor in denying your 500 pound loan application, then we’ll let you know the name of the credit reference agency by email. You can check your credit file with them if you wish.
What are the advantages of £500 loans?
Fast cash: If you have any unexpected expense or financial problem then a 500 pound loan can give you quick access to the money you need.
No collateral required: When you apply for a £500 loan, you don’t have to mortgage your house, cars, or any other assets.
You may be eligible for a £500 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 which is why we even consider giving bad credit loans.
Repay in affordable amounts: If you take out a £500 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.
What are the disadvantages of £500 loans?
- Short-term loans for £500 will usually have a higher interest rate than a traditional high street bank.
- Is a 500 pounds loan what you need? Think carefully if this is the right amount to borrow to meet your needs.
FAQs – 500 pound loans
Will a 500 pound loan affect my credit file?
To help with our lending decision, we’ll check your credit file when you apply. This will leave a footprint on there. We’d be irresponsible if we didn’t check. Also, if you make repayments on time then that might affect your credit score in a positive manner.
How do I make my monthly repayments?
If you want, then we can take the monthly repayments out of your bank account each month. If you prefer to make the repayments yourself, you can. By logging in to your account, you can make payments there.
What if I’m having financial problems?
Always get in touch with us if you’re having financial problems with your £500 loan repayments. Log in and chat to us online or call us. We’re here to help.
We don't offer loans under 60 days. We offer 6 or 12 month loans. So, the minimum repayment period is 6 months and the maximum repayment period is 12 months. You can choose to repay early and save on interest without any penalty. Maximum APR 1721%.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Very good company
Very good company, it's easy to fill out the application, everything is written well and clearly and the money is quickly in your account. The company is worth recommending
Grzegorz Komajda, 24 November 2023
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