Picture this, you receive an unexpected bill through the door, but you’re still a few days away from payday — you’ve asked friends and family for cash, but they can’t help you out. Where do you turn? These are the situations a £250 loan was made for.
These loans are designed for plugging short-term financial gaps, so whether that’s from an unexpected bill or your car needs emergency repairs, you can apply for a loan today. To make it easier, you can use a broker like us to help you find a suitable lender for your needs in minutes.
A £250 loan is a loan for the amount of £250, which can be handy to cover expenses you hadn’t prepared for. A short-term loan like this is usually repaid to the lender, with interest, either in a lump sum or monthly instalments, within three to 36 months.
These short-term loans are specifically designed to help you access cash quickly to tide you over until payday.
You can use a £250 loan for anything you like, it’s your money to spend, but they’re most commonly used to bridge any financial gaps from unexpected bills or emergency events. For example, you might need a new set of car tyres or have to pay a bill quickly.
Use your £250 loan for:
Remember: Applying for a loan should be a last resort; always seek funds from other sources first, such as friends or family. If you can’t repay your loan, your credit score could be affected. For more advice and information about debt, visit MoneyHelper.
Most lenders have similar criteria when it comes to applying for a £250 loan. If you’re over 18, a UK resident, and you have a regular income, lenders will usually consider your application.
To be eligible to apply for £250, you must meet the following criteria:
Providing your meet this — you can apply today. Remember, all lender criteria can differ slightly, so you’re best checking directly with each lender to understand their eligibility criteria.
You can still apply for a 250 pound loan with bad credit — the lenders we work with will consider all types of credit histories, so don’t let that put you off applying. We can help you find a short term loan for bad credit.
Don't forget:It’s always important to improve your credit score where you can —this will make you more attractive to lenders in the future, increasing your chances of borrowing money. To improve your credit score, you can register on the electoral roll, make payments on time, and check your credit report for mistakes. Read this Experian guide to help you improve your credit score.
No, all lenders will carry out a credit check before lending you money. This is so they understand the person they’re lending to, helping them decide whether they should lend to you or not.
ThisLender will not carry out a credit check when you apply. However, the lenders will complete a soft credit check when assessing your eligibility for a loan, and if you accept the offer, they’ll then carry out a hard credit check. A hard credit search can negatively impact your credit score.
Applying for a 250 pound loan is quick and easy. Simply fill in our short quote form, tell us how much you’d like to borrow, over how many months and the reason for your loan, and we’ll match you with a lender in minutes.
Once we have found a suitable lender, you will be presented with a loan offer, and you can choose to proceed with the application or decline — the ball’s in your court, and you’re under no obligation to accept any quote.
You can apply directly through your chosen lender’s website if you don’t want to use a free broker like us. But understand that by not comparing other direct lender loans, you might be missing out on a more affordable deal.
Save time and unlock the cash you need quickly by using our online loan matching service today — get your free quote.
Yes, you can borrow £250 over any period between three months and 36 months; how long your repayment period is will depend on your financial situation and also which lender you choose. Each lender has different lending requirements.
Remember: Do not borrow more than you need, as not only will you need to repay the loan amount in full, but you’ll be paying monthly interest, too.
Yes, all short-term loans are usually repaid in regular, usually monthly, instalments. These monthly repayments will be pre-agreed between you and the lender, so make sure you can realistically afford these repayments before signing on the dotted line. Alternatively, you may have the option to repay your loan in a lump sum without incurring any fees.
Most lenders will expect a short-term loan to be repaid within 12 months, but some lenders accept payment within 36 months. Check with your lender to clarify, and always read the loan terms and conditions carefully, so you know what to expect.
Searching for finance is tiring; you have to jump from one lender to another to compare loan deals. That’s where we can help you — we do all the heavy lifting for you. Simply fill in our short quote form, and our loan matching services compares lenders in minutes and matches you with the right lender for your needs.
You want to find a lender you can trust, and we only work alongside trustworthy UK lenders. Our comparison service is 100% free for you to use, and you are under no obligation to accept any quote our lenders send your way.
If you are having financial difficulties or need to speak to someone regarding your financial situation before applying for a loan you can get free and confidential advice from MoneyHelper (formerly The Money Advice Service), National Debtline or debt charity StepChange.
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Representative 49.9% APR
Representative example: Amount of credit: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28 Interest: £428.28. Interest rate: 49.9% pa (variable). 49.9% APR Representative. Rates from 45.3% APR to 1721% APR - your no-obligation quote and APR will be based on your personal circumstances. The minimum repayment period for any loan will be 90 days from the date the loan is issued. The maximum repayment period is 3 years.
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