You’ve been paid but already you’re out of money and could do with £300 to tide you over until your next payday. Don’t worry, there are short-term 300 pound loans out there, and we can help you find one.
If your car needs repairing or your boiler bursts, the first thing you think about is ‘have I got enough money?’ If, after you’ve asked your family and friends for money, you’ve got nowhere else to turn, a short-term loan could be your saviour.
Quick and easy to secure, you can apply for a 300 pound loan directly through a lender or you could use a free broker service, like ours.
Top Tip: Always consider other financial options before taking out a short-term loan. Missing repayments can damage your credit score. Ask friends and family for the cash first, or consider selling some of your unused items. We’ve got a great blog about ways to make cash fast, give it a read.
A £300 loan is a loan for the amount of 300 pounds, it’s short-term so is usually paid back with a few months. Although you get 300 pounds in your bank account, you have to pay it back with interest to the lender. You can choose to pay back the loan in one lump sum or in monthly instalments until it’s all repaid.
These kind of short-term loans are quick to access to help you in emergency situations. They are designed to cover unexpected financial emergencies until your paid.
We can’t stress enough that a 300 pound loan should only be used in case of emergency. If your washing machine floods or you need to pay an unexpected bill - whatever the emergency situation, you can use your loan to ease worry and stress in these instances. Don’t use your short-term 300 pound loan for unnecessary purchases such as on a night out or gambling.
Please think carefully before borrowing money. If you’re struggling with debt management, don’t struggle alone. Visit the money advice service for free and impartial money advice.
Yes, you might be eligible to borrow £300. First, you must meet the following direct lender criteria:
Applying for a 300 pound loan directly from a lender is easy. Simply visit your chosen lender’s website and apply online. But you don’t have to research lenders yourself, we can do it for you free of charge. We can even give you an instant decision, so there’s no waiting around. We’ll then match you with the most suitable UK lender within minutes.
Remember: ThisLender, and the lenders on our panel, are authorised and regulated by the Financial Conduct Authority (FCA).
No one is guaranteed any loan for any amount. Whether your application will be accepted or not will depend on your current circumstances and the specific criteria for your chosen lender.
Yes, you can apply for a £300 loan with bad credit. We work with many lenders who consider individuals with all types of credit histories. Our lenders offer bad credit loan options including guarantor loans.
If you’re hoping to rebuild and improve your credit score, check out this article from Experian, it’s got lots of useful information on how to do that.
No, it’s not possible to get a £300 loan with no credit checks with a direct lender in the UK - or any loan of any amount for that matter. All our lenders are required to see the information on your credit file to decide whether to lend to you or not, it’s a standard requirement.
Remember: ThisLender will not perform a credit check; lenders will complete a soft search during the application process. If you accept a lender’s loan offer, they will perform a hard credit search.
When you repay your loan depends entirely on the lender you lend from. You might be asked to repay your loan on your next payday, or a week from when you received the 300 pound loan, or in monthly instalments until it’s repaid in full. The lender will require you to make regular repayments for your loan.
Remember, you need to ensure you have enough money in your bank account ready for the repayments to be taken.
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Representative 97% APR (fixed)
Representative example: Borrow £1000 for 24 months at 24 equal instalments of £77.48. Total amount to repay £1,859.52. Interest £859.52. Annual interest rate 70% (fixed). APR rates range from 45.3% APR. to 1575% Max APR. Your APR rate will be based on your circumstances.
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