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 £300 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.
As a broker, we help arrange £300 loans at competitive rates. Working with a panel of reliable, Financial Conduct Authority (FCA) approved lenders, we are able to ensure our customers are borrowing responsibly, providing a transparent service from start to finish.
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 to the amount of 300 pounds. It’s short-term, so is usually paid back within a few months. After being approved, the £300 loan gets deposited into your bank account straight away. However, 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 installments until the full 300 pounds has been repaid.
These types of short-term loans are quick to access to help you in emergency situations. They are designed to cover unexpected financial emergencies and bridge the gap until your next paycheck.
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.
£300 loans can be used to cover these sorts of financial emergencies:
Please think carefully before borrowing money. If you’re struggling with debt management, don’t struggle alone. Visit the MoneyHelper for free and impartial money advice.
Yes, you might be eligible to borrow £300. First, you must meet the following direct lender criteria:
This is a good question to ask yourself. Even if you are eligible to borrow £300, that doesn’t necessarily mean you should. Before deciding to loan money, it’s a smart idea to run through a mental checklist in your head. Think about:
Applying for a 300 pound loan directly from a lender is easy. There are lots of 300 loan direct lenders out there, 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.
When looking for a £300 loan from a direct lender, you might find you’re spending a lot of time comparing the best rates and terms for borrowing. We know that in a financial emergency, time is a luxury! Because of this, 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. The best part? You don’t need to worry about whether or not the lender is trustworthy. At ThisLender, we only work with FCA approved lenders who uphold lending best practice to the highest standard.
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.
Don’t be fooled by any online marketing that tells you £300 loans are guaranteed. We can never say for sure whether or not your application will be accepted. This is because the lender is required to do their due diligence before determining whether or not you are eligible to borrow.
With that being said, though £300 loans are not guaranteed, at ThisLender we aim to match you to the lender that is most appropriate for your situation, increasing your chances of approval.
Yes, you can apply for a £300 loan with bad credit. In fact, 300 loans for bad credit are pretty common. We work with many lenders who consider individuals with all types of credit histories. If you’ve suffered adverse credit in the past, this doesn’t mean you don’t have options.
A guarantor loan works similarly to a standard £300 loan. The only difference being that it requires a guarantor to co-sign the borrowing agreement. This guarantor agrees to pay back your loan, in the event you default on repayments.
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.
If you come across a lender offering £300 loans no credit check, stay clear! 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.
Whenever you borrow money, it’s important to do so wisely. You wouldn’t make an online purchase from an e-commerce store that looked untrustworthy, and it should be the same when looking for a 300 pound loan.
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 applying for a £300 loan, the lender will check to ensure you are employed. Being able to show that you have a job with consistent paychecks is important, as it helps to prove your ability to make repayments.
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.
Luckily, you usually get to have a say in this. £300 loans tend to have flexible repayment terms that can be aligned with the date of your salary payments. Regardless of when you start to pay back the money, the lender will always require you to make regular repayments for your loan until it is paid back in full.
Remember, you need to ensure you have enough money in your bank account ready for the repayments to be taken.
£300 loans that can be arranged online provide lots of benefits to consumers. In the correct scenario, 300 pound loans can provide a financial lifeline that wouldn’t be accessible otherwise. The advantages of 300 loans include:
If you’re looking to apply for a £300 loan today, then doing so through ThisLender couldn’t be simpler. Our online application form only takes a few minutes to fill out and submit. After that, we quickly match your application with the most appropriate lender for your situation.
Once you’ve received your quote, the rest of your 300 pound loan application will be between you and your lender. During this time, you will be able to discuss the loan repayment terms and conditions, as well as agreeing upon a repayment plan.
It is always free to apply through us, and any of the quotes you receive are no-obligation.
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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.
We are not a lender but a licensed credit broker in the UK
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