£400 Loans - Borrow 400 pounds today

We arrange £400 loans for customers looking to cover financial emergencies. A £400 loan could see you through to payday, with repayment terms from 3 months to 36 months.



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.

We are a credit broker, not a lender

When you run out of money weeks away from your next payday, you might panic and worry about how you’re going to pay your bills. It’s a scary position to find yourself in, but after approaching friends and family for cash to fill the gap between paydays, you could consider applying for a short-term £400 loan.

You’ve got two options when it comes to applying for a 400 pound loan. You can either go direct to the lender yourself, or you can use a broker, just like us, to help you find a suitableshort-term loan.

Apply for a 400 pound loan

Can I get a loan for £400?

Yes, absolutely! At ThisLender we help to arrange loans from £50 - £5,000. These loans can usually be arranged and issued within 10 minutes² after approval, and a £400 loan is a large enough amount to cover most financial emergencies. Keep reading to find out whether or not this type of funding is right for you.

Top Tip: Always approach friends and family before applying for a short-term loan. Read our blog 10 Easy Ways to Make Cash Fast, give it a read.

What is a £400 loan?

A 400 pound loan is a loan for the amount of £400 that you can borrow from a direct lender. You receive the amount, you spend it, and then you pay it back with interest over a short period. You can pay the loan back in one lump sum or in pre-agreed weekly or monthly instalments.

£400 loans are specifically designed to cover unexpected financial situations and because of this, they’re quick and easy to apply for. Online applications typically take a couple of minutes to complete, before you start to receive lender’s quotes and begin the process to borrow £400.

Get your loan quote today

Access from £50 to £5000

What can I use a £400 loan for?

As we’ve already mentioned, you should only use your £400 loan for unexpected or emergency purposes. And you should only apply for these types of loans if you’ve exhausted all other financial avenues - such as asking friends and family or selling unused items.

So what constitutes an ‘emergency’? You can use your loan to pay for unexpected bills, car repairs, home emergencies etc. - it can cover pretty much any essential cost that you didn’t see coming and weren’t able to plan for. You should not use this short-term £400 loan to pay for nights out, leisure reasons, or any other non-essential purpose.

One reason £400 loans are popular is because they are flexible in use. Usually, there are few restrictions when it comes to what you are allowed to spend the loan on. However, whenever you borrow money you should do so carefully, and ensure that you’re not getting into debt unless it’s absolutely necessary. You can use £400 loans for:

  • Household costs
  • Vehicle repairs
  • Medical emergencies
  • Veterinary bills
  • Buying important appliances

Don’t jump into a 400 pound loan without thinking and weighing up your options. Ask yourself if a short-term loan is the only financial solution. If you’re struggling with debt management, we advise you to visit MoneyHelper formerly called the money advice service, for free and impartial money advice.

Am I eligible to borrow £400?

Yes, you could be eligible to borrow £400. Our initial online application form will help to match you to potential £400 loan lenders, who will then do further checks to ensure you are eligible. Before you apply, check to see if you meet the following direct lender criteria:

  • You’re over 18
  • You’re a UK resident with a permanent address
  • You’re employed and have a regular income
  • Have a UK bank account with a debit card
  • Your wages are paid into your UK bank account
  • You are NOT currently bankrupt

What are the benefits of £400 loans?

As we’ve already mentioned, these £400 loans are ideal solutions for financial emergencies when time is of the essence. Financial worry can cause a huge amount of stress, which is why the option to borrow 400 pounds directly through a lender or via a broker service is important. The benefits of £400 loans include:

  • Online applications: Apply from anywhere at any time. We all know how frustrating it can be when you can’t get the answers or support you need, when you need it. Applications for £400 loans through ThisLender can be made 24/7.
  • Money in a hurry: When a financial emergency occurs, time is a luxury we usually can’t afford. Our £400 loan direct lenders are usually able to release funds within 10 minutes² after approval, if not on the next day.
  • Financial Conduct Authority (FCA) approved: ThisLender is authorised and regulated by the FCA, as are the lenders we work with. This means that you can borrow money without worrying about your financial safety and security.
  • Fixed interest rates and repayment terms: No ambiguity or uncertainty. Benefit from set interest rates and repayment terms that make it clear how much you’ll be repaying, and for how long.
  • Free, no-obligation quote: Find out how much your £400 loan will cost, without being locked into any commitments. We offer free 400 pound loan quotes that have absolutely no obligation on your part.

Get your loan quote today

Access from £50 to £5000

What is the interest rate on a £400 loan?

A £400 loan will have a fixed interest rate, which means that you will know exactly how much money you need to pay back each month during the application stage. The interest rate you are quoted will depend on a number of factors, such as your financial situation, credit score and period of borrowing.

Take a look at our representative example on the sidebar to the right of the screen to see how interest rates are calculated.

How do I get a £400 loan direct from a lender?

£400 loans from direct lenders can be obtained through an online application on your lender’s website. You’ve got two options when applying for a short-term 400 pound loan. You can either apply directly through your chosen lender - just visit their site and apply online.

Or you can use a 100% free loan-matching broker, like ours, which will help you find a short-term loan lender that's best suited for your needs. At ThisLender, we can give you an instant decision and match you with a suitable lender within minutes.

We have the advantage of being able to dip into our pool of lenders, whom we have already built strong and trusted relationships with. This means that instead of spending hours trawling the internet for a suitable provider, you can let us do the hard work for you and match you to a suitable lender for your individual needs.

Remember: ThisLender, and the lenders on our panel, are authorised and regulated by the Financial Conduct Authority (FCA).

Am I guaranteed a 400 pound loan?

No, you’re not guaranteed to get accepted for a £400 loan, even if you apply. Whether your application will get accepted or not depends on your current circumstances and whether you meet the direct lender criteria listed above.

Can I apply for a £400 loan with bad credit?

Yes, you can apply for a £400 loan with bad credit. We work alongside a variety of lenders willing to consider your application, even if you have poor credit history. Lenders offer a selection of bad credit loans including guarantor loans.

Be advised that £400 loans for bad credit tend to have higher interest rates. If you have bad credit, you should look at ways of improving or rebuilding your credit score to increase your chances of your application being accepted. Read this blog about how to improve your credit score from Experian.

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Can I get a £400 loan with no credit checks?

No, it’s not possible to get a £400 loan without having a credit check. Credit checking 400 pound loan applicants is a standard requirement for all UK direct lenders. Lenders need to see the information on your credit file to decide whether to lend to you or not.

You should not try to find an online lender offering £400 loans with no credit checks. As mentioned, it is a standard requirement, and any trustworthy lender will do their due diligence before approving your application.

Remember, if you have bad credit you can still get a £400 loan, so this is not something you need to try to bypass. When you apply through ThisLender, you could be matched with some of our lenders who specifically offer bad credit £400 loans - there are always options!

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.

What repayment periods are available for £400 loans?

A £400 loan is considered a short-term funding solution, which means you will pay it back over a short period of time, typically 1 - 12 months. In certain situations, you may have up until 36 months to repay the borrowed funds.

A major benefit of £400 loans is the freedom and flexibility they provide in terms of repayment periods. Before agreeing to borrow £400, please make sure you have:

  • Carefully read the lender’s terms and conditions for payment
  • Put together a borrowing plan to ensure you will be able to comfortably meet repayment dates

Do I have to repay the £400 loan on my next payday?

Lenders expect to see you making regular repayments on your 400 pound loan. With £400 payday loans, lender requirements can differ, but most offer you the chance to pay the loan amount in full on your next payday or a week (7 days) after you received the loan.

You can also pay 400 payday loans in monthly instalments until the loan is repaid in full.

Remember, you need to make sure there are adequate funds in your bank account in time for the repayments to be taken.

Can I borrow £400 over 12 months?

Yes, you can borrow £400 over 3, 6, 12, 24 or up to 36 months. The duration of your £400 loan term may vary depending on your affordability and the lender you’ve been placed with.

Do I have the option to borrow more than £400?

Yes, you can borrow more than £400 if you need. At ThisLender, we help to arrange loans from £50 to £5,000 - depending on your financial situation. It’s important not to borrow more than you need, as you will have to pay back the money you borrowed with interest.

If you’re not sure a £400 loan will be enough to cover your emergency, why not consider £500, or £1,000?

Get your free loan quote today

Access from £50 to £5000

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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.

We are a credit broker, not a lender.

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