£400 Loans - Borrow 400 pound loan now

Loans from 3 months to 24 months

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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

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 pound 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 the best short-term loan.

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.

These loans are specifically designed to cover unexpected financial situations and because of this, they’re quick and easy to apply for.

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. You should not use this short-term loan to pay for nights out, leisure reasons, or any other non-essential purpose.

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 visitthe money advice service for free and impartial money advice.

Am I eligible to borrow £400?

Yes, you could be eligible to borrow £400. But 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

£400 Loan FAQs

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

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 broker service, like ours, which will help you find the best short-term loan lender for your needs. At ThisLender, we can give you an instant decision and match you with a suitable lender within minutes.

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.

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.

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 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.

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.

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

Lenders expect to see you make regular repayments on your 400 pound loan. 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 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 or up to 24 months. The duration of your loan term may vary depending on your affordability and the lender you’ve been placed with.

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Access from £100 to £5000

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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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