£50 Loans - Borrow 50 pound loan now

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  • No obligation quote
  • No application fee
  • Cash could be sent in 10 minutes²

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

Picture this: you’re a week shy of payday but you need a 50 pound loan to tide you over, where do you turn? Stop searching - you’re in the right place. We work with direct lenders willing to offer borrowers, even with bad credit, a short-term 50 pound loan.

Short-term loans can be a stress-reliever. Whether you need quick cash to cover your food shop or to pay urgent bills, short-term loans have got you covered.

How can you get your hands on this quick cash from a lender? You have two options - first, you can go direct to the lender yourself and fill in their application form. Or, you could use a free online loan-matching broker like us to help you find a suitable 50 pound loan lender on our panel.

Apply for a 50 pound loan

Top Tip: Don't rush into taking on debt, there may be better ways to raise the cash you need. Consider borrowing 50 pounds from your mum, dad, family member, or friend before applying with a lender. You could also look at selling unwanted items you own too. Check out our article on 10 easy ways to make cash fast without taking on debt.

What is a £50 loan?

A £50 loan is a small loan for the amount of 50 pounds. This type of loan is short-term in nature and quick and easy to apply for. Once you secure the 50 pound loan, you repay the amount with interest to the lender. Borrowers usually repay the 50 pounds over a short scheduled repayment period. You can usually repay the loan as a lump sum or in manageable instalments.

As we mentioned, these loans are quick to get hold of and are designed specifically for borrowers who have financial emergencies; they’re just to bridge the monetary gap left between paydays.

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Access from £50 to £5000

What can I use a £50 loan for?

These short-term loans are designed for emergency situations and emergency situations only. You should exhaust all other sources of cash prior to applying for a 50 pound loan, because taking on debt is a decision that shouldn’t be taken lightly. You shouldn’t use your 50 pound loan for non-essential purposes such as clothes shopping or drinks on a night out.

A £50 loan could be used for:

  • Repairing a broken boiler
  • Car repairs
  • Unexpected household expenses
  • Short term emergencies

Always think carefully before apply for a short-term loan. If you’re struggling to manage your debt, the MoneyHelper for free, unbiased debt advice.

How much will I have to pay back?

Before taking out a 50 pound loan, it’s important to understand that you will be paying back more money than the fifty pounds you initially borrowed. The money will be lent to you at a pre-agreed interest rate, so you need to factor this interest into your repayments.

The amount of interest you get charged on your instant loan will depend on a number of factors - including the lender you’re matched with, your credit score, the repayment term length etc. You should also check whether or not the lender charges additional fees, such as early repayment fees for if you want to pay back the money earlier than planned.

All of this will influence the amount of money you are required to pay back.

What are the benefits of £50 loans?

Taking out a 50 pound loan offers several benefits to consumers in financial emergencies. This small loan amount can cover unexpected bills and tide you through to your next payday. The main benefits of £50 loans are:

  • All credit scores are welcome to apply: You could be eligible to receive a 50 loan, even if you have bad credit.
  • Short repayment terms: Pay the borrowed money back over a short term of 3 - 36 months. You choose how long you need to repay.
  • Access money instantly: Lenders are usually able to approve and issue funds in under 24 hours.
  • No spending restrictions: You can spend the money however you see fit. (However you should only ever take out this type of loan in financial emergencies.)

Am I eligible to borrow £50?

If you meet the below direct lender criteria, then you could be eligible to borrow £50.

  • 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

How do I get a £50 loan direct from a lender?

You can apply directly to the lender, or you can use a broker, like us. We offer a completely free service - we make applying for short-term loans simple and straightforward. And with us, there’s no waiting around, we’ll give you a decision instantly and match you with a suitable lender within minutes.

Am I guaranteed a 50 pound loan?

No. No matter how you apply for a 50 pound loan, you’re never guaranteed it. Your current circumstances will be taken into account in every loan application you make. Before you apply, make sure you meet the above lender criteria.

Can I apply for a £50 loan with bad credit?

Yes, you can still apply for a 50 pound loan with bad credit or poor credit history. We work with a variety of lenders, some of which will offer loan options specifically for borrowers with bad credit. Read more about our bad credit loans and our guarantor loans if you have bad credit.

Read these tips from Experian if you’re wondering how to improve your credit score.

Apply for a £50 pound loan

Can I get a £50 loan with no credit checks?

No, you still need a credit check when applying for a short-term loan with any UK lender. Lenders need to see the information on your credit file so they can make an informed decision as to whether to lend you the loan 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 £50 loan on my next payday?

The lender will expect you to make regular repayments on your £50 loan. Repayment could be on your payday or scheduled 7 days from when you took out the loan. Or you’d be expected to pay the loan back in monthly instalments. You have to adhere to the terms set out by the direct lender.

Remember, you will need to have enough money in your bank account ready for the repayments to be taken.

Why choose ThisLender to arrange my £50 loan?

At ThisLender we work with a panel of trusted lenders who are approved by the Financial Conduct Authority. We use our long-standing connections with lenders to secure our customers competitive rates and fast turnaround times. When you choose ThisLender, you benefit from:

  • Online loan matching service: You don’t have to spend hours on end searching, we do our best to find a suitable lender direct from our panel on your behalf.
  • Free, online application: Our application form can be completed from anywhere - your smartphone when you’re on the go, or the comfort of your own home. It’s free to apply too, we never charge fees for using our service.
  • Change your mind at any time: Any quotes you receive are no-obligation, which means you don’t have to feel any pressure to proceed with the quote you receive.
  • Fast process: We know how frustrating it can be having to wait around in financial emergencies. Our application process has been streamlined for maximum efficiency.
  • Authorised and regulated: ThisLender and the lenders on our panel are all authorised by the Financial Conduct Authority and can be found on the Financial Services register.

Where do I go for help if I’m in financial difficulty?

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.

Get your free loan quote today

Access from £50 to £5,000

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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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