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 broker like us to help you find and compare the best 50 pound loan lenders on the market.
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.
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.
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.
Always think carefully before apply for a short-term loan. If you’re struggling to manage your debt, the money advice service for free, unbiased debt advice.
If you meet the below direct lender criteria, then you could be eligible to borrow £50.
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 suitable lenders within minutes.
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.
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.
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..
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.
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Access from £100 to £5000†APPLY NOW
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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