£500 Loans - Loans for £500 and more

If you need a £500 loan urgently, you've come to the right place. We help to arrange 500 pound loans directly through our panel of lenders. Borrow over a period of 3 months to 24 months.



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

Being short on cash is stressful, but it doesn’t have to be with the help of a short-term £500 loan. Whether you’ve had an unexpected bill come out of your account, or you’ve had to pay for emergency car repairs; a 500 pound loan can come in handy when you’re in need of cash between paychecks.

Before applying for £500 loans, it’s important to consider all your options. Applying for a short-term loan should be your last financial course of action. It would be best if you first approached friends and family or even sold some of your old stuff online to raise the funds you need. Short-term loans can be expensive, and if you don’t repay them on time, they can damage your credit score, making it far harder to apply for funding in the future.

500 pound loans are quick and easy to apply for, and you can apply directly to a lender or use a broker, like us, completely free of charge. Here at ThisLender, we are able to arrange £500 loans for bad credit at competitive interest rates. Our application processs is fast and seamless, ideal if you need an urgent £500 loan. Learn more about short-term 500 pound loans below.

Apply for a 500 pound loan

Top Tip: Always approach friends and family first before considering applying for a short-term loan. Wondering how else you can make cash quickly? Check out these 10 Easy Ways to Make Cash Fast.

What is a £500 loan?

As you’d expect, a 500 pound loan is a loan to the value of £500. It’s short-term in nature, which means you don’t usually take longer than 24 months to repay the amount in full. A £500 loan is a type of personal loan, allowing for flexible use. However, These loans exist purely for unexpected or emergency situations; they’re not to be used on non-essential items.

These loans bridge a monetary gap between paydays, and the 500 pound loan borrowed is usually repaid in a lump sum or in monthly instalments, anywhere between 3 and 24 months.

Get your loan quote today

Access from £50 to £5000

What can I use a £500 loan for?

A £500 loan is specifically designed for short-term essential use. So, if after you’ve rallied around friends and family for cash and you’re still short, you might want to consider applying for a 500 pound loan as a last resort. You can spend your loan on getting your car fixed, paying an unexpected bill, or buying essential food. A short-term loan is not supposed to be spent funding a night out or a leisure shopping spree, for example.

The great thing about £500 loans is that they can be used flexibly as you see fit. Some common uses of 500 pound loans include:

  • Veterinary and medical bills
  • Mobile phone and tech repairs
  • Buying new household appliances
  • Schooling and education fees
  • Unexpected bills and financial emergencies
  • Funerals, wedding or special occasion costs

Usually, after you take out the £500 loan there is little restriction over what you choose to spend the money on. However, as mentioned, when you borrow money you should ensure you are making smart and sensible spending decisions.

At ThisLender, we can help to arrange funding of any amount from £50 to £5,000. If you decide £500 is too much money to borrow, or you're worried about making repayments, consider applying for a lower amount.

Don’t rush into applying for a short-term 500 pound loan. Take a moment to ask yourself if what you need the loan for is essential, and whether you should consider a 500 pound loan or a smaller amount. If you’re struggling with debt management, we advise you to visit Money Helper for free help and advice on money management.

What is the £500 loan criteria?

We wouldn’t be doing our job if we didn’t put 500 pound loan lending criteria in place. It’s important that your application gets assessed properly to ensure you will be able to repay the borrowed funds.

You might be eligible to borrow £500. But before you jump in head first, check out the direct lender criteria below, do you meet them?

  • 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

Where can I get a £500 loan?

People tend to apply for loans for 500 pounds directly from a lender or through a broker, like us! We arrange £500 loans for UK residents who are over the age of 18 and employed.

You can get a £500 loan via our online application form. As a broker, we work with a panel of 500 pound loan lenders directly. These lenders are registered with and authorised by the Financial Conduct Authority, which means you're in safe hands.

When you borrow £500 through ThisLender, you can rest assured that you are receiving competitive, low interest rates.

How do I get a £500 loan directly from a lender?

Applying for your 500 pound loan directly with a lender is a straightforward process, you visit your chosen lender’s site and fill in an online application form. There are lots of 500 loan direct lenders to choose from, and at times it can be overwhelming knowing which lender is best for you.

If you wanted to make sure you were matched to the most suitable lender, you could work with a broker, like us. We offer a completely free service, helping consumers, just like you, find the best short-term loan deals on the market. We will give you an instant decision and then match you with the best-fit lender.

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

Am I guaranteed a 500 pound loan?

Just as with any loan application, you’re not guaranteed acceptance for a 500 pound loan, either. It's important to understand that guaranteed 500 pound loans simply don't exist. There is no way to ensure you will be approved for funding in advance.

Whether your application will be accepted or not depends on your current circumstances and also whether you meet the direct lender criteria listed out above. Check the criteria before applying for your loan.

Where can I get a £500 loan with bad credit?

If you have bad credit, you'll be pleased to hear that you still have options. You can apply for a £500 loan through ThisLender with bad credit or poor credit history. We work with lenders willing to consider applications with varied credit histories, so a less than perfect credit score shouldn’t be a problem.

Lenders offer a selection of £500 bad credit loans, including guarantor loans. How? They take a number of different factors into consideration, and make their decision on your personal circumstances and current affordability.

It's very important for lenders to determine your ability to repay borrowed money, so they will look at your income and expenditure when analysing your application.

If you have bad credit, you should be focused on finding ways to improve it. To get started, take a read of Money Saving Expert's guide on improving your credit score. Whilst there's no quick fix, over time this will help to increase your chances of your application being accepted for £500 loans at lower interest.

Get your loan quote today

Access from £50 to £5000

Can I get a £500 loan with no credit checks?

No, unfortunately not. It isn’t possible to apply for any loan without getting credit checked, even just for a 500 pound loan. The process of credit checking is how lenders will decide whether to lend you the money or not. It’s a standard requirement for all UK direct lenders loans.

Often, £500 no credit check loans are advertised deceivingly. When searching for a loan, please borrow responsibly and avoid any websites offering personal loans with no credit checks.

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 is the difference between a sort and hard credit check?

A credit check occurs when a company analyses your personal credit report to better understand your financial history. Within your credit report your name, address and borrowing history can be viewed.

There are two types of credit checks that can be conducted:

  • 1. Soft credit check:  These credit checks do not leave a visible footprint on your credit report, which means they won’t impact your credit score. Soft credit checks are conducted by you or lenders in the initial stages of application.
  • 2. Hard credit check:  Before being approved for any type of credit, a loan, card, mortgage etc., lenders conduct an in-depth credit check. This is where any negative information such as overdue payments or debt can be located and traced.
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Do I have to repay the £500 loan on my next payday?

When you apply for a £500 loan you must read carefully through the repayment terms and conditions. Lenders will always want to see you make regular loan repayments on your 500 pound loan. Lender repayment terms and conditions 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 it. You can also pay in monthly instalments until the loan is repaid in full.

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

How long do I have to repay £500 loans?

The amount of time you have to repay your 500 pound loan depends on the repayment terms agreed with the lender at the time of application. Typically, repayment terms range from 3 months to 24 months.

In the application stage, you can decide how long you need to make repayments comfortably. £500 loans are flexible, but be advised that longer repayment terms (such as £500 loans over 12 months) will result in more interest being paid overall.

Do you need a guarantor for a £500 loan?

Most people tend to prefer £500 loans with no guarantor options. However, whether or not you need a guarantor will depend on your personal circumstances. If you have good credit, you probably don't need a guarantor. However, if you have bad credit, a lender may require you to have a guarantor to secure the £500 loan. This could be a family member or a friend. Learn more about guarantor loans here.

How soon can I receive the £500?

If you need an urgent £500 loan, we can help! Our online application takes just minutes to complete. After submitting an application, the lenders on our panel that you are matched to are quickly able to start the process for lending.

When looking for a £500 instant loan, a broker like This Lender can be your best bet. Instead of spending time and energy searching the web for the most competitive rates for your situation, we do the hard work for you and quickly determine the best lender for your circumstances.

What are the benefits of choosing ThisLender to arrange £500 loans?

  • Years of experience: The team at This Lender has been working in the consumer credit sector for years, helping to arrange responsible loans at competitive rates. We understand that borrowing money can be stressful, so we aim to make the process as hassle-free as possible.
  • Financial Conduct Authority (FCA) approved: We are registered and authorised by the Financial Conduct Authority, which means we adhere to lending best practice and keep the ‘Treating Customers Fairly’ initiative at the heart of everything we do.
  • Easy, online application: Our application process has been streamlined to make it easy for customers to apply quickly. We understand that financial emergencies often need to be dealt with urgently, which is why you will receive your quotes within minutes.
  • Free to use: Because This Lender is a broker, no fees will be charged for using our service. This means that you can receive £500 loan quotes that are no-obligation, entirely free of charge.

Get your free loan quote today

Access from £50 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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