A £1500 loan may help you overcome short-term cash flow issues quickly. At Fast Loan UK, we can help returning customers apply for up to £1500 today, as long as your first loan with us has been settled in full.
As Financial Conduct Authority (FCA) authorised responsible lenders, we may be able to offer you a tailored £1500 loan for bad credit that works with your budget and current financial situation. We understand that unexpected expenses can happen to anyone at any time. Even when you do your best to budget and save, sometimes bills can be more than you can afford to pay in one go. That's why we can offer £50 to £1500 to returning customers that may help you solve your current financial issues as an alternative to payday loans.
If you are a new customer, the maximum loan amount we can offer is £800. This can be repaid in weekly or monthly instalments, for up to a maximum of 8 months as a new customer. As a returning customer, you can choose 1500 pound loan repayments for up to 12 months if you need it.
To apply today, simply login to your account or speak to your Personal Customer Care Manager. For new customers, please click apply now to start your application.
About Our £1500 Loans
As a returning customer, you’ll already be familiar with our approval process where you’ll be assigned a personal Customer Care Manager. If you have settled your first loan with us and want to apply again for same day loans, all you have to do is request this directly from your Customer Care Manager or log in to your account to start a new application. We’ve made the re-applying process as simple and efficient as possible so you can quickly get what you need.
As always, you can expect complete transparency from start to finish with our loans. A 1500 pound loan can help you cover many different types of short term financial issues, so we can quickly review your previous details, perform new credit and affordability checks, and see if we can approve you today. Whilst you may have been approved before, we need to ensure your finances are still in good health and that you can afford the new loan you request.
At Fast Loan UK, we promote secure financial lending, so our customer care team will always ensure that you will be able to afford your repayments without them negatively affecting your finances, whether you’re a new or returning customer. We are committed to being transparent and will not approve £1500 loans if we believe that they would lead to further financial difficulties.
Can I Get a £1500 loan with Bad Credit?
We are happy to consider applications from returning customers with all levels of credit score. Even if your score has dropped since your first successful application with us, we may still be able to approve your application. This is because we approve applications based on more than just your credit score, enabling us to offer a £1500 loan for bad credit where possible.
If you can provide all of our requested information and prove that you can afford your minimum repayments, we may be able to approve a loan even if you have a poor credit history, but you should always consider whether further borrowing is best for your circumstances.
We’ll look at your income and regular outgoing payments to determine whether your chosen loan is a suitable option. If you can sustainably afford the repayments on a new loan, with disposable income left over after your essential outgoings (such as your mortgage/rent, bills, credit card payments etc.), we may be able to provide you with loans for bad credit.
As FCA-authorised direct lenders, we always follow responsible lending guidelines and never approve a £1500 loan with bad credit if we determine that it could lead to financial difficulty. Defaulting on a loan has negative consequences for your credit score, and we do not wish our customers to experience this.
If you are confident you can sustain repayments on a new loan up to £1500 today, log in to your account as a returning customer or speak directly to your Customer Care Manager for a quick decision. For new customers looking to borrow up to £800, please click apply now.
Can I Get a 1500 pound loan?
As a 1500 loan direct lender, we control the lending decision process meaning no broker fees or service charges, and a direct line of communication between you and your own personal Customer Care manager. To be eligible to apply, you must:
- Be at least 18 years of age.
- Be a resident of the UK.
- Have a bank account and a valid debit card.
- Receive a regular income from employment.
- Have successfully repaid a loan with us in the past.
Our loans are unsecured, meaning you will not have to provide collateral such as your car or home, or have a guarantor to secure the loan either. This results in a faster application and approval process overall, with returning customers experiencing a convenient process that helps you get a decision and the funds for a 1500 pound loan once approved faster.
We don’t want to keep you waiting longer than necessary when you re-apply. Accessing the funds you need quicker means you can resolve your short-term position much quicker too, that’s why once you have signed your digital loan agreement, we can transfer the funds within just 15 minutes to your bank account.
You have the flexibility to choose the loan term that works best for you, starting at seven days and running up to 12 months as a returning customer, maximum of 8 months for new customers. We always recommend choosing a repayment term that allows you to afford the repayments sustainably, without incurring extra interest. Use our loan calculator tool to find the right loan term for you or speak to our customer care team to get more information.
What Can I Use a £1500 loan on?
We understand that unexpected expenses can arise and put a strain on your finances. That's why we offer short term loans from £50 to £800 for new customers, and up to £2000 for returning customers, so you can borrow the exact amount you need to cover emergency expenses such as urgent home repairs or unexpected bills.
However, it is important to consider all options before applying for a new loan. Borrowing more than you need can lead to paying unnecessary interest and increasing your financial burden. It is important to note that our £1500 fast cash loans are intended for emergency expenses and not for non-emergency payments or debt consolidation.
If you are experiencing long-term financial difficulties, we recommend seeking help from organisations such as Money Helper before considering a loan. It is important to look at all other options such as reducing non-essential expenses, increasing your income, or seeking financial assistance from family and friends before applying for a loan.
One of the most common reasons customers come to us for a loan is due to an unexpected bill that occurs before their next pay date. If they do not have emergency savings to cover it, then a small loan can be an ideal solution. Whether it is a repair bill for your car that has to be resolved quickly or an emergency expense that cannot wait until your next salary date, we can always look to help when you need it.
Pros and Cons for £1500 loans
In the right circumstances, £1500 loans can be an ideal option, but whenever you are considering a new loan application as a returning customer, you should always look at your options. Here are some of the pros and cons of choosing to borrow again.
Direct lending - When you apply for a loan from Fast Loan UK, we fulfil it ourselves with no middleman or external parties like a credit broker. This means you are not charged any broker fees and you will always have a direct line of contact with your lender.
Unsecured borrowing - We never ask for collateral or a guarantor to secure your loan. This results in a faster application and approval process when you need money quickly, even if you have a poor credit history.
Flexible repayment terms - You can choose how long you want to repay your £1500 loan, starting at just seven days and going up to 12 months as a returning customer. This gives you the flexibility to choose a loan term that suits your current financial situation.
Responsible lending practices - We abide by responsible lending practices and will not approve a loan for a returning customer if we believe it would lead to further financial difficulties. Your personal Customer Care manager will work with you for the duration of your loan term and is always available to ask any questions.
Transparent and fair fees - We are committed to complete transparency and fair fees, so you will always know exactly what you are paying for.
Fast approval - We understand that when you need a loan, you need it fast. That's why we offer fast approval, so you can get the money you need as soon as possible. This process is even quicker as a returning customer – just log in to your account or speak to your Customer Care Manager.
Not available for new customers – whilst you can apply for up to £2000 as a returning customer, our 1500 pound loans is not suitable for new customers. If this is your first time applying at Fast Loan UK, the maximum you can choose is £800 which will be subject to credit and affordability checks.
If you have any questions about our £1500 loans for bad credit, contact us today. Our team is on hand and ready to help you whenever you need us. Once you’ve made your decision, it’s quick and easy to apply again and if approved, receive the cash the same day where possible.
£1500 loans FAQs
What is the interest rate for a £1500 loan?
The interest rate for a £1500 loan is a fixed percentage of 151.4% pa and has a representative 766.18.% APR. At Fast Loan UK, we offer competitive rates and strive to make our loans affordable for our customers. You can use the slider on this page to learn how much you would pay back on your loan before you hit the apply now button or speak to your Customer Care Manager to find out more.
Representative example:
Borrow: £500 over 16 weeks. 4 repayments of £183.59. Total amount payable £734.36. Interest rate: 151.4% pa (fixed). Representative 766.18.% APR.
How long does it take to get a £1500 loan?
It can be relatively quick to get a loan as a returning customer, as we should have most of your main details from your first application. This will be checked with you, so if we have all information we need, we could approve you in minutes. Just speak to your Customer Care Manager or log in to your account to apply, and then we can perform new credit and affordability checks as soon as possible.
Can I get a £1500 loan with bad credit?
At Fast Loan UK, we specialise in providing loans to individuals with bad credit. We understand that unexpected expenses can happen to anyone, and we believe that everyone deserves access to the financial resources they need. We consider other factors besides your credit score, such as income and employment status, to evaluate loan applications. As a returning customer, we need to ensure your circumstances have not worsened since your first loan with us and that you can sustain the new loan repayments. If we can determine this, we can look to approve a £1500 loan with bad credit.
What happens if I can’t afford my repayments?
If you find that you’re struggling to meet the repayments, contact your personal Customer Care Manager as soon as possible. Avoiding the issue won’t make it go away and being late or missing repayments can impact your credit score. We can work with you to change your repayments and make them more affordable for you if necessary or agree on a suitable timeline for repayment of any arrears.
Can I borrow more than a 1500 pound loan?
As a returning customer, we can offer larger loans than £1500. You can apply for a £2000 loan if this would be more beneficial for you. Before you apply, you should always consider the amount you need rather than the maximum available to you. Each application is subject to credit and affordability checks so cannot be guaranteed you will be approved for the higher amount.