£500 Loans Online

For Everyday Lives

We work fast to provide you with a decision on the same day, so you won’t be left waiting to find out if you have been approved. Once your personal Customer Care Manager reviews your application, they may need to call you to confirm details, but this is generally very quick, no longer than 5 minutes. If we have all the information we need from the CRA and can approve your application, we can then send your loan agreement for you to sign. Once completed, you could have the funds within 10 minutes into your bank account.

We’re required to perform a credit check for all applicants by the FCA, so we cannot provide £500 loans without a credit check. However, if you are someone with a low credit rating and are concerned you’ll be declined, at Fast Loan UK we work differently. A credit check is one part of our approval process, so we may still be able to help provide a £500 loan for bad credit if the loan is affordable for you.

We do not charge any hidden fees with our £500 loans, so you will be able to see the full costs before signing a loan agreement if approved. We feel it’s important for our customers to have full transparency with our loans, so you will be able to see all information regarding the amount of interest and default fees before proceeding with an application. We only charge interest for the days you have borrowed, and we do not charge any late payment fees or processing fees.

We cannot guarantee approval before fully assessing an application and completing credit checks. If you have bad credit, we may still be able to help you with a £500 loan if you can afford the repayments and we can determine this. If you find lenders online that claim to offer guaranteed loans, you should carefully consider whether they charge any additional or hidden fees instead. At Fast Loan UK, we are happy to help customers with a bad credit history as long as they can afford to sustain the necessary repayments.

We can help you apply for up to a maximum of £800 as a new customer. If a £500 loan is not quite enough to cover your emergency expense, you can use our loan calculator to see how much the repayments will be for a loan up to £800 if you require it. Potentially, we can offer loans up to £2,000 for returning customers, but this is only once your first loan has been fully repaid and is subject to credit and affordability checks. You should only apply for the loan amount you need rather than the maximum amount available.

If you want to settle your loan in full early, all you need to do is get in contact with your Customer Care Manager. They will be able to provide you with an early settlement figure which can mean you will save money on the total amount of interest. We only charge for the days you have borrowed, so potentially you may pay back less in total than if completing the full term. Please note, that there will be an early settlement fee of £10 that may be added to the settlement figure.