Representative Example: Given a Representative APR of 1271%, if you borrow £300 over 6 months at 292% p.a. (fixed), you would owe 6 equal repayments of £96.39. You will repay £578.36 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
A £500 loan is a short term loan designed to help cover unexpected expenses or manage short term cash flow issues. These loans are suitable for covering costs like an unexpected bill, an emergency expense, or other immediate
financial needs. Typically offered by direct lenders, these loans are accessible to people with low credit scores.
With flexible repayment terms and straightforward processes, a 500 pound loan can act as a short term financial support and provide a convenient way to handle unexpected financial situations.
If you are looking to check your eligibility for a £500 loan with Lending Stream, then you need to:
During our application process, we might ask you to show proof of your income. As a responsible lender, we do this to ensure that you can comfortably afford the loan repayments.
Representative 1271%APR
If you’re looking for a 500 pound loan, Lending Stream is here to help. Our loan application process only takes a few minutes to complete. To apply with us, you need to fill in our online application form. We’ll ask you to tell us:
Once we receive your application, we’ll run a credit check and affordability check. This is to make sure you can comfortably afford the repayments. If approved, we’ll send the money to your bank within 90 seconds*.
Representative 1271%APR
With Lending Stream, new customers can borrow between £50 and £800, while existing customers can borrow from £100 to £1,500. The exact loan amount depends on your financial situation and eligibility. If approved, we’ll send the money to your bank in under 90 seconds*. If you want to repay early, you can.
Our focus is on providing transparent services with no hidden fees. Whether it’s your first loan or you’ve borrowed before, the conditions for borrowing remain the same.
At Lending Stream, you’ve got 6 months to pay back what you borrow. Our monthly repayments are designed to fit your financial situation, ensuring you can repay comfortably. We provide transparent information on the interest rate and the total repayment in your loan agreement.
If you want to repay your loan sooner, then that’s fine too! You can pay back as early as you want with no extra prepayment fees. Our loans are charged at a daily interest rate, and you’ll save money if you repay early.
At Lending Stream, we don’t guarantee approval. We look at many different factors when you apply for a £500 loan. We approach each application separately, based on your ability to repay. We don’t want you to borrow money that you can’t afford to pay back.
Your application may be declined, even if you were accepted for a loan with us in the past. Our customer service representatives won’t have access to information about credit decisions. So, they won’t be able to tell why you weren’t approved.
If your application is rejected based on the information, we receive from one of the credit reference agencies then we’ll let you know the name of the credit reference agency by email. You can check your credit file with them directly.
Short term loans for £500 will usually have a higher interest rate than a traditional high street bank. Is a 500 pounds loan what you need? Think carefully if this is the right amount to borrow to meet your needs.
A 500 pound loan can impact your credit file positively or negatively. Making monthly repayments on time can improve your credit score. However, missed payments or late repayments may harm your credit report. At Lending Stream, we provide clear terms to help you manage repayments responsibly and avoid financial issues.
Yes, you can apply for a £500 loan today with Lending Stream. We provide an instant decision. If approved, we’ll send the approved loan amount directly to your bank account. We consider applications from people with bad or poor credit history.
If you have a loan with us and are facing financial difficulties, contact us immediately. We’re here to support you and help you by providing solutions. Ignoring your loan repayments can lead to additional costs and impact your credit profile, resulting in a low credit rating.