Why Get a £1,500 Loan?
There are so many reasons borrowers apply for a £1500 loan, some of which include:
Unplanned bills
No matter how well you try to budget your finances, life doesn't always follow the same plans we have. You may be faced with a medical or dental emergency or you have an expensive home repair that simply can’t wait. A £1500 loan comes handy in this regard.
Fast Funding
Compared to loans from brick and mortar lenders and banks, a £1500 loans from online lenders are designed to give you a helping hand when you find yourself in a financial dilemma and need cash fast. They are short-term loans that offer a quick and easy solution for those moments when the unexpected happens and you need a financial boost.
Lenient Requirements
The requirements to apply for a £1,500 loan are somewhat lenient. In fact, almost anyone can apply for the loan; plus, they are unsecured, so you don't need to own a home to have this type of loan approved.
Get Cash When You Need It Most
Get StartedWhat Are Types of £1500 Loan?
There are different types of £1500 loans offered by lenders in the UK. These loans include:
Payday Loans
Payday loans are designed to see you through until your next payday. It's a way of borrowing money that does not require a collateral or guarantor. However, you must have a verifiable source of income.
Personal Loans
These loans can be for anything from medical expenses, tuition or to replace household items such as boilers, stoves or repairs to heating. They are generally quick to be approved but are not secured.
Car Loans
Financing a car doesn't need to be complicated. Car loans are specifically to help you purchase a new car. We can help you find the best deals for a car loan, including an unsecured personal loan or to help you with a hire purchase loan. These are usually secured against the value of the car you want to buy.
Guarantor Loans
Guarantor loans are a great way to start mending a bad credit score. If you find yourself with bad credit, you can ask a family member or friend to co-sign the loan with you. The guarantor will then be responsible for repayments on the loan if you are unable to complete the loan repayment.
Credit Union Loans
Credit unions are financial institutions where members' funds are used to lend to other members. These are usually limited to members in a certain area or industry.
At FastPaydayLoans, we can match you with a reputable lender that offers all these types of loans at a decent fee.
Why Trust FastPaydayLoans? | ||
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How much can I take out? | £100-£5000 | No obligation quotes |
Representative APR | 49.7%(variable) | Competitive rates |
Will bad credit be accepted? | Yes | Lenient requirements |
What are the repayment periods? | 1-36 months | Flexible loan term options |
How can I apply? | Apply online | 24/7 available |
Is It Possible to Borrow a £1500 Loan with a Bad Credit Score?
Of course, it is possible to borrow a £1,500 loan with a bad credit score, provided you meet other eligibility requirements. Our approach to lending £1,500 to those with bad credit is simple - we partner with reputable lenders that are licensed by the Financial Conduct Authority. Our lenders will look beyond your credit rating and take other things into consideration.
Your loan request will be approved once our lenders can confirm your replayability. So, endeavor to maintain a clean record before submitting your application.
How much would you like?
Representative Example: Rates from 43.1% APR to 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £1,200 borrowed for up to 75 days. Total amount repayable is: £1506. Interest charged is 0.34% per day, amounting to £306, annual interest rate of 124% (variable). Representative APR: 49.7% (variable).
How To Apply For a £1500 Loan?
The process of applying for a £1,500 loan is simple. Follow these steps and you'll be one step away from getting your loan request approved:
Step 1: Complete an Application Form Online
Applications can be completed online and all we need are your personal details and answers to a few questions.
Step 2: Credit Rating Checks
After submitting your application for a £1,500 loan, our team will carry out background and credit rating checks to confirm your repayment ability.
Step 3: Transfer To Lenders
Once we confirm your information, we will match you with a reputable lender that will quickly approve your loan request. In most cases, £1,500 loans are approved in a matter of hours.
Step 4: Funds Credited Into Your Account
Congratulations! You now have the requested funds in your checking account.