£500 loans
If you need a £500 loan today, using a responsible lender could be one of the safest ways to get the cash you need quickly. If you’re accepted for our short-term loan, you could have the cash in your nominated bank account in 15 minutes. How much do you want to borrow?
Representative Example: Borrow £400 for 4 months, 4 monthly repayments of £149.37. Total repayment £597.48, interest rate p.a. (fixed) 255.5%. Representative APR 939.5%. Compare Moneyboat loans.
Warning: Late repayments can cause you serious money problems. For help, go to www.moneyhelper.org.uk.
Simple
Apply for a loan hassle-free with an easy application process.
Direct
Get the money you need sent directly to your bank.
Fast
Funding can be released to our approved customers within 15 minutes.*
Reliable
Free application process with transparent borrowing charges.
Apply for a £500 short-term loan today
Your car failing its MOT, right before a big business trip or your boiler flooding your kitchen are just some of the nightmare scenarios that can leave you in a bit of a panic. When you need to pay for an emergency, despite having no cash to spare, then a £500 emergency loan can give you quick access to the money you need without having to mortgage any of your belongings or assets.
What can I use a £500 loan for?
A payday loan is designed for you to use in emergencies or desperate situations where you need cash quickly to keep your life running smoothly. This could include covering the cost of:
- Your car needing repairs or an MOT
- Your appliances breaking, such as your boiler or washing machine
- Essential house repairs
- Unexpected medical bills
Our short-term loan helps you bridge the gap when you’re running short on cash, so you can get financial support quickly and safely.
Choose Moneyboat for your £500 loan
Moneyboat is a trusted FCA-approved lender, and we pride ourselves on ensuring that every one of our approved customers receives a loan that works for them. This means we always follow responsible lending guidelines, and we only provide a £500 loan if it makes sense with your current financial situation.
Even if you have a poor credit history, you may be able to apply for loans for bad credit provided, you meet our criteria. Our first-time loan applicants can borrow not just £500, but up to £800 if they're eligible. The maximum loan you can receive from Moneyboat is £1500 if you've previously borrowed from us and kept up with all your monthly repayments.
Trusted Direct Lender
We directly lend payday loans to our customers without involving any brokers.
Multiple Borrowing Options
Approved new customers could borrow £200-£800, and existing customers could borrow up to £1,500 upon passing credit and affordability checks.
No Guarantor Needed
You don't need a guarantor to apply for our payday loan, as we provide an affordable loan solution based on your financial requirements.
Friendly Advisors
Our experienced team is here to help you with any questions you may have throughout the application process.
Moneyboat's service is rated Excellent
What are the advantages of £500 loans?
- Get the money you need, fast*
- You can apply for a £500 loan even with bad credit
- Pay back to a schedule more suited to you
- No guarantor needed
What are the disadvantages?
- Short-term loans have higher interest rates than bank loans
- A £500 loan may not be right for you – check out our alternative options to ensure it meets your needs
- Taking out loans can lead to dangerous financial behaviour. Speak to MoneyHelper today for support.
Can I get a £500 loan with bad credit?
Here at Moneyboat, we consider every application individually to assess your needs and whether we might be the right product for you. If you pass our checks and eligibility requirements, then we can offer you a £500 loan even with a poor credit score.
Our short-term loan can be a lifeline when you are in a desperate or emergency situation, but it may not be the solution you need right now if you are struggling with repaying debts. It’s best to try repairing your credit score and learning how to build a budget for yourself to help you avoid having to borrow in the future.
We carry out a credit check on every application, as regulated by the Financial Conduct Authority – there’s more information on what you can expect a credit check to bring up in our guide on 'How does a credit check work?'- however, this may not negatively affect your application if we find that you are still a suitable candidate for our loans.
Representative Example
Based on the last working day of each month
Interest rate 255.5% pa (fixed) Representative 939.5% APR
| Borrow | Payback Period | Monthly Repayments | Total |
|---|---|---|---|
| £400 | 4 months | £149.37 | £597.48 |
Warning: Late repayments can cause you serious money problems. For help, go to www.moneyhelper.org.uk.