Here at QuidMarket, we offer £500 loans to hard-working people who need extra cash for emergency expenses. If you need a £500 loan in the UK and want a responsible and reliable lender who will treat you fairly and keep your best interests at heart, you are welcome to apply with QuidMarket today.
- New customers can borrow money between £300 and £600*
- Returning customers may be eligible to borrow up to £1,500*
- Flexible repayment terms between 3-6 months
- QuidMarket is an FCA Authorised responsible lender
- We’re direct lender
- No hidden fees for £500 loans in the UK
- Quick and easy application online
- Decisions made by humans, not computers
- No guarantor or collateral required
- All credit scores considered
- You’ll usually receive the cash the same day as approval
*Loan amounts and repayment terms are dependent on affordability checks
For more information about our £500 loan UK service, you may find our How It Works guide useful, and we also have a dedicated FAQ page. If the answer you need isn’t there, you’re welcome to contact QuidMarket and our friendly expert advisors will be more than happy to help you.
About Our 500 Pound Loans
QuidMarket is a responsible lender – and very proud to be so. We always want our customers to be completely confident in their choices, and the best way to do that is to help you decide if a £500 loan is the best choice for you. You should apply for a 500 pound loan if that is the amount you need to cover your emergency expense – whether that’s a broken down boiler, emergency home repair or urgent garage bill. You should not apply for a £500 loan if you don’t need that much – over borrowing will lead to paying interest unnecessarily.
Our £500 loans in the UK are short term loans. You can choose how long you’ll need to repay your loan, between three and six months, and we’ll create a tailored 500 pound loan that suits your budget perfectly. You can use the loan calculator on our homepage to help choose the best loan term for your £500 loan. As you click each term, we’ll show you an example instalment loan repayment schedule, but bear in mind that yours may vary as we create bespoke plans for each customer to suit their individual finances.
We are a direct lender, which means that you don’t pay any broker fees – or other service fees of any kind – for your £500 loan with us. It also means we make all lending decisions ourselves, and you’ll always have a direct line of contact with your loan provider should you need us.
Our £500 loans are unsecured, which means we never ask you to provide a guarantor or for collateral, such as your home or car, in order to be approved for the loan. We have carefully designed our 500 pound loans to be flexible for our customers’ finances, and would never approve a 500 pound loan application if we didn’t think you would be able to keep up with repayments – so the extra risk of collateral and guarantors isn’t necessary.
We’re a £500 Loan Lender with a Difference
Here at QuidMarket, we believe in doing the best we possibly can for our customers. That means we have committed to always putting your best interests first. As part of that, we always follow responsible lending guidelines, and will only be able to provide a £500 loan if it makes sense with your current finances.
If you have a low credit score, you may know that it can be more difficult to be approved for £500 loans. Even if you’ve already been turned away by another lender for a 500 pound loan due to having a credit score below their minimum threshold, we may still be able to consider your application for one of our loans for bad credit. This is because the most important factor for us is whether you can sustainably afford your £500 loan. If you would be able to cover the repayments each month, as well as having extra cash left over, we will usually be happy to approve your application, whatever your credit score may be.
Unfortunately, we are not able to approve every application we receive for £500 loans. We could not, in good conscience, provide a 500 pound loan if we determine that it could lead to further financial difficulty. Defaulting on emergency loans would negatively impact your credit rating, and make it more difficult to be approved for credit in the future.
How to Apply for Our £500 Loans in the UK
Before applying for our £500 loan UK service, you must meet our eligibility criteria. These are:
- Live in the UK
- Over 23 years old, and under 65 years old
- Have a mobile phone (we send an SMS code during your application)
- Hold a UK bank account with a valid debit card (we run a verification check that takes 1p)
- Be in employment and take home at least £1,300 a month.
If this sounds like you, you’re welcome to apply for a £500 loan with QuidMarket. Getting started is as simple as clicking Apply Now and filling out the application form. We’ll ask some straightforward questions about you, your employment status (we’ll never contact your employer for any reason) and your current finances.
It should only take a few minutes to complete the form, but it’s important to be as accurate as possible, or it may cause delays in your application.
Once you’ve submitted your application for a 500 pound loan, a fully trained member of our team will check over your application. Sure, we could save a few minutes by automating this process and relying on algorithms, but doing it this way allows us to offer £500 loans responsibly and fairly, with a human touch. We’ll still aim to come back to you with a decision as quickly as we can, and strive to offer same day loans whenever possible.
If you need to speak with our friendly and expert advisors before deciding if a QuidMarket £500 loan is the right choice for you, you can contact us today. Once you’re ready, it’s quick and easy to apply online.
Our 500 pound loans are offered for short terms, so if you are in need of a quick cash solution and want to repay over a few months, we may be able to help. As our loans are designed to be used in an emergency, they will need to be repaid over a short term, which can often be a costly way of borrowing. This means you should only apply for this type of loan if you have exhausted all other options. We have made it easy for you to decide if a £500 loan in the UK is the best option for you by clearly laying out our processes and costs up front. This will allow you to work out the best loan term for your needs, then all you need to do is fill out our quick and easy online application form.
In the past, a poor credit score may have made searching for loans difficult. However, QuidMarket is dedicated to helping hardworking people overcome emergency financial situations. Because a large part of our lending decision is whether the loan is sustainably affordable for you, we are able to offer financial products to those with poor credit scores. As a £500 loan direct lender, we review your monthly income, essential spending, and other financial commitments to ensure within reason that taking out the loan is not likely to lead you to further financial difficulties. So, whether you have been turned away in the past or have past defaults, arrears, or CCJs, you may be able to secure the 500 pound loan you need.
To make our £500 loans as affordable as possible for our customers, we tailor our quotes based on your personal circumstances. The amount you repay will vary depending on the loan term you choose, so you can use the loan calculator tool on our homepage to estimate the costs of the exact loan you need. You can also rest assured that we follow the FCA’s guidelines on costs, which means you will never pay more than 100% of the original loan amount.
At QuidMarket, you can borrow more than a £500 loan in the UK. We provide loans to new customers between £300 to £600, so there are a wide range of amounts to choose from. We set our limit at £600 because we care about our customers’ wellbeing and we would never want a new applicant to borrow more than they need. Our loan amounts increase in increments of £50, so there is no need to overborrow. However, if it is necessary for you to apply for more than £500, we can offer cash up to £600. Remember that you will need to repay whatever you borrow with interest, so only apply for what you truly need.