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Home » Loan Amount » £500 Loans

£500 Loans

We can offer £500 loans to hard-working people who need extra cash for emergency expenses. If a £500 cash loan would help you in the short-term, and you want a responsible and reliable lender who will treat you fairly, even with bad credit, you are welcome to apply today. Choose flexible repayments between 3 – 6 months and get a quick decision online.
No Hidden Fees
Same Day Cash Transfer
Flexible Repayments
Your Details Are 100% Secure
No Guarantor Required
FCA Authorised

I Would Like To Borrow

£500
£300 £1500
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Month 1

£

Month 2

£

Month 3

£

Month 4

£

Month 5

£

Month 6

£

Representative example: Borrow £300 for 3 months - Interest payable £154.38 - Total amount payable: £454.38 in 3 instalments - 3 payments of £151.46 - Representative 1303.10% APR - Interest rate 292% per annum (fixed). Repayment periods are 3 months to 6 months, Additional options may be available to you as a repeat customer. Total Maximum APR 1625.60%
Trustpilot

As a new customer the minimum repayment period is 3 months and the maximum is 6 months. Additional options may be available to you as a repeat customer. *Applications submitted outside normal business hours will be processed on the next working day. *All applications are subject to affordability checks*

Representative example: Borrow £300 for 3 months / Interest payable £154.38 / Total amount payable: £454.38 in 3 instalments / 3 payments of £151.46 / Representative 1303.10% APR / Interest rate 292% per annum (fixed) / Maximum APR 1625.60%

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Trusted FCA Lender of £500 Loans in the UK

QuidMarket is a responsible FCA authorised lender – and very proud to be so. We are committed to ensuring that our customers make informed decisions and feel confident about their choices. If you are considering a £500 loan – £1500 loan to address a short-term emergency expense, such as an unforeseen bill or unavoidable financial need, we are here to you where we can.

By applying today, you can take advantage of our flexible repayment options, allowing you to choose a term between 3 and 6 months for a loan. This way, we can create a tailored loan that perfectly aligns with your budget, making the repayment process manageable and convenient for you. Feel secure in your financial choices with our reliable and transparent services that have helped many customers already.

£338k+
Successful approved loan applications.
£140m+
Lent to customers in short term loans.
6,976+
5 star customer reviews on Trustpilot.
man at desk applying for 500 loan
woman on phone sitting on sofa

We’re A £500 Loan Lender With A Difference

At QuidMarket, our priority is helping our customers in the best possible way when they need financial help. We prioritise your best interests by adhering to responsible lending guidelines, ensuring we only offer loans for £500 if they align with your current financial situation.

We understand that a low credit score can make it challenging to secure loan approval when you need it most. Even if other lenders have rejected your application based on their minimum credit score requirements, we’re willing to consider your application and provide loans for bad credit. For us, the critical part is assessing whether you can comfortably sustain the loan without further financial strain. We welcome applications from those with varying credit scores, as long as you can afford the repayments.

However, it’s essential to be transparent, and we don’t make false promises with our loans. We cannot approve every application we receive for a £500 same day loan. Our commitment to responsible lending means we will not provide a loan if we believe it might lead to additional financial difficulties for you. We care about your financial well-being, and defaulting on emergency loans could have a negative impact on your credit rating, making it harder to obtain credit in the future.

If we can assist you today, we’ll look to provide a quick decision on a tailored loan that suits your budget. Your financial stability and satisfaction are always important to us.

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£500 Loan Application Process

Filling out an application for your £500 loan should only take a few minutes, however, it’s crucial to provide accurate information to avoid any delays in processing this. One of our highly trained credit analysts will manually review your application, and while we could speed up this process by using automated algorithms, we believe in offering responsible and fair loans with a human touch.

Our approach ensures that each application is carefully considered, allowing us to make informed decisions while maintaining a personal connection with our customers. Rest assured, you’ll still receive a quick response as we aim to offer same day loans whenever possible.

Should you need any help or want to consult with our friendly and expert advisors before deciding on a QuidMarket loan, please don’t hesitate to contact us. We are here to address your concerns and guide you through the process. When you’re ready to proceed, applying online is quick, simple, and convenient.

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  • 01 Application Process

    We’ll provide you with a decision in principle agreement within minutes of completing your application.
  • 02 Underwriting Process

    Our expert underwriting team will then review your application and conduct credit and affordability checks.
  • 03 Loan Repayment

    A Continuous Payment Authority (CPA) on your bank account will process repayments, which will continue until your loan is repaid.

Why Apply For a £500 Loan With QuidMarket?

With QuidMarket, you can expect a customer-centric experience, where we value your financial well-being above all else. We aim to provide you with an urgent £500 loan that suits your circumstances and is manageable for you. By choosing us, you gain the assurance that your application is treated with care and consideration through ‘human’ lending, setting us apart from impersonal and automated loan processes commonly found elsewhere.

£338k+
Successful approved loan applications.
£140m+
Lent to customers in short term loans.
6,976+
5 star customer reviews on Trustpilot.
woman shaking hands after being accepted for a loan
older woman looking at data sheet
shaking hands after being accepted for a loan
couple looking at loan application

£500 Loan Eligibility Criteria

Before applying for a £500 loan, you will need to meet our eligibility criteria first:

  • Be between the ages of 23 and 65
  • Be a resident of the United Kingdom
  • Have a valid mobile number to receive text messages
  • Possess a current UK bank account with a valid debit card
  • Be employed and receive a take-home salary of at least £1,250 per month

If this sounds like you, we welcome you to apply for a £500 loan today. Starting the process is effortless – just click Apply Now and fill in our straightforward application form. The questions we ask will only be the essential details about yourself we need to know, along with your employment status (please note that we will never contact your employer for any reason), and your present financial situation.

Take the first step towards securing the financial assistance you need by applying with us. Rest assured that we value your privacy and aim to make the application process as simple and hassle-free as possible.

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signing paper
icon check image Easy To Apply Our loan application process is easy to understand and can be complete in minutes.
wallet image icon Affordable Choose affordable, flexible repayments to fit your budget between 3 – 6 months.
thumbs up image Trusted Lender Transparency and fairness are our highest priorities. Bad credit loans with no hidden fees.

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£500 Loan FAQs

Our £500 loans cater to short-term needs, making them ideal for those seeking quick loans and the flexibility of repaying over a few months. However, it’s essential to understand that these loans are intended for emergencies, and as such, they require repayment over a short period, which may involve higher costs. Therefore, we recommend considering this type of loan only after exploring all other available options.

To help you in making an informed decision, we have taken measures to provide complete transparency in our processes and costs. You can clearly assess the terms and conditions before proceeding, helping you find the best loan term that suits your specific needs. You can then complete our application form and get a quick decision on whether we can help you today.

Our customer-centric approach enables us to look beyond a credit score and consider your current financial circumstances. In the past, those with poor credit scores often faced challenges while searching for loans. However, at QuidMarket, we are dedicated to assisting hard-working people in overcoming emergency financial situations where we can. Unlike traditional lenders, we take a holistic approach to the lending decision, focusing on whether the loan is financially sustainable for you. This allows us to offer loans to those with poor credit scores, providing an opportunity for those who may have been rejected elsewhere.

As a direct lender of loans for £500, we meticulously review various factors, including your monthly income, essential expenses, and other financial commitments. Our goal is to ensure that taking out the loan is reasonable and won’t lead you into further financial difficulties. So, even if you have faced rejections in the past or have dealt with defaults, arrears, or CCJs, there is still a possibility to secure an urgent £500 loan with QuidMarket.

At QuidMarket, we prioritise affordability for our customers, which is why we tailor our £500 loans to suit your unique circumstances. The repayment amount depends on the loan term you select, allowing you to tailor the loan to meet your specific needs. To get an estimate of the costs for the exact loan you require, you can use our loan calculator tool to see the expected repayments.

We take your financial well-being seriously and adhere to the FCA’s guidelines on costs. As a result, you can have peace of mind knowing that you will never be charged more than 100% of the original loan amount in interest, and there are no admin or hidden fees to worry about. Our transparent approach ensures that you have a clear understanding of the terms and conditions, enabling you to make well-informed decisions about your loan. We aim to provide a seamless borrowing experience with fair and reasonable terms affordable for you.

We offer flexible loan options for our customers, so as a new applicant, you can choose loans between £300 and £600. We’ve set our maximum limit for new customers at £600 because we genuinely care about our customers’ well-being, ensuring that you never borrow more than necessary. If you are a returning customer who has repaid their first loan with us in full, you may then be eligible to apply again for loans up to £1,500. It’s important to consider that you will be required to repay the borrowed amount along with the applicable interest, so we encourage you to apply for only what you truly need.

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Representative example: Borrow £300 for 3 months - Interest payable £154.38 - Total amount payable: £454.38 in 3 instalments - 3 payments of £151.46 - Representative 1303.10% APR - Interest rate 292% per annum (fixed). Repayment periods are 3 months to 6 months, Additional options may be available to you as a repeat customer. Total Maximum APR 1625.60%
Quidmarket is a trading name of Stagemount Limited Authorised and regulated by the Financial Conduct Authority, our firm reference number is: 677995. Registered Office; Stagemount Ltd, 8th Floor, Waterfront House, 35 Station Street, Nottingham, NG2 3DQ. Registered in England and Wales company number: 07259223. Data Protection: Z2501836. Copyright © 2024 QuidMarket Loans – Short Term Loans.
Warning: Late repayment can cause you serious money problems. For help, visit: www.moneyhelper.org.uk