Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk
Are you looking for a £1,500 loan to help plug an unexpected expense?
Whether you’re hoping to fund urgent car repairs or cover the cost of an unplanned bill, Cashflex could help you search for a £1,500 loan to suit you.
Cashflex is a credit broker. Using soft search technology, we can scan our panel of over 30 responsible lenders, with no impact to your credit score.*
You can use Cashflex to help you search for a £1,500 loan if you:
*If Cashflex is able to match you with a loan and you choose to make a full application, the lender will be required to carry out a hard search. A hard search will remain on your credit file for up to 12 months and multiple hard searches within a short period of time could damage your credit score.
Yes. Cashflex, and all the lenders we work with, are authorised and regulated by the Financial Conduct Authority (FCA).
Cashflex is a trading name of Digitonomy Limited. You can find us on the FCA register here.
Cashflex allows you to search for a £1,500 loan with repayment terms of either:
The total cost of a £1,500 loan will depend on several things, including the rate of interest you’re offered, and the term of the loan.
The longer the term, the more you’ll pay in interest, although you will have longer to spread the cost of the loan. A shorter term will mean that your monthly repayments are higher, but you won’t be charged as much interest.
Yes, you could apply for a £1,500 bad credit loan, but you should think very carefully before deciding whether this is the right decision for you at this stage.
Having poor credit history doesn’t necessarily mean that your application will be turned down; there are a number of lenders on the Cashflex panel who specialise in loans for people with bad credit. If you do decide that a bad credit loan is a suitable option for you, you should bear in mind that you could be offered a higher rate of interest. There’s also a possibility that you might not be able to borrow as much money as you need to, meaning that you may need to settle for a lower amount.
Having no credit history is otherwise known as having a ‘thin’ credit file. A thin credit file often occurs if somebody has never paid bills or borrowed credit before. This may be especially common in younger people who are starting out on their credit journey.
Finding a loan when you have a thin credit file can be tricky. This is because, with no indication of how you might manage credit, lenders may view your application as a risk.
A number of lenders on the Cashflex panel would be willing to consider applications from people with no credit history, although if successful, you may be presented with a higher rate of interest.
It is not possible to get a loan without an affordability check in the UK.
The FCA requires all authorised and regulated lenders to carry out an affordability check. This may be in the form of either a hard search or via Open Banking.
Open Banking allows lenders to gain an understanding of your recent financial activity by viewing your online banking account with read-only access.
Only you can choose who has access to your account and you can withdraw your consent at any time.
Open Banking could be used by lenders who consider applications from those with poor credit history, or no credit history at all, as it offers a different perspective of your spending and repayment habits, rather than relying on your credit score alone.
Searching for a £1,500 loan with Cashflex is straightforward.
We’ve provided a breakdown of how it works below.
1. Our online form should take no longer than five minutes to complete.
2. Using the information provided on your application, we’ll run a soft search and scan our panel of lenders for a suitable £1,500 loan.
3. If we’re able to match you with a loan, you will be redirected to the lender’s website. Here, you can find out more about the £1,500 loan.
4. Should you decide to make a full application with the lender, they will carry out an affordability check, which will include a hard search or Open Banking.
5. If the lender is happy with the outcome of their checks, you’ll be sent a loan agreement. Please take the time to read through this carefully, and make sure you understand the terms and conditions before choosing whether to sign and return.
Your £1,500 loan could be sent the same day as your application is approved, although this will depend on the lender’s individual payout timescale.
The time it takes for the money to appear in your bank account will depend on your bank’s policies and procedures.
In the event that you’ve taken out a loan that you’re struggling to repay, you should contact your lender. They will appreciate the fact that you’ve reached out and been honest about your situation and will be keen to work with you to put a plan in place moving forwards.
Free, confidential money and debt management advice is available through several charities and organisations, such as StepChange, MoneyHelper, Citizens Advice, and National Debtline.
Why choose us
Sometimes, the unexpected happens that means you need money fast. Here at Cashflex we offer a user friendly process to help you find same day loans in a responsible and affordable way.
The exact amount you can borrow depends on your personal circumstances and can differ by lender. You can apply for a loan between £100 and £10,000
This is dependent on the amount that you wish to borrow. The repayment terms can be: 3 months, 6 months and 12 months to name a few, ranging right up to 36 months.
Yes. If you are unsure you can use our FastCheck tool to find out your loan eligibility.
Yes.
Try our FastCheck tool with no impact to your credit score
Our tool allows you to calculate your chance of being accepted for a loan.
Check out what our trusted customers had to say.
Representative example: Amount of credit: £1000 for 12 months at £134.94 per month. Total amount repayable of £1,619.26 Interest: £619.26. Interest rate: 99.9% p.a. (fixed). Representative 99.9% APR.
We’re a fully regulated and authorised credit broker and not a lender.