£500 Loan - Borrow 500 Pounds Today

In the event of a financial emergency, a £500 loan could help to keep you afloat if your savings fall short or you don’t have the immediate funds to cover the cost.

Cashflex is a credit broker, working with a large panel of trusted and responsible lenders. Cashflex could help you search for a suitable £500 loan, saving you time and helping to protect your credit score.^*

Why choose Cashflex to help you search for a £500 loan

• Cashflex, and all the lenders we work with, are authorised and regulated by the Financial Conduct Authority (FCA).
• We don’t charge any fees; our service is completely free to use.
• Our online form is simple, straightforward, and can be completed in less than 5 minutes.
• You can search for a loan 24 hours a day, 7 days a week, at a time and place that suits you.
• No-obligation quotes.
• Any credit score considered.

Can I search for a £500 loan with Cashflex?

You can search for a £500 loan with Cashflex if you:

• Are over the age of 18;
• Are a UK resident;
• Have a UK bank account and valid debit card; and
• Have a regular source of income paid directly into your bank account.

What are my chances of getting a £500 loan with bad credit?

You should think very carefully before applying for a bad credit loan.

Getting approved for a loan when you have bad credit can be challenging, and if your application is accepted, you may be offered a higher interest rate, or you might not be able to borrow as much money as you need.

If you’ve thoroughly researched all the options available to you and decided that a bad credit loan could be suitable, it may help to know that several of the lenders on the Cashflex panel specialise in loans for people with bad credit and would be willing to consider your application.

Worried about bad credit? Check your chances of approval before you apply

Cashflex’s FastCheck tool has been designed to reveal how likely you are to be approved for a loan before you make a full application.

FastCheck is free to use, takes just 60 seconds to complete, and will not harm your credit score.

How long do I have to repay my £500 loan?

With Cashflex, you can search for a £500 loan with repayment terms of either 3, 6, or 12 months.

The longer the term, the more time you’ll have to spread the cost of the loan, but the more you’ll pay in interest.

How much interest will I pay on a £500 loan?

The interest rate you’re offered will be based on various factors, such as your credit score.

How can I search for a £500 loan with Cashflex?

Here’s what you can expect from the Cashflex process.

1. Use the slider tool on our website to select £500 and choose your ideal repayment term.
2. Tell us a little bit about yourself. Our online form should take around 5 minutes to complete.
3. We’ll run a soft search and scan our panel of lenders for a loan suitable for you, based on the information you’ve provided. If we’re able to match you with a loan, you’ll be redirected to the lender’s website.
4. If you’d like to proceed and make a full application, some further checks will be carried out by the lender, including a hard search. Some of the lenders we work with may use Open Banking as part of their process.
5. If you pass the lender’s checks, you’ll be sent a loan agreement. You should put some time aside to read through this carefully. If you’re happy with the terms and conditions of the loan, you can sign and return the agreement. Your lender will then advise you on the next steps, including when you can expect to receive your money.

Jargon buster: Open Banking is a safe and secure type of affordability check used by some lenders. Open Banking provides a recent, read-only insight into your financial activity using information from your online bank account. You can withdraw your consent for Open Banking at any time.

How long does it take to get a £500 loan?

If approved for a £500 loan, your money could be sent today. A number of lenders on the Cashflex panel are able to send your money the same day your application is approved, although you should bear in mind that the time it takes for the money to become available in your account will depend on your bank’s policies and procedures.

I can’t afford to repay my loan; what can I do?

If you’ve taken out a loan that you’re struggling to repay, you should contact your lender as soon as you can.

This can feel like a daunting move, but please know that it’s the first step towards addressing the worry and setting a plan in place to work through it. Your lender will be able to discuss any options that may be available to help relieve the pressure while you get back on your feet.

Free money advice is available

Remember, money worries can happen to anyone at any time; you have nothing to feel ashamed about.

Whatever you’re going through, you can access free, confidential money and debt management advice through charities and organisations such as StepChange, MoneyHelper, Citizens Advice, and National Debtline.

* Cashflex uses soft search technology with no impact to your credit score. If we’re able to match you with a loan and you choose to make a full application directly with the lender, a hard search will be carried out by that company. A hard search will remain on your credit file for up to 12 months and undergoing multiple hard searches within a short period of time could have a negative effect on your credit score.