£50 to £25,000
Paid out by †
£50 - £995
Rates 278% to 1576%
3-12 month repayment
£1,000 - £25,000
Rates 4.7% to 278%
3-36 month repayment
Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed).
The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances.
† Not all loan types and amounts are eligible for 20 minute payouts. Your chosen bank may increase the time you receive the funds.
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Credit £3,250 for 36 months | Interest (fixed at 41.16%): £2,464.57. | Total amount payable of £5,714.67.
Representative 49.9% APR. | 36 repayments of: £158.57.
Monthly repayment of £447.00.
Total repayable is £16092.00. Interest payable is £6092.00.
Fixed APR of 39.9%. Interest rate of 34.05%.
A short guide to 300 loans in the UK
Being faced with a financial crisis is something that many of us in the UK are quite accustomed to. These happen when the money left in our pockets is not enough to make ends meet or cover an unexpected expense like a broken down car that needs urgent repairs. Sometimes, however, we only need a small amount of cash like £300 to remedy the financial problem. Fortunately, if you want to borrow three hundred pounds right away, there are 300 loans in the UK that you can access with ease both from a brick-and-mortar store and online lenders as well.
What are 300 loans?
300 loans are designed to provide borrowers with a quick and seamless way to enjoy instant funding for small amounts. Because the amount credit is just for several hundred pounds, the payment terms are often short, like a month or a bit longer depending on your lender and the type of option that you choose.
And given how competitive the loan industry is in the UK today, there are plenty of options that you can consider at your disposal. There are reputable lenders who provide 300 loan products with varying payment terms and there are even those that will allow you to pay off the money that you borrowed through fixed, instalments in as long as 3 months. Now more than ever, the advent of the internet and smartphones have made it easier for Britons to shop around and choose the ideal financial product that suite their needs and present circumstances best.
How you can use 300 loans in the UK
300 loans are one of the best solutions to any pressing financial need. The short-term financial products are designed for emergency use which means that the application process you will need to complete to avail them will be tailored for optimum ease, speed, and convenience. In fact, you can accomplish an application for the type of loan in less than 20 minutes and once it’s approved, the money can be transferred into your bank account within 24 hours or the next day at the soonest.
The loans are also perfect for dealing with cash shortages and temporary financial problems until your next payday. All in all, the credit products are ideal for addressing numerous financial needs and purposes such as:
- Urgent car repairs
- Unexpected home repairs like worn-out windows and leaking roofs
- Emergency cash needs like covering bills that are due in the coming days
- Addressing medical bills
- And almost any type of borrowing need and purpose
One of the top reasons why Britons apply for 300 loans from time to time is because of the great flexibility that they offer. Since the financial products are offered in several hundred pounds, you can avoid committing to a large loan that you will have to pay off in years. After all, when we are faced with an emergency situation, it doesn’t automatically mean that we will have to secure thousands of pounds worth of credit. Sometimes, we just need a small amount of funding to get by and 300 loans are one of them.
Qualifying for 300 loans
There are numerous types of 300 loans that you can easily take out in the UK, depending on your needs and the kind of payment term that you wish to follow. But just like any other kind of loan, however, you will need to meet some basic eligibility criteria first to be qualified. The good news is, it’s very easy to satisfy them and the information that you will need to provide in your application is pretty basic and minimal. Often, as long as you are in the legal age of 18 and have an income that can afford the repayments, getting approved would be easy.
The different kinds of 300 loans in the UK
When you are looking to borrow 300 pounds for whatever reason, you can turn to an assortment of different lenders to satisfy your need for funding. There are also plenty of options that you can choose from including:
- Payday loans
- Doorstep loans
- Instalment loans
Numerous borrowers in the UK also rely on small loans that provide open lines of credit when they intend to secure 300 loans. The type of credit can be used on multiple occasions until you have exhausted the limit. The three 300 loans options mentioned above do not offer this kind of unique feature but they will allow you to access the kind of funding that you need with the same exceptional speed, ease, and convenience.
300 loans for bad credit
Normally, when you apply for a loan from a bank, your credit rating will be considered as a prime factor in getting approved. This means that if you have a bad credit rating or still have to make your own credit profile, then obtaining a bank loan would be next to impossible.
With 300 loans, however, you don’t need to have that stellar credit rating to convince lenders that you are a worthwhile borrower. People with bad credit, poor and non-existent credit histories are welcome to apply and enjoy high approval chances as long as they have an income that is enough to cover the loan’s repayments.
It’s important to note, however, that while credit rating is not an important factor, income and other factors of borrowing will still be considered. Having a proper address and identification, for instance, is vital as it is a means to combat identity theft and fraud in the loan industry.
Acquiring 300 loans from a reputable lender
300 loans are increasingly becoming popular all over the UK because of their flexibility and the kind of speed and ease that they provide to borrowers who are looking to secure a small amount of credit. This kind of popularity, however, has unfortunately drawn in dubious lenders, scam artists, and loan sharks. So you can avoid these elicit types of lenders, make sure that you will be dealing with a reputable 300 loan source. Only opt with lenders that are FCA (Financial Conduct Authority) licensed and make sure to check a lender’s background before making an application.
Loanize is a licensed credit broker and not a lender.
We will never charge you for our service and the lender will not increase the rate to cover our fee to them.
We work with over 40 different lenders to bring you the very best rates from across the UK market.
Representative Example: Borrow £200.00 for 60 days. Repay in 2 payments, first payment in 30 days
Each Payment: £147.04. Total Repayment: £294.08, Interest: £94.08.
Interest p.a: 365%(fixed). Representative APR 1058%
Warning: Late repayment can cause you serious money problems. For help, go to moneyadvice.org.uk.
Do not borrow more than you can pay back as defaulting on payments can lead to serious monetary problems.
Any collateral you have against the amount may be at risk of repossession.
Finding the Right Loan for You
There are many kinds of loans that you can get while using a guarantor. We have divided our site to focus on specific kinds to make it far easier for you to make sure you are getting the finance plan you are looking for.
If you are looking for something specific then check to see if our sub-sites cover what your after. If they don’t just get in contact with us and we will definitely be able to help.
5 most recent personal loan reviews
Review of Ikano Bank
Honest, realistic and genuine, I can't say anymore than that. I had problems with credit in my past that were cleared but unfortunately my credit score was very poor but thankfully Ikano loans gave me a chance to rebuild that. High rates, but that's expected when getting a loan with such bad credit. Thanks again for your support.
Review posted by Peter Harrow, Thornbury
Ease Of Use
Value For Money
Review of Money Guru
Excellent communication and a very quick and easy process. Authorisation telephone call was conducted by a friendly and polite lady who explained everything clearly. Would highly recommend this company.
Review posted by Melanie Steele
Ease Of Use
Value For Money
Review of Satsuma
The service was simply amazing. I have never taken loans service seriously, my view point has now changed. I needed the money for flight tickets to attend a funeral and I could have not been dealt with in such an amazing manner. The interest rate was also better than I expected. Certainly will be paying the money back early as this was really an emergency and a life saver.
Review posted by Wayne Crouch, Plymouth
Ease Of Use
Value For Money