But before you apply for a £500, there are a few things you should know. Here’s what you need to know about them:
It is a short-term loan of a small amount less than £1,000 which could be your minimum most typical amount. These loans can be approved and funded within the same day. They are typically used to cover unexpected expenses or to bridge the gap between paychecks. They are usually unsecured, meaning they don’t require collateral, and they are typically for smaller amounts of money.
In order to qualify for a five hundred pound loan, you will need to meet certain criteria. Have a source of income and a good credit score. Be 18 years or older, have part-time or full employment and earn over £600. You will also need to provide proof of identity and proof of residence.
The process for applying for a short-term loan is relatively simple. Generally, you will fill out an online application and provide the lender with some personal information, such as your name, address, and income. It is important to carefully consider the terms and conditions of a short-term loan before signing any agreement.
Apply here for Payday loans £500 for an instant loan quote in minutes. All payday applications are online only from your very own desktop or mobile. Although the amount is small and makes seems affordable, you are still required to think before taking such a loan out as there are many charges associated with this product. Any loan regardless of the amount comes with charges or interest and most importantly you will be needed to sign a loan agreement.