The Very Best Loans with Loantra
Apply Today to Borrow up to £995
*Rates from 278% to 1576%
*3-12 month repayment
Apply Today to Borrow up to £25,000
*60-Second Application Form
*Rates from 4.7% to 278%
*3-36 month repayment
1500 Loans You Can Apply For Today
Finding yourself confused on where to get 1500 loans? There are a few alternatives you can try to get the money you need.
Whether it’s to cover car repairs or attend medical bills, there are times when you need to come up with extra cash immediately. These unexpected expenses are often beyond your savings and unfortunately, are needed days before your next paycheck arrives. Luckily, there are many loan providers readily available in just a few clicks. However, despite its accessibility, you should be careful about who you are dealing with. You cannot see the person you’re talking to and there are only a few ways to verify his identification. Falling for the wrong lender may lead to repaying excessive interest and charges, getting scammed, or worse – being a victim of identity theft. Therefore, be sure to check the loan provider’s license to operate first before sharing personal and financial information or even sending money. Also, you can confirm the lender’s legitimacy by asking your credit bureau.
Am I Qualified For 1500 Loans?
With the lenient requirements nowadays, almost everyone with a job or a good source of funds can take home 1500 loans. Nevertheless, it’s best to contact the lender to know the actual prerequisites they need. Here are a few things you must remember:
– Age. You must be at least 18 or 21 years old (varies according to the lender)
– Employment. Most loan providers will require you to be employed for a minimum number of months, but you can always find a lender who will consider unemployed individuals. Freelance and part-time workers can be qualified for the loan as well as those who are receiving benefits and/or pension.
– Income. This is the most crucial factor when getting a loan; you need to be earning income – from employment, benefits, and the like – to be eligible for 1500 loans. Some lenders may look a minimum of how much you need to acquire monthly or annually; meanwhile, there are others who will just need to see the history of your salary.
– Welfare. As mentioned, those who are receiving welfare payments can still get a loan. However, there may be restrictions applied, such as the maximum amount you can borrow.
– Credit History. Most banks and traditional loan facilities will automatically have your loan application rejected if you have a bad credit, but not with 1500 loans online. Most online lenders will still allow you to get a bad credit loan, even if you’ve been declined beforehand or have filed for bankruptcy.
How To Know What To Apply For?
There are a number of loan providers offering 1500 loans over the Internet, let alone the ones offered by banks. Asking yourself a few things before you take out an advance can help you find out what you should apply for:
- What Is The Purpose Of The Loan?
Finding out what you need the loan for will help narrow down your research. If you’re aiming to buy a new property, perhaps a brand new or used car, then it’s best to look for a secured loan. if you need quick cash to cover an emergency, like a medical expense, you can turn to short-term loans or any loans that can get you money in the soonest possible time.
- What Is the Status Of Your Credit Report?
As always, good and bad credit borrowers will have different options available to them. If you have a good or excellent credit rating, you have many alternatives to consider and most of which offer low-interest rates and flexible repayment terms, such as banks and traditional lending facilities. If you have a bad credit remark and you need 1500 loans, you are bound to limited options such as bad credit loans – which often come with high-interest rates, the small amount, and shorter repayment period.
- What Repayment Term Can You Afford?
The repayment and the terms you select for your loan affects the fees and interest rate. For instance, a short-term repayment loan will save you from exorbitant interest rates but the amount you need to settle every month is higher. Meanwhile, choosing a longer term will give you low monthly repayments but the interest rate applied is more expensive. The best way to find the right repayment term is to work out on your budget and use a personal loan calculator to know how your repayment will look like.
- What Is Your Employment Status?
Every lender has their own criteria when it comes to your employment, such as how long you should be working for your current company and your income. Remember, there are still loan options available for unemployed individuals receiving welfare benefits and it can be used as an alternative source of income. If you’re between jobs and you need 1500 loans, there’s still a chance for you to be eligible with unemployed loans. Check the criteria of your lender to know if you’re eligible to apply.
Comparing Loan Options
When looking for 1500 loans, it’s ideal to compare at least three loan providers first to know which one offers the best deal. Below are some of the things you need to consider when choosing a lender:
- Interest Rate
The interest applied varies from one lender to another and normally, it is affected by the type of loan you are applying for. Is it secured or unsecured? Compare different lenders first to know who offers the cheapest rate.
- Term Of The Loan
Payday loans are usually settled in less than a month, while other personal loans can last for at least 5 years.
- Fees And Charges
In addition to the principal amount and interest rate, the lender may charge additional fees for late or early payments, and additional costs when you go into default. If you think you can settle the loan in advance, choose a lender who will not apply early repayment fees. Meanwhile, if you think you’ll have difficulties repaying the loan, you may want to reconsider getting a loan.
Perhaps the easiest way to get a £100 loan with no credit check would be to take out a payday loan. This is a particular type of loan that is designed specifically for borrowing small amounts of money over a short amount of time. The APR is relatively very high – as much as 400% APR – but paid over such a short period that it won’t be likely to add up to much. Due to the small amount of money and short amount of time, you’ll often not need to get a credit check prior to being approved for the loan. In fact, you can normally simply enter a few personal details online, set a slider (indicating your repayment schedule) and have the money credited to your account in no time at all!
Installment loans are another good way to get a £100 loan with no credit check. These are similar to payday loans except slightly stretched out – the amount is slightly more and the loan is slightly bigger. To make up for this though, you’ll pay back over a period of several installments. And this also has the advantage of helping you to restore a bad credit rating!
A pawnbroker can also provide a small loan with no credit check by taking some form of collateral in the form of a possession. You take the item to the pawnbroker, they value you it and they then calculate its worth. They’ll then provide you with a loan in exchange for the item (the loan will typically be valued at slightly lower than the item’s worth) and you’ll get the item back once you pay back the loan. There’s no need for a credit check because the pawnbroker always has the value of the loan and thus won’t risk losing any money. There are just a few options when you need a £100 loan with no credit check. Do your research and you’ll find that there are always ways you can safely get the cash you need!
See How We Compare to Our Competitors
Representative 49.9% APR (variable). Borrowing £4000 over 36 months, repaying £195.16 per month, total repayable £7,025.76. Interest rate 49.9% (variable). Repayment terms available between 1 and 5 years. Maximum APR 99.99%
CashComet 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 305.9% APR. Representative example: £400 borrowed for 90 days.
Total amount repayable is £561.92 in 3 monthly instalments of £187.31.
Interest charged is £161.92, interest rate 161.9% (variable)
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.
5 most recent personal loan reviews
My personal loan from NatWest was planned in advance because I like to do plenty of research before committing to something as important as a building extension. I wanted to make sure the loan would be possible and that it was at a competitive rate before I started employing architects and builders. I was in regular contact with our local branch’s loan adviser and they finally sorted out a very good loan for me and once that was agreed I got on to the job of planning this extension. We’d already had the go ahead from the local council so it was all systems go once that all important loan was finalised. Sometimes it’s best to deal with your own bank for such an important loan and I am pleased that I entrusted NatWest with my loan.
Review posted by Wayne Crouch, Plymouth
- Customer Service
- Ease Of Use
- Value For Money
In our position your company treats us well. We have the income but unfortunately due to circumstances beyond our control our credit rating is bad. Thank you Uswitch for giving us a chance.
Review posted by Neil Morrison, Perth
- Customer Service
- Ease Of Use
- Value For Money
Suprised at ease of application. Never wanted to use these kind of things but had a very tough month and needed a few pounds before payday. After checking different options I found the small amount to payback manageable and it’s all payed back 2 days after payday. Easy process with quick response.
Review posted by Anthony Bell, Chelmsford
- Customer Service
- Ease Of Use
- Value For Money
All reviews have been sourced from Trust Pilot to ensure authenticity of testimonials.