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£500 Loan

Applying for a £500 loan from Creditsrping takes only a few minutes. Use our free eligibility checker today and find out if you're eligible!

Check eligibility

Membership fee

£10/month

2 loans per year

£500 | £500

Repay each loan in

6 months

Rep. APR

43.1%

Start building your credit today and access your first loan after 14 days.

Representative example: Total amount of credit of £1,000 over 12 months. The first payment for each advance is £83.35 followed by 5 monthly repayments of £83.33 and 12 monthly membership payments of £10. Rate of interest 0% p.a. (fixed). Representative 43.1% APR. Total amount payable £1,120.

Membership fee

£8/month

2 loans per year

£250 | £250

Repay each loan in

6 months

Rep. APR

77.3%

Start building your credit today and access your first loan after 14 days.

Representative example: Total amount of credit of £500 over 12 months. The first payment for each advance is £41.70 followed by 5 monthly repayments of £41.66 and 12 monthly membership payments of £8. Rate of interest 0% p.a. (fixed). Representative 77.3% APR. Total amount payable £596.

Membership fee

£5/month

2 loans per year

£100 | £200

Repay each loan in

6 months

Rep. APR

87.5%

Start building your credit today and access your first loan after 14 days.

Representative example: Total amount of credit of £300 over 12 months. The first payment for the first advance is £16.70 followed by 5 monthly repayments of £16.66. The first payment for the second advance is £33.35 followed by 5 monthly repayments of £33.33 and 12 monthly membership payments of £5. Rate of interest 0% p.a. (fixed). Representative 87.5% APR. Total amount payable £360.

£500 Loan

Applying for a £500 loan from Creditsrping takes only a few minutes. Use our free eligibility checker today and find out if you're eligible!

Check eligibility

Membership fee

£10/month

2 loans per year

£500 | £500

Repay each loan in

6 months

Rep. APR

43.1%

Start building your credit today and access your first loan after 14 days.

Representative example: Total amount of credit of £1,000 over 12 months. The first payment for each advance is £83.35 followed by 5 monthly repayments of £83.33 and 12 monthly membership payments of £10. Rate of interest 0% p.a. (fixed). Representative 43.1% APR. Total amount payable £1,120.

Membership fee

£8/month

2 loans per year

£250 | £250

Repay each loan in

6 months

Rep. APR

77.3%

Start building your credit today and access your first loan after 14 days.

Representative example: Total amount of credit of £500 over 12 months. The first payment for each advance is £41.70 followed by 5 monthly repayments of £41.66 and 12 monthly membership payments of £8. Rate of interest 0% p.a. (fixed). Representative 77.3% APR. Total amount payable £596.

Membership fee

£5/month

2 loans per year

£100 | £200

Repay each loan in

6 months

Rep. APR

87.5%

Start building your credit today and access your first loan after 14 days.

Representative example: Total amount of credit of £300 over 12 months. The first payment for the first advance is £16.70 followed by 5 monthly repayments of £16.66. The first payment for the second advance is £33.35 followed by 5 monthly repayments of £33.33 and 12 monthly membership payments of £5. Rate of interest 0% p.a. (fixed). Representative 87.5% APR. Total amount payable £360.

Managing your monthly cash flow can be tricky, especially when it comes to that forgotten bill or an unexpected medical expense. It can quickly push you over your budget and this is when you need a loan fast! With Creditspring you can take out a £500 loan when you need it most.

Sometimes you create your budget in advance but realise that some things are just too expensive to pay at once and a credit card is not a good option for you. A small £500 loan can be the perfect solution. 

How quickly can you get a £500 loan?

Applying for a £500 loan from Creditsrping is easy and takes only a few minutes. Use our free eligibility checker to get a response in less than a minute and see if you qualify. 

If you are approved and choose to become a Creditspring member, we’ll run a hard credit check to confirm your eligibility. 

After your 14-day cooling-off period, the money will be paid into your bank account within 24 hours. Payments are made seven days a week, except for bank holidays. 

Why choose Creditspring

Here are some of the reasons to choose Creditspring for your short-term loans:

  • Borrow the money you need on-demand

  • No-interest loans 

  • Pay a fixed membership fee

  • Eligibility takes only a few minutes

  • Build your credit history

As with all 6 months loans , always ensure that you can comfortably afford the loan repayments. This will not only allow you to qualify for great rates but also build your credit history.  

Your Creditspring membership will give you on-demand access to loans with no-interest when you need it most. Read more about our Step (total loan amount £300), Core (total loan amount £500), and Plus (total loan amount £1,000) products here.

Our members love Creditspring 💙

Do all lenders offer £500 loans?

In short, no. Not all lenders offer a £500 loan as some only offer large loans, while others offer small payday loans or cash advances. There are many lenders that offer £500 loans, including Creditspring, but it’s always recommended to look at the interest rates, APRs, and other loan terms. 

To apply for a £500 loan from Creditspring you need to start by checking your eligibility. After you enter your details it will take less than 60 seconds to get a response. Best of all - checking your loan eligibility with Creditspring won’t affect your credit score. 

To become a member of Creditspring and qualify for a £500 loan you:

  • Must be a UK resident

  • Must be at least 18 years old

  • Have a minimum income of £20,000 per year

  • Must not have any recent CCJs or been bankrupt

Use our free eligibility checker to see if you’ll be accepted

What are the requirements?

As with any loan application, when borrowing £500 you should comfortably afford the monthly payments. You should also have a good credit score and a regular income, be at least 18 years old and be a UK citizen to apply for a loan. 

If you don’t have a good credit history, consider improving your credit score first, before you apply for a £500 loan online. Creditspring can help you improve your credit with Stability Hub.

Join Stability Hub today

Use our free eligibility checker to see if you’ll be accepted

Can you borrow £500 with bad credit?

Yes, you can still apply for a £500 loan even with a poor credit score. You may not get many loan offers to choose from, but there are lenders that are willing to offer loans to borrowers with bad credit. The offers you get will depend on factors like your credit score, income, and affordability. 

If you want to apply for a £500 loan but have a bad credit score, Creditspring can help. 

Sign up for the Stability Hub and start improving your credit score today. You’ll get the tools you need to keep track of your financial health and we’ll automatically notify you when you’re eligible for a loan. 

How long do you get to repay the £500 loan?

When you become a Core member you will have access to two advances of £250, totalling £500. You have access to your   first advance after your 14 day wait period and your second once the first has been paid in full.  You’ll have low monthly payments and on-demand access to cash twice a year. 

Unlike cash advances or payday loans, you don’t have to repay the loan within one month and you won’t even have to pay any interest rates! You simply repay the £500 loan over six or 12 months, along with your monthly membership fee. You may also repay your loan earlier by requesting a settlement amount.

Representative example: If you take out a loan of £500  you will receive two £250 advances over 12 months, the first payment for each advance is £41.70 followed by five equal monthly repayments of £41.66 and 12 monthly membership payments of £8. Rate of interest 0% p.a. (fixed). Representative APR 77.3% and total payable: £596.