What are the Criteria to Apply for a £1500 Loan?
Of course, having bad credit gives lenders the impression that you’re not eligible for a £1500 loan. At UKBadCreditLoans, we could give you a helping hand in your time of need. Our lender requirements demand that you should meet the followings:
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- You must be over 18 years
- You must be a UK resident
- You should be employed
- You should own an active bank account and a debit card
With regards to your income, the amount of money you earn should be able to meet your monthly loan payments. Our lenders will check your personal finances and credit history before approving your loan application.
Where Can I Get a £1500 Loan in the UK?
There are commonly two ways to get a £1500 in the UK:
1. Direct Lender
You have the option of contacting a direct lender to loan you £1500. A direct lender here refers to a private entity or a financial institution that can provide you with the loan you are after. Sure, you can always request a loan from the bank and other financial institutions.
The problem with direct lenders is that your credit rating will always be considered beforehand. If you have bad credit, direct lenders such as banks will not approve your loan. Besides, they have a lengthy process of applying for loans. It might take up to days, weeks, or even months to get a £1500 loan, which is frustrating, especially if you are dealing with an emergency.
2. Online Broker
You can also get a £1500 loan from an online broker in the UK. That’s where UKBadCreditLoans comes in. Unlike direct lenders, poor credit won’t deter you from getting your loan. We are a professional lending broker that strives to get you connected with the fastest, safest and most dependable loans.
Getting a £1500 loan has never been this easy in the UK. Think about it this way - you don’t have to worry about your bad credit, and you can still secure yourself a quick loan to cover your pressing needs. You can always turn to us when in search of an urgent loan, even with poor credit.
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Get StartedHow much can I apply for? £100 to £5,000 Zero-obligation quote Length of the repayment 1-36 months Quick payout Interest rates (variable) 49.7% Zero paperwork Can I apply with poor credit standing? Yes Bad/low credit considered Do I have to pay a lump sum? No Flexible repayment When am I allowed to apply? 24/7 2-min simple application -
Borrow £1500 via UKBadCreditLoans in Three Simple Steps
Another exciting thing about working with an online broker like us is that we offer a simple approach to approving your loan. Here’s what you need to do:
1. Apply Online
First, apply online. It’s that simple. All you need to do is to visit our page and enter your personal details. Please note that answering accurately helps us a lot in finding you a suitable lender.
2. Receive Offers
Once the loan application form is duly filled, you will wait for a few minutes to get your quotation. The approval time doesn’t take long before lenders review your application and perform a credit check.
3. Get Your Money
If everything is okay from our end and lenders find you eligible for a loan, they approve your loan request and transfer the funds directly into your bank account in as fast as 60 minutes.
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Will I Be Approved for a £1500 Loan with Bad Credit?
As mentioned previously, relying on direct lenders for your loan can easily get you frustrated, especially with bad credit. However, at UKBadCreditLoans, we pride ourselves on giving you reliable loans even with a poor credit history. You only need to ensure you meet the eligibility requirements listed above.
Can I Borrow £1500 over 12 Months?
Yes. Our lenders offer flexible payment options for a £1500 loan. Depending on your ability to repay, you can borrow this amount and pay it back within 12 to 36 months. When working with you, we strive to ensure that you feel comfortable paying back any loan that we extend you.