Apply for a £300 loan online
There are many reasons why you may need a £300 loan. Getting the right one for you is crucial to make sure that the repayments that you make fit in with your budget. With many different options out there, it can be hard to know how to make the right choice.
While £300 might not seem like a lot of money to some people, for many others it can be a lifeline. Here we look at when getting a short term loan is a great idea.
Emergency expense – Perhaps the most common reason to get a payday loan is because there is an emergency expense. This could be car repairs, a broken boiler or a number of different issues. A short-term loan can get you back on track immediately.
To cover bills – There might be times when you have overspent your budget throughout the month or received an unexpectedly high bill. A £300 loan would be able to cover it and allow you to re-budget to make sure it doesn’t happen again.
To pay off debt – You need to be very careful when paying off debt with a loan, but there are times when it makes sense. It could be that you are under pressure to clear a debt or will receive penalties if you miss a payment.
One-time expense – There are other one-time expenses such as Christmas or birthdays which can turn into a financial burden. A short term loan can help you have these memorable days and pay them off in instalments over time.
You can apply for a £300 loan with us today!
While £300 may be the perfect amount, with us you can borrow up to £2,500 to make sure that you get the amount that you need. The process is very simple and you’ll be able to get a decision in no time at all. Here we look at a few key features:
Borrowing amount – You’ll be able to borrow from £50-£2,500, depending on your needs and application process.
Fees – There are no hidden fees and everything will be explained clearly to you during your application.
Approval chances – We average a 95% approval rate, so you have a great chance of being accepted for your loan.
Repayment terms – You will be able to repay the loan between 3-18 months, or you can always pay it off in one go if you come into money.
How do I apply – The application process is very easy and it can all be completed online.
Repayment amounts – No lump sum payments are required and the payments are made very easy.
All you need to do is head to our website, press the apply button and go through the easy process. Applying with us is simple and we have made our website as easy to navigate as possible. You’re only ever a few clicks away from getting a decision.
£300 Loan Repayment options
We are a broker, so we don’t lend you money directly. Instead, we work hard to find a lender that will be able to accept your application using the information given. This ensures that you get the best deal and gives you a better chance of getting approved.
This makes the process as easy as possible for you to be able to remove the stress of applying for a short term loan by getting all the information you need from the short application process. When transferred to a lender, you will then have a wide range of repayment options to choose from.
Here you will have plenty of options to choose from for your £300 loan. You can pay it back as soon as you get paid but you’ll also have the option of spreading the payments over a longer period of time to make them easier to make.
The loan application process
We’ve made our application process as simple as possible and most of the work done is by our incredible software. This helps you to find the best lenders out there who will be able to confirm your loan and send the money.
Filling out the form – You can easily find our application form and you’ll be able to see how quick and easy it is straight away. We only ask for information which is going to be used during the loan application. Unlike some other companies who ask additional questions and sell on your data, we don’t do that.
In terms of time, this should only take you around 5 minutes. There will be some basic questions about your income and expenditure. If you don’t know this information off the top of your head, then you’ll need to gather it together.
Submitting the form – Once you have supplied the information requested, this will then be sent to all of the lenders which are in our system. Our technology will then connect to theirs and we'll then see if you are going to be eligible.
At this stage, only a soft check will be completed and not a hard credit check. You’ll then be matched with a lender who will take you through the remaining steps. At this stage, a hard check will be completed and you’ll finalise your application.
Getting the offer – After you’ve been passed to a lender, they’ll then be able to finalise your application. You’ll be presented with an offer based on your application and credit check and you’ll be able to read through the terms and conditions.
At this time you then have the choice to accept the terms or look elsewhere. If you do accept the offer, the money will usually be able to be sent to you within an hour. The amount you’ll be offered isn’t always as much as you requested.
The transfer – You would have already supplied your bank details and the money will be sent straight across to it. This bank account will then be used to make the repayments. You’ll have the funds in no time at all and be able to use the money you desperately need.
A great example is if you borrowed £400 for 90 days. If you were to repay this over 3 monthly instalments you would pay back a total of £561.92 with the interest being £161.92 in total. These instalments would be £187.31 with a variable interest rate of 161.9% with a representative 305.9% APR.
Take the next steps
When it comes to needing a loan, it’s important to get the right advice and get a loan you can trust. With no hidden fees and everything explained to you clearly, we are a great option for anyone looking for a short term loan.
All you need to do is check out our website and we’ll be able to show you exactly what is available. As soon as you get your funds that weight will be lifted off your shoulders and you’ll be able to pay it back on your own terms.