£1500 loans for all credit situations

Are you looking to borrow 1500 pounds? Here at Instant Lolly, you can access £1500 loans from a range of UK direct lenders in one place. Our 1500 pound short-term personal loans offer flexible repayment options, a fast decision and payout, and are suitable for all credit situations, including bad credit and alternative incomes.

What repayment terms are available for £1500 loans?

When you apply to borrow £1500, you can request a repayment term of up to 24 months, typically repayable in monthly instalments.

If we can't find a direct lender that can provide you with a loan of £1500 over your chosen term, you may receive an offer for a different repayment term or loan amount; or an alternative product, such as a line of credit.

On receipt of a quote, please review the offer and terms thoroughly to ensure the product fully meets your needs.

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It won't affect your credit score
Representative 669.35% APR (variable)
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What will a £1500 loan cost?

The cost of a £1500 loan will depend on how long you need to repay it and your creditworthiness, which will determine the direct lender you're matched with and the rate they can offer.

You'll need to apply to get an accurate quote — but remember, it won't impact your credit score and there's no obligation to accept an offer that's not right for you.

Helping protect your credit score: When making lending decisions, our lenders will conduct a soft search of your credit file (no credit check), which does not impact your credit score. Only after you agree to take out a loan will the lender mark your file with a hard check.

Loan repayment

Short-term loans are repayable in monthly instalments for the length of the term; for example: six instalments for a 6-month loan, twelve for a 12-month loan etc.

Payments will be taken from your bank account on a set day each month, as agreed between you and the direct lender. Loans are usually repayable by equal payments (apart from any minor balancing adjustment to the first or last payment), but some lenders do operate differently.

Your lender will make the necessary collection arrangements, so there's nothing to do other than ensure you have enough funds in your account on the due dates.

Can I repay my loan early?

Many lenders offer the option of paying back your loan early, which could save you a considerable amount of money in interest — especially on loans of £1500 or more. If that's important to you, make sure you check the early settlement terms in your online loan agreement before committing to the loan.


£1500 loan FAQs

  • Can I apply for a £1500 loan with bad credit?

    Yes, you can apply for a £1500 loan with Instant Lolly, even if you have bad credit. Remember, however, that your application will still be subject to creditworthiness checks, and the lender will want to ensure the loan is affordable before granting credit to you.

  • Can I apply for loans of £1500 if I'm not employed?

    It isn't necessary to be employed to apply for a £1500 loan with Instant Lolly, provided you have another regular source of income, such as self-employment, certain benefits or a pension.

    Bear in mind that all lenders have a minimum income level above which a borrower must be earning; it varies by lender, but we recommend only applying if you have an income of at least £500 per month.

  • Can I get a loan for £1500 with an IVA?

    During an IVA (individual voluntary arrangement), you can't borrow more than £500 from any lender without consent from your insolvancy practitioner. That puts a £1500 loan out of bounds unless you get permission. Be aware that taking out credit of more than £500 without permission will mean breaching the terms of your IVA, which could cause you more financial problems, including termination of your agreement.

  • How quickly can I get a £1500 loan?

    Potentially, today. If you apply for a £1500 loan during working hours, funds will usually be sent to your bank the same day — sometimes within the hour. With most banks now operating Faster Payments, the cash should be available almost instantly. In the case of applications made out-of-hours, you may have to wait till the next working day, depending on the lender.


What other amounts do short-term lenders offer?

Short-term loans typically range from £100 to £3,000, but most direct lenders don't provide all amounts. Brokers, on the other hand, nearly always do because they work with a wide assortment of lenders — that's their job, after all!

Popular loan amounts available through Instant Lolly:

Tell me more about short-term loans


Why choose Instant Lolly?

Key factsInstant Lolly £1500 loans
Flexible repayment terms 1 to 24 months
Loan type Short-term loan 1
Poor credit considered? 2 Bad credi, limited/no credit
Alternative incomes accepted?2 Benefits, pensions, self-employed. Other — please apply for confirmation.
Requires a guarantor? No guarantor required
1 Some lenders may offer an alternative of a revolving line of credit. 2 Acceptance criteria is decided on a lender-by-lender basis; your application may not be considered by all lenders.

Instant Lolly benefits

  • Get instant access to the UK's top £1500 loan direct lenders with one application.
  • Apply for FREE and let us do the legwork.
  • Find out if you'll be accepted without impacting your credit score.
  • Get a no-obligation personalised quote in just a few minutes.
  • FCA authorised firm: FRN 742221.
We respect your privacy: we will never use, sell or share your information for marketing purposes. ICO registration: Z3495700

Can I apply for a £1500 loan today?

To apply you must:

  • be at least 18 and a permanent UK resident
  • receive a regular income, such as a wage, a pension or benefits

You will also need:

  • a mobile phone and email address
  • a UK bank account with a debit card

Ready for a quick £1500 loan quote?

(It won't affect your credit score)
Representative Example:
Representative 669.35% APR (variable). £250 borrowed for 30 days. Interest charged is £60.00. Total amount repayable is £310.00. Annual interest rate of 292% (fixed).
Important Information

If you do not make your minimum repayment by the agreed upon due date, you may incur additional charges and penalties. If you are having problems paying, please call your credit provider. For other sources of assistance, call the Step Change Debt Charity on 0800 138 1111; or National Debtline on 0808 808 4000; or visit moneyadviceservice.org.uk; or visit your local Citizens Advice Bureau.

Loan approval: All loan offers are subject to lender final approval. Approval/transfer times vary by lender. Not all lenders may be able to transfer funds in 15 minutes. Approvals/transfers may take longer for applications processed outside normal working hours. If your bank does not support faster payments, it may take longer for funds to reach your account.

Credit checks: When assessing your eligibility for a loan, lenders will carry out a soft search; only you can see them on your credit report and they have no impact on your credit rating. If you accept a lender's loan offer, they will perform a hard credit search which will be visible to any company searching your credit report for 12 months.

Instant Lolly does not charge customers a fee for using its services, but it receives a small fee from lenders or other brokers following an introduction through this website.