Looking for £500 loans? If you are looking to borrow £500, then an instant loan may be one way of accessing cash — and fast. At Instant Lolly, you can choose from a range of £500 loans, repayable in fixed monthly instalments from between one–24 months, so you can borrow money just for as long as needed. Find a loan to suit you Apply Now (It won't affect your credit score‡) Representative 669.35% APR (variable)View example £500 loans at a glance Key facts£500 loan Borrow £500 Loan terms 1–24 months Loan type Payday Loan, Short-term loan (unsecured loans with no guarantor) Apply with bad credit? Yes Some £500 credit products may vary from the description. £500 loan FAQs How much will a £500 loan cost? The rate you are offered will be based on your personal circumstances, the loan amount and repayment term (subject to lender approval). If your application is approved, you will receive a personalised price quote from the lender, which you can choose to accept or decline. The quote won't affect your credit rating. You can see example repayment costs for our most popular 500-pound loan terms in the table below. Repayment costs: £500 loans Term Repayment Total Repayable 1 month £620 £6201 2 months £345 £689 3 months £254 £761 4 months £209 £837 5 months £183 £917 6 months £102 £615 7 months £90 £633 8 months £81 £650 9 months £74 £669 10 months £69 £687 11 months £64 £706 12 months £60 £725 Costs are for illustrative purposes only. Examples are based on rates of 75%–292% per annum and assume regular monthly repayments. 1. Based on a 30-day term. Can I use the 500 pounds for any purpose? Absolutely! At Instant Lolly, we understand that sometimes there may be occasions when you need to borrow 500 pounds — and for whatever reason. That is why there are no restrictions on what you spend the money on. Can I apply for a £500 loan with bad credit? If you have a poor credit history, then you may be worried that you might not be approved for a loan. That is not always the case. We understand that sometimes financial glitches happen — this doesn’t automatically mean we won’t be able to help you. Provided you meet the eligibility criteria and can show that you will comfortably be able to repay the loan over the agreed period, then our lenders will be very happy to consider your application. Should our personal loan lenders decide they cannot lend you the £500 requested, you may receive an offer of a lower amount or the option of a guarantor loan. However, as a responsible company, we also reserve the right to refuse any loan application where we believe it is not in a customer’s best interests to take out borrowing. Can I borrow £500 without a credit check? Sorry, £500 loans with no credit check do not exist. All UK lenders must carry out proper affordability checks before agreeing a loan, regardless of how small the amount. However, when you apply with Instant Lolly, you can check your eligibility with up to fifty £500 loan direct lenders without leaving a visible mark on your credit file. To check your eligibility, our lenders perform soft searches to decide how successful your application would be. Unlike hard searches, soft searches have no impact on your credit score or future credit applications. Only when you take up an offer will the lender make a complete search of your credit report, which will be visible to other searchers for 12 months. What repayment terms are available for £500 loans? At Instant Lolly, our £500 payday loans and short-term loans are typically repayable from between one–24 months. Simply choose the most appropriate repayment term for your own unique circumstances. The original sum borrowed plus interest will usually be repaid in fixed monthly instalments — so you can plan ahead and budget. Borrowing example£500 loan over 12 months Borrow: £500 Term: 12 months Total interest: £225.50 12 repayments of: £60.46 Total repayable: £725.50 Interest rate: 75% Costs are for illustrative purposes only. Can I borrow more or less than £500? Of course you can! As a responsible finance company, we would never recommend you borrow more than you actually need and that is why we offer small loans starting from £100. Should you need more than 500 pounds, you may be pleased to know that we offer loans up to £3000. What's more, our smaller loans are available in multiples of just £100, so you are sure to find a loan that fits your needs perfectly. Popular loan amounts £100 loans £200 loans £1000 loans What are the advantages of £500 loans from Instant Lolly? At Instant Lolly we are proud to offer what we believe is a fast and easy way to access a £500 loan online. We are regulated by the FCA, which means we adhere to strict lending practices and processes that protect you. We don’t charge you for matching you to a suitable lender. Also, we genuinely value your privacy. You won’t hear from us unless we have something important to tell you, and we will never share your data with anyone for marketing purposes. How to apply for a £500 loan Now you have read through all the important stuff, let’s get down to the nitty-gritty. If you’re ready to apply for a £500 loan, simply click ‘Apply Now’ and fill out the short application form to get an instant decision.