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

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(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.

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

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.

Why you'll love Instant Lolly

Flexible borrowing

Choose the most suitable loan amount and term for your needs. We provide loans from £100 to £3,000 over 1 to 24 months.

High acceptance

Fill out one short application form, and we will ensure your details reach all the right lenders for the best chance of approval.

Fast funding

Receive a decision in seconds, and get money sent to your bank account as soon as 15 minutes after approval.

Online convenience

Apply securely online 24 hours a day, seven days a week, from the comfort of your own sofa. Oh, and it's FREE too!

Ready to apply? Get £500 sent within 15 minutes of approval

(It won't affect your credit score)
Representative 669.35% APR (variable)
Representative Example: £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 commission from lenders or other brokers following an introduction through this website.