£1,500 Loans

Do you need to borrow £1,500 to cover the cost of a financial emergency?
Are you looking to apply for a £1,500 loan but are unsure where to start?
Little Loans could help you search for a suitable £1,500 loan with a choice of repayment terms.

Direct lender £1,500 loans

Little Loans is a credit broker, not a lender. We work with a panel of over 30 UK-based direct lenders, all of whom are authorised and regulated by the Financial Conduct Authority (FCA).

When you fill out our five-minute online application, we’ll scan our panel of lenders for a suitable £1,500 loan with no impact on your credit score.*
Our credit broking service is free to use.

£1,500 loans UK: am I eligible for a £1,500 loan?

You can search for a £1,500 loan with Little Loans if you:

• Are over the age of 18;
• Are a UK resident;
• Have a UK bank account and valid debit card; and
• Have a regular source of income paid into your bank account.

£1,500 loan with bad credit UK: can I borrow £1,500 with bad credit?

You could get a £1,500 loan for bad credit, but please be aware that bad credit loans could come with a higher rate of interest.
Several of the lenders on the Little Loans panel specialise in loans for people with bad credit, and could be willing to consider your application for a bad credit £1,500 loan.

How long can I borrow £1,500 for?

The lenders on our panel offer £1,500 loans with the following repayment terms:

• 6 months
• 12 months
• 18 months
• 24 months
• 36 months

What can a £1,500 loan be used for?

People typically borrow £1,500 to help pay for an urgent expense, such as a broken household appliance, an unexpected bill, or repairs for a car that’s failed its MOT.
A loan is a serious financial commitment, and you shouldn’t apply for one unless it’s necessary. Before you apply for a £1,500 loan, you should explore any other options, such as any grants or benefits you could be entitled to. Perhaps the expense could wait a few weeks while you save up instead?

Apply for a £1,500 loan: will a £1,500 loan affect my credit score?

Yes, like any credit product, a loan will impact your credit score. Whether the impact is positive or negative will depend on how you manage your loan.
If you make your repayments in full and on time each month, you could notice an improvement in your credit score, although you must make sure that you keep on top of any other credit commitments you have.

On the other hand, if you make a late repayment or miss one altogether, your credit score could decline.

I can’t afford to repay my loan; what should I do?

If you’re finding it difficult to make your repayments, you should reach out to your lender sooner rather than later.
Some lenders may charge a fee for late or missed repayments, so it’s important to let them know about your situation as soon as you can.

You can get free, confidential advice from the following charities and organisations: StepChange, MoneyHelper, Citizens Advice, and National Debtline.

Looking for a different loan amount or repayment term?

With Little Loans, you could search for a short-term personal loan between £100 and £10,000 with a repayment term from 3 to 60 months, depending on the amount of money you apply to borrow.
You should never apply to borrow more money than you need or can afford to repay.

*Little Loans uses soft search technology, which will not impact your credit score. However, if you’re matched with a loan and you decide to make a full application directly with the lender, they will carry out a creditworthiness assessment, which will include a hard search or an Open Banking check. A hard search will be visible on your credit file for up to 12 months, and multiple hard searches in a short space of time could harm your credit score.