£400 Loans

Whether it’s a fault with your car or a broken household appliance that you can’t wait around to replace, a £400 loan could offer a helping hand if you don’t have the savings to cover the cost upfront.
Little Loans could help you search for a £400 loan, with a repayment term of either 3, 6, or 12 months.

£400 loans UK: who can apply for a £400 loan?

You’ll need to meet the eligibility criteria before you apply for a £400 loan. This can vary between lenders, but you must be a UK resident over the age of 18.

Little Loans is a credit broker, and we could scan our large panel of direct lenders for a loan to suit your circumstances.
You can search for a loan with Little Loans if you:

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

£400 loans for bad credit

Are you worried that a history of bad credit could stand in your way when searching for a £400 loan? You may be interested to know that Little Loans works with several direct lenders of £400 loans for bad credit. While you could be eligible for a £400 bad credit loan, it’s important to be aware that you could be offered a higher rate of interest.

Typically, the higher the interest rate, the more the loan could cost. You should take the time to consider how this will change your finances; repaying a loan should never leave you unable to cover the cost of your monthly essentials, such as housing, bills, and food.

If I apply for a £400 loan, will my credit rating be affected?

Applying for a loan could have an impact on your credit score. When you make an application for a direct lender £400 loan, the lender 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. If you make multiple credit applications, multiple hard searches may be carried out, and this could harm your credit score.

Search for a £400 loan with no impact on your credit score*

Little Loans uses soft search technology to look for a suitable loan for you. A soft search will not harm your credit score and will not be visible on your credit file to any other company.
We do not charge any fees for our service, and quotes are no-obligation.

Instant £400 loans

No loan can realistically be described as ‘instant.’
Searching and applying for a loan takes time and should not be rushed.
When faced with a financial emergency, it can be easy to panic and make a quick decision, but you should explore any other options that could be available to you before you apply for a loan.

At Little Loans, we understand that a sudden, unexpected expense needs a quick solution. If you’ve done your research and are certain that a loan could be a suitable choice for you, using Little Loans’ credit broking service could save you time. Rather than sifting through different direct lenders to find a loan that could be suitable for you, Little Loans can present your application to a large panel of direct lenders at the same time, helping to narrow down your search.

Our online form should take no longer than five minutes to complete, and we will let you know whether you’ve been matched with a loan in just 60 seconds.

Could I get a £400 loan today?

If your application for a £400 loan is approved, your money could be sent the same day.**

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

If you’re finding it difficult to make your monthly repayments, please speak to your lender. The sooner they’re aware of your situation, the sooner they can work with you and look into any suitable solutions that may be available to you.

Sometimes, sharing a worry with an impartial ear can help to put things into perspective. You can get free, confidential financial advice through the following UK-based charities and organisations: StepChange, MoneyHelper, Citizens Advice, and National Debtline.

*If you’re matched with a loan through a search with Little Loans and you choose to make a full application, the lender 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 period of time could harm your credit score.

**Payout timescales vary between lenders. The time it takes for the money to become available in your account will depend on your bank’s policies and procedures.