Warning: Late repayment can cause you serious money problems. For help, go to MoneyAdviceService.org.uk

Instant Online Payday loans

From the best UK Direct Lenders

How much?

Representative Example: Borrow £200.00 for 60 days. Repay in 2 payments, first payment in 30 days

Each Payment: £147.04. Total Repayment: £294.08, Interest: £94.08.

Interest p.a: 365%(fixed). Representative APR 1058%


Number of Applicants
with Bad Credit


Paid Out


Plan Term Periods
Paid Back Early



Warning: Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Loans subject to status. Over 18s only. Minimum loan amount may apply.

Rates from 4.5% APRC to 65.2% APRC are available – the highest rate is for customers with severe credit problems. Loans available from 1-25 years. TYPICAL 10.9% APRC variable

The Different Kinds of Loans

There are many different types of loans for many different uses, this means that it can be quite difficult to find the right loan to suit you and your needs. We are able to help you find the right loan for you no matter what it may be.

For more information on the types of loans that we do at Virtu Financing click on our drop down menu here >>

If you are having trouble deciding still then feel free to use the Contact Us page to ask for some professional help on what might be best for you.

500 Loans

If you need to pay for something urgent, a loan for £500 could be just what you need. 500 loans are designed to support you when you need instant cash for short-term expenses, which are urgent such as sudden emergencies and other immediate costs.

500 loans are usually payday loans or unsecured personal loans that you can settle in a one-time lump sum when your subsequent paycheck comes. However, some lenders offer a more flexible and longer repayment period, which can be anywhere from one to six months.

500 loans can cover what might be best described as mid-range expenses. What’s great about these loans is that they’re very flexible. You can take out a loan to cover you for exactly what you need. Unlike traditional loans from high street lenders, it’s never necessary to borrow more than you actually require.

why choose 500 loans

Applying for 500 Loans

500 loans are usually short-term credit that are unsecured in nature because they are of small amount. 500 loans are quite helpful for those who are in the middle of emergency or unplanned circumstances such as urgent repairs whether at home or with your car, perhaps an emergency bill shortly before payday, urgent short trips, and so on.

Similar to most form of loans, 500 loans are expected to be paid in full in an agreed date. Typical 500 loans have loan terms that are usually a period of two weeks to one month or sixty days or six months, for some lenders. You are expected to pay back the amount borrowed, including the interest, and other fees, if any.

500 loans may not be suitable for everyone, as these loans are only an immediate solution to a short-term financial need. Also, these loans are not ideal for people in serious debt because 500 loans come with high interest rates. So, if you are taking out a 500 loan as a payday loan, you have to be sure you can afford to repay it on the agreed date.

Since 500 loans are unsecured, eligibility is only dependent on the borrower’s credit record. In other words, it is based solely on the credit score of the borrower. The higher your score, the lower the interest rate is. If you have a good credit score, the higher your chance of being approved.

With that being said, borrowers are usually required to have good credit to qualify for unsecured loans. However, payday loans are designed for people with low credit scores. So, taking out 500 loans are payday loans are one of the best solutions for those with poor or bad credit who are in need of immediate cash.

It is easy to apply for 500 loans especially online because it is fast and convenient. What’s important is that you can prove you have a regular income whether it is from an employer or a pension or other source, and there will be no problem with the approval.

Other basic requirements in taking out 500 loans are general. To qualify for a loan, you must be a permanent resident in the UK, must have an active UK bank account, and you must be over 18 years old. You don’t need a collateral to obtain 500 loans since they are unsecured type of credit, that is why the loan process is quick and hassle-free.

Payday loans online are the fastest and most easily accessible way of getting 500 loans. Many lenders have designed simple, flexible, 500 loans online that allow you to have this amount of cash in your hands within 24 hours.

Why take out 500 Loans online?

Speedy Transaction

Traditional loans such as bank loans and regular personal loans take a long time to process. But with payday loans such as 500 loans online, approvals are almost instant. You do not need to fill out lengthy forms, send a handful of paperwork, and wait for several days.

Online lenders are growing fast in the UK because of the increasing demand for quick and easy money. Online lenders provide feedback right away. This way, you can seek elsewhere immediately if your loan application is not approved with a lender.

Simple and Convenient

The main advantage of online loans is convenience because you can apply remotely. There is no need for you to go to a local branch. With the internet and online banking, you don’t have to get an appointment or wait in line to apply for a loan. You can complete and submit your loan application straight from home or your office. The process is so simple, making 500 loans your quickest way to get the money you urgently need.


Majority of online lenders do not do hard credit checks, and the loan itself is not based on your credit score alone. Traditional loans require collateral, but with 500 loans online, you don’t need one. Even if you have a bad credit or if you are borrowing for the first time, it will not affect your loan application. What online lenders want to see is whether you have a stable source of income.

Key Points

Online applications for 500 loans are so quick and easy, as long as you provide all the requirements. Getting 500 loans online is a simple and hassle-free process. You would immediately know if the lender approves or rejects your application, so you won’t have to wait for days or weeks.

Once you get a thumbs up, it takes as little as a few hours for a lender to transfer the funds to your account, usually within the day. If in case the lender declines your loan request, you can start looking for other 500 loans online because they’re abundant, and you have so many options.

In taking out 500 loans online, all transactions will take place on the lender’s website only. You don’t have to get an appointment or wait in line at the lender’s office or call the lender to process your loan application. You can complete your loan application online in as little as five minutes, and submit it right from the comforts of your own home or office at any time of day or night.

why get 500 loans

3 most recent personal loan reviews

Review of Money

Absolutely outstanding service. Quick and smooth online application and was called 4 hours after submission to confirm bank details etc and treated me and my guarantor with respect. Money was in my bank at 7pm. Thank you Money loans!

Review posted by Kerri Hancock, Leicester

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Bizzy Loans

I do have to say, one of the best loan sites I have come across, they make everything so easy, with not very good credit history I didn't think I had a chance but they accepted me and I can get my life back on track. Thank you again Bizzy loans.

Review posted by Luke Ridgewell, Chesterfield

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Place For People

A really simple, quick and efficient system to use. The interest rate is a bit steep but it reflects the risk of lending to borrowers with poor credit ratings so I will not complain about that. Being able to pay off extra amounts with out penalties and only paying interest on the amount remaining makes it extremely fair to borrowers.

Review posted by Alan Pinder, Truro

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All Reviews have been acquired from uk.trustpilot.com to guarantee authenticity.