There are times in life when you have urgent expenses but don’t have enough funds to cover them. It could be your boiler needs replacing or you have car repairs to pay for. Whatever your financial requirements, a £1,500 loan can provide much-needed help with your bills.
We want you to feel confident when making financial decisions. This guide is designed to give you an overview of what £1,500 loans are, how you can apply for one and what they can be used for.
What are £1500 loans?
No matter how careful you try to be with money, there may be times when you are faced with unexpected bills or price hikes and can’t cover them. That’s where a 1500 loan comes in. A loan of £1500 can be used to pay for a variety of different expenses. These loans are short term and are repaid over several months or a few years.
Key characteristics of a £1500 loan include:
- Short term: you can repay the loan over several months to three years
- Higher interest rates: higher rates of interest compared to other types of traditional loans
- Online application: a simple online form to fill out to apply
If you are approved for a loan of £1500, the money will be paid directly into your bank account. Our panel of lenders typically prefer £1500 loans repayments to be made in regular instalments as opposed to one lump sum.
Why choose Tendo Loan for a £1500 loan?
Tendo is a loan matching service, not a direct lender. We can match you with lenders who can offer you the best loans based on your circumstances. We don’t charge a fee to use our services, but we may earn a commission for referring you to our lenders.
Our online lending process is fast and straightforward. Whenever you’re in need of urgent funds, you can fill out the form and you could be approved for a loan within minutes. Our lenders also offer flexible repayment options which don’t require long-term commitment. You could repay the £1,500 loan over 3 to 36 months, depending on the terms of your loan agreement.
Tendo and our lenders pride ourselves on being transparent. We’ll always be upfront about fees and the terms of your agreement. You’re under no obligation to accept the loan quote offered to you.
You can contact us if you have any questions about the loans our lenders offer or the application process. Our friendly team will be more than happy to advise you and help you find the best £1500 loans possible. For a fast response, you can email us on customers@tendoloan.co.uk.
Can I get a £1500 Loans with a Poor Credit History?
Our lenders consider applicants with all credit types. You could get accepted for £1500 loans, even if you have a less than perfect credit score. However, you may have higher interest rates than other applicants with better credit scores.
To be approved for a £1,500 loan, you must meet the lending eligibility requirements. Applicants must be at least 18 years old, have a bank account and earn a minimum of £500 net income per month. You must also be a UK resident and have a valid email address and phone number.
What types of loans are available for borrowing money?
Here at Tendo, we work with lenders to offer you various types of loans. You can apply for emergency loans and urgent loans with bad credit using our simple online form. You can also apply for payday loans, which can help you cover urgent financial expenses.
Based on the information provided by you, we’ll try to match you with the best lender to suit your circumstances. While there’s no guarantee you’ll be offered a loan of £1500, our lenders do consider applicants of all credit types.
Our lenders offer loan amounts of between £100 and £5,000 over a course of 3 to 36 months.
Can I borrow more than a £1500 loan?
You can apply to borrow up to £5,000 from our lenders. However, there’s no guarantee that you’ll be approved for a loan, no matter how much you apply for. Our lenders base their decisions on several factors, such as your income, outgoing expenses and credit score.
What to do if you’re struggling with debt
It’s important that you only apply for a £1,500 loan to cover urgent financial needs. You shouldn’t apply for a loan to cover luxury expenses.
If you find you are struggling financially, you can find free impartial advice through the following organisations:
£1500 Loan FAQs
If you think you may miss a repayment for your £1500 loan, you should contact your lender as soon as possible. They will work with you to find a solution. Don’t be scared about contacting your lender for help, you may be surprised at how understanding and helpful they can be.
For security reasons, lenders don’t share the reasons you were rejected for a loan. It’s important to refer to the lending eligibility requirements before applying for another loan.
