The smallest possible loan that you can take generally varies from lender to lender. At Salad Money, our £500 loan is the smallest loan that you can borrow.
£500 Loan
Looking for a £500 Loan?
Representative Example

£500 Loan
- FCA-Regulated & Authorised
- Quick Loan Approval
- Simple, Transparent Application Process
- No Credit Score Checks
- Flexible Repayment Terms
- No Hidden Fees
- Friendly, Reliable Support Team
What People Say About Us
Reasons To Choose a £500 Loan
Are you looking for a £500 loan to deal with an urgent expense?
If you’re dealing with an unexpected financial obligation, choose Salad Money for a fair, quick and convenient loan with no hidden terms.
As one of the leading online lenders in the UK, we offer fair and affordable £500 loans, specially designed for people with poor credit. Our flexible £500 loans ensure that you have access to the emergency cash you need, when those urgent expenses arise.
At Salad Money, we understand that life can often present unique challenges that can affect your financial health. These challenges often hit hardest when you’re operating on a tight budget.
That’s why we offer you leading personal loans for employed people, to ensure that you get the emergency money you need when you need it. Our £500 loans have transparent loan terms and a fast approval process that’s easy to apply for, with competitive interest rates. The perfect loan for when you need £500 and are struggling to borrow from traditional lenders.
Whether you’re dealing with an unexpected expense or an emergency, Salad Money is here to help. Apply for a £500 loan with Salad Money and get your finances back under control now.
What Is a £500 Loan?
When it comes to loans, many traditional lenders prefer to lend larger loans that start from £1,000. But we understand that everyone has different requirements, some smaller than others.
With Salad Money’s £500 loans, we ensure that you only have to borrow what you need. This not only helps you address any urgent financial obligations but also ensures that you don’t have to pay interest on money that you don’t need.
You can apply for your £500 loan as a flexible solution to address your immediate financial needs whenever you need it. Our loans can be used for any purpose, from emergency car repairs to urgent household needs and even pet medical expenses.
One of the key benefits of our £500 loans is the quick approval process. Unlike most traditional loans, which require long and complicated applications, our loans have a much shorter, faster application and approval process, meaning you get access to the money you need, when you need it.
Compared with other loans, our loans also don’t require a credit history check. Instead, we assess your loan affordability based on your current financial situation through Open Banking Software, rather than focusing on your credit history. This fair and convenient system allows us to approve loans more quickly and provide you with the support you need.

How Our £500 Loan Works
As a leading lender in the UK, we recognise the challenges that borrowers commonly face when trying to get a loan. That’s why we’ve designed our application and approval process to be quick, straightforward, and hassle-free.
Here’s how to apply for our £500 loan, and we make it as easy as possible for you to get the cash you need:

Eligibility
To apply for a loan with Salad Money, you need to be:
- Over 18 years old
- In PAYE employment for at least six full months with your current employer
- Earning a minimum of £1,500 per month after tax (excluding any income from benefits or self-employment)
- Willing to provide access to your bank statements through Open Banking technology
How To Apply for an Direct Lender Loan
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1) Online Application and Open Banking Access
To apply for our loans, start by providing us with some basic details, like your name, age, source of income, and employment status. After, you will be required to provide us secured access to your financial information through the safe and FCA-authorised Open Banking technology.
This will give us an overview of your affordability, income, and spending habits. All UK banks support Open Banking technology, making this as safe as sharing a printed bank statement, so you can rest assured that your data is protected.
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2) Assessment Based on Affordability, Not Credit Score
Once you’ve submitted your application, our team carefully assesses your income and spending patterns, like bills and existing debt repayments. This gives us a better understanding of your financial situation and allows us to analyse your ability to afford our £500 loan, without a credit score check.
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3) Fast Approval and Fund Transfer
Once we’ve reviewed your application, generally within the same day, we will offer you the terms and conditions of the loan, the interest rate, and the repayment period. Once you accept these terms, we’ll directly transfer the £500 into your bank account, usually within 4 hours. So you can address your urgent expenses immediately.
Being an FCA-authorised and regulated online lender, we ensure that the entire application process is safe and transparent, with no hidden fees.
How to Use Our £500 Loans Responsibly
Borrowing £500 can be extremely helpful in a number of scenarios. However, to avoid any financial problems later, it’s always best to make sure you’re borrowing responsibly. This not only helps you make the right financial decision for you but also saves you from unnecessary hassle and stress in the future.
Let’s take a look at some of the top tips to keep in mind to make sure you are borrowing and using our £500 loans responsibly.
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Borrow Only What You Need
Regardless of what you’re eligible for, borrow only what you need. This will significantly reduce your interest payment and make it easier for you to repay on time.
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Stick to a Budget
Incorporating your loan repayments into your monthly budget means you’ll be able to make your repayments on time and avoid any potential harm to your credit score. A great way to do this is by setting up reminders and automatic repayments.
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Only Use Our Loans for Emergencies
When you’re taking our £500, make sure you are only using it for essential, urgent expenses, instead of discretionary spending. This will allow you to make the most of the loan without affecting your financial stability.
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Consider Early Repayment
If you find that you’re able to repay the loan early, it may be best to do so. At Salad Money, our £500 loans allow you to repay early without any extra charges. This can help reduce your interest amount and repay the loan earlier than expected.
Frequently Asked Questions
With Salad Money, getting a £500 loan is made possible for those with impaired credit score, we do this with our use of Open Banking. All you need to do is submit your online application and provide us access to your bank statement using the Open Banking technology. This will allow us to help you access the loan you need, without relying on your credit score.
Yes, some banks may offer loans for an amount as small as £500, but they may have very strict eligibility requirements. However, with safe, direct lenders like Salad Money, you can easily take out a £500 loan without having to worry about a poor credit score.
Why Choose Salad Money?
When you’re looking for the best £500 loans, it’s absolutely essential to find the right online lender for you.
With Salad Money, you can rest assured that you’re borrowing from one of the safest online lenders in the UK. We’re committed to responsible lending, prioritising absolute transparency and customer satisfaction. That’s why we carefully assess every application that we receive to ensure that you get a fair and affordable loan that doesn’t put your financial stability in danger.
As a leading lender, we strictly adhere to all the Financial Conduct Authority (FCA) guidelines. This allows us to provide you with the loans you deserve securely.
We know that not everyone faces the same set of challenges in life, which is why we don’t use credit scores to assess your ability to repay your loans.
We use a unique and transparent Open Banking-based affordability system that fairly assesses your ability to afford our £500 loans. This means we could offer you the money you need, regardless of your credit score.
We’re dedicated to providing fair and transparent loans to all our customers, when they need them most. That’s why we charge no hidden fees or early repayment charges and offer you clear and transparent loan terms and conditions.
To learn more about our £500 loans, get in touch with us or apply for a £500 loan.
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