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Over how many months?

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Representative APR

59.9 %

Total repayable

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( It won’t affect your credit score )

Representative 59.9 % APR

Representative example

Borrowing £2,000 over 24 months at Representative 59.9% APR and Interest rate 59.9% p.a. (fixed) with monthly repayments of £131.05 and a total amount payable of £3,145.20. This example is for illustration purposes only. The rate and / or term you are offered is dependent on your individual circumstances Rates from 39.9% APR to maximum 89.9% APR. Loan terms from 12 to 36 months.

£1500 Loans

Having a poor credit history, or a low credit rating can be a barrier for securing a £1500 loan when you need to borrow money. However, with Likely Loans, help could be at hand, courtesy of a £1500 loan from us.

Even if you have poor or bad credit history, we may be able to provide you with the £1500 loan you need. You may need this loan to cover your expenses for the month, like surprise medical, vet or household bills. Or perhaps you need extra money to purchase a purchase a new car. Whatever the reasons, you could find the support you're looking for.

We have different repayment options on our £1500 loans, meaning you could borrow £1500 and pay this back over periods ranging from 12 months to 36 months. Checking your eligibility is fast and straightforward. What's more, thanks to our soft search, applying online for a quote on our £1500 loans will not affect your credit score. In fact, if you repay the loan in full with no late repayments you could even improve your credit score over time.

Why You Should Choose Likely Loans for a £1500 Loan

On top of being able to quickly apply for a £1500 loan online, more great reasons to choose Likely Loans include:

  • There aren't any additional fees charged on your £1500 loan
  • There's no obligation on any of our loan quotes
  • You can manage loans online
  • There are options on early repayment, without any extra fees

Frequently answered questions

Can I borrow a £1500 loan with a bad credit score?

With the ability to shop around online for different types of loans, getting rejected by your bank isn’t necessarily a problem as lenders like Likely Loans may be able to give you access to bad credit loans despite a low credit score. We understand that your financial history may not reflect your position now, so when applying for a £1500 loan with bad credit, lenders will look at your current financial situation and other indicators to decide whether you’ll be able to afford the fixed monthly repayments on the loan.

If you’re worried about being rejected because of your bad credit history, you can check your eligibility with us without having an impact on your credit score. We do soft search credit checks which mean your credit file won’t be affected at this stage. We do soft search credit checks which means your credit file won’t be affected at this stage. Simply enter a loan amount and term into our online loans calculator with a few of your details to receive your personalised loan quote.

Can I get a £1500 loan without a guarantor?

Yes. We offer unsecured loans which mean you neither need to secure your loan against your assets nor need someone else to be a guarantor as part of your application.

Can I get a £1500 loan with no credit check?

No. Responsible lending is our priority so we carry out credit checks to make sure we aren’t lending to anyone who can’t afford it.

Can I use a £1500 loan to pay off other debts?

Of course, you can use the loan for things like unexpected bills, car finance and home improvements. Debt consolidation can often be a good choice depending on your circumstances. However, we encourage you to work out if consolidation loans financially make sense as sometimes spreading the repayments of a larger amount over a longer-term can mean you pay more interest.

What is the criteria to get a £1500 loan?

As with most loan providers, our lender requirements are that you’ll need to be over 18, a UK resident, employed and have a bank account and debit card to complete a loan application. In terms of income, you should be able to comfortably afford monthly payments from your regular income - for example, as a guide, £700 per month would be a minimum. We’ll look at your credit history and personal finances before making our decision.

How long will it take before receiving the £1500 loan?

Applying for any loan with Likely Loans is quick and simple and you’ll find out if you’ll be eligible within minutes. After that, once your application goes through the required checks, if you’re approved you could have your money in your current account by the next working day.

How much will a £1500 loan cost?

Your total amount repayable is dependent on how long it takes you to repay the loan and the APR you’re offered which is based on your personal circumstances, amount and loan repayment period.

As an example, borrowing £1500 over 12 months at representative 59.9% APR and interest rate 59.9% p.a. (fixed) your total amount payable would be £1,917 while over 24 months would go up to £2,358.96.

What is an APR?

APR is the annual percentage rate and important for calculating the cost of money borrowed. Interest rates, fees, how often it’s charged and all other costs contribute to the APR. Representative APR is the APR we'll offer to at least 51% of people who are accepted - it's not a guarantee. The remaining customers that are also accepted will be offered a different APR than the one advertised based on individual circumstances. Please note, the APR offered is based on your personal situation and is dependent on many different factors. As such the APR offered may be different from the representative APR.

Will I pay a higher rate if I have bad credit?

Yes, you might. As a lender, we offer our representative APR of 59.9% to at least 51% of customers who are accepted for a loan. If you have bad credit, you may be charged a different rate.

What repayment terms are available for £1500 loans?

For a £1500 loan, you can borrow from 12 to 36 months.

Can I top up my £1500 loan?

You may be eligible to top up your loan in the future and you can check your eligibility through your online account.

Get your Quick Quote for a £1500 Loan

All we need from you is a few personal details when you fill out our online application for a personalised quote online and you’ll get an instant response for a £1500 loan. Also, remember that all our online loans are unsecured, so you don't need to own a home to take one out. If you’re approved, your cash could be in your bank account the next working day.

Apply for a £1500 Loan Today

So, apply now or feel free to get in contact with us to learn more about any loan for £1500 you want to take out. We'll tell you what you need to know.

( It won’t affect your credit score )

Representative 59.9 % APR