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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.

£700 Loans

Expenses always seem to reveal themselves when we least expect them. It may be a home repair or not passing an MOT that means you need a little extra cash. Here at Likely Loans, we understand that sometimes you need almost instant access to funds, so we offer loans of £700 and give you the flexibility to pay back across a longer period of time.

Our £700 loans are all unsecured and can be available to those who, due to whatever personal circumstances, have poor credit and need a bad credit loan. Our personalised quotes use soft searches so simply requesting a quote won’t affect your credit score and lenders won’t be able to see it on your credit file unless you decide to complete a full online application. Apply and you’ll receive an instant response if you’re eligible for a £700 bad credit loan. The cash could be deposited into your account the very next working day, ideal for emergency loans. 

How Do I Apply?

When applying for one of our unsecured personal loans there are three simple steps to follow:

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1. Tell us a little bit about you

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2. Get an instant response

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3. Money next working day

Why Use Likely Loans for a £700 Loan?

A £700 loan from Likely Loans offers many benefits:

  • You can apply for a £700 quick loan easily, determining your eligibility before you fill in the online application form

  • Apply online, manage your loans and pay your monthly loan repayments all in one place

  • There are no penalty fees incurred for early loan repayments

Frequently answered questions

Can I borrow a £700 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 while you may not have a perfect credit history, it doesn’t necessarily reflect your position now, so when applying for a £700 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. 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 £700 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 online application.

Can I get a £700 loan with no credit check?

No. As responsible lenders, we carry out credit checks to make sure we aren’t lending to anyone who can’t afford it.

Can I use a £700 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 flexible repayments of a larger amount over a longer term can mean you pay more interest.

What is the criteria to get a £700 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 £700 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 meet the approval criteria, the money should be received in your account by the next working day.

How much will a £700 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 £700 over 12 months at representative 59.9% APR and interest rate 59.9% p.a. (fixed) with monthly repayments of £74.55 your total amount payable would be £894.60 while over 24 months would go up to £1,100.88.

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 £700 loans?

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

Get a Quick Quote for a £700 Loan

Get a personalised quote online for a £700 loan before applying to find out if you’ll be approved. Thanks to Likely Loans’ soft searches you can get your quote quickly and easily without affecting your credit rating. Simply enter your personal details and you’ll receive an instant online response.

Next you’ll receive your interest rate and monthly repayment amounts, so you can plan ahead and manage your finances over the repayment time period you’ve chosen.

Apply for a £700 loan Online

Apply for a £700 loan today by applying online or contact us for information about loans for £700 with Likely Loans.

( It won’t affect your credit score )

Representative 59.9 % APR