£300 Bad Credit Loans.

We are here for you.

Fast affordable online loans for bad credit scores.

100% secure online application process

Money can be sent in just 15 minutes#

Applying does not affect your credit rating

Thousands of loans found every month

Representative APR 49.9%

Representative Example: Borrowing: £1200 for 18 months, Total Repayable: £1628.28, Total Interest: £428.28, Interest Rate (Variable): 49.9%. Rates between 9.3% APR to Maximum 1294% APR

The Money Shop is a registered trading name of New Horizons Finance Limited, which is an Introducer Appointed Representative of Flux Funding Limited, who are a credit broker not a lender. Loan repayment terms are between 3 and 36 months.

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

£300 loan online, what’s our alternative?

When you’re a few hundred pounds down from purchasing something you need or covering an unanticipated bill, it can seem stressful, as though you’re in a hopeless place. Loans have historically only been for thousands of pounds, but at The Money Shop, we don’t believe in over-borrowing for the sake of a minimum amount.

Our lenders offer loans starting from £50 upward, and £300 is one of our most popular sums for those looking for a little extra to tide them over. At The Money Shop, we operate almost entirely online, and we’re more open than ever about who can receive a helping hand with their finances.

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Who is eligible for a £300 online loan?

The Money Shop offers access to £300 online loans to applicants as long as they are:

  • Aged over 18 (and able to provide proof of age).
  • A British citizen and can provide evidence of this, such as with a UK passport 
  • Have a bank account based in the UK in their name.
  • Employed, either through a traditional employer or their self-employment and has documentation to prove this.
  • Has a regular income of at least the minimum wage amount and can provide evidence such as a print-out of a bank statement showing income).

If you fit all of the eligibility criteria and would like to go ahead to apply for a £300 loan at The Money Shop, you can do so online. If accepted, the money is often deposited into your bank account within a few hours, so you’re free to go and spend it as you need right away.

Your questions, answered

Loans have long been the domain of big banks, granted at the whim of daunting-looking staff who comb through an applicant’s finances with a fine-toothed comb and a degree of scepticism. Thankfully, times have changed, and you no longer need to complete lengthy forms or attend in-person meetings to ask for a cash injection to cover an unexpected expense or tide you over until your next payday. 

Unlike some loan introducers, The Money Shop do not make stipulations or conditions on what you spend your loan amount on; it can be whatever you like, within reason. Our lenders trust in our customers that they will shop around for the best deal. Our lenders are more than happy to lend you the money you need if you meet their criteria.

The term ‘payday loan’ has long had negative connotations, but the landscape for this type of alternative financing has changed hugely in recent years. In 2015, the British Government’s FCA (Financial Conduct Authority) brought in new laws to protect those seeking alternative finance. Until then, APR rates spiralled up to 5000% or more, often leaving those borrowing in dire financial straits. The new laws capped repayments at never more than twice the borrowed amount, with interest now capped at 0.8% per day. This much more ethical fee structure makes accessing alternative funding more realistic and responsible for many but has seen brand names like Wonga fold their businesses.

Alternative lending refers to any loan or financial product not provided through a traditional bank or building society. We understand that not everyone wants to approach their bank for a loan or discuss finances, even if they have a current account and a good working relationship with their bank. The Money Shop work with a panel of lenders entirely independently from any bank or building society.

The Money Shop team can talk through product and service options, helping you identify the right loan amount and repayment structure that’s right for you. We offer flexible repayment options to fit your income dates and at amounts you can afford without compromising your daily expenditure. Get in touch to learn more with no obligation to borrow or buy.