£300 Loan - Borrow 300 Pounds Today for 3 to 12 Months

If you are looking to borrow £300, a CashFlex loan could be the ideal option. As a broker we can help you find the ideal loan from our large panel of lenders, which pride themselves on providing simple loans, transparent terms and no hidden costs.

What can I use a £300 pounds loan for?

There are no strict rules about what your £300 loan can be spent on, although most borrowers use the funds to cover an unexpected expense. For example, an urgent bill, home appliances, boiler repair or car repair bill. If you need the extra cash before your payday, a CashFlex loan could help.

The money is yours to spend as you wish, however it is important to ensure that you can comfortably afford the repayments before applying for a loan. Before you complete your application think about whether it is possible to make some cutbacks in your budget, instead of applying for a loan. It is also advisable to carefully consider exactly how much you need to borrow, as you may find that you need to borrow less than the £300 loan. 

What is the best £300 loan for bad credit?

Although a £300 loan is a relatively small amount, a bad credit rating can make it difficult to find a bank or building society willing to approve the loan.  If you have a poor credit history, most traditional lenders will consider the loan to be high risk and are likely to reject the loan. However, thanks to our panel of progressive lenders, it may still be possible to borrow £300. 

As responsible lenders, a credit check will be carried out and the results will be an important factor in deciding whether to approve your loan. However, your credit history is not the only aspect which is considered during the underwriting process. 

We understand that it is very difficult to have a perfect credit rating, so every application is individually assessed based on several factors. If you can prove that the repayments on your £300 loan are affordable and that you have been managing your finances well in recent months, your loan could be approved.

How long to repay a 300 loan?

We believe that all loans should be offered with flexible terms designed to suit the borrower. Unlike payday loans which usually need to be repaid in full on the next payday, a £300 loan through CashFlex can be repaid in 3, 6 or 12 monthly instalments.

This means it is possible to effectively manage your finances and choose a repayment term which results in affordable payments. The lowest payment amounts are achieved when the loan is spread across the full 12 months, although the longer term could result in more interest being paid overall.

We aim to make our loans as flexible as possible, so loans are available for as little as £100 up to a maximum amount of £5,000. The repayment terms are designed to reflect the amount you borrow, so loans of less than £1,000 will be offered with terms of 3, 6 or 12 months. However, if you borrow more than £1,000 the terms can be as long as 36 months.

How do I apply for a £300 loan?

Before you apply for a loan, we recommend using our innovative FastCheck tool, which will calculate your chances of being approved before you apply. There is no credit check and you will be provided with an instant result to help you decide whether it is worth applying.

If you are struggling with your credit history, it is advisable to avoid making too many loan applications in a short space of time. Instead of applying to multiple lenders in the hope of being approved, you will only have one hard search recorded on your credit file when you apply through our website.

As a broker we pass your application across to our lenders, who will verify your details and indicate whether they are likely to approve your £300 loan. As part of this process they will complete a soft search of your file, although this is only visible by you and will not impact your credit score. As soon as a lender gives a strong indication of approval, you will be redirected to their website. 

As soon as you complete the lenders application form, they will complete their final checks and carry out a hard check on your credit report. All lenders on our panel are authorised and regulated by The Financial Conduct Authority, which means they are legally required to complete a hard credit check. Once the lender assesses the loan affordability, they will make their decision and if successful the loan could be sent to your account within just minutes*. However, it may take longer for the funds to be available in your account as the processing speeds will depend on your bank. 

Apply today for your £300 loan!

Our application form takes just 2-minutes to complete and applying for a loan through our website is completely free of charge. Although our lending process is designed to be quick, it is important that you take the time to consider the implications on your finances of repaying the loan. Our loans are not designed for covering long-term expenses, so if you are struggling with meeting your bills each month a new loan may not be the best option for you.

If you would like to discuss your options with an impartial organisation, there are several which offer free advice including, The Money Advice Service, Step Change, PayPlan, National Debtline, the Debt Advice Foundation and Citizens Advice.

You are age 18 and a UK resident

You have a regular income

You have a valid UK bank account with an active debt card

Try our FastCheck tool with no impact to your credit score

Our new tool allows you to calculate your chance of being accepted for a loan.

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Representative Example: Amount of credit: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28. Interest: £428.28. Interest rate: 49.9% pa (variable). 49.9% APR Representative.

We’re a fully regulated and authorised credit broker and not a lender.