£300 Loan

Get between £100 - £5,000 paid out by

How much would you like to borrow?

  • 100% Online Process

  • Borrow up to £5,000

  • UK Based Lenders

  • Bad Credit Accepted

  • 2 Minute Application

  • Same Day Transfer

  • Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).
    *Subject to application being approved by the lender. Not all lenders are able to provide up to £5000.

    How to Find the Right Lender for a £300 Loan

    Choosing the right lender for the £300 loan you need is absolute crucial for numerous reasons. There are dozens of different online lenders that you can borrow from, but not all of them will match your specific needs. One of the best ways to ensure that you get a good deal on your loan is to choose the right lender. We will provide you with some tips and guidance for finding a private lending business that will be able to help you.

    Establish Your Requirements

    Before you start looking for the best lender to borrow from, you should establish what your specific needs are. This will allow you to narrow down your options significantly, which makes finding the right lender a lot easier. You’ll have to determine how quickly you will be able to pay back your £300 loan. Most lenders you find online can offer you multiple repayment options. Some lenders will quire you to pay back the money with your next pay cheque, while others can give you up to a month. The bottom line is that you need to find a lender that can match your needs perfectly.

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    Getting the Lowest Interest Rate

    Another factor that you’ll have to consider when choosing a lender for your short-term loan is the rates they charge. A lot of these lenders charge flat rates, which you will most likely find on their websites. You should see a specific rate listed for the amount you want to borrow. You may also be able to get a quick quote through their website. When you take the time to do this, you can obtain the loan you need for less. There is no point in paying more than necessary for your loan if you can help it. Shopping around and comparing quotes from different lenders is the most effective way to save money.

    Read Customer Reviews

    You should also spend a decent amount of time reading customer reviews for at least several different lenders. This will help you find out what sort of reputation the lender has. There are a few things to pay attention when reading these reviews. You need to look for reviews that mention how flexible the lender is. Some of these lenders are very strict, while others are more lax in general. Try to choose a direct lender that has a lot more positive reviews than negative ones. This can really help you out a lot when you are trying to make this type of decision.

    Security and Privacy Policy

    You want to find a lender that protects your information with an encrypted website and a strict privacy policy. Make sure that their privacy policy clearly states that they don’t give any customer details to third parties. You also need to make sure that the site you fill out an application on is completely secure. This will prevent you from becoming the victim of identity theft, which you definitely don’t want to deal with. While this is not a real concern or issue with most lenders, you’ll still want to check just to be safe.


    Find out which specific fees each lender charges their borrowers before you accept any online loan offers. The interest rate is not always the only fee that you’ll have to pay on top of the principal amount that you borrow. Some lenders charge a fee just for submitting an application, though this has become less common over the last decade or so. You shouldn’t have to pay anything to submit your application, so look for a lender that doesn’t charge this fee. You need to get a full idea as to how much your loan will cost in total.

    How Does Happy Penguin Compare?

    Why Use HP?
    What's the max loan amount?
    Up to £5,000
    No hidden fees.
    Is approval instant?
    Yes, immediate.
    On Screen Decision
    Poor Credit Possible?
    Yes. Bad credit too.
    All considered.
    Same day transfer?
    Within the hour!
    Direct to bank!
    Flexible Repayment Dates?
    Flexible terms.
    Quick and easy.

    Spending Restrictions

    A majority of online private lending companies don’t limit how their customers are able to spend the money they borrow. This is still something that you will have to make sure of when you are researching your various options. You don’t want there to be any restrictions that limit your ability to use the loan.


    Make sure that you find out what kind of customer support options each lender offers as well. There are some lenders that are better than others at communicating with borrowers. You should look for a lender that has a phone number that you can call at any time of the day or night. This will provide you with a quick and easy means of getting help when you need it.

    You don’t want to choose a lender that only offers email support, as this simply isn’t good enough. If you ever have a very important issue, you don’t want to rely on email correspondence. It is a good idea to actually call the lending company before even filling out an application with them. This will give you a much better sense as to how helpful they will be if you ever need assistance for anything.

    The Application

    One of the main reasons that online short-term loans are so popular is because of the speedy application process. Each lender has their own application form, and some of them take longer than others to complete. It is important to find a lender that makes this process as efficient as possible. It shouldn’t take more than 10 to 15 minutes for you to complete the application. You don’t want to spend any more time than you have to on this. The faster the application is, the sooner you can get your money.

    The Lender’s Website

    Take a close look at each lender’s website so you can get a sense of how professional each one looks. You should be able to navigate through the website easily and without any issues. Legitimate online lenders always have websites that are designed with the customer in mind. Most of them have big “Apply Now” buttons on the main page that you can click to start your application. There should also be an “About Us” section that you can visit to get more information on the lending company. This information can be very useful when you are trying to choose the right option to match your needs.

    Credit Requirements

    Online lenders are generally known for accepting applicants with bad credit, but you still need to make sure of this with each one you look into. If you have poor credit, you only want to apply with lenders that have a lax policy for these kinds of applicants. You shouldn’t need to have great credit to get approved for one of these loans. It is, however, still a good idea to check your own credit in the beginning. You can expect the lender to run a credit check on you, which is why it is important to get this information. Everyone should know what their credit is like. This is something that you should do a minimum of once per year.


    Find out what sort of policy each lender has when it comes to granting extensions. If you need more time to pay back the money you have borrowed, it’s always good to know it is an option. A lot of these lenders will grant borrowers an extension if necessary, but you need to find out the specifics. How much extra time will you be able to get if necessary? Don’t be nervous to ask the lenders you are looking into this, because it’s something you should know. They are unlikely to reject your application just because you asked this question.


    You must also look at what kinds of credentials the lender has. This will really help you with finding one that is legitimate and trustworthy. Look for lenders that are licensed or certified to provide these financial services. It’s also important to look for ties to reputable associations or organisations. This can give you a better idea as to which lenders you can rely on to meet your needs without any issues.


    The more transparent a lender is about their lending practises and policies, the more trustworthy they are likely to be. You should be able to get just about all the information you need about them on their website. This will tell you just how transparent the lender actually is. You’ll also be able to get an idea about this by simply speaking with them. If they seem like they are dodging your questions or being purposely vague, you should choose another lender to apply with.

    The last thing you want to do is to choose the first lender you find to borrow from. While you might not realise it, the lender you get a lot with will affect a lot of different things. Your overall ability to repay the loan will be impacted by this decision in a very real way. This is why it is such a good idea to do your research. Do not choose any particular lender until you have taken the time to consider all of these things in depth.

    Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk. Happy Penguin is a broker, not a lender, and does not make credit decisions.