When looking for a $500 loan, probably no one thinks that such a small loan amount brings with it some obstacles on the way to admission. Because $500 doesn’t sound like much at first, so nobody can really imagine that it would be difficult to borrow such a sum from a bank or other lender.
In reality, however, it is precisely this small sum that can sometimes cause a little difficulty. Because the manageable sum ensures that the selection of the donor must be very precise. After all, a $500 loan cannot be borrowed from every bank or lender.
What can a $500 loan be used for?
If the borrower opts for a $500 loan, then he can of course freely decide what the money from the loan is used for. Due to the small amount, it can be assumed that consumer goods are being purchased, the account is being balanced or a down payment is being made for a major purchase.
However, it would also be possible for other family members to be supported with the help of the $500 loan or for a smaller investment to be made towards the future. Ultimately, with a $500 loan with free use, the borrower can decide on his own responsibility where the money goes.
At the same time, if you face the fact that $500 is not enough for you to cover all your expenses, our company also offers loans for large amounts, such as $700. Sometimes it is the difference of $100-$200 that can play a huge role and help you out in the situation when you need it.
What are the advantages of 500$ payday loan?
1. Free Loan Calculator
With the free loan calculator, clients can immediately see what costs can be expected at the desired amount. Since our company does not take any processing or commission fees, all costs are transparent.
2. Credit requests for the loan are credit history-neutral
The loan inquiries at our company are credit history-neutral. This means that we do not check your past experience with third parties and only look at the documents that are required for the loan
3. No long-term commitment thanks to quick repayment
Nobody likes to be in debt. With our company you are not tied down for long, but can quickly pay off your debts thanks to short terms. In this way, financial difficulties can be bridged at short notice.
Apply for a loan: How does a loan application work?
To get a payday loan up to $500 with bad credit, you only have to follow three simple steps.
- Step 1: choose the loan amount
In the loan calculator, select the loan amount you need and the term. You can immediately see what interest you have to pay.
- Step 2: Submit a loan application
Now fill out the following loan application and upload the required documents. Your loan application is ready in just a few minutes.
- Step 3: Have it verified
With online 500$ loan you effectively avoid tiresome paperwork. You can be verified directly on your computer or mobile phone using the online-form procedure. Your loan application can now be processed.
What are the requirements?
Similar to a bank loan, online payday loans also have some requirements for a loan application, although they are not as strict as other banks. You must be of legal age and resident of the United States. A bank account and a regular income of at least 3 months are also required. During the application process, you will need to upload various documents to get your desired loan. This includes the signed contract, a scan of your identity card or passport with confirmation of registration and a current proof of income.
The $500 loan with bad credit history and no credit check
There are many consumers who have a bad credit history by failing to pay. Even with a $500 loan, this can become an obstacle in a bank. In such a case, PAYDAYPLUS loans up to 500 can help you find a perfect lender who specializes in such offers.