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

Find a loan for £300

  • Fast 3 to 12 month online loans
  • 100% No obligation loan quotes
  • Cash could be sent in minutes*
Get a quote now

79.5% APR Representative

Digitonomy Limited (trading as Growing Power) is a credit broker not a lender. All Applications Subject to affordability, UK residents only.

Rates between 11.8% APR and Maximum 1721% APR - your no obligation quote and APR will be based on your personal circumstances - we compare small loans from over 30 lenders to get you the lowest APR possible. If you are not successful in finding a loan we may transfer you directly to alternative firms and services, such as credit builder tools, which may charge you a monthly fee.

Apply 24/7
Available 24/7 online - apply now
Cash in minutes
If approved, cash could be sent quickly
Decision within seconds
Get your decision within minutes
Affordable repayments
Flexible Repayment options

Representative example: Amount of credit: £1000 for 12 months at £123.40 per month. Total amount repayable of £1,480.77 Interest: £1000.00. Interest rate: 79.5% pa (fixed).79.5% APR Representative.

Rates between 11.8% APR and Maximum 1721% APR. Loan term lengths from 3 to 60 months. There are no fees for our service.

Borrow £300

Small loans are big business in the UK – in fact, did you know that small loans are actually one of the most popular types of finance in our country? It might surprise you to learn just how many people take out a loan for £300 or a similar smaller amount every day.

According to the Financial Conduct Authority (FCA), Britain’s loans watchdog and regulator, 5.4m of us took out a small loan in the year to June 2018. The average amount people borrowed was around £250 with people living in London borrowing more than people in the North.

Another thing that the FCA discovered which might surprise you, is the living arrangements of the people who took out small loans for £300 or similar amounts.

In years gone by, loans were really only approved for older homeowners because many lenders thought they were a safer bet. Today, it’s very different. 37% of small loan borrowers are tenants and 26% live with their parents. There are now more borrowers aged between 25 and 34 than any other age group.

If you’re looking for a £300 loan to help you cover an emergency bill or another unexpected expense, you can apply through Growing Power, even if you have a bad credit score.

What you need to know

Where can I find the best £300 loan?

There are hundreds of companies you can apply to for a £300 loan here in the UK. Those companies will either be direct lenders or brokers. Every lender and broker must be FCA-authorised and regulated to arrange a £300 loan for you, just like Growing Power is.

You can deal directly with lenders themselves to find your £300 loan if you choose to. All you have to do is to find their websites on the internet and fill out their online loan application forms.

Brokers work slightly differently. Brokers like Growing Power have their own panel of lenders. What a broker does is to introduce potential borrowers to the lenders – like a middleman. But why should you use a middleman when you can apply direct?

Well, you can but there are a couple of good reasons why we’d ask you to consider using a broker like Growing Power.

When you apply direct to a lender, you can’t be entirely sure what type of borrower they’re looking for.

What we mean by this is that some lenders will be happy to offer you a loan of £300 if you earned £750 a month at your job whereas others wouldn’t. Some might want you to earn £900 a month - but they don’t tell you that on their website.

It gets more confusing still. Some might be happy to lend to you, but they won’t be prepared to lend you £300 – they might only want to offer you £200.

Well, if you need £300, £200 isn’t going to be any good for you. After all, it’s not going to help you pay for what you need to cover.

A number of lenders might be very happy to lend you £300 but at different interest rates – higher interest rates mean that your loan will cost more. You might apply to one lender who says “yes” to your application for a £300 loan but another lender might offer you a better deal.

Brokers like Growing Power have a big advantage – and it’s an advantage you can use for yourself.

When we admit a new lender onto our panel, we ask exactly what type of borrower they want to lend money to. They tell us what we need to know in great detail and, once we have that information, we then program it into our super-fast computer systems.

When you ask for a £300 loan through us, we’ll examine all the information you give us on the application form.

We then match your personal and financial details to the right lender using the information they’ve told us about who their ideal borrower is. This all happens in seconds and you can rest assured that we don’t approach a lender for a £300 loan on your behalf whose eligibility criteria you don’t match.

Ready for a quick loan?

How brokers work hard to get you a great value £300 loan

If you apply for a £300 loan from, say, 10 different lenders in a short space of time, they will record each search they have to make on your credit report. The law states that they must do this.

If you make lots of applications for a loan within a short time frame, this may actually harm your credit score – lenders don’t like seeing lots of hard credit searches close together. It may mean that a lender would now say “no” to you whereas they would have said “yes” if there weren’t all those recent searches.

By going through a broker, you will only be approaching the lenders you have a chance of getting a “yes” from. Plus, there’ll only be one hard search recorded on your general credit report if you decide to make a complete application on the website of the lender we redirect you to (subject to eligibility).

Do I qualify for a £300 loan?

To qualify or to be eligible for a £300 loan, you need to be:

  • 18 years or older,
  • in employment,
  • have a UK bank account with a debit card, and
  • earn more than £750 a month from your job.

Can I borrow £300 with a bad credit score?

There’s no such thing as a guaranteed £300 loan. However, we work with a very wide range of open-minded lenders to find borrowers the loan that they need, even if they have had some financial problems in the past.

Many of the lenders on our panel work with bad credit borrowers – they take an inclusive and understanding approach to borrowers’ lives and their financial situations. Whilst what’s on your credit report is still very important to our bad credit lenders, they really do also take into account how affordable the loan is today for you.

Please note that we do not offer no credit check £300 loans – no credit check loans are not regulated by the FCA. Read more about this here.

So if you have a bad credit rating, please don’t let this put you off applying for a £300 loan if you are sure that you can make all of the repayments on time and in full.

Can a £300 loan be used for an emergency?

Yes – and the reason why many of our borrowers apply for a £300 loan is to help them deal with an unexpected or emergency bill. Read more about emergency loans here.

As with any loan, please do not apply if you are not certain that you can make each repayment in full and on time. If you are in debt and you feel that your debt is not manageable, you may wish to consider contacting one of the UK’s leading debt organisations – Stepchange, PayPlan, NationalDebtline, the Debt Advice Foundation, the Money Advice Service, and Citizens Advice. Their services are free of charge.

You can apply for a £300 loan through Growing Power over 3 months, 6 months, or 12 months. You benefit from lower monthly repayments on loans taken out over a longer length but please be aware that you will generally pay more interest on them overall.

To apply for a £300 loan, please click here. Please remember that our service is totally free and that you don’t have to accept any loan offer we find you if you’re not completely happy with it.

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