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500 Dollar Loan

Why would you need a $500 loan? Sometimes life has financial roadblocks that make it hard for us to move forward.



Online Personal Loans Up To $3,000. Even if you’ve filled out their online form and received an offer from one of their lenders, you are not obligated to accept any offer if it doesn’t work for you.

Max loan amount:
$3000
Min Credit Score:
Age:
18 years
A good personal loan:

– Fill Out a Simple Form
– Get Connected with a Lender
– Money is Deposited Directly

Payday Loans up to $1,000. You will be connected with one lender and receive your loan decision. Super easy!

Max loan amount:
$1000
Min Credit Score:
Age:
18 years
A good personal loan:

– Fill Out a Simple Form
– Get Connected with a Lender
– Money is Deposited Directly

You are more than your credit score. On Upstart your education and experience help you get the rate you deserve.

Max loan amount:
$50000
Min Credit Score:
620
Age:
18 years
A good personal loan:
  • Good for those with little credit history
  • Origination fee: 1% to 6% of loan amount, depending on borrower’s grade
  • Late fees: Greater of $15 or 5% of payment amount
  • Personal-check processing fees: None
  • Are you paying more than 10% interest on your credit cards? SoFi Personal Loans could help you save thousands. With low personal loan interest rates and a fixed monthly payment, you can get loans to pay off credit cards, pay off high interest debt, or make a major purchase. It only takes minutes to apply.

    Max loan amount:
    $100000
    Min Credit Score:
    0
    Age:
    18 years
    A good personal loan:
  • Good for those with little credit history and high income
  • No origination fee
  • SoFi offers networking events and career development advice to borrowers
  • Late fees: 4% of payment due or $5, whichever is lower
  • Personal-check processing fees: None
  • Loans for your life. Consolidate your high interest loans and save. Although that you can’t borrow your way out of debt, consolidating all of your high interest loans into one debt consolidation loan through Prosper could save on the amount of interest you’re charged each month.

    Max loan amount:
    $35000
    Min Credit Score:
    640
    Age:
    18 years
    A good personal loan:
  • Suitable for those with good credit profiles
  • Origination fee: 1% to 5% of the loan amount, depending on the borrower’s Prosper grade
  • Late fees: Greater of $15 or 5% of the payment amount
  • Personal-check processing fees: None
  • Fill out a 5-minute application and have funds directly deposited into your checking account as early as the next day.

    Max loan amount:
    $25000
    Min Credit Score:
    600
    Age:
    18 years
    A good personal loan:
  • Ideal for borrowers with average credit who want to complete the process online
  • Origination fee: Varies, but typically 5% of loan amount
  • Late fees: Varies by state
  • There are only a few guarantees in life, and one of them is that we all go broke from time to time. Luckily, there are options for us when we are in difficult financial situations.

    If you are in a tight spot, getting a 500 dollar loan could help you get through it unscathed. It might be just what you need to get your life back on track.

    Here are some tips on how you can get yourself a 500 dollar personal loan, should it ever become necessary:

    1. Prepare for the application process

    Once you decide that a $500 loan will help you, it is time to gather up all of the documents and forms that you will need for the application process. Each lender is different, but you will probably need an ID, paystubs from your employer and a bank statement. You can find out what documents you need by asking your lender before applying.

    If you are missing any documents, figure out how to get them. You may need to ask your employer to print out some paystubs for you, or find a friend with a printer to print out a bank statement. Get these things done before you apply for the 500 dollar loan, and you will not have to worry about them later.

    2. Know which qualifications you meet

    Knowing which loans you will likely qualify for will make your search for a 500 dollar loan a lot easier. Figure out what requirements lenders typically have, and see how you fair in each category. If your credit score is low, or you do not meet the income requirements, simply move on to the next lender.

    These are some of the requirements you might come across:

    • Minimum credit score
    • Verifiable income
    • Minimum monthly income
    • Active checking account

    If you meet all requirements for a specific lender, add them to a list. Once you make a substantial list, you can begin browsing these different lenders, and figure out which loan makes the most sense for you.

    3. Find the best lender and apply

    Do you need the 500 dollar personal loan by a certain day or time? How long will you need to pay it back without defaulting? Answering these questions will help you figure out which loan is right for your specific situation.

    Credit

    If you have poor credit, there may be some lenders who will not check your credit for a 500 dollar personal loan. Some simply require proof of your income. If your credit is poor, these are the only lenders you should submit applications to.

    Interest rates

    Each 500 dollar loan you come across will have its own interest rates. You want your interest rates to be as low as possible. The higher they are, the more you will have to pay back over time.

    Loan terms

    Aside from interest rates, other loan terms might include the length of time you have to pay back the $500 loan. There might also be other rules and conditions attached to your loan. Some lenders require the use of collateral to make sure you pay them back.

    Make sure the loan terms give you enough time to pay your 500 dollar loan off and that you are confident you can make each scheduled payment. Otherwise, your lender might give you additional fees to pay for late payments.

    If you must use your vehicle’s title or some other valuable item you own as collateral, only do so if you know you can make all of your loan payments. If you default you could end up losing that item forever.

    Applying

    Now that you know the best lenders for you to apply for a $500 loan from, you can submit your first application. This can be done online, over the phone or in person, depending on the lender you choose for your 500 dollar personal loan.

    Wrap-up

    Whether you are short on rent, need money for bills or just need a little financial cushion to get through the next few weeks, a $500 loan can make a big difference. When your back is against the wall, it is good to know there are options. Perhaps a 500 dollar personal loan is the right option for you.