Need a £300 Loan? Search 50+ Lenders in One Application
When an unexpected bill lands or your budget falls short, a £300 loan can bridge the gap without the need to borrow more than you actually need. Whether it’s a car repair, a vet bill, or a broken appliance, £300 is often enough to solve the problem and get things back on track.
At New Horizons, we search over 50 FCA-authorised lenders to help find a £300 loan that fits your circumstances. Our Soft Credit Match technology checks your eligibility without leaving any mark on your credit file, so you can explore your options with zero risk to your credit score.
New Horizons never charges any fees to customers. We’re a credit broker, not a lender, which means we do the searching so you don’t have to. If matched, you see your loan options in minutes. If approved by a lender, funds can be in your account within 15 minutes.*
Past credit problems? That doesn’t have to hold you back. We work with lenders who consider a wide range of credit histories, from good credit to loans for bad credit. One short application is all it takes to search our full panel.
How a £300 Loan Works at New Horizons
Applying for a 300 pound loan through New Horizons is straightforward. The entire process is designed to be quick, transparent, and completely within your control. Here’s how it works:
- Complete our short online form with your personal and financial details
- We run a Soft Credit Match across our panel of over 50 FCA-authorised lenders
- If matched, you see your loan options in minutes, with no impact on your credit score
- Choose the offer that works for you, or walk away with no obligation
- If you accept an offer, the lender completes a full affordability check
- If approved by the lender, funds can be in your account within 15 minutes*
The application takes around three minutes and is available 24 hours a day, 7 days a week. You can apply from your phone, tablet, or computer whenever it suits you.
Our Soft Credit Match technology is one of the things that sets New Horizons apart. Unlike applying directly to a single lender, your initial search with us uses a soft search that’s invisible to other lenders. Only you can see it on your credit report. A hard credit check only happens if you choose to accept a loan offer and the lender proceeds with a full application.
This two-stage process means you can check your eligibility for a borrow money option without any risk to your credit score. If you don’t like what you see, simply walk away.
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What Could a £300 Loan Be Used For?
A 300 loan is a relatively small amount, but it can make a real difference when money is tight. People search for £300 loans for all sorts of reasons, and there’s no judgement from us about why you need one.
Common reasons people look for a £300 loan include:
- Emergency car repairs or MOT costs to stay on the road
- Unexpected vet bills for a pet that needs treatment
- Replacing a broken household appliance like a washing machine or fridge
- Covering a shortfall between paydays when bills overlap
- A last-minute travel expense or essential purchase
- Minor home repairs that can’t wait, like a leaking pipe or broken boiler
Borrowing only what you need is always a sensible approach. If £300 covers the cost, there’s no reason to borrow more. That said, if you need a slightly different amount, we also offer £200 loans and £500 loans through the same quick application process.
Can I Get a £300 Loan with Bad Credit?
Yes, you can apply for a £300 loan with bad credit through New Horizons. Past credit problems don’t define your future, and we work with lenders who look at your current financial situation rather than focusing solely on your credit history.
Whether you’ve had a default, a CCJ, missed payments, or simply have a thin credit file, our panel includes lenders who specialise in considering applications from people across the credit spectrum. We work with lenders who consider a range of credit histories, so a low credit score won’t automatically disqualify you.
Many of our competitors are single direct lenders with one set of criteria. If you don’t fit their profile, you’re turned away. As a broker searching over 50 lenders, we cast a much wider net. Your application is matched against multiple lenders’ criteria simultaneously, increasing the chance of finding a suitable option.
If you’re working on rebuilding your credit, our guide on how to fix a bad credit score fast has practical tips you can start using straight away. And if you’ve been turned down elsewhere, take a look at our advice on how to get a loan accepted.
Eligibility Requirements for a £300 Loan
To apply for a 300 pound loan through New Horizons, you’ll need to meet some basic requirements. These are standard across most UK lenders and help ensure responsible lending.
You’ll need to:
- Be at least 18 years old
- Be a UK resident
- Have a regular source of income
- Have a UK bank account in your name
- Provide accurate personal and financial information
You don’t need a perfect credit score to apply. Our lender panel includes specialists who consider applications from people with all types of credit history. The individual lender will assess your affordability based on your income, outgoings, and current financial commitments.
If you’re currently receiving benefits, you may still be eligible. Visit our loans for people on benefits page for more details on how benefit income is treated by lenders.
Understanding the Costs of a £300 Loan
Transparency about costs is something we take seriously at New Horizons. Before you borrow, it’s important to understand exactly what you’ll repay so there are no surprises.
Our representative APR is 49.9%, which is significantly lower than many competitors in this space. Some direct lenders charge representative APRs of 667% or even 835% for similar loan amounts. Because we search over 50 lenders, you could access rates that are far more competitive than going directly to a single high-cost lender.
Here’s how costs work:
- Interest rates range from 9.3% APR to a maximum of 1721% APR, depending on your individual circumstances
- The rate you’re offered depends on factors like your credit history, income, and the lender’s own criteria
- Repayment terms range from 3 to 36 months, so you can choose a schedule that fits your budget
- New Horizons never charges you any fees for using our service
Representative example: Amount of credit: £1,200 for 18 months at £95.44 per month. Total amount repayable: £1,717.83. Interest: £517.83. Interest rate: 49% pa (fixed). Representative 49.9% APR.
A shorter repayment term means you’ll pay less interest overall but your monthly payments will be higher. A longer term spreads the cost but increases the total amount you repay. It’s worth using the lender’s repayment information to work out which option is most comfortable for your budget before you commit.
Why Choose New Horizons for Your £300 Loan
There are plenty of places to look for a £300 loan online, so why search through New Horizons? The answer comes down to choice, cost, and commitment to doing right by our customers.
We search over 50 FCA-authorised lenders with one application, saving you the time and credit score impact of applying to multiple lenders individually. Here’s what makes us different:
- Soft Credit Match technology that won’t affect your credit score
- Representative 49.9% APR, significantly lower than many direct lenders
- No fees, ever. Our service is completely free to you
- Established in 2017 with a Feefo Gold Trusted Service rating
- 24/7 availability so you can apply whenever you need to
- Processing over 7,510 loan applications daily
We also stand behind our Customer Promise, which we call The Three Nevers:
- We never sell your data
- We never contact you to sell other products
- We never give consent to others to contact you
In an industry where data selling and aggressive marketing have been widespread problems, our Customer Promise is a genuine commitment to respecting your privacy. We were built after the worst practices of the loans industry became widely condemned, which means ethical practice is in our DNA.
If you need funds urgently, our same day loans page explains how quickly you could access money through our service. For smaller emergencies, we also offer £100 loans so you only borrow what you need.
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Alternatives to a £300 Loan
A loan isn’t always the right answer, and we’d rather you made an informed decision than borrow when it’s not in your best interest. Before committing to a 300 loan, it’s worth considering whether other options might work for you.
- Check if you have savings or an emergency fund you could use instead
- Ask a family member or friend if they could help with a short-term loan
- Contact the company you owe money to and ask about a payment plan or extension
- Check with your employer about a salary advance
- Look into credit union loans, which often offer lower rates for members
If you’re struggling with multiple debts, it may be worth speaking to a free debt advice service before taking on any new borrowing. MoneyHelper offers free, impartial guidance. You can also contact StepChange or Citizens Advice for support.
If you’ve considered the alternatives and a £300 loan is the right option for your situation, New Horizons is here to help you find the best match from our panel of 50+ lenders.
£300 Loan for Emergencies: How Quickly Can You Get the Money?
When you need money fast, speed matters. New Horizons is built for situations where time is short and you need answers quickly.
Our system returns results in minutes after you complete the short application form. If approved by a lender, funds can be in your account within 15 minutes.* The application itself takes around three minutes, and our service is available 24/7, including weekends and bank holidays.
The asterisk is important though: the 15-minute funding applies once a lender has approved your application. The time it takes for the money to actually appear in your bank account depends on your bank’s own processing times. Most banks process faster payments almost instantly, but some may take longer.
If speed is your top priority, you might also want to explore our quick loans or emergency loans pages for more information on fast funding options.
Responsible Borrowing: What to Consider Before You Apply
At New Horizons, we believe in helping you make the right decision, even if that decision is not to borrow. Before applying for a £300 loan, take a moment to consider these points:
- Can you comfortably afford the monthly repayments alongside your existing bills and commitments?
- Have you checked whether a smaller amount might cover what you need?
- Is this a one-off expense, or are you borrowing regularly to cover ongoing shortfalls?
- Have you explored all the free alternatives first?
A loan should help solve a specific problem, not create a new one. If you’re finding that you regularly need to borrow to make ends meet, speaking to a free debt advice service could help you find a longer-term solution.
Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk.
Frequently Asked Questions About £300 Loans
How much does a £300 loan cost to repay?
The total cost depends on the interest rate you’re offered and the repayment term you choose. At New Horizons, our representative APR is 49.9%, which is considerably lower than many competitors. The exact rate will depend on your individual circumstances, with rates ranging from 9.3% APR to a maximum of 1721% APR across our lender panel.
Will applying for a £300 loan affect my credit score?
No. Your initial eligibility check with New Horizons uses a soft search that won’t affect your credit score. Only you can see it on your credit report, and other lenders won’t know you’ve searched. A hard credit check only happens if you choose to accept a loan offer and the lender processes your full application.
Can I get a £300 loan with no credit check?
No legitimate UK lender can offer a loan with absolutely no credit check. All FCA-authorised lenders are required to carry out some form of creditworthiness assessment. However, New Horizons uses a soft search for the initial matching process, which doesn’t leave any footprint on your credit file. If you’d like to understand more about this, visit our no credit check loans page.
How quickly can I receive my £300 loan?
If approved by a lender, funds can be sent within 15 minutes. The time it takes for the money to appear in your account depends on your bank’s processing policies. Our application takes around three minutes, and our system returns results in minutes after submission.
Do I need a guarantor for a £300 loan?
No. Loans through New Horizons don’t require a guarantor. You apply as an individual, and the lender assesses your application based on your own financial circumstances. For more information, see our no guarantor loans page.
What repayment terms are available for a £300 loan?
You can repay a £300 loan over 3 to 36 months, depending on the lender you’re matched with. A shorter term means less interest overall but higher monthly payments. A longer term spreads the cost but you’ll pay more in total. Choose the option that fits comfortably within your budget.
Is New Horizons a lender?
No. New Horizons is a credit broker, not a lender. We search over 50 FCA-authorised lenders to help find the best match for your circumstances. New Horizons Finance Ltd (Company No. 11757330, FCA reference: 834535) is an Appointed Representative of Flux Funding Limited (FRN 806333).
Can I repay my £300 loan early?
Most lenders allow early repayment, and doing so could reduce the total interest you pay. The specific terms around early repayment will be set out in your loan agreement with the lender. Always check the details before signing.
What happens if I can’t make a repayment?
If you’re struggling to make a repayment, contact your lender as soon as possible. Most lenders would rather work with you to find a solution than escalate the situation. Ignoring the problem can lead to late payment fees, additional interest, and a negative impact on your credit record. Free help is available from MoneyHelper and StepChange.
Can I borrow more or less than £300?
Through New Horizons, you can apply for loans from £50 to £5,000. If you only need a smaller amount, consider a £200 loan. If you need a bit more, a £500 loan or £1,000 loan might be more appropriate. Always borrow only what you need.
Does New Horizons charge fees?
No. New Horizons does not charge customers a fee for using its services. Our service is completely free to you. We’re paid by lenders through commission when a loan is successfully arranged, so you’ll never pay us a penny.
What do I need to apply for a £300 loan?
You’ll need to be at least 18, a UK resident, and have a regular income and a UK bank account. The online form asks for basic personal and financial details, and the whole process takes around three minutes. You can check your eligibility at any time since our service is available 24/7.
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