Top $500 Personal Loans
Compare all $500 personal loan offers from our top lending partners. Or take less than 60 seconds to see personalized loan options without impacting your credit score.
I didn’t realize how much interest I would save by using a low-interest-rate personal loan rather than my credit card. Thanks!
– Sarah L.
Explore $500 Loan Options for Various Credit Profiles
Obtaining a $500 personal loan can be a struggle when you have poor credit. However, it’s not impossible to get a $500 loan with a bad credit score. We work with numerous lenders who strive to help more people obtain low-cost financing when they need it. Some of our lending partners also offer personal loans to couples with low credit scores.
Receiving quick approval for a $500 personal loan is easiest when you have a good credit score. Individuals with minimal debt, a stable income, and stellar credit have the greatest chance of receiving a loan quickly, although it’s not guaranteed.
People with excellent credit scores will have the most options to choose from and are far more likely to receive instant approval on a $500 personal loan. These borrowers will also receive the best terms and the lowest interest rate.
Obtain a $500 loan fast when you apply online.
Reputable lenders that work with all types of credit to provide five-hundred-dollar personal loans.
Compare Rates From Top Lending Partners
How we choose our Editor’s Choice: Our independent editorial review evaluates lenders across several factors that matter to typical borrowers, including interest rate ranges, fees, loan terms, customer reviews, and credit score requirements. When designated, our Editor’s Choice represents the editor’s best overall pick across the site based on this review; individual rates, terms, and approval outcomes may vary depending on each borrower’s situation.
Using our platform to find personal loans for home improvement projects or other purposes is a safe way to evaluate loan options and connect with providers. We protect our website with SSL, which encrypts your browser connection to help prevent unauthorized access to your information.
When you only go to your local bank or credit union to seek a personal loan, you will severely limit the number of products you see. Use our website to compare multiple personal loan options from top online lenders and get matched with the best lending partners meeting your criteria.
We don’t verify your finances when using our website and financial-matching technology. Instead, our tools help you analyze the best personal loan offers based on the information you provide us. When you leave our site to get prequalified, our partners will usually perform a soft credit inquiry and then verify your full credit report using a hard pull after you officially apply for a loan.
APRfinder has served individuals and businesses for over a decade and responds promptly to support requests. We also don’t sell your information to other companies. Instead, we provide resources and tools to help you make smarter borrowing decisions. We only make a commission when you click through a partner link and take an action such as applying for or receiving a loan.
Answers to Your Personal Loan Questions
What is an unsecured personal loan?
An unsecured personal loan is money borrowed from a bank, credit union, or another lender, not secured by property such as a home or vehicle. All funds are issued at once and paid back over time with set monthly payments. Most of our lending partners provide access to unsecured personal loans. However, some lenders may present you with a personal loan that requires collateral.
What can I use a personal loan for?
You can use personal loans to finance a wide range of individual, family, household, and business purposes. That could include paying for small and large home improvement projects, paying off credit cards and bills, consolidating debt, covering educational expenses, financing a vacation, medical expenses, moving, buying a car, a wedding, or other costs.
However, some lenders may not permit you to use the funds for purchasing real estate, paying business expenses, making investments, or other non-traditional uses. Be sure to check with the lender before submitting your completed application.
How much money can I borrow?
Most lenders in our network provide personal loans from $1,000 to $50,000. However, you may be able to find a company willing to lend you as low as $100 and up to $75,000 or more.
Do personal loans have a fixed or variable interest rate?
The majority of personal loans offered through our network of providers come with a fixed interest rate and monthly payments.
How long does it take to receive funds?
Many lenders will require you to have a bank account available for them to deposit your funds. Once you have accepted your final loan offer, you may receive funds in a checking or savings account the same day.
Once the loan is final, you will typically receive the money in your account on the next business day. However, some credit unions and banks can take up to three days to process funding into your account. Otherwise, receiving a check could take up to a week.
How long do I have to pay back my loan?
Personal loans from our partners typically need to be repaid within one to seven years. You can select an offer from the available loan options and request terms that best fit your needs, but each lender may require specific repayment terms to get you approved.
Will checking my rate affect my credit score?
Most initial rate checks will only perform a soft credit inquiry and won’t impact your credit score. However, if you accept your rate and proceed with a formal application, the company will eventually make a hard credit inquiry to verify your information and finalize the loan. We do not check your credit when matching you with lenders on our site.
Where can I get a loan for 500 dollars?
The quickest and cheapest way to obtain a $500 loan is to ask a friend, family member, or colleague to lend you the money. If that doesn’t work, you could ask your employer for a paycheck advance or take out a 401(k) or 403(b) loan if you have one of those retirement accounts.
If you have a credit card with 500 dollars in available credit, you should be able to take out a cash advance. However, the total costs of a credit card cash advance can be significant. You could also take out a $500 payday or other short-term loan, if legal in your state. Those can be very expensive, too, but provide quick access to cash in an emergency.
If you own valuables such as jewelry, tools, electronics, collectibles, or other items, you can get a $500 pawnshop loan. Pawn shop loans allow you to exchange your item of value for a short-term loan. Similarly, you could get a car title loan for $500 or more if you own your vehicle outright. Car title loans allow you to use your car as collateral to borrow money.
Lastly, our site can connect you with lending partners offering $500 loans online. If you have good credit, a $500 personal loan could be your answer, but most personal loan lenders require a minimum of $1,000. Providers willing to lend $500 might charge higher interest rates and fees on such a small loan amount to ensure it is worthwhile for them.
When seeking a five-hundred-dollar loan through our website, you may find companies offering short-term installment loans, payday loans, payday loan alternatives, lines of credit, and traditional personal loans that you can pay back over several years.
Alternatively, you can try your local bank or credit union to see what 500-dollar borrowing options are available to you.
What are the minimum monthly payments on a $500 loan?
The amount you have to repay each month on a $500 loan depends on numerous factors, including the type of loan you are applying for, your income, and your credit situation. Most 500-dollar personal loans will need to be paid in full shortly thereafter, or in a few large payments within a couple of weeks to a few months.
Unfortunately, $500 personal loans often come with higher rates and fees than those with larger dollar amounts. Interest rates, origination, and other loan fees can also be set based on the borrower’s state of residence.
One random example is a company that provides borrowers with a $500 loan, which they must repay over 168 days in 12 bi-weekly payments of $104.65. These bi-weekly payments equal roughly $209.30 per month over six months, totaling $1,255.79 for a $500 installment loan.
Another example is a loan of $500 to be repaid by the borrower with a single payment of $627.40 on the borrower’s next payday (14-day term).
Can I get a 500-dollar loan with no job?
Yes, you can get a $500 loan with no job. However, you will need another source of income to obtain a $500 personal loan when you’re unemployed. Alternative income sources include most legal forms of regular income, such as retirement benefits, investment income, self-employment income, government benefits, family-related income, and other approved payments ordered by the government.
Do $500 loans with no credit check exist?
Yes, 500-dollar loans with no credit check exist. If you have bad credit and are having trouble obtaining a 500-dollar personal loan, your best options for securing a loan without a credit check will likely be short-term installment loans, payday loans, pawn loans, and title loans.
Can I get a $500 loan with no credit score?
Yes, you can get a $500 loan with no credit score. Some personal loan lenders will provide financing to individuals without an established credit history if they have a regular source of income. However, you will likely pay high interest rates and fees for a $500 personal loan when you have no credit score.
How can I get a 500-dollar loan with bad credit?
Obtaining a 500-dollar personal loan with bad credit can be tough, but it’s not impossible. Look for companies that offer short-term installment loans and those that market themselves as alternatives to payday loans. You can usually expect to pay high interest rates and fees on a $500 loan, especially when your credit is bad.
Where can I get a $500 loan with good credit?
Several of our lending partners help individuals obtain personal loans of $500 or less. Most lenders offering $500 personal loans will lend to you when you have good credit. However, most lenders providing personal loans for less than $1,000 tend to charge higher interest rates and fees for such a low amount.
When you have good credit, it might be better to go with a higher loan amount through a company that offers longer-term personal loans. However, several cost factors must be considered, including prepayment penalties, interest rates, origination fees, and other associated fees.
That’s the beauty of having good credit, though—you’ll have more options than someone with poor credit and can shop around for the best loan products for your needs.
Will a $500 loan hurt my excellent credit?
A $500 personal loan won’t hurt your credit unless you don’t repay it on time every month. However, that doesn’t mean your credit won’t change after taking out the loan. Your credit score may initially increase or decrease, depending on factors such as the loan amount, your overall credit history, and existing debt.
In the long run, a history of on-time personal loan payments should help improve your credit score.
What People Are Saying!
There were more loans to choose from than I was expecting. Who knew obtaining home remodel financing could be so easy!
– Ann S.
I didn’t realize how much interest I would save by using a low-interest-rate personal loan rather than my credit card. Thanks!
– Sarah L.
Connecting with a home improvement personal loan lender through APR finder is as easy as 1-2-3!
– Mike M.
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