With a payday money loan you can usually borrow up to about £800 depending on your particular circumstances and your lender. Everyone has a different set or circumstances, some people are employed others are not. Some employed people earn over a thousand pounds a month whilst others earn much less. Details such as this will affect the amount of money that you can borrow.
If you want to be able to borrow 500 pounds for example then you will firstly need to be in regular employment. You will also need to be earning more than £500 that is being paid into your bank account every month. As a general rule you will realistically need to be earning more than 500 pounds for a lender to consider lending you this much. This is because your lender need to be sure that on the date of your loan repayment you will have the money in your bank account to cover the cost of the loan and the repayment of the loan. So if you earn less than you want to borrow you will not be able to get a payday money loan.
You may expect to be limited to the amount of money that you can borrow from a payday loans provider. Most lenders will cap the amount a first time borrower can borrow from a lender if it is their first loan that they have taken out with them. This is usually a precaution on the loan companies part as they want to ensure that you will be able to repay the money that they lend you. If you have had a loan from them before that you have repaid then they have an established record with you and so will trust lending you a greater amount the next time you take out a loan.
So if you want to be able to get a payday loan for £500 then you need to ensure that you have a monthly income much greater than this amount. Some lenders do have a minimum earning requirement which can be as much as a thousand pounds. If you are applying for a loan online you should always carefully check the lenders loan application requirements before proceeding.