£100 Loan

You want a quick £100 loan? We can help connect you to a panel of lenders that make £100 loan decisions in 15 minutes on credit. Getting loans for small loans like a hundred pounds is actually quite difficult from a bank, as it is just not worth it to them.
Instead they will probably suggest an overdraft or using your credit card which is all well and good if you have access to those things, but if your credit score means that you don’t, we can help. By filling in our online application form you are allowing us to put those details where you need them- in the hands of direct lenders of payday loans.

The lenders will then look over your application and if they are satisfied that you are in a position to pay back the loan, they will make you an offer. Your past credit problems aren’t that big of an issue with a loan for a hundred pounds from a direct lender as long as you are currently not paying off other loans and can show your finances are in order at the present time. These payday loans can be dealt with swiftly and you could possibly have the cash you need on the same day.

Will I get a credit check on a 100 pound loan?
How will a bad credit score affect a £100 loan from a direct lender?
How fast can I get a £100 loan?
Where can I find the best deal on a £100 loan with no guarantor?

Will I get a credit check on a 100 pound loan?

Any loan application you send in will be subjected to a credit check as it is illegal to loan money without doing so.
The Financial Conduct Agency has strict guidelines about how lenders should go about their business, and they are required to act responsibly when lending. So you know your rights please take a look at the FCA responsible lending guidelines here. Having bad credit doesn’t necessarily mean that a credit check will disqualify you from attaining a loan. Lenders of short term loans often work with people with poor credit scores and are experts on judging whether or not you make a viable candidate but they cannot give you a loan without a credit check.

As we mentioned earlier, your current status is actually more important to a lot of direct lenders when it comes to emergency loans, so there is need to fear a credit check. Send us your details and we will have them in front of our panel of 50 lenders in quick time. If presently, your finances are in order you have a fair chance of being accepted, even with a checkered history.

How will a bad credit score affect a £100 loan from a direct lender?

Having a bad credit score will not stop you from getting a loan from a direct lender in the same way it would from a bank.
If you sign up with us, your application will be seen by a large number of independent lenders, each with their own opinions on who should prove eligible for their loans, and some of them are more than willing to lend money to people with bad credit.
That’s not to say that your credit score won’t be taken into account on a bad credit payday loan application.

Obviously the better your credit history and score, the lower interest you will pay due to the reduced risk taken by the lenders on loans for people with bad credit scores. Your application is probably going to be dealt with much faster too, in some rare cases instant loans are possible due to automatic decision making software now being used by some lenders. If you have a very bad credit history and your present situation isn’t good enough to balance it out, a lender might require you to take out a guarantor loan instead.

How fast can I get a £100 loan?

Applying for a quick loan online only takes a matter of minutes. You will have to prove that you are older than 18, have a bank account in your name, are a full time resident in the United Kingdom, and are either fully employed or have a stream of income that will allow you to make the repayments. Depending on a few factors such as the state of your credit history, present financial standing, and the lender’s own system, you could get your decision as quickly as 15 minutes on the lower end of the time scale, and certainly within 24 hours for most others.

After you check the details of the quote, and are happy with them, your agreement can mean the funds are forwarded to your bank account immediately. There’s a reason why this type of financing is sometimes referred to as fast loans.

Where can I find the best deal on a £100 loan with no guarantor?

To find the best deals on a £100 pound loan you have to apply to a lot of different lenders so you can compare the quotes they give you. Every lender thinks differently so you might be surprised at the disparity in some of the offers and you can sometimes get bad credit no guarantor loans – it depends how lenders see your circumstances. Just as one lender might reject your application but another accepts it, you may balk at a high interest rate of one lender and yet think another one’s terms are very reasonable. The truth is, without actually applying for a loan, you can never know who offers the best payday loan deals. To get help with contacting multiple top lenders, fill in our online application form.

What is the typical interest rate on a £100 loan from a direct lender short term?

As with most things when it comes to dealing with direct lenders and short term loans, there is a lot of variation from company to company and customer to customer. Because emergency loans are dealt with on a case by case basis, your own personal information that you provide will play a big part on the interest rates that lenders offer you. The better your credit situation, the lower the interest rate is going to be, and vice versa. Here’s a look at a couple of possibilities though based on different loan lengths:

Compare £100 loan interest

Total Amount

Length borrowed for

Monthly APR example Representative 1266%

Loan total

Monthly repayment

£100 loan

3 months 24% £152.17 £50.72

£100 loan

4 months 24% £167.37 £41.84

As you can see, longer loan term results in more interest. It’s always better to pay a loan off as quickly as you possibly can.
If you are looking for a bad credit no guarantor loan, you should expect to have to pay a high interest rate. To make things easier on your wallet, the best piece of advice I can give you is to pay back any payday loan as quickly as possible to limit the number of instalments and reduce the overall amount of interest that needs to be paid back. Stretching out the debt for larger sums is sometimes necessary, but for a £100 loan you should look to settle the debt in full in a single payment.