£100 Loans – Apply to Borrow 100 Pounds Today
Do you need a £100 loan to cover a financial emergency or unexpected bill but are worried about a poor credit rating?
Depending on your circumstances, you may be able to apply to borrow £100 over 3, 6, or 12 months. Using Little Loans’ credit broker service, we could find the right lender for your circumstances to help you when the unexpected happens.
Can I apply for a £100 payday loan with Little Loans?
Little Loans is a credit broker, not a lender. We work with a panel of lenders and specialise in matching applicants with the right loan product to suit their circumstances.
We don’t search for payday loans, but what we think is a helpful alternative. Our partners offer short term loans that range from £100 to £10,000, with repayment terms from 3 months up to 60 months (five years), depending on the amount you borrow. All the direct lenders on our panel are authorised and regulated by the Financial Conduct Authority (FCA).
Can I borrow £100 with bad credit?
You may be able to get a £100 loan even with bad or poor credit. We have a panel of direct lenders, some of whom specialise in working with borrowers who have less-than-perfect credit history.
Although your credit score is still important, bad credit lenders are also interested in how you're doing right now financially. We know that everyone’s financial situation can change; jobs can end, and income can go up and come back down again. You may have missed a payment in the past, but if your present financial situation means you can make loan repayments comfortably, bad credit lenders will be willing to take that into consideration when making a decision about your application.
Can I get a £100 loan without a credit check?
No, it is not possible to get a loan in the UK without a credit check. No credit check loans are not available as they're not authorised or regulated by the Financial Conduct Authority. Any company offering a loan without a credit check is unlikely to be authorised or regulated; for your own peace of mind, you can check the FCA register here.
How do I apply?
The Little Loans application form is straightforward - you can apply online and find out within minutes whether your application has been matched with a lender.
You will be asked to share details of your:
- Income, such as where you work; how much you earn from employment or any benefits you receive; and the date of your next payday;
- Your outgoings, such as your rent or mortgage; your utilities; transport, and other essential costs;
- Your address history;
- Your contact details; and
- Your banking information, such as your current account number, sort code, and what type of debit card you have.
Little Loans only ask for your banking details in order to verify your identity. We will never use this information to take money from your account. We do not charge a fee for our service, and we will never ask you to send us payment of any kind.
We use soft search technology when searching for your lender. A soft search is not visible on your credit record to anyone but you, and it will not affect your credit score.
If your application is matched with a loan, you will be transferred to the lender’s website. There, you will be shown the full terms and conditions of your offer and be invited to make a full loan application which includes a hard credit check. A hard credit check will appear on your credit record, and will affect your credit score.
When making an online application with a lender, you'll need to answer all of their questions about your personal and financial circumstances as they are on the day you apply.
What’s the difference between a direct lender and a credit broker?
Applying direct to lenders
When you apply with a direct lender, you will only be able to see the loan products offered by that one lender. With every application you make, each lender will run a hard credit search; the more hard searches you have appearing on your credit file in a short space of time, the harder it may become to access the finance that you need.
Applying through a credit broker
If you apply for a loan using a credit broker such as Little Loans, your one application form will be shown to a panel of lenders at the same time. Using soft search technology, you can check your eligibility for a loan with multiple companies without this affecting your credit score.
If Little Loans is able to match you with a loan offer, you can then complete a full application on the lender’s website, which will involve a hard credit check before your loan can be approved.
Can I apply for a £100 loan today?
If your application for a £100 loan is successfully approved, the money can be sent to your account quickly, and you may be able to receive it on the same day your application is approved.
However, the time it takes for the money to be available in your bank account will depend on the speed your bank processes incoming transactions. This can vary and will take longer if you apply at weekends or on bank holidays.
Do I have to pay back the loan in full on my next payday?
No, you won’t have to pay back your loan in full on your next payday. When you apply for a £100 short term loan you have the option to repay the amount borrowed over 3, 6, or 12 months. If you apply for more than £100, you could have the choice to spread your repayments over a longer term, ranging from 3 to 60 months, depending on the amount you apply for.
How long do I have to pay back my loan?
When you take out a short-term loan you repay it in instalments - this is called the term of your loan. Little Loans search for £100 loans with repayment terms of 3, 6, or 12 months. The longer the term, the lower your monthly repayments are likely to be; however, you could end up paying more in interest overall.
What happens if I can’t pay back my loan?
Before you apply for a £100 loan you should carefully consider whether you can afford to make your monthly repayments on time without this affecting your other essential outgoings.
It's a good idea to choose the date you get paid as the repayment date for your loan instalments. That way the money will be available in your bank account and your lender can collect repayments in full when they become due. Some lenders may charge you a late payment fee if your instalment is not made on time.
If you're worried about money, looking for some advice about managing debt, or want to explore any extra help you may be entitled to, you might benefit from contacting one of the UK’s debt charities, such as StepChange or MoneyHelper. They offer free, confidential and impartial help on all aspects of money management and will work with you to help you get your finances back on track.
Representative example: Amount of credit: £1000 for 12 months at £123.40 per month. Total amount repayable of £1,480.77 Interest: £480.77. Interest rate: 79.5% pa (fixed). 79.5% APR Representative. We’re a fully regulated and authorised credit broker and not a lender