£200 Loans

If an unexpected bill lands on your doormat, a £200 loan could be just what you need to help cover the cost if other options, such as savings, aren’t available.

Looking to borrow £200? Little Loans is a credit broker, and we could help you search for a £200 loan with a repayment term of either 3, 6, or 12 months.

£200 loans: how do they work?

If you’re approved to borrow a £200 loan, you can expect it to work a little like this:

1. The lender sends the money to your bank account.
2. Once the money is available, you can use it to pay for your emergency expense.
3. You’ll repay your £200 loan in monthly instalments, including interest, across your repayment term.

You’ll need to make your £200 loan repayments in full and on time each month.

What could I use a £200 loan for?

A £200 loan could be a suitable solution to a financial emergency, such as:

• Veterinary bills
• Non-cosmetic dental costs
• Car repairs
• A replacement household appliance (for example, a washing machine)

It’s important to use credit responsibly. You should never apply to borrow money that you don’t need or cannot afford to repay.

Can I apply for a £200 loan with bad credit?

A history of bad credit doesn’t automatically mean that you can’t be considered for a loan.
There are several direct lenders in the UK, including a number of those on the Little Loans panel, who specialise in loans for people with bad credit.
While you could get a £200 bad credit loan, please be aware that you could be offered a higher rate of interest, which will increase the overall cost of the loan.

£200 loans online: can I search with Little Loans?

You can search for a £200 loan with Little Loans if you:

• Are over the age of 18;
• Are a UK resident;
• Have a UK bank account and a valid debit card; and
• Have a regular source of income paid into your bank account.

Search for a £200 loan online

The Little Loans credit broking service is available 24 hours a day, 7 days a week.* Our online form should take no longer than 5 minutes to complete. We’ve outlined the Little Loans journey below.

• Once your application has been sent, Little Loans will run a soft search with no impact to your credit score and scan our large panel of lenders for a £200 loan.**


• If you’ve been matched with a loan, you’ll be redirected to the lender’s website, where you can find out more about the loan and decide whether you’d like to make a full application. If you’re happy to go ahead, the lender will complete a creditworthiness assessment.


• If you pass the creditworthiness assessment, the lender will make a formal offer and let you know when the money will be sent to your bank account.

I need £200 now; how quickly could my loan be sent?

If approved, some of the lenders on the Little Loans panel could send your money the same day.
Please be aware that payout timescales vary between lenders, and the time it takes for the money to become available in your account will depend on your bank’s policies and procedures.

£200 guaranteed loan

Guaranteed loans do not exist. No loan application can be guaranteed, even if you have an excellent credit history. Whether you’re approved for a loan will depend on the result of the lender’s creditworthiness assessment, which must be carried out in line with guidelines set by the Financial Conduct Authority (FCA).

Any company or individual advertising ‘guaranteed £200 loans’ or ‘no credit check £200 loans’ is highly unlikely to be working in line with FCA requirements and sharing your personal and financial information with them could put you at risk. If something were to go wrong, you would not be protected.

You can check to see whether a company appears on the FCA register using the free FCA Firm Checker tool.

What happens if I can’t afford to pay my loan?

A late or missed repayment will hurt your credit score, and you may be charged a fee by your lender.
It’s important to let your lender know as soon as you think you might struggle to make an upcoming repayment. They will be keen to work with you to put a plan in place moving forward. While every lender is different, this could include temporarily reduced repayments or a repayment holiday.

Free financial advice in the UK

You can access free, impartial, confidential advice in the UK through various charities and organisations, including StepChange, MoneyHelper, Citizens Advice and National Debtline.

*If you search for and are matched with a loan outside of office hours, at the weekend, or on a bank holiday, your application may not be processed until the next working day.

**Little Loans uses soft search technology, which will not harm your credit score. If a search by Little Loans reveals that you’ve been matched with a lender, you’ll be redirected to their website. If you choose to make a full application for the loan, the lender will carry out a creditworthiness assessment, which will include a hard search or an Open Banking check. A hard search will be visible on your credit file for up to 12 months, and multiple hard searches in a short period of time will damage your credit score.