How Can I Get a £100 Loan?
You can apply for a £100 loan from a direct lender. At FastPaydayLoans, we connect you to the online lender that suits your needs. The application process is entirely online and only requires you to fill in a little information about yourself. The processing is usually fast, and you can receive the money on the same day you get approved.
The application form requires you to fill in your details and the amount you wish to borrow. If approved, the lender sends you a contract outlining the terms of your loan, including the interest rate charged. You only need to read through and digitally sign the agreement, and the lender submits the funds in the bank account you provide.
How much would you like?
Representative Example: Rates from 43.1% APR to 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £1,200 borrowed for up to 75 days. Total amount repayable is: £1506. Interest charged is 0.34% per day, amounting to £306, annual interest rate of 124% (variable). Representative APR: 49.7% (variable).
Should I Borrow a £100 Loan From a Direct Lender or a Broker?
The decision lies with an individual borrower, based on everyone's specific situation. However, it is good to note that the payday loans industry is complex, and you may need help navigating through it. Most brokers will provide advantages for you to borrow money from direct lenders without charging any fees. Here are some benefits of using FastPaydayLoans as your broker:
Before taking up a loan, you may research various lenders to get the best deals. You may spend hours on the internet or making calls seeking information. At FastPaydayLoans, we help you save time because we understand you are looking for quick and hassle-free cash. We match you with the best lenders and guarantee you the best deals.
Get the Best Possible Rates
Our work is to find you the suitable lender for your needs. We have a network of lenders from which we choose, and we ensure that you get the best deals in the market. Additionally, all our partner lenders are FCA regulated, providing you with peace of mind.
More Options Available
Because we partner with many direct lenders, we can help you find a solution to all financial needs –whether you want a long-term or short-term loan, whether you are interested in lower interest rates, or the amount you borrow. We can link you to lenders for every one of these needs.
|Why Trust FastPaydayLoans?|
|How much can I take out?||£100-£5000||No obligation quotes|
|Representative APR||49.7%(variable)||Competitive rates|
|Will bad credit be accepted?||Yes||Lenient requirements|
|What are the repayment periods?||1-36 months||Flexible loan term options|
|How can I apply?||Apply online||24/7 available|
Can I Borrow £100 If I Have Bad Credit?
Before applying for any loan with bad credit, it is good to understand that all lenders conduct a hard credit check. Nobody wants to risk approving money that the borrower won't pay back. Therefore, you should be wary of any company that tells you they don't conduct a hard credit check.
FastPaydayLoans works with over 100 lenders, and all the lenders are FCA regulated. Since different lenders have their own criteria for determining a poor credit score, we can help you get a lender that will approve £100 even if you have bad credit. All our lenders provide the required transparency during the whole process.
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Do I Have to Pay Back the £100 Loan on my Next Payday?
If you take out a £100 loan, you do not have to pay it back on your next payday. Therefore, you do not have to stress over the need to pay back the money within a couple of weeks. While you can decide to pay it on your next payday, it is not mandatory.
Other payment options exist, and you may find them beneficial. At FastPaydayLoans, we work with various lenders who provide different payment terms, and they can range from 3 to 36 months.
You may realize that the interest rates on the £100 loan are higher, and you may want to repay them as soon as possible. However, you can choose a repayment term that allows you to pay back the amount comfortably. Remember not to choose an unnecessarily long period that will see you pay too much money in interest rates.
What Can a Quick £100 Loan be Used for?
The lender does not dictate how you will use the £100 loan. You can use it however you want, but it is always good to ensure that you take a loan when you really need it. The quick £100 loan can come in handy in times of emergencies, especially when you do not have any funds. Therefore, you can use the quick £100 loan for:
- Settling an unexpected medical bill
- Conducting a repair or replacement at home. For instance, a faulty appliance, air conditioner, e.t.c
- When your car breaks down and needs servicing
Should You Apply for Several £100 Loans at the Same Time?
The temptation to borrow from more than one lender can happen, especially after being approved for one small loan. Although it is not illegal, it may come with serious consequences. If you are already in a situation that requires you to borrow £100, there is no need to borrow from many lenders. If you fail to repay, the debt gets sold to a collection agency and negatively affects your credit profile. Only borrow what you can repay comfortably.
What Are The Repayment Terms of Small £100 Loans?
FastPaydayLoans connects you with lenders who allow you to borrow £100 with repayment terms ranging from 3 to 36 months. It is always advisable to repay within the shortest period possible to save on interest.
Can I Get a £100 Loan If I Am Not Working
It's possible to take out a £100 loan if you are not working as long as you can show your lender that you have a means of repaying the money in full. Not everyone will be eligible, but it depends on the specific lender. Your credit score will also play an important role in determining whether or not your application will be approved and whether or not you get the best interest rate on the money you borrow. FastPaydayLoans partners with many lenders and will help you find the perfect lender for your needs.