Being short of money can not only be extremely frustrating, it can also be really stressful - especially if you only need to borrow 100 pounds before payday. If you also have bad credit, you might feel that you have nowhere to turn.
Fortunately, some direct lenders understand your situation and are happy to lend you the £100 cash you need quickly.
If you don’t want to approach a direct lender yourself, you can use a broker, like us, to find a company that offers 100 pound, short-term loans. We have helped to arrange a number of 100 pound loans via direct lenders, so we are well placed to understand your needs.
Financial crises can crop up at any time, and when you don’t have the funds to hand, a 100 loan can help to tide you through. Life is full of curveballs, and from time to time you may get hit with an unexpected cost - such as your car breaking down, or a medical emergency - in this situation, a £100 short term loan could be the ideal solution.
Top Tip: Always think twice about taking on debt, as there may be better ways to raise the £100 you need. From asking friends or family to selling something you own, such as a computer game, there are many ways to make cash fast without getting a loan.
As the name suggests, a £100 loan is funding to the value of 100 pounds. Whilst it may seem self-explanatory, it’s important to properly understand how these loans work. A £100 loan is a small sum of money you borrow from a direct lender that you pay back with interest, over a short scheduled repayment period - usually in one lump sum or in monthly installments.
These 100 loans are usually obtained quickly and are designed to cover unexpected financial emergencies to tide you over until your next pay date.
You should only use a £100 loan for emergency purposes, and only after you have exhausted all other sources of funding such as friends and family. The decision to borrow money should always be taken seriously after substantial consideration.
With that being said, if you are really struggling to see the month through, there are a number of ways you can use a 100 loan. You can use it for anything from paying a bill to repairing your car. You should not use it for going on nights out, topping up your wages or any other non-essential purposes.
You must think carefully about borrowing any money, though. If you’re struggling with money issues, we strongly advise you to visit the MoneyHelper for help and advice.
All 100 loan providers have borrowing criteria that you must meet in order to be able to qualify. So, yes, you might be eligible to borrow £100 if you meet the following criteria for a direct lender:
When you apply through ThisLender, the application process is simple, taking only a few minutes. After the first stage, lenders will want to find out more about you before making any lending decisions. If you’re looking to apply for a 100 loan, you’ll need to be able to provide:
In certain situations, 100 pound loans offer a number of benefits for consumers. Though this type of finance should never be used as a regular way of getting money, they provide a helpful way of obtaining short-term cash when you need it most. Some of the main benefits of 100 loans include:
Many people choose to get a £100 loan directly from a lender. 100 pound loans from direct lenders are just one way of applying. You can either apply directly with a lender, or use a broker like us to help you find a £100 loan. We work with a panel of reputable lenders offering 100 loans in the UK.
Remember: ThisLender, and the lenders on our panel, are authorised and regulated by the Financial Conduct Authority (FCA).
In short, no. 100% guaranteed loans are never 100%. Even if you apply, you’re not guaranteed that you’ll get a £100 pound loan. Your acceptance will depend on your current circumstances.
It’s important for lenders to lend 100 loans responsibly, because of this, your personal situation will be considered during the application process before any decision is made.
Yes, you can apply for a £100 loan with bad credit. Many people believe that because they have bad credit they won’t be eligible for a 100 pound loan. However, this is simply not the case. Our lenders will consider individuals with all types of credit histories and offer bad credit loan options such as a guarantor loan.
Remember that your credit score forms just one part of the process, there will also be affordability checks like income and expenses to ensure you will be able to meet repayments. However, you should always look at ways of how to improve and rebuild your credit score to increase your chances of borrowing before you apply.
No, it’s not possible to get a £100 loan with no credit checks with a direct lender in the UK. Lenders are required to see the information on your credit file to decide whether to lend to you or not.
Please approach lenders offering £100 loan no credit checks with caution. In order to lend responsibly, all lenders should be conducting credit checks as part of their due diligence.
Remember: ThisLender will not perform a credit check; lenders will complete a soft search during the application process. If you accept a lender’s loan offer, they will perform a hard credit search.
After receiving 100 loan approval, you will need to make regular repayments on your £100 loan - this could be on your payday or scheduled in 7 days (1 week) or monthly instalments as set out directly by the lender.
It’s essential to have enough money in your bank account in time for the 100 loan repayments to be taken.
Prior to accepting the agreement, you will be provided with full documentation detailing the repayment terms and conditions of your 100 pound loan. At this point, take time to carefully consider the repayment period, dates and instalment amounts to ensure that you are comfortable with them.
If you decide that £100 isn’t going to be enough to cover your financial emergency, don’t worry. We have a wide range of loans available, and can help to arrange up to £5,000† in funding.
There are a number of reasons why applying through ThisLender for a 100 loan is a smart choice. When it comes to borrowing money, it's vital to choose a lender that you can trust.
Though £100 loan direct lender options are available, at ThisLender we are able to tap into a pool of trusted lenders who are regulated by the Financial Conduct Authority (FCA).
This means that when you apply through us, you can relax knowing that we only search reputable 100 loan providers.
Here at ThisLender, two of our core values are transparency and trust. As such, we aim to provide a safe and secure space for people borrowing money online.
The best part? Applying through ThisLender is 100% free. Which means that you can receive a 100 loan quote that is no obligation and completely free of charge.
Get your free £100 loan quote today
Access from £50 to £5,000†APPLY NOW
Representative 49.9% APR
Representative example: Amount of credit: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28 Interest: £428.28. Interest rate: 49.9% pa (variable). 49.9% APR Representative. Rates from 45.3% APR to 1721% APR - your no-obligation quote and APR will be based on your personal circumstances. The minimum repayment period for any loan will be 90 days from the date the loan is issued. The maximum repayment period is 3 years.
We are a credit broker, not a lender.
Types of Loans & Credit