If you’re a little short on cash this month, and you’ve already asked friends and family for help, a short-term 200 pound loan could be your answer. Quick to secure and easy to apply for - even if you’ve got bad credit, you can apply for a short-term loan.
But how can you get your hands on the cash? It’s simple. You can either go direct to your chosen lender and apply through their site. Or, you can use a free brokerage service like us. We help consumers, just like you, get their hands on the best short-term 200 pound loan deals on the market by comparing providers and matching you with the best one.
Top Tip: You should always exhaust other funding options before taking out a short-term loan - they can be expensive, and some consumers struggle to pay them back. Instead, try asking friends or family members for cash, or consider selling some of your old items. Read our blog for inspiration on how to make cash fast.
A 200 pound loan is a short-term loan for £200. They exist to help you in emergency situations. You borrow the money from a lender and you pay back that lender the £200 plus interest. Borrowers can pay the loan off as one lump sum or in instalments over the next few months.
You should only use a £200 loan for emergency purposes and as a last resort. What’s classed as an ‘emergency’? - Let’s say you’ve had an unexpected bill come through your door or your washing machine floods and you need cash quickly; these situations would be classed as unexpected or emergencies. Do not use your short-term loan for unnecessary purposes such as leisure, including shopping, drinks, meals out, etc.
Please think carefully before borrowing money, it’s not a decision you should take lightly. Debt can follow you around for years and damage your credit score if you fail to pay the loan back on time. If you’re struggling with debt issues, we advise you to visit the money advice service for free, impartial debt advice.
Yes, maybe. We can’t say for definite, but if you meet the below criteria, you might be eligible to borrow £200 from a direct lender:
There are two ways you can get a 200 pound loan. You can either go directly to the lender’s website and apply there. Or, you can use a broker, like us. We’ll help you find the best £200 loan by comparing lenders for you. There’s no waiting around, either, we can give you an instant decision and suitably match you to one of our lenders within minutes.
Remember: ThisLender, and the lenders on our panel, are authorised and regulated by the Financial Conduct Authority (FCA).
No, you’re not guaranteed a 200 pound loan, regardless of where you apply. Whether you’ll get accepted will depend on your current circumstances and the lender’s specific criteria.
Yes, you can apply for a 200 pound loan if you have bad credit. We work with many lenders, some of which will consider people with a variety of credit histories. You could be considered for a bad credit loan or a guarantor loan.
Looking to improve or rebuild your credit score? This blog from Experian has some great tips.
No, you still need a credit check when applying for a short-term loan with any UK lender. Lenders need to see the information on your credit file so they can make a decision about whether to lend to you or not.
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.
How you’re expected to repay your 200 pound loan will be determined by the direct lender’s terms and conditions. The lender will require you to make regular repayments on the loan, whether that’s on your next payday or one week from when you receive your loan. You can also pay in monthly instalments over the next few months. Check with the lender’s repayment terms and conditions before signing.It’s a given, but remember, you need to have enough money in your bank account ready for
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Representative 97% APR (fixed)
Representative example: Borrow £1000 for 24 months at 24 equal instalments of £77.48. Total amount to repay £1,859.52. Interest £859.52. Annual interest rate 70% (fixed). APR rates range from 45.3% APR. to 1575% Max APR. Your APR rate will be based on your circumstances.
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