£200 loan

Looking for a £200 loan? We can help you find over 50 lenders who will react quickly to your application. If you would like to borrow money and you don’t have the perfect credit rating or perhaps you don’t have a history at all then we can probably still help match you to credit. All depends on your current financial status and how you are doing financially just now. If the conditions are right you’ll be able to get a short term loan quickly.

How to find the best £200 loan with a direct lender?
Can I get a £200 loan with no credit check same day?
Will I be accepted for a quick £200 loan for bad credit?
Compare short term credit options

How to find the best £200 loan with a direct lender?

Finding the best payday loans from a direct lender will depend on several factors. The most important is your financial position and how the lenders perceive this. If you are doing well at the moment and your finances clearly show you can affordably repay a £200 loan then you are likely to be considered for one. All payday loans from direct lenders work this way. It’s impossible to know the best deal until you apply with us and then find the various results.

Can I get a £200 loan with no credit check same day?

You just can’t get a loan without a credit check. All lenders in the UK that are on the Financial Conduct Authority’s ‘Financial Services Register‘ are required to carry out a credit check prior to lending you the money. This is to ensure feasibility of the loan and ensures that you are treated fairly as a customer and that you do not receive an unaffordable loan. That said, even with bad credit you can receive a same day loan if you are honest and your current finances are much better than your record shows because of a couple of small blips in the past.

Will I be accepted for a quick £200 loan for bad credit?

You can still still get a loan with bad credit as long as you can clearly demonstrate repayments will not cause you any undue financial pressure. So long as you’re financially stable and meet the basic criteria then a loan is possible. Once you submit an application the lenders can look at it carefully. They will then make a decision based on your current finances.

Compare short term credit options

In some cases you can get a short term loan with bad credit. The most important part of your application is the right here and now. If you can show that you’re financially sound and that a loan will not cause you any financial problems then you can be looked at for a £200 loan. Here’s a table that shows the options available to you and the interest rates associated with them.

Comparing costs of borrowing

Borrow money – how much?

Same Day Loan -length?

Monthly APR example Representative 1266%

Loan total

Monthly repayment

Is this a bad credit loan?

£100 loan

3 months 23.5% £198.64 £33.11 Yes

£200 loan

3 months 23.5% £397.29 £66.23 Yes

£500 loan

3 months 23.5% £751.41 £250.47 Yes

£1000 loan

3 months 23.5% £1986.44 £331.07 Yes

What are my alternatives?

If you’re looking for quick cash and you can’t get a payday loan then you might consider going to the Credit Union. They offer good interest rates. Stepchange.org also have a nice write up on alternatives to payday loans. They give some really interesting ideas and suggestions such as cutting back your spending or selling unwanted items. They also suggest borrowing from friends or family is a good option too.

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