When you apply for a loan of any kind the lender will undergo a number of checks before making a decision on whether or not to lend you the money. This is to ensure you can comfortably afford the loan repayments and that lending to you won’t put you under increased financial strain. It’s for this reason that approval for a loan can never be guaranteed. The final decision is always the lenders and will be made in your best interests.
Can I get a 100 pound loan with bad credit?
There are a number of lenders that provide small loans of up to £500, and consider those with a poor credit history. If you are looking to borrow a small amount such as £100, before applying consider other methods of raising the cash such as selling unwanted items or asking friends or family if they can help you out. It will often work out much cheaper, and cost you less in the long run.
Can I get an instant £100 loan with no credit check?
No. When applying for a loan of any size lenders will have to ensure that lending to you is both a safe and responsible thing to do. They will do this by carrying out a number of checks, including a credit check.
What is chance of acceptance for £100 loan?
This depends solely on you, your current circumstances and history of managing credit. By using the Choose Wisely loan search you will be able to compare lenders that have accepted your application in principle without undergoing a hard credit check.
Which UK direct lenders offer loans for £100?
If you are looking to borrow £100 from a direct lender your options will most likely be limited to either a high cost short term loan or a credit line product, such as SafetyNet.
FAQs when applying for £100
If you complete a loan search on Choose Wisely, within seconds of submitting your application we will present you with a table of suitable lenders to compare. If you decide to continue an application with a direct lender you will then be subject to a full credit check. Decisioning times will vary from lender to lender, but a high number will provide a decision same day.
If you are approved for a loan, the lender will outline how much you need to repay and when. This will be dependent on the lender, the loan size and your personal circumstances.
You can’t complete an application by text but you may be contacted by the lender about your application via text message, email or phone.
Choose Wisely is a free to use price comparison site. If you are looking to apply for a loan of £100, start a Choose Wisely loan search by selecting your loan size and term, then clicking the get accepted button at the top of this page. You will then be asked for all the information we need to provide you with suitable loan options to compare.