What are £100 loans UK?
£100 loans UK are small, short-term loans that are offered by direct lenders in the United Kingdom. These loans are designed to provide individuals with quick access to small amounts of cash, going up to £5,000, that can be used to cover unexpected expenses or emergencies.
The repayment period for these loans is usually very short, typically ranging from a few days to a few months. Some lenders may also require that the loan be repaid in a single lump sum payment, while others may offer the option to repay the loan in installments.
FAQs on fast £100 pound loans
Here are three frequently asked questions about fast UK Loans:
How can I apply for a £100 loan in the UK?
You can apply for a £100 loan in the UK by filling out our online application form. We will ask you to provide personal and financial information, such as your name, address, income, and bank account details.
What are the eligibility criteria for a £100 loan direct in the UK?
Eligibility criteria may vary depending on the £100 loan direct lender, but when you apply with My Quick Loan, you must be a UK resident, over 18 years of age, and have a regular source of income to be eligible for a £100 loan. You may also need to have a valid UK bank account and be able to pass a credit check.
Do you offer a £100 loan for Bad credit with no credit check?
We can offer £100 loans with bad credit, but unfortunately, we can’t offer any no credit check loans. No direct lender can offer a £100 loan without doing a credit check. We do work with a large panel of direct lenders, some of which specialise in bad credit. So this may increase your chances of getting accepted. For more information regarding payday loans bad credit click the link.
We also only carry out a soft search credit check when you apply through us.
How long does it take to receive the funds from a £100 loan in the UK?
The time it takes to receive the funds from a £100 loan in the UK does vary depending on the lender you get matched with. Usually, all our loans are paid out on the very same day.
How much will it cost me?
How much you pay back on your 100 pound payday loan will vary depending on the lender you are accepted by. However, when the FCA became the UK financial regulator, they put a cap on the amount of interest that all lenders can charge. This cap is £24 of interest for every £100 borrowed, so you will never pay back more than £124 when borrowing a quick 100 loan.
I am struggling to pay my loan back
If you are struggling to pay your loan back we advise you to seek debt help. Debt can creep up on us all. Make sure you only take loans for emergency situations. Try to avoid taking loans for non-essential items like holidays or clothes.
Why choose My Quick Loan for my £100 loan?
My Quick Loan has been operating for over 6 years and has become a trusted loan company with 5 star reviews. Our main aim is transparency. We also cover all the FAQs to help you get a better understanding before applying for a loan.
If you would like to proceed with a £100 loan you can do so by clicking apply here!
Get your free loan quote todayAccess from £100 to £5,000
Representative 79.5% APR
Warning: Late repayment of payday loans can cause you serious money problems. For help, go to moneyhelper.org.uk.