£100 Loan
A £100 loan is a small, short-term borrowing option ideal for managing minor financial gaps, such as unexpected bills or urgent expenses. These loans are often used to bridge the gap until payday and typically come with quick approval and repayment options.
What Is a £100 Loan?
A £100 loan provides fast access to a small amount of money, often repaid within a few weeks or months. These loans are designed for short-term use and are repaid in instalments or a single lump sum, depending on the lender’s terms.
How Do £100 Loans Work?
- Application: Submit an online application with basic personal and financial details.
- Approval: Lenders assess affordability and may perform a soft or hard credit check.
- Funding: Upon approval, funds are typically transferred to your bank account on the same day.
- Repayment: Repay the loan in a single payment or through a short-term instalment plan, including interest.

Common Uses for a £100 Loan
Utility Bills
Cover overdue bills to avoid late fees or service interruptions.
Emergency Expenses
Pay for minor repairs, medical costs, or other urgent needs.
Short-Term Cash Flow
Bridge financial gaps until your next payday.
Small Purchases
Buy essentials or unexpected items when funds are low.
Benefits of a £100 Loan
Fast Approval and Funding
Most £100 loans are processed quickly, with same-day funding available from many lenders.
Fixed Repayments
Predictable repayment terms make it easy to budget.
Accessible for Poor Credit
Many lenders offer £100 loans to individuals with less-than-perfect credit, focusing on affordability.
Flexible Terms
Repayment options range from a single payment to instalments over a few months.
Things to Consider
Higher Interest Rates
Due to the short-term nature of these loans, interest rates can be high. Ensure you understand the total repayment cost before borrowing.
Repayment Responsibility
Missed payments can result in additional fees and negatively impact your credit score. Borrow only what you can afford to repay.
Who Can Apply for a £100 Loan?
- Individuals aged 18 or older with a UK bank account.
- Borrowers with regular income.
- People with varying credit histories, including those with poor credit.
Alternatives to a £100 Loan
If a £100 loan isn’t suitable, consider:
- Overdrafts: An authorised overdraft for short-term borrowing.
- Credit Union Loans: Community-based loans with fair terms and low interest rates.
- Payday Loans: For quick, lump-sum repayment after your next payday.
Frequently Asked Questions
Funds are often disbursed on the same day of approval, depending on the lender.
Yes, many lenders provide £100 loans to borrowers with poor credit, focusing on affordability rather than credit scores.
Repayment terms typically range from a single lump sum to instalments over 1 to 3 months.
Yes, all lenders offering £100 loans must be authorised by the Financial Conduct Authority (FCA), ensuring fair practices and borrower protection.