£100 Loans

Need just £100? You’re not over-borrowing. You’re being sensible. We work with lenders who understand that smaller loans serve a real purpose, helping you avoid taking on more debt than necessary whilst still covering urgent costs.

See if you match

Why choose Sunny:

• Soft credit check only – won’t affect your score
• No fees from Sunny
• Compare offers before you commit
• 15-minute funding if approved

Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

What Are £100 Loans?

A £100 loan is a small short-term loan designed to cover minor unexpected expenses without over-borrowing. Unlike traditional payday loans that typically require full repayment within 30 days, modern £100 loans offer flexible repayment terms from 3 to 36 months, letting you spread the cost in a way that suits your budget.

These loans fill an important gap. Banks rarely offer amounts this small, yet £100 can be exactly what you need for life’s smaller emergencies. A prescription charge, school uniform replacement, broken kettle, emergency taxi fare, or minor repair can all cost around £100. Taking out more than you need just adds unnecessary interest charges.

At Sunny, we’re a credit broker, not a direct lender. When you apply for a £100 loan with us, we search our network of FCA-authorised lenders to find matches for your circumstances. You see multiple options, compare terms, and choose what works best. If you need a slightly larger amount for a bigger expense, our £200 loans offer the next step up whilst still keeping borrowing minimal.

The key benefit of smaller loan amounts is lower total cost. Borrowing £100 over 6 months at our representative rate costs significantly less in total interest than borrowing £500, even at the same APR. You’re only paying interest on what you actually need.

How £100 Loans Work

Getting a £100 loan through Sunny follows a straightforward process designed to be quick whilst ensuring responsible lending:

Step 1: Apply online in minutes
Complete our simple application form with basic details about yourself and your income. The form takes around 2-3 minutes. We’ll ask for your name, address, employment details, and bank information. Everything’s encrypted and secure.

Step 2: We search our lender network
Once you submit your application, we instantly search our panel of FCA-authorised lenders to find those likely to approve your £100 loan. This happens in seconds, using a soft credit check that won’t affect your credit score. Only you can see this search on your credit file.

Step 3: Compare your matches
If we find suitable lenders, you’ll see your loan options. Each offer shows the monthly repayment amount, term length, APR, and total amount repayable. Take your time comparing. There’s no pressure and no obligation to accept any offer.

Step 4: Choose and complete your application
When you select an offer, you’ll complete the full application directly with that lender. They’ll perform a full credit check at this stage (which does appear on your credit file) and verify your affordability. This ensures you can manage the repayments comfortably.

Step 5: Receive your funds
Once approved and you’ve signed your loan agreement, most lenders transfer funds the same day. We process applications 24/7, and many customers receive money within 15 minutes of approval. The exact timing depends on your bank’s processing speed and the lender you’ve chosen.

Throughout this process, Sunny never charges you any fees. Not for applying, not for comparing offers, not for anything. We’re paid a commission by lenders when you take out a loan, so our service is completely free for you.

How Much Do £100 Loans Cost?

Understanding the true cost of a £100 loan helps you make informed decisions. At Sunny, we believe in complete transparency about costs, so here’s everything you need to know.

Representative 89% APR is our typical rate, though the rate you’re offered depends on your individual circumstances and the lender you’re matched with. Our lenders’ rates range from 9.3% to 1,721% APR. This wide range reflects the different risk assessments and terms available across our panel.

Example: Borrowing £100 over 6 months

If you borrow £100 over 6 months at 89% APR (fixed), you’d pay:

• Monthly payment: £20.40
• Total repayable: £122.40
• Total interest: £22.40
• Interest rate: 89% per annum (fixed)

That £22.40 in interest might sound like a lot for such a small loan, but consider the alternative. Overdraft fees, late payment charges, or going without could cost significantly more. For urgent needs, a £100 loan provides certainty – you know exactly what you’ll pay and when.

Why do rates vary?

Lenders assess several factors when determining your rate:

• Credit history: Better credit usually means better rates
• Income stability: Regular, provable income improves terms
• Loan term: Shorter terms often carry higher APRs but lower total cost
• Existing commitments: Other debts affect affordability assessment

If you need more time to repay, extending to a 12 month loan reduces your monthly payment but increases the total interest paid. It’s about finding the balance that works for your budget. With £100 being such a small amount, many customers opt for the shortest term they can comfortably afford, minimising total cost.

No hidden charges: Sunny never charges application fees, service fees, or any other charges. The only cost is the interest charged by the lender you choose, which is clearly displayed before you accept any offer. There are no early repayment penalties either – if you can pay off your £100 loan early, you’ll save on interest.

Who Can Apply for a £100 Loan?

Our lenders’ eligibility criteria are designed to be accessible whilst ensuring responsible lending. To apply for a £100 loan through Sunny, you’ll need to meet these basic requirements:

Essential criteria:

• Age: At least 18 years old
• Residency: UK resident with a permanent UK address
• Income: Regular income of at least £500 per month (employment, benefits, or self-employment)
• Bank account: Active UK bank account and debit card
• Credit status: Not currently bankrupt or in an active IVA
• Address history: Able to provide 3 years of address history

What about bad credit?

Many of our lender partners specialise in helping customers with less-than-perfect credit histories. Past credit issues don’t automatically disqualify you. Lenders look at your current affordability – can you manage the repayments now, based on your current income and outgoings?

If you’ve had credit problems in the past, you might find bad credit loans particularly relevant. These lenders understand that past difficulties don’t always reflect your current situation. However, they’ll still need to verify you can afford the loan. This protects you from taking on debt you can’t manage.

What lenders check:

When assessing your application, lenders examine:

• Your credit report (but they’re often flexible about past issues)
• Current income and employment stability
• Existing financial commitments (rent, bills, other loans)
• Bank statements to verify income and spending patterns
• Whether you can afford the monthly repayments comfortably

This thorough assessment might feel intrusive, but it’s actually protecting you. Responsible lenders won’t approve a loan if they believe you’ll struggle to repay it. This is far better than taking on debt you can’t afford, which would only worsen your situation.

Why Use a Broker Like Sunny?

Understanding the difference between a broker and a direct lender helps you make the most of our service. Sunny is a credit broker, which means we don’t lend money ourselves. Instead, we introduce you to FCA-authorised lenders from our panel.

Benefits of using a broker for your £100 loan:

Multiple options from one application: Instead of applying to five different lenders (and getting five hard credit checks), you apply once with us. We show you multiple matches, and you only get a hard credit check when you accept an offer. This protects your credit score whilst giving you choice.

Time savings: Researching lenders, comparing rates, and filling out multiple applications takes hours. We do the searching for you in seconds, presenting your best options in one place.

Soft credit check first: Our initial eligibility check uses a soft search that’s invisible to other lenders and won’t affect your credit score. You can see if you’re likely to be approved before committing to a full application.

No fees to you: We’re paid by lenders when you take out a loan, never by you. There are no application fees, no service charges, no hidden costs. Comparing loan offers through Sunny is completely free.

FCA protection across all lenders: Every lender in our network is FCA-authorised. This means they all follow the same strict rules on fair treatment, clear communication, and responsible lending. You get consistent protection no matter which lender you choose.

Honest guidance: As a broker, we’re not trying to sell you our own loan product. We can be genuinely honest about whether a £100 loan is right for your situation, or whether you might be better served by a different amount or term. If you’re considering whether small loans generally make sense for your needs, we’ll give you straight answers.

Some customers prefer applying directly to lenders they know. That’s absolutely fine. But many find that using a broker saves time, protects their credit score during the comparison process, and gives them access to lenders they might not have found on their own.

Why Smaller Can Be Smarter

There’s real wisdom in borrowing only what you need. In an industry that often encourages customers to “borrow more,” choosing a £100 loan shows financial responsibility.

Lower total cost: The mathematics are simple. Interest is charged as a percentage of the amount borrowed. Borrow £100, pay interest on £100. Borrow £500, pay interest on £500. Even at the same APR, the smaller loan costs less in total. Why pay interest on money you don’t need?

Easier to repay: A smaller loan amount means smaller monthly payments. This makes it easier to fit repayments into your budget without sacrificing other essentials. You’re less likely to miss a payment or struggle financially.

Less risk: If your circumstances change unexpectedly, a £100 loan is far easier to manage than a larger debt. The lower commitment reduces your financial risk.

Builds good habits: Successfully managing a small loan demonstrates responsible borrowing. Pay it back on time, and you’re building positive credit history that could help you access better credit in future.

Prevents over-borrowing: It’s tempting to think “whilst I’m here, I might as well borrow extra.” But borrowing more than you need adds unnecessary debt. A £100 loan for a £100 problem makes sense. A £500 loan for a £100 problem doesn’t.

When £100 is exactly right:

Real-life situations where £100 loans make perfect sense:

• School uniform or supplies needed urgently
• Broken essential appliance (kettle, microwave, toaster)
• Urgent prescription or medical co-payment
• Emergency taxi or transport costs
• Minor car repair to keep you mobile for work
• Replacement phone when yours breaks
• Pet medication or emergency vet consultation
• Last-minute travel for family emergency

These aren’t frivolous expenses. They’re genuine needs that cost roughly £100. Borrowing exactly what the problem costs shows good financial judgment.

Of course, if your expense is actually £150, don’t try to make £100 stretch. Our lenders offer loans up to £2,500, so whether you need £500 loans for a larger repair or £100 for something minor, we can help you find the right match.

Check your eligibility now

What makes us different:

• Over 1 million customers since 2022
• 4.5 out of 5 stars on Trustpilot (7,385 reviews)
• 7,500+ daily quotes processed
• FCA-authorised broker and lenders
• Never any fees from Sunny
• Soft credit check won’t affect your score

What to Consider Before Applying

Taking out any loan is a financial commitment. Before applying for a £100 loan, ask yourself these important questions:

Can I afford the repayments?

This is the most important question. Work out your monthly income, subtract all your essential expenses (rent, bills, food, existing debts), and see what’s left. Your loan repayment needs to fit comfortably within that remaining amount. If £20 per month would stretch you too far, consider a longer term to reduce the monthly payment, or wait until your circumstances improve.

Is this the right amount?

Make sure £100 actually covers your need. If your expense is £150, borrowing £100 leaves you £50 short. Conversely, if you only need £75, there’s no need to borrow £100. Be honest about the exact amount required.

Have I considered alternatives?

Before borrowing, think about whether you could:

• Use savings (if you have any emergency fund)
• Ask family or friends for help
• Negotiate a payment plan with who you owe money to
• Sell items you no longer need
• Pick up extra work or overtime

Sometimes these alternatives aren’t possible or appropriate. A £100 loan might be your best option. But it’s worth considering every possibility first.

What’s my repayment plan?

Think ahead to when repayments are due. Will you definitely have the money available? If your income is irregular, consider how you’ll manage months when earnings are lower. Having a plan reduces stress and helps ensure you never miss a payment.

Could this wait?

Some expenses are genuinely urgent – your only work shoes falling apart, for example. Others might feel urgent but could wait a few weeks whilst you save up. Be honest about whether this is a “need now” situation or a “would like soon” situation.

Am I already struggling with debt?

If you’re already having difficulty managing existing debts, taking out another loan – even a small £100 one – might worsen your situation. Free debt advice is available from organisations like StepChange (0800 138 1111) and Citizens Advice. They can help you explore all your options without judgment.

Do I understand the total cost?

Make sure you’re clear on the total amount you’ll repay. A £100 loan doesn’t just cost £100 – you’ll pay interest on top. At our representative rate over 6 months, you’d repay £122.40 total. That’s £22.40 in interest. Are you comfortable with that cost for the convenience and speed?

These questions aren’t meant to discourage you. They’re designed to help you make an informed decision that’s right for your circumstances. Responsible borrowing means borrowing only what you need, when you need it, and when you can afford to repay it.

How Sunny Protects You

Your safety and fair treatment matter to us. Here’s how we ensure you’re protected throughout the loan process:

FCA authorisation: Sunny (Upward Finance Limited, FRN 821471) operates as an Appointed Representative of Flux Funding Limited (FRN 806333), which is authorised and regulated by the Financial Conduct Authority. This means we follow strict rules designed to protect consumers. Every lender in our panel is also FCA-authorised, ensuring consistent standards across our network.

Data protection: Your personal and financial information is encrypted using bank-level security. We never sell your data to third parties. Information is only shared with lenders you choose to apply with, and only after you give permission. We comply fully with UK GDPR regulations.

Secure application process: Our website uses SSL encryption (the padlock symbol in your browser). This means all data transmitted between your device and our servers is scrambled and unreadable to anyone who might intercept it.

Soft credit check protection: Our initial eligibility check won’t harm your credit score. It’s a soft search that only you can see on your credit report. Other lenders can’t see it, and credit reference agencies don’t factor it into your score. You can check your eligibility with complete peace of mind.

Right to withdraw: Under the Consumer Credit Act, you have 14 days to withdraw from a credit agreement after signing it. If you change your mind, contact your lender directly within this cooling-off period. You’ll need to repay any money already received, but you won’t be penalised.

Clear information: We provide all key information upfront – APR, total repayable, term length, monthly payment. There are no nasty surprises hidden in small print. If something’s unclear, our customer service team is here to explain.

Complaints procedure: If you’re unhappy with our service, we have a clear complaints process. If we can’t resolve your complaint to your satisfaction, you can escalate it to the Financial Ombudsman Service, which provides free, independent dispute resolution.

Responsible lending standards: Our partner lenders won’t approve your application unless they’re confident you can afford the repayments. This protects you from taking on unmanageable debt. Whilst this might be frustrating if you’re declined, it’s far better than being approved for a loan that would cause you financial difficulty.

The Application Process

Applying for a £100 loan through Sunny is designed to be quick and straightforward. Here’s what you’ll need and what to expect:

Information you’ll need:

Have these details ready before you start:

• Full name and date of birth
• Current address and previous addresses (3 years’ history)
• Employment details (employer name, income, pay frequency)
• Bank account details (account number and sort code)
• Monthly income and outgoings
• Debit card for verification

Step-by-step process:

1. Complete the application form (2-3 minutes)
Fill in our online form with your personal and financial details. The form is straightforward, with clear explanations of why we need each piece of information. Everything you enter is encrypted and secure.

2. Soft credit check (instant)
We’ll immediately search our panel of lenders using a soft credit check. This check is invisible to other lenders and won’t affect your credit score. You’ll get an instant decision on whether we’ve found potential matches.

3. Review your options (take your time)
If we’ve found suitable lenders, you’ll see your loan options. Each shows the APR, monthly payment, term length, and total repayable. Compare them carefully. There’s no time limit and no obligation to accept any offer.

4. Select and complete (10-15 minutes)
When you choose an offer, you’ll be directed to that lender to complete their application. They may ask for additional information or documents (like bank statements or proof of income). This is normal and part of their affordability assessment.

5. Final credit check (happens automatically)
The lender will perform a full credit check at this stage. This will appear on your credit file and may affect your credit score. This is why it’s important that our soft check happens first – so you only get a hard check when you’ve chosen to proceed.

6. Sign your agreement (electronic signature)
If approved, you’ll receive your loan agreement electronically. Read it carefully before signing. It shows all terms, costs, repayment schedule, and your rights. Once signed, you’re legally committed to the loan.

7. Receive your funds (15 minutes to same-day)
After signing, most lenders transfer funds the same day. We process applications 24/7, including weekends and bank holidays. Many customers receive money within 15 minutes, though it depends on your bank’s processing times. Faster Payment transfers usually arrive within an hour.

What if I’m declined?

Not everyone will be approved, and that’s okay. Lenders decline applications for various reasons – existing debt levels, insufficient income, recent credit issues, or affordability concerns. If you’re declined:

• Don’t immediately apply elsewhere – multiple applications harm your credit score
• Wait a few months before trying again
• Work on improving your credit score in the meantime
• Consider whether you genuinely need to borrow
• Seek free debt advice if you’re already struggling financially

Remember, rejection isn’t personal. It’s often the lender protecting you from taking on debt you might struggle to repay.

Find your match today

Why you can count on Sunny:

• Over 1 million customers since 2022
• 4.5 out of 5 stars on Trustpilot (7,385 reviews)
• 7,500+ daily quotes processed
• FCA-authorised broker and lenders
• Never any fees from Sunny
• Soft credit check won’t affect your score

Representative Example: Borrowing £1,000 over 18 months at 89% APR (fixed) means 18 monthly payments of £102.42. Total repayable: £1,843.60. Total interest: £843.60. Representative 89% APR.

Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Need help with existing debt? Free, confidential advice is available from StepChange (0800 138 1111) and Citizens Advice. These organisations can help you explore all your options without judgment.

Regulatory Information: Sunny (Upward Finance Limited, Company No. 11365247) is an Appointed Representative of Flux Funding Limited (FRN 806333), which is authorised and regulated by the Financial Conduct Authority. Registered office: 7 Bell Yard, London, WC2A 2JR. We are a credit broker, not a lender. We introduce customers to FCA-authorised lenders and do not make lending decisions. We never charge customers any fees for our service.