£200 Loans

Below you’ll find all you need to know about a £200 loan through Sunny, with instant decision and no fees.

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£200 loans could be just the right amount to cover the cost of an unexpected car breakdown or perhaps to get a new part for the boiler, at the last minute. This loan should also ensure you have enough money left to cover your other important expenses while handling the emergency at hand. Here, we’ve broken down how a £200 loan works, and when to consider one.

At Sunny Loans, we offer access to 200-pound loans from a range of direct lenders with instant decisions; you could even have your £200 loan in your account the same day. Whether you have good credit or a low credit score, we help customers receive the 200 emergency loans they need. However, before applying for any loan, it’s important to carry out some research and choose the right lender for your needs.

Can I Get A £200 Loan Today?

Yes, you can get a 200-pound loan today. With Sunny, you can apply for a 200 loan online, and our broker partner will pass your application to a range of direct lenders. From there, they run a soft check, which won’t harm your credit score and provide an instant decision. If you are accepted, your 200 loan from the direct lender can be in your bank account the same day.

Eligibility For A £200 Loan

Each lender has their own set of criteria that borrowers must meet to be eligible for a loan. These include:

  • Being at least 18 years old
  • Being a UK resident
  • Having a regular income
  • Not being bankrupt or otherwise insolvent
  • Having access to a bank account and debit card
  • Having a working email address and mobile phone number

Meeting these requirements doesn’t guarantee that you will be accepted for a 200-pound loan as your credit rating is also taken into account, but it can give you an idea if you’re likely to obtain a loan or not. Check each lender’s requirements carefully before making an application.

Can I Get A £200 Loan With Bad Credit?

Yes, you still can get a 200-pound loan with bad credit. When you apply, direct lenders will run credit checks to make sure you can repay responsibly, however, other factors are also looked into as well.  Here at Sunny, we understand everyone’s situation is unique, and we offer access to bad credit loans to those in need of help. It’s just worth noting that the interest rate you pay depends on how much you want to borrow and the repayment period you select. On some loans, if you have a poor credit history, this may affect your ability to borrow the amount you want.

£200 Loan FAQs

If you’re looking to borrow £200, Sunny can help. But before you hit apply now, read through some common questions that we’ve answered around this relatively small loan amount to help you better understand whether it’s the right choice for you and your circumstances.

  • You might need to borrow £200 if you’ve found yourself short for the month when an unexpected cost comes before payday. This type of short-term borrowing should be reserved for emergencies as it ensures you have the funds in the bank to pay for your necessary expenses, as well as the surprise cost.

  • A loan for £200 can be used to cover any unexpected bill, repair cost or emergency before payday. However, you can use the £200 loan to cover anything that you need to pay for that month. With the money transferred to your account the same day, if you’re approved, you can clear those expenses quickly and get back to normal.

  • When you get a 200-pound loan, you usually have to pay it back within the next month. This small period can be tough for many people, especially when they have to account for the interest on top of the £200 they’ve borrowed. If you choose to borrow through Sunny, our broker partner offers access to 3-month loans as well as 6-month loans. This means you can pay off your loan for £200 up to a 6-month repayment period. Just remember that the interest depends on the chosen repayment period.

  • Before applying for a loan for £200, you need to first make sure that it’s the right loan for you and that it’s the amount you need. Also called small loans, 200-pound loans can help to cover small expenses or emergencies, but you can borrow more if you need to. Lenders offer loans in higher amounts, up to £2,500. However, it’s important that you only apply for the amount you need to avoid higher repayments.

    You also need to carefully consider whether you will have the money to make the required repayments over a certain period. We want our customers to enjoy the benefits a £200 loan before payday can offer without worry, so be sure you can afford the repayments before applying.

Apply Online For A £200 Loan Today

At Sunny, we know how stressful it can be trying to find the funds to cover unexpected costs. This is why our partner’s panel of lenders offer 200-pound loans with instant decisions, no fees and easy-to-manage repayments. Apply for a loan for £200 today, and if approved, you could have your money in your bank account the same day.

Applying is really quick and easy, once you’ve been approved you could have the £200 you need in your bank today.

We don’t charge any fees. That means you don’t need to worry about any upfront costs, such as admin or application fees.

Lenders put you in control. You can usually pay early and save money on interest. Plus, most lenders let you manage your loan online so you can see clearly what’s left to pay and when.

Apply now

Representative 89% APR

Looking for alternative lending options?

Lenders offer loans that can help in a range of situations. Find out more about the reasons behind taking on a loan in our in-depth guides and find the right solution for you.

Alternative Loans

Representative 89% APR

Representative Example: Borrowing: £1000 for 18 months, Total Repayable: £1853.43, Total Interest: £853.43, Interest Rate (Variable): 89.9%. Rates between 9.3% APR and 1721% APR – your no-obligation quote and APR will be based on your personal circumstances. Loan term lengths from 3 to 36 months. Subject to lender’s requirements and approval.

Sunny Loans is a registered trading name of Upward Finance Limited, who is an introducer appointed representative of Flux Funding Limited, who is a credit broker, not a lender. Loan repayment terms are 3-36 month loans.

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