Warning: Late repayment can cause you serious money problems. For help moneyhelper.org.uk | Representative APR 89.9%
Warning: Late repayment can cause you serious money problems. For help moneyhelper.org.uk

£100 Loans

Learn more about £100 payday loans in this guide from Sunny.

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Sometimes, our money doesn’t quite stretch to the next payday, and we may find ourselves worrying about an unexpected expense. Whether it’s money to tide you over until payday or to cover a last-minute emergency, a small £100 loan can help.

At Sunny Loans, our broker partner offers access to 100-pound loans from a range of direct lenders with instant decisions; you could even have your £100 payday loan in your account the same day. Whether you have good credit or a low credit score, we introduce customers to the 100 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.

Payday loans are a big commitment, even in smaller amounts of £100, and with a very slim payment window for you to return what you owe, some people find it tough to find the funds to cover their loan payments, plus interest and regular bills. With this in mind, we’ve taken a look at £100 loans, what you need to consider before applying for one and how to find a lender that’s right for you.

What is a £100 Payday Loan?

Like other payday loans, a £100 loan is a short-term loan for 100 pounds as the name suggests. This type of loan is there to help you when you’re close to payday but need a little support before your next paycheck. Whether you need £100 emergency loans to cover unexpected costs or just to tide you over just in case, you can use these loans for whatever expenses you might need.

Can I Get A £100 Loan Today?

Yes, you can get a 100-pound loan today. You can apply for a 100 loan today, and our broker partners’ range of direct lenders will assess your application. From there, they run a soft check, which won’t harm your credit score and provide an instant decision. If you are accepted, your 100 loan from the direct lender can be in your bank account the same day. With fast 100 payday loans via Sunny, you can get your finances back on track.

Eligibility For A £100 Payday Loan

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

  • Being at least 18 years old or above
  • 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 100-pound loan as your credit rating is also taken into account, but it can give you an idea if you’re more likely to obtain a loan or not. Check each lender’s specific requirements carefully before making an application.

What About £100 Loans For Bad Credit?

If you have poor credit and need to borrow £100, don’t worry. Whatever your situation, 100-pound loans can be available to anyone as we understand that everyone is unique. When you apply for a £100 loan, direct lenders will run credit checks to make sure that you can pay the loan back responsibly, however, other factors will be looked at too. So, a bad credit score won’t necessarily prevent you from getting a 100 emergency loan.

Can I Get A £100 Loan with No Credit Check?

No, the Financial Conduct Authority demands that all loan providers conduct credit checks no matter how small the loan may be. So, if a lender is offering you a £100 loan with no credit check, they aren’t regulated lenders, and we recommend that you do not use them. If you are worried about being credit checked due to a low credit score, don’t worry, as you can still get £100 loans with bad credit.

£100 Payday Loans Information Hub

Got a question about payday loans for £100? We've answered it below.

  • There is a range of lenders that offer £100 payday loans on the market. Here at Sunny, we work closely with a broker, meaning that when you apply with us, your application is referred to various direct lenders. This allows you to find the best one for your situation and the best deal for your 100-pound loan. There are several £100 direct lenders available, such as Lending Stream, Drafty, Fernovo and Tappily, which you can learn about each in our Lenders section.

  • There are several reasons why you may need to apply for a £100 loan. Here we’ve detailed just a few examples:

    • An emergency plumber call-out
    • A call-out charge for roadside assistance
    • A higher-than-usual phone or utility bill
    • A repair cost to fix a damaged fence or roof tile
    • A washing machine repair
    • A parking ticket

    While there are no rules when it comes to what you use your money for, and ultimately you can spend your £100 payday loan on whatever you need it for, some lenders may ask to help them make their decision on whether to accept your application.

  • If you opt for a 100-pound payday loan, these typically have to be paid back within 35 days or when you next receive your wage packet. This small time period can be tough for many people, especially when they have to account for the interest on top of the £100 loan they’ve borrowed. If you choose to apply through Sunny, lenders offer 3-month loans as well as 6-month loans. Meaning you can pay off your £100 loan over a minimum of 3 months and a maximum of 6 months, just note that the amount of interest will also reflect your chosen repayment period.

  • Yes, although £100 loans are often called small loans, you can borrow more if you’d like. There are lenders on our partner’s panel that offer loans in higher amounts than £100. For example, we provide access to loans up to £2,500. However, it’s very important you only apply for a loan in the amount that you need. Applying for a higher amount of money could lead to financial strain later if you find that you are struggling to keep up with repayments.

Apply Online For A £100 Loan Today

With easy-to-manage instalments and no fees, a £100 instant loan through Sunny could help you get back on track. Apply for a £100 loan today and get instant decisions on your application, and you could have your money in your bank account the same day.

Apply now

Representative 89% APR

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.