£200 Payday Loans

Need a £200 payday loan? Learn more about them here and how Sunny can help

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A £200 payday loan can help if you find yourself struggling to make ends meet before payday. An urgent repair, unexpected bill, a fine or even just a more expensive month than usual can lead to you applying for a loan.

Before you fill in any application forms, it’s important you carefully consider your options and find the right lender for your needs. More and more lenders are now offering short-term instalment loans, rather than payday loans that need to be paid back in around 35 days.

Sunny, for example, provide access to £200 loans for those who need them and these can be paid back over a period of at least 3 months. Read on to learn more about £200 payday and short-term loans and what to consider before you apply.

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Representative 89% APR

Representative Example: Representative example: Amount of credit: £1000 for 18 months at £102.42 per month. Total amount repayable of £1843.60 Interest: £843.60. Interest rate: 89% pa (fixed). Representative 89% APR. Rates between 9.3% APR and 1721% APR – your no-obligation quote and APR will be based on your personal circumstances. Individuals with a good credit score may have access to cheaper interest rates. Interest rates associated with short-term loans tend to be higher than those of traditional personal loans. 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 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.

£200 payday loans information hub

Here, we've answered some common questions around payday loans for £200.

  • Is a £200 payday loan the right choice?

    If you believe that you can confidently borrow £200 and then pay the full amount back, plus interest, within around 35 days then a payday loan could be right for you. However, many people prefer to spread the cost of their loan and this is where Sunny can help. Our panel of lenders offer £200 loans that can be paid back over a period of at least 3 months.

  • How quickly do I have to pay back a £200 payday loan?

    This depends on the lender but typically you will have to pay back a payday loan within 35 days or when your next pay packet arrives. Bear in mind that you will need to pay interest on top of the £200 you are borrowing so it’s important that you take this into account.

  • Can I get a £200 payday loan without a credit check?

    If a lender is offering you a loan without a credit check, it’s best to steer clear of them. All lenders must be FCA approved and conduct credit and affordability checks to ensure those who apply for a loan are able to make payments. If you’re worried about applying and your credit rating is impacted, Our panel of lenders conducts something called soft search. This means they take a look at your credit report and confirm how much you will be likely able to borrow, without impacting your credit score.

More information about £200 loans at Sunny

If you decide that a payday loan isn’t quite right for you and would prefer to borrow and enjoy a longer period of time to make payments, we can help. £200 loans can be paid directly into your bank today#, if you are approved, allowing you to tackle that financial emergency with ease.

Your lender will agree on a set date each month for your payment to come out of your account, which means you can factor this into your budget. Plus, there are no fees to worry about.

Eligibility for a £200 payday loan

Still thinking about a payday loan? Then you’ll need to carefully consider if you are eligible to apply. In order to be considered eligible for a loan, you must meet the provider’s criteria. Here are some of the most common requirements across most lenders:

  • You must be a UK resident
  • You must be 18 years old or above
  • You must have a bank account and debit card
  • You must not be bankrupt or otherwise insolvent
  • You must have a regular income
  • You must be able to provide evidence of your address for the past three years.

Whichever lender you choose to apply with, take a look at their eligibility requirements first. Some, for example, differ when it comes to how much your regular income needs to be.

Why choose Sunny?

We believe short-term loans are the right choice for those dealing with an urgent expense. They're quick, easy to manage and fee-free. Here are just some of the reasons why you should consider applying with Sunny.

Lenders can get the money to you quickly, even today# if you are approved!

We don't charge fees. Never have, never will. This means all you need to think about is making your regular monthly payments.

Our extensive panel of lenders cater to customers of all different circumstances, even those with bad credit.

Ready to apply?

Hit the button below if you're ready to apply for a £200 loan at Sunny. Lenders use a soft search function, which won't affect your credit rating when they perform their initial checks and get back on track in no time.

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Representative 89% APR

Looking for some further reading?

We've created a whole host of guides about payday loans and what you need to know. Check some out below.

Other payday loan guides