£100 Loan
Looking for a £100 loan? At Lending Stream, you can apply online for a £100 loan right now. If approved, we send the cash to your bank in 90 seconds. It may take longer to reach your account, depending on your bank’s processes. We’re a direct lender in the UK and we consider applications from people with bad credit.
Representative Example: Given a Representative APR of 1271%, if you borrow £300 over 6 months at 292% p.a. (fixed), you would owe 6 equal repayments of £96.39. You will repay £578.36 in total.
Not all applications will be approved for a loan. An offer of credit is subject to status and affordability checks.
Why choose Lending Stream for a £100 loan?
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Direct Lender
Lending Stream is a FCA authorised and regulated direct lender, offering short-term loans without any hidden fees.
No early repayment fees
Repay in 6 monthly instalments. We don’t charge for early repayment.
Fast
Apply online 24/7 with decisions in seconds. If approved, cash is sent to your bank in 90 seconds.*
What are £100 loans?
A £100 loan is a small loan designed to help cover unexpected expenses or financial emergencies. These short term loans are typically repaid over a short period, often by the next payday or within a few weeks or months, depending
on your loan term.
Unlike mainstream loans, £100 loans are easier to access due to the small amount involved.
Whether it’s for urgent bills, car repairs, or any other financial difficulties, a £100 loan provides a fast and effective solution to temporary money problems. It should be kept in mind that these small amount short term loans often come with high interest rates.
How do I check if I’m eligible for a £100 loan?
If you are looking to check your eligibility for a £100 loan with Lending Stream, you need to:
- Be a UK resident.
- Be at least 18 years old.
- Have a valid debit card.
- Have an active bank account.
- Have a monthly income of at least £400.
During our application process, we might ask you to show proof of your income. As a responsible lender, we do this to ensure that you can comfortably afford the loan repayments.
Representative 1271%APR
How can I apply for a £100 loan with Lending Stream?
If you are looking to apply for a £100 loan with Lending Stream, then you’ll need to tell us:
- Some personal details.
- How much you want to borrow.
- Your employment, salary, expenses, and banking details.
Once we receive your application, we’ll run a credit and affordability check. This is to make sure you can comfortably afford the repayments. If approved, we will send the loan to your bank within 90 seconds*.
Representative 1271%APR
Can I get a £100 loan today?
Yes! Getting a £100 loan today is possible. You can apply online for a same day £100 loan from direct lenders and get a quick decision. If approved, the loan will be deposited into your bank account. Depending on the lender, this will usually be within a few hours.
At Lending Stream, new customers can apply online for a loan from £50 – £800 by filling out our application form. You’ll get an instant decision from us. If approved, the approved loan amount will be sent to your bank within 90 seconds. There’s no need for lengthy paperwork – in most cases, you’ll get a decision based on the information you give us.
Is it easy to borrow 100 pounds?
Yes, borrowing a 100 pound loan is generally an easy and straightforward process. Many lenders, including Lending Stream, offer an online application form. This means you can apply at home from your phone or laptop.
You should check the eligibility criteria of the lender before applying. Once you do, you’ll just need to fill in a simple online application form to get a decision quickly.
Even if you have a bad credit history, there are regulated lenders who are likely to consider you. They’ll look at your credit score, as well as your current income, financial condition, etc. This will help them decide if they can responsibly lend to you without causing further financial problems.
What can a quick £100 loan be used for?
A quick £100 loan can be used for a variety of purposes. It can help you cover a financial emergency like unexpected car, bathroom or kitchen repair, etc. It can be used to bridge the financial gap or act as short term financial support or to cover important small purchases.
Whatever your need, a small loan can offer some flexibility when you need it most. It is important that you keep up with repayments, late repayments can harm your credit rating and also make your loan more expensive than intended.
Because Lending Stream offers a daily interest rate, you can save on interest by repaying early with no hidden fees.
What if my £100 loan application is rejected?
If your £100 loan application is declined, it’s important not to panic. There can be various reasons behind the rejection. These can include:
- Incomplete or inaccurate information in the application form.
- Bad credit score or history of repaying previous loans.
- Not meeting the eligibility criteria (such as showing you can afford the repayments).
Take some time to understand why your loan was rejected. If it’s possible to address any of the issues (such as inaccurate information, current financial situation), then you should do so.
We don’t guarantee any loan approval at Lending Stream. Sometimes, information from credit reference agencies leads to us declining a loan application. If this happens, we’ll tell you the name of the credit reference agency by email. You can check your credit file with them directly.
You may find it useful to check our other site, Afforda.co.uk. Here, you can find out if there are benefits that you may be entitled to that you aren’t using. You can use our BenefitGlance tool to find out. You might also find other useful information on there if you’re in need of financial help.
What happens if I can’t repay my 100 pound loan in time?
If you are unable to repay your £100 loan on time, you should talk to your loan provider as soon as possible. Ignoring this situation may lead to additional fees or more interest than expected. It can also negatively impact your credit score.
Discussing your situation openly and honestly with your lender will give them the opportunity to help. They may be able to give you a revised payment plan or offer some alternative solutions. All this will help you manage your debt more efficiently. Additionally, you may also want to seek advice from a financial counsellor or a money advice service.
FAQs – 100 pound loan
Can I borrow 100 pounds with bad credit?
Yes, you can borrow £100 with bad credit. There are direct lenders and lending partners who offer bad credit loans. They will look at various factors around your current situation, not just your credit report. They’ll mainly want to check that you can comfortably afford the loan repayments.
Can I get a 100 pounds loan without a credit check?
Most FCA-registered companies conduct credit checks as part of their standard procedures, although it is not a mandatory requirement. The decision to perform a credit check typically depends on the nature of the services being provided and the individual company’s policies.
Can I get a £100 payday loan?
Yes, you can get a £100 payday loan. Payday loans are designed to provide small, short-term borrowing to people who need money urgently. These loans are typically meant to be repaid on your next payday.
Can I pay the £100 loan back early?
Yes, you can pay back your £100 loan early. Many lenders provide early repayment option. With Lending Stream, you can repay early instead of going with the monthly repayments schedule and save on interest. Also, we don’t charge any extra fees for early repayment.