£200 Loan
Looking for a £200 loan? If you’re in need of a quick £200 loan, then Lending Stream can help. Apply today for a 200 pound loan, and if approved, you can get the money sent to your bank in 90 seconds*. We are a regulated direct lender and consider people with poor credit history too.
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 £200 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 £200 loans?
£200 loans are small, short term loans that can be used for a variety of purposes. Perhaps you need to pay for an unexpected car repair. Or perhaps you just need some help with cash flow after some unexpected bills. Whatever the reason, a £200 loan can be useful for those small emergencies.
Most £200 loans are repaid within a few weeks or months. They usually tend to have a fairly high interest rate. So, it’s important to only borrow what you can afford to repay.
How do I check if I’m eligible for a £200 loan?
If you are looking to check your eligibility for a £200 loan with Lending Stream, then you need to:
- Be a UK resident.
- Have an active bank account.
- Have a valid debit card.
- Be at least 18 years old.
- Be in regular employment with 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 £200 loan with Lending Stream?
If you’re looking for a £200 loan, Lending Stream is here to help. Our online application only takes a few minutes to complete. To apply for a loan with us, you need to fill in our online application form. We’ll ask you to tell us:
- Some personal details.
- The amount which you want to borrow with us.
- 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, you could have your money sent to your bank in as little as 90 seconds. It may take longer to reach your account, depending on your bank’s processes.
Representative 1271%APR
Can we lend you more than £200?
Yes, Lending Stream offers various loans to meet your financial needs. For first-time borrowers, we provide loans ranging from £50 to £800. Existing customers with a good monthly repayment history can borrow from £100 to £1,500.
Whether you need extra cash for unexpected bills or short-term financial support, our transparent lending terms ensure you can borrow responsibly without any hidden fees.
How long do you have to pay back your £200 loan?
With Lending Stream, you’ve got 6 months to pay back what you borrow from us in 6 equal payments. You can even repay your loan early if you want. We don’t charge any extra fees for early repayment. Our loans are charged at a daily interest rate, so by paying early you’ll save money.
What if my £200 loan application is rejected?
We look at many different factors while checking your 200 pound loan application, which is why we never guarantee if it will be approved. We carefully assess your financial situation to ensure responsible lending.
We also check your credit score (as will all FCA-approved lenders). If a lender offers you a £200 loan with no credit check, then you should check that they are an FCA authorised lender. Lending Stream consider applications from people with a bad credit score too.
We consider many factors, as we don’t want you to borrow money that you can’t afford to pay back. Additionally, your approved credit limit (loan amount) depends on your assessed ability to manage the monthly repayments.
Sometimes, we reject loan applications because of information we receive from credit reference agencies.
If this is the case with your application, we will let you know the name of the credit reference agency by mail.
What are the advantages of a £200 loan?
- Fast cash: If you are facing unexpected expenses, a £200 loan could be a short-term solution. If approved, you’ll usually get the cash in your bank within 90 seconds*.
- No asset required: When you apply for a 200 pound loan with us, we won’t ask for assets as security or guarantors like a secured loan lender. We offer unsecured loans for unexpected financial emergencies.
- You may be eligible for a £200 loan with bad credit: We never pretend that your credit history isn’t important to us. But we also know that your credit score will not always reflect your current situation. We consider all applications including those where people may have a poor or low credit score.
- Repay in affordable amounts: We provide loans that are paid back in 6 monthly repayments. Our loans are not like payday loans which require you to pay it back all at once.
What are the disadvantages of £200 loans?
- Short term loans for £200 may have a higher interest rate than a traditional high street bank.
- Is a 200 pound loan what you need? Think carefully about whether this is the right amount to borrow to meet your needs.
There may be other ways to get cash quickly. It might be worth trying the BenefitsGlance tool on Afforda.co.uk. This tool will help you find any benefits you might be entitled to.
FAQs – 200 pound loan
Can I apply to Lending Stream for a £200 loan if I’m unemployed?
No, you need to be employed in order to apply for a loan with us. To be eligible for a loan with us, you need to be in regular employment with a monthly income of at least £400.
Can I use a 200 pound loan to pay my energy bills?
You may use a 200 pound loan to pay your energy bills. But this should only be a one off occasion. Borrowing on a short term basis is not a solution to paying regular household bills. We recommend only borrowing what you need and can afford to repay.
Can I apply for a £200 loan if I have bad credit?
Yes, we consider applications from people with bad credit. However, we still run a search of your credit report to see if you can afford repayments. And we’ll check other factors like your income and regular outgoings.
How can I repay my loan?
You can repay your loan amount through a Continuous Payment Authority (CPA) alternatively we also accept payments from debit cards, google pay, apple pay and bank transfer.
What happens if I’m having financial problems?
If you are having financial problems and are unable to repay your loan, please contact us as soon as possible. We will work with you to try and find a solution.