Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk. We are a credit broker and not a direct lender.

Borrow £200 Today

What can you use 200 Pounds Loans for?

If you need quick financial assistance, borrowing a £200 loan can help you in times of unexpected expenses or urgent financial needs and can be a convenient solution. Whether it’s for utility bills, urgent repairs, medical bills or others. These £200 loans can provide relief for your short-term needs. Because the application process is streamlined, you can apply online and receive quick decisions. Ensure you can make repayments comfortably.

Unlike other alternatives available in the loan market, receive a quick decision on these small 200-pound loans and enable borrowers to make an informed choice to address immediate expenses. Lenders offer these short term loans typically with repayments of up to 12 months. But the terms are manageable, depending on the lender.

No need for collateral or a cosigner makes them a valuable financial tool to count on when needing monetary aid to cover small expenses. Enjoy hassle-free financial assistance without any burden of collateral, or lengthy paperwork. For individuals with bad credit, lenders consider a range of factors beyond the credit scores. It helps to ensure that borrowers with varied credit histories can access the loans, approvals are based on your financial circumstances. Remember that these loans are to handle short-term needs and not for long-term solutions.

Looking for a £200 Loan?

Find how CashCompare can help

If you are looking for a £200 loan, look no further! We are a credit broker, specialises in connecting borrowers with lenders for their borrowing needs. Address your financial obligations with a quick £200 loan online to bridge the budget gap, whether covering medical costs, repairing your car, short of rent, or fixing your house roof. We make it efficient for borrowers to obtain a loan quote for a £200 loan under no obligation to accept it. This approach saves time and financial worries and ensures you can apply conveniently from home. After applying, you get a prompt decision, to make an informed decision.

Our lenders can offer fast access to cash loans without the need for collateral. Individuals can escape from financial stress when they experience cash shortages until their next payday. Instantly connect with a lender willing to offer you a £200 loan and forward to navigate life's financial ups and downs with confidence. You can apply for £200 loans with bad credit or good credit scores through us to check eligibility. We don’t charge any fees or don’t have any influence on loan approvals.

Eligibility Criteria for £200 Loans

Our partnered lenders conduct thorough credit and affordability checks as part of responsible lending practices.

Be a UK Resident
Be over 18 years old
Have a UK bank account
Be in a Full-time / Part-time employment
Meet the lenders’ criteria and credit affordability assessment

Borrow £200 Loans Online

We're committed to making your borrowing experience as simple and stress-free as possible.

Get Started

How It Works

Facing unexpected financial hurdles? We help you find the suitable loan

Submit Your Application

Begin by completing our simple online form. Provide us with a few details about yourself and your loan needs.

Instantly Match with Lenders

Leveraging our loan matching service, we search through our network of lenders to find a suitable financial solution.

Quick Decision

Once matched, you'll quickly receive details of your suitable loan quote with no obligation to accept it.

Receive Your Funds

If eligible and approved, your loan could be in your bank account, often on the same day.

Why Choose Us?

Loan Prospects for All

Whether you’re facing sudden expenses or adjusting to life’s unexpected turns, we are here to help. Apply through us.

Easy Online Process

Our streamlined application process is designed to be as easy as possible, so you can apply from the comfort of your home.

Safe and Secure

Your privacy is a top priority for us, guaranteeing the protection and security of your data with us.

How long can I Borrow a £200 Loan?

A borrower can generally borrow a £200 loan for a tenure of 3 to 12 months. This can differ in terms set by the online lenders. It is commonly advised by financial advisors to lower the repayment as much as possible to save yourself from paying any extra interest amount. Individuals can cover their short-term needs with £200 loans without a guarantor or collateral. Ensure timely loan repayment to avoid any late payment or default charges penalty increasing your interest debt.

These unsecured loans allow borrowers to spread their repayment tenure according to their financial flexibility, but not exceeding more than a year. When you borrow a £200 loan however, it is imperative to acknowledge the fact that these loans will have a higher APR as these are small amount loans. Sometimes, the lender won't provide a loan with flexibility in repayment tenure to due to their strict terms and lending policies which entirely depend on your financial circumstances.

It is important to read the terms and conditions thoroughly before committing to any loan type. When you get a loan quote or a pre-approval from a lender, go through all the necessary details concerning the loan tenure, APR, late fee penalty and loan pre-payment charges. Having a good knowledge of your loan factors can generate financial and mental awareness to manage repayments efficiently and ensure they do not cause any stress.

Lastly, always consider your ability to repay the loan within the stipulated time frame. It might be worthwhile to consider alternative funding options or perhaps reevaluate the need for borrowing if there is any doubt about meeting the repayment schedule. Responsible borrowing is the key to maintaining financial health and avoiding potential debt accumulation.

Check Your Eligibility

Can I Apply for a £200 Loan Online with Bad Credit?

Absolutely Yes! Applying for a £200 loan online with bad credit is indeed possible for individuals with less-than-perfect credit scores and facing a temporary financial crunch. Institutional lenders do not offer such small loans and neither do they consider lending to those with low or bad credit scores. So, online lenders have designed unsecured loans to fill the bridge gap for borrowers who are not able to fill by considering all credit score types. Many lenders in the UK, understand that a low credit score doesn’t reflect on a person’s repayment ability specifically for smaller amounts. This has led to the emergence of special lending options to meet the requirements of individuals with bad credit.

Online lenders aren't very keen on your credit score while applying for a loan with bad credit but rather on your income stability and employment history when tailoring their lending decisions. But keep in mind that applying for a £200 loan online with bad credit may return higher rates compared to standard loans.

Consider the tenure as short as possible when you choose the repayment terms if offered. This makes it less risky for you to miss on repayments and for lenders to quickly get their principal amount. Lenders in such situations overlook your past credit issues and become willing to offer you a loan focusing instead on the borrower's income ability to repay the loan. Before agreeing to any of the lender terms, review all the factors such as fees, interest rates and any other terms. This will ensure that you can make a manageable repayment fit within your budget.

£200 Loans with Bad Credit

How do I Apply for a £200 Loan through CashCompare?

If you need immediate cash, you can apply for a £200 loan through us. We, Cash compare, a credit broker, can help you find the loan you need. Navigate to the loan application section on the website, where you will find an application process. Applying through us is straightforward and streamlined. You can just fill out our simple application with all the correct information by choosing the loan amount and term you need. With our loan matching service, we match you to our network of lenders and other brokers offering these short-term loans. After submitting the loan application, our matching system instantly searches for a suitable loan quote with no obligation to accept.

You will be prompted to provide essential details commencing the application. Basic personal details, employment status, income, and financial information. The given details are essential to assist you with a suitable financial solution and match you with a suitable lender who offers £200 loans. We help you match with potential lenders likely to approve your loan application. This process increases the chances of getting a loan that aligns with your financial requirements.

To determine the loan terms, lenders assess your eligibility ensuring you receive a quick decision. If approved, the funds can be disbursed on the same day or the next business day, allowing the necessary funds for your needs. Carefully evaluate the loan terms, interest rates, and other fees associated with each loan offer offered by the lender and understand the total cost of borrowing.

Apply Through Us

Is it possible to get a £200 Loan with No Guarantor?

Yes, it is possible to get a £200 loan with no guarantor. It is a viable option offering individuals immediate access to money without additional assistance. When you apply for a loan in a bank with a low credit score, the bank makes it eligibility criteria to have a guarantor to back the loan or else they won't be able to approve. This has made online lenders comprehend that not all applicants can have a perfect score or a guarantor to back them up. Many lenders recognizing the need for quick financial assistance, specifically for smaller amounts, offer these loans without a guarantor.

Streamlining the application process to make it simpler and more convenient for borrowers who cannot have someone to guarantee the loan. The credit score is not a stringent requirement when it comes to loan approvals. If you apply for these no guarantor loans with less-than-ideal credit histories, online lenders assess the repayment capability, current income, employment status and expenditure to make lending decisions. These small amount loans may come with higher rates.

These loans also do not need any collateral to pledge against them making it an unsecured loan. For those who may not have assets to pledge as security, these loans are beneficial. All online lenders ensure borrowers with an opportunity to rectify past financial mistakes and regain their credit score for better interest rates in the future without burdening a close aide. As a credit broker, we try to find a suitable solution based on the financial needs through our network of lenders. You can apply for a £200 loan with no guarantor from the comfort of your home, with our loan matching service assessing eligibility, you receive a suitable loan quote. While these £200 loans can provide temporary relief for your short-term financial needs, it’s important to carefully review the terms before proceeding.

Apply for Loans Without a Guarantor

Are there Direct Lenders who offer £200 Loans on the Same Day?

Yes, some direct lenders offer £200 loans on the same day for individuals facing urgent financial needs. Whether it’s for emergency repairs, medical bills or other, these short-term loans provide immediate assistance. To accommodate small financial needs, many direct lenders streamline the application and speed up the loan approval and disbursement process, often within the same day.

Applying for these same-day loans is typically straightforward, with many lenders offering the application online. This will allow you to complete the application comfortably from anywhere. Once submitted, lenders assess the eligibility and provide you with a quick decision. If approved, funds will be deposited directly into your bank account. Furthermore, check the terms and conditions associated with online loans. Compare the rates and terms, fees which can vary from lender to lender, specifically for borrowers with poor credit scores. Review all the terms before agreeing to any loan, ensuring that you can make the repayment comfortably and align with your financial situation.

Cash compare can be your lender matching partner when you are looking for a £200 loan on the same day. We are a credit broker, and have access to a network of lenders, increasing the possibility of finding a loan option instantly even with less-than-perfect credit scores. This minimises the need for multiple direct applications and reduces the number of hard inquiries on your credit report. All lenders must conduct a hard credit check adhering to FCA guidelines as part of the application process once you accept any lenders offer. These hard checks lower your credit score and potentially affect your ability to secure credit further.

Find a Direct Lender through us

Loan Amount


Loan Months


Interest Rate

Monthly Payments


Total Principal to be Pay


Total Interest to be Pay


Check My Eligibility

We at CashCompare specialise in connecting to Direct Lenders offering short term loans from £100 to £3000 from 3 to 36 Months

Here are some of the Loan amount guides you may be interested in.

Frequently Asked Questions

A £200 loan can be used for a variety of purposes, such as covering unexpected expenses, paying for emergency repairs, or simply as a financial buffer until your next payday. We advise that you consider your ability to repay before applying, as loans should not be used for frivolous spending.
No, CashCompare does not charge you any fees for using our service. Our goal is to help you find the right loan option without any additional financial burden. We receive a commission from our lending partners, but this does not affect the cost of your loan. Our service is designed to be transparent, straightforward, and free for you to use.
No, we do not perform any credit checks. A lender may conduct a soft search as part of determining your loan eligibility. If you are eligible, you will be presented with a no-obligation offer quote. However, please be aware that once you proceed with a loan application to a lender, they will conduct a full credit check as part of their decision-making process.