Warning: Late repayment can cause you serious money problems. For help, go to MoneyAdviceService.org.uk

Short-Term Loans

Borrow up to £995

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3-12 month repayment
Rates from 278% to 1576%
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Personal Loans

Borrow up to £25K

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2-Min Application
3-36 month repayment
Rates from 4.7% to 278%
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Representative Example

Representative example of the total cost of the loan, including all applicable fees – Typical loan size of £25,000 over 120 months = £275.82 pm, 4.35% Variable APR – 6% (including £1800 in interest) total repayable £33,098

Maximum Annual Percentage Rate (APR) – approx. 24% (lender starting rate 18%) – Typical Apr will be around 8%

*We are not a lender, we provide a free credit brokering service. We will never charge you a fee for using our application.

Simple Application Process

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Absolutely No Fees

Fully Legitimate and FCA Registered

Warning: Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Loans subject to status. Over 18s only. Minimum loan amount may apply.

Rates from 4.5% APRC to 65.2% APRC are available – the highest rate is for customers with severe credit problems. Loans available from 1-25 years. TYPICAL 10.9% APRC variable

It is our ultimate goal to make your lending experience as easy as possible.

If you have any queries feel free to contact our dedicated team of experts today.

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Guide To 200 Loans

Loans have become very popular that it made its way to the Internet, newspaper, and radio; however, not everyone – even those who have borrower beforehand – is aware of how it works, its types, and how to use it. If you’re one of those who has never heard of loans or is still confused about what exactly it is, you are not alone. There are still many people who have not fully understood how a loan operates.

Whether you’re after 200 loans or more, it’s important to know what it is all about. This article will give a glimpse of what a loan is all about, its kind, and how it works.

The Basics Of 200 Loans

There are many types of loans offered by private lenders, banks, and other main street loan providers; each, with differences and similarities. It is normally given to loan seekers who have successfully met their criteria, including a stable source of income, a working bank account, and the right age. A loan agreement protects it; the said loan contract is signed up and acknowledged by both the lender and borrower. It includes the loan’s terms and conditions, repayment date, fees and penalty charges, etc. Every company has their own policy that must be discussed with the loan seeker before they sign up, in return, they must comply with the agreement; otherwise, it will result to a lower credit remark or worse, a court judgment against them.

If you’re planning to apply for 200 loans or a higher loan amount, you must comply with the basic criteria including the:

  • Age (borrowers should at least 18 years old and above)
  • Residency (borrowers should be a UK resident or citizen)
  • Bank Account (borrowers should have a working bank account under his name0
  • Stable Source Of Income (borrowers should be employed or at least, own a business)
  • Alternative Source Of Funds (in case the borrower is unemployed, he should provide a proof of another source of income, such as pension, benefits, or alimonies)

Small credits, such as 200 loans, often ask for minimal prerequisites, including a payslip or other documents that would prove his capability to settle the loan. Having an active bank account is necessary because it’s useful for the loan’s overall transaction. The lender sends the money to your bank account once you’re approved, so you don’t need to visit their loan office just to get the amount. You can also settle the debt by giving the lender an access to your bank account. On the agreed repayment date, the lender will withdraw the loan amount to repay the loan.

benefits of 200 loans today

200 Loans Options Available In The Market

A good or excellent credit remark implies that you’ve been a responsible payer before, and as a reward, the lender provides a better deal. A bad credit score, on the other hand, makes creating a new line of credit difficult. However, every bad credit borrower still has a chance to acquire the loan he needs.

Below are some of the loan options available in the market, depending on your financial situation:

Bad Credit Personal Loans

This kind of 200 loans is designed for borrowers with a bad credit rating. This means that their credit report has recorded default, arrears, late payments, CCJs, bankruptcy, and the like. It can be used for any purpose, as the name suggests, such as buying groceries, paying for utility bills, traveling, etc. You can borrow it unsecured or secured; unsecured means you don’t need collateral to back up the loan while secured means using a security or an asset against the loan.

Business Loan

If you’re a business owner who wants to expand the business, buy new machines, or have an additional fund for other expenses, this loan comes handy. The loan is offered for all types of commerce – small, medium, or startup. Once approved, you can borrow an amount ranging from £50,000 to £1,000,000, depending on the loan’s terms and conditions and the lender itself.

Car Loan

Purchasing a property, such as a new car is expensive, and not everyone can handle the entire repayment. Luckily, there are loans which are offered in two ways: Hire Purchase and Manufacturer’s scheme.

With Hire Purchase, you are literally hiring the vehicle from a dealer and it will go on until you’ve fully settled the loan. Even if the repayment isn’t completed, you can take the car home and use it. However, you are not still the owner of the car unless you have fulfilled the entire loan amount.

On the other hand, Manufacturer’s scheme works by arranging with the car manufacturer or with a local dealership. Like Hire Purchase, the ownership will only be transferred when you’re done with the debt. In case you decided to default on the loan, the vehicle will be rightfully repossessed.

Cash Loan

Quick loans, 200 loans, payday loans, cash advance – these are just some names of cash loans. It is one of the most popular loans nowadays mainly because of the convenience and accessibility it provides. It is normally used as a resort by people who are running short and in need of immediate funds. The amount given is smaller than the regular loans, amounting to £80 and £400. It is usually settled within two weeks or on the next payday in one lump sum, although there are loan providers who allow loan extensions or rollover. It is convenient in some ways, however, extending the loan means welcoming new charges on top of the original loan amount, interest, and fees.

Debt Consolidation Loan

Having multiple debts is usual for more borrowers, especially with the economy nowadays. However, this doesn’t mean that the debt problem is settled right away. There are many borrowers who are having a hard time fixing their finances. Luckily, this type of loans helps those who want to repay all the outstanding debts and improve the credit remark. It works by combining all the accounts into one, lower-interest credit. In case you’re not granted this kind of loan, you can negotiate with your current lender and ask if they can adjust the repayment term or waive some fees.

why choose 200 loans

3 most recent personal loan reviews

Review of Credit My Funds

Simply amazing! Quick, professional and understanding. Great agents over the phone. Thanks for helping me again!

Review posted by Shah Azad, Brighton

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Money Supermarket

The best and more serious loan company, Moneysupermarket without a doubt! Fantastic customer services and great communication , lots of good advice in how to manage your loan and very reasonable rates in accordance to your possibilities. Perfect for that extra pending project without making a big dent to your monthly income. Highly recommended!

Review posted by Maria Bidell, Manchester

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Giff Gaff Money

This has proven to be an excellent service. Quick, efficient and trusting.I would definitely recommend Giffgaff loans to friends and family in the future.

Review posted by Donna Blanford, Glasgow

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

All Reviews have been acquired from https://uk.trustpilot.com/ to guarantee authenticity.