£200 Payday Loans

£200 Payday Loans


489.4% APR

Representative Example: On an assumed loan amount of £750 over 12 months. Rate of interest 191.2% (fixed). Total repayment amount £1726.68 and total interest is £976.68. 12 monthly payments of £143.89. My Financial Broker is a broker, not a lender*.

* As a broker, we are unable to ascertain exactly how many customers take out a loan or the lender’s rate of interest particular to that customer, therefore our calculation is based on the mean APR of our panel of lenders.


If you’re hit with an unforeseen expense, and don’t have enough money to cover the cost until your next payday, a £200 loan could be a good option.

Two Hundred Pound Loans

When the unexpected happens and you’re unable to stretch your budget before payday, a £200 payday loan may be the simple and convenient solution for you. You can choose to repay your loan in one sum within 35 days, or if you want to spread the cost over a longer period, you can choose to repay in instalments with a short term loan.

One of the best things about payday loans is that because you’re only borrowing the money for such a short amount of time, you often won’t pay back too much interest overall. Considering payday loans are known for their high interest rates, this may sound strange, but as you only pay interest for the time the loan is open, the total interest probably won’t add up too much. For instance, if you were to borrow a £200 loan for 7 days, you’d only be paying a week’s worth of interest.

£200 Loans Online

Unforeseen circumstances can happen to anyone, whether it’s having to pay for a broken-down car or a household bill. If you need a small financial buffer before payday and cannot access traditional forms of credit, you may be able to borrow £200 loan.

My Financial Broker is authorised and regulated by the FCA, which means we treat all of our customers fairly. We don’t have any hidden fees and won’t charge you for applying for a loan. We can help you find a loan of between £100 to £2000 with flexible repayments options to suit your situation.

Colleagues walking to work

Can You Apply for a £200 Loan With Bad Credit?

When applying for a loan, short term lenders carry out a credit check and assess your credit history to calculate your creditworthiness and ability to afford the repayments. When you have bad credit, obtaining credit can be a challenge. Either you don’t meet the lender criteria or you’re charged high-interest rates. You don’t need to have a perfect credit score to apply for a loan with us. However, a poor credit history will affect the likelihood of your loan application being accepted.

In an emergency, it is important to receive a quick loan decision, and many lenders will offer instant loans. But in reality, lenders should be performing the essential checks on your application and credit file, which can take a little bit of time.

You should be cautious of lenders offering guaranteed decisions or promising loans today without any verification. A responsible lender will never offer a guaranteed loan without a credit check. A direct lender will always check a person’s affordability before accepting a loan application and will only lend to people who can afford to repay the amount they have applied to borrow.

How Do You Apply?

Our simple application is 100% online, simply fill out all the required details and we’ll do the rest! We will perform our initial checks before doing our best to match you with a suitable direct lender. Applying with a broker service can save you lots of time and undue stress when it comes to comparing lenders and seeing whether you meet the basic loan eligibility criteria.

As we work on a commission basis with our lenders, you won’t be charged a fee for using our services – it’s completely free!

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