A quick £200 loan can be useful in many situations, that’s why at Fast Loan UK we can help you as a reliable and trustworthy lender. If you are someone who has struggled with being approved by other lenders, we can assist having helped many people apply and get approved for £200 loans.
As a direct lender of £200 loans, we have a unique approach to assessing your application and we provide unparalleled customer service – you want a fast way to borrow, and we can work quickly to help you. We are genuinely here to help every customer get the funds they need, assigning a personal Customer Care manager who can be reached directly at any point during the application process. It’s this personal approach that makes us different to other online lenders.
So, if you need help quickly and a £200 loan would be ideal to resolve your short term position, click apply now to start your application. We offer a completely transparent application process, and if approved, you could receive the funds the same day where possible. Learn more about our short term loans below.
Get a Fast 200 Pound Loan in Minutes
Here at Fast Loan UK, you can get a £200 loan without having to go through a lengthy application process. Fast is in our name, and we don’t want to keep you waiting, especially if you need an emergency loan for a bill or unexpected expense.
To help you decide if a £200 loan from us is the right choice for you, here’s what you can expect.
- Simple, Unsecured Lending – our loans are unsecured meaning we won’t ask you to provide a guarantor if you have a poor credit score, or any collateral such as with a secured loan. If you are someone with a poor credit history that has been declined elsewhere, we may still be able to help you today with a flexible £200 loan.
- Flexible, Affordable Repayments – whilst other lenders of payday loans may ask you to repay the full amount, plus interest and fees, on your next payday, we provide flexibility on your repayments. You decide how long you want your 200 pound loan term to be – first-time borrowers can choose up to 8 months to repay, whilst returning customers can choose up to 12 months. This helps to make repayments more affordable and easier to sustain. We give you control over your loan, so if you prefer to repay faster, you have the option to choose a shorter term if you want, or simply repay in full earlier during the term.
- We’re a Direct lender - when we say we’re a £200 loan direct lender, this means we lend our own money and make our own lending decisions, providing a fast service overall. There are no third-party lenders such as with a credit broker, and no hidden fees to worry about with us. At Fast Loan UK, not only do we not charge any fees for setting up your loan, but you’ll always have a direct line of contact with us, with your own friendly personal Customer Care manager who’ll look after you for the entire duration of your loan. Any questions, please ask!
If you need a fast service from an FCA approved direct lender, choose Fast Loan UK today. Click apply now to start your application and get a decision in minutes on a £200 loan.
Your Trusted Direct Lender
We’re dedicated to providing a service that is trusted by our customers. Whether you are using us for the first time, or have borrowed an instant loan from us before, we can ensure you will be treated fairly. There are no robots making automated lending decisions here – we provide a human approach to lending that ensures we assess your finances as a whole rather than just your credit score. That’s why we are favoured by those with poor credit histories who can afford the repayments on the loan they need.
Whether you have a poor credit score or have a history of CCJs, arrears or defaults in the past, you’re welcome to apply for a £200 loan here at Fast Loan UK.
Credit Checks & Affordability Assessment
Whilst we do not base our lending decision on your credit score alone, we will still run a credit check as part of your application. This is a requirement of all FCA approved lenders and helps us to understand your credit history. If we cannot determine whether the loan will be affordable for you, we will have to decline, but this is why we also assess your affordability. This means if you have a low credit score, you may still be eligible if we can see you can sustain the repayments.
Am I Eligible for a £200 Loan?
It’s straightforward to apply for a loan here at Fast Loan UK, so if you want to start your application today for a 200 pound loan, you will need to check that you meet the following eligibility first:
- You’re aged 18 years or over
- You’re a current UK resident
- You receive a regular income from full or part-time employment
- You have a valid bank account and debit card
If you can meet the above without any issue, click apply now and use our loan calculator to see how much a £200 loan will cost for the repayment terms you need.
How to Apply for a £200 Loan Today
To begin an application, the process is straightforward and can be started from a computer, mobile device, or tablet – anywhere you have reliable internet access. If you are out and about and need a £200 loan in an emergency, simply visit our website from your device and fill in our application form in no time at all. It's quick and, if you’re approved, you could have the money in your bank account within just 10 minutes (as long as your bank or building society can process Faster Payments).
Choose the Amount - if you need a loan larger than £200, you can select this before continuing. You should consider that taking out a loan for more than you need will mean you pay back more interest unnecessarily. We offer loans starting from just £50, in increments of £10, meaning it’s easy for you to keep the cost of your loan down and still have affordable repayments.
Repayment Frequency - choose whether you’d like to repay your £200 loan in a one-off payment, or with weekly or monthly instalments. You can also choose the repayment date yourself – we recommend matching it up to your usual pay date, so you know you’ll always have the money to cover the repayments.
Repayment Length - select how long you want to repay your £200 loan for. Our handy loan calculator will show you exactly how much your loan will cost each month and the total amount overall including interest. You can change the loan amount and term to adjust, making it easy to apply for a loan that works within your budget.
If we need any more information once you’ve submitted your application to approve your £200 loan, you’ll receive a quick phone call from your personal Customer Care Manager – this shouldn’t take more than five minutes. Once approved, your 200 pound loan is sent directly to your bank account without delay.
Your £200 Loan Repayments
We’ll set up a Continuous Payment Authority (CPA) to collect the agreed repayments directly from your bank account. We’ll never take more money than we’ve agreed in the loan term or move a repayment date without your knowledge. All you have to do is ensure enough funds are cleared in your account before the due date.
If you’re ever worried about missing a payment on your 200 pound loan, known as ‘defaulting’, simply call your personal Customer Care Manager. We may be able to move or reschedule that payment to help.
If you don’t let us know in advance, you may be liable for a one-off default fee, which is capped at £15. Defaulting on your £200 loan, as with any loan, will have a negative impact on your credit score and can make it more difficult to receive credit in the future, which is why we do our best to help you avoid this.
Beware of £200 Payday Loan Scams
At Fast Loan UK, we will never, ever ask you to send us money before you can get a £200 loan, or ask for any unexpected payments during your loan term. This would be a big red flag that you’ve been contacted by a scammer. If you’re ever unsure, don’t give out any information. Contact your personal Customer Care Manager directly and securely, and we’ll be happy to assist you.
Your data security is of the utmost importance to us, and we never pass your information on to third parties (unless you’ve given us express permission). We also use a completely secure server, and all your personal and financial information is safe with us. To double-check you have a secure connection, simply look for the padlock symbol in the address bar of your browser, and that you’re on our secure website address: https:/www.fastloanuk.co.uk.
Apply For 200 Pound Loans Today
If you would like any more information about our £200 loans, or have any questions about the application process and how we make lending decisions, don’t hesitate to contact us. We understand it’s important for you to be able to talk directly with your lender whenever you need to, and we’re available 7 days a week via phone and email.
Once you’ve decided if our £200 loans are right for you, simply apply now to receive a near-instant decision.
Fast Loan UK representative example:
Borrow: £500 over 16 weeks. 4 repayments of £183.59. Total amount payable £734.36. Interest rate: 151.4% pa (fixed). Representative 766.18.% APR.
£200 Loan FAQs
Do you provide £200 loans for bad credit?
If you are someone with ‘bad credit’ or a poor credit history, and need a small cash loan, we may be able to help where other lenders can’t. As long as you are not currently declared bankrupt, and you can afford the repayments required for £200 loans for bad credit, we can consider your application. We cannot guarantee approval, but if we can determine you can sustain and afford the loan, you could be approved today.
What can I use a 200 pound loan for?
You can use the funds from a loan for many different reasons, but many of our customers find they are useful for paying unexpected bills, financial emergencies, or for when they are short on cash before their next salary date. As responsible lenders, we need to ensure the loan is right for you, so you should only apply if you really need the loan and have no savings or other ways to help your situation. You shouldn’t use a short term loan to pay for other debt repayments or non-essential purchases.
How long can I borrow a £200 loan for?
Depending on if you are a new customer or someone who has borrowed from us before, and repaid your loan in full, the repayment options will differ. You can choose to spread repayments for up to 8 months as a new customer, and for those returning customers, you can choose up to 12 months. You should always choose affordable repayments and the shortest term length possible. This way you can avoid having the loan for longer than necessary.
Will I get the loan funds on the same day?
In most applications that are approved, we can transfer the loan funds within 10 minutes of signing your e-documents. This will depend on the time of day your application is received. If we cannot process it the same day, you will receive any approved loan funds the following working day. Your bank will also need to accept Faster Payments for same day transfer.