Financial emergencies can happen at any time to anyone. Whether it’s urgent car repairs or an unexpected rise in household bills, you may not have enough money in your account to cover it. This is where a short-term £100 loan can help.
A £100 loan can tide you over until you’re next paid or until you find other funds. You can pay off urgent expenses and repay your loan over a short period of time. Although there’s no guarantee you’ll be accepted for a loan, we’ll try our best to match you with a lender who can provide you with the right loan and repayment plan for your unique circumstances.
Here at Tendo, you can quickly and easily apply for £100 loans using our online application form. Our lenders consider applicants with all credit types, which means you could be accepted for a £100 loan even if you have bad credit.
We believe you should be fully informed when it comes to making important financial decisions. Continue reading to find out how you can apply for a £100 loan and what the money can be used for.
What are £100 loans?
Sometimes you need a small short-term loan to help you overcome a cash flow problem. A £100 loan can help you cover small urgent expenses such as food shopping, car maintenance and vet bills.
Key characteristics of £100 loans include:
- Short term: repay the loan over a few months
- Higher interest rates: pay more interest than other traditional loans due to the short repayment term
- Online application: straightforward application form which is user friendly and easily to apply for a £100 loan using our online application.
If your application is approved, the money will be paid directly into your bank account. Our lenders usually expect loans to be repaid in instalments rather than in a lump sum. However, we will try to match you with a lender who suits your individual needs.
Why choose Tendo Loan for a £100 loan?
Our lenders’ lending process is fast and simple. We work closely with a panel of over 50 lenders to help our customers get the right loan and repayment terms to suit their individual circumstances. Our lenders offer flexible repayment terms from 3 to 36 months. You can borrow from £100 to £5,000, depending on your personal and financial situation.
While we will try our best to match you with a suitable lender, your application for a £100 payday loan isn’t necessarily a guaranteed approval. Our lenders will only approve a loan once they have reviewed your unique circumstances and assessed whether you can afford to make the regular repayments. You will be offered a no-obligation quote and can decide if you want to accept it or not.
Can I still get a £100 loan if I have bad credit?
Many of our lenders consider applications from individuals who have a bad credit score. This means you could be accepted for a £100 loan with bad credit if the lenders think you will be able to afford the repayments and repay your loan on time and in full. If you make repayments on time and pay the loan back in full, it could help improve your credit score. However, missing repayments or paying them late will negatively impact your credit score and history.
What types of loans are available for borrowing money?
If you need emergency loans, instalment loans or a £100 payday loan, we can help. Our loans are designed to be flexible and help you pay for urgent expenses. We don’t offer longer term loans, which means you won’t be repaying your loan over a long time. You could repay the loan over 3 to 36 months, depending on your unique circumstances and the lenders
What to do if you’re struggling with debt
Loans are a big financial commitment, so it’s important you shouldn’t regularly rely on them.
If you feel you are struggling financially then we suggest you contact specialist financial advice organisations who can be of assistance:
