Small Loans

Representative Example:

Borrow £900 for 7 months. 1st monthly repayment of £187.92, 5 monthly repayments of £250.56, last monthly repayment of £125.27. Total repayment £1,565.99. Interest rate p.a. (fixed) 198.72%. RAPR 529.09%.


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

Small loans in the UK, sometimes known as ‘little loans’ are small personal short term finance arrangements. These loans are short term loans for financial emergencies. They are designed to help borrowers pay for expenses like car repairs and unexpected bills. They are so called due to the size of the amounts that lenders provide to customers. We are an FCA regulated direct lender of small loans online in the UK from £500.


How do Small Loans in the UK Work?

Applying with us is straightforward and no guarantor is needed. Simply fill in the required information and we will check your eligibility. We can provide you with an instant decision. Should you be approved, we can fund your loan on the same day, paid into a nominated bank account. Many UK lenders don’t let borrowers apply for truly little loans and predetermine what you can borrow, which may be higher than you need.

Apply today for a £500 to £1,000. We consider all applications and our friendly UK based team will be happy to assist.

Small Loans for Bad Credit

Small loans for bad credit are an important type of short term loan. They allow UK applicants those with less than perfect credit histories to be considered for money they may otherwise not be able to acquire. Just because you have had past financial troubles, doesn’t mean you should be excluded from money you may desperately need. Having bad credit can also mean borrowers may be more responsible in the future. More aware of limitations and how much they can afford from past experiences, can make borrowers more sensible with future small loans.

What are Small Loans Used For?

As with other forms of short term loan, there are many uses for small loans. They are generally designed to get you out of a financial rut and immediate debt. Common uses of small loans include:

Unexpected Bills – If an unexpected bill such as a credit card arrives when you cannot afford it, you may still be required to make minimum payment towards the total owed. Missing payments will damage your credit rating and chances of future loans. Thus, these payments need to be made as a priority. A small loan can give you breathing room to pay your minimum payment as you get your finances together.

Emergency Repairs – It may be your vehicle, boiler, a leaky roof or otherwise. Whatever emergency repair is needed, it is important you get it fixed as soon as you can. In the case of your vehicle, you may need it to commute. A boiler or home emergency is likely to require immediate attention to keep you and your family warm and healthy, particularly through the winter months.

Nowhere Else to Turn – You may have asked friends and family to lend you money but they are unable to. It is very common for people to be too embarrassed to ask for financial help from those nearest and dearest. We provide applicants and customers with privacy and discretion. We understand you may want to keep your financial affairs separate from your family and social life.



Am I Eligible for a Small Loan?

We consider all applications, including from people with bad credit, County Court Judgements (CCJ) and financial issues from the past. There are a few basic criteria which will give you a better chance of acceptance and these should be considered before you apply:

  • Be over 18 years of age
  • Permanent UK resident
  • Have a UK current account
  • Have a UK address
  • Be in some form of employment in the UK

£200 Loans and £300 Loans

We all fall upon hard times at some time in our lives. How you deal with these times is what counts and keeping your head above the water is key in all circumstances. Many people in the UK turn to £200 loans and £300 loans. These are common amounts required to pay off a minimum payment commitment, sufficient for the immediate term. Although small loans in the UK vary in their amounts, it is accepted that a few hundred pounds constitutes a small loan.

We are a direct lender, with no guarantor needed and immediate decisions on our loans. We also allow our loans to be repaid over a longer period of time (a few months) so that you are better able to afford the loan acquired.


How do Small Loans Online Work?

Rather than having to apply with a lender who lends you minimum amounts which are more than you may actually need, we have an easy to navigate online application process. Our process is straightforward, allowing you to apply for a small loan from the comfort and privacy of your home.

Shopping around for smaller loans can be tedious, with high street lenders and banks unlikely to lend such seemingly small amounts. We know the big difference such amounts can make to your financial circumstances. All we need is some basic details about you and we can give you a quick decision whether you are eligible for a loan. If we cannot offer you the loan you need, we work with a panel of FCA authorised lenders who may be more suitable for you.

What is the Difference Between Small Loans and Payday Loans?

Small loans and payday loans are similar to each other in many cases, whether they come from a direct lender in the UK or a broker. Usually, these loans, including payday loans for bad credit, work by the lender providing an approved amount in a single payment to the borrower. The borrower will then repay the money [the loan capital] plus interest by a particular due date. The repayment dates will be agreed between the two parties.

Some small loans in the UK can provide a short term credit facility where a facility is granted to the borrower. Much like a credit card, the borrower can draw down [withdraw] as much or as little as is needed. This can be done on a recurring basis; only repaying what is actually taken out. Our loans function as traditional loans. This means you get the money in your account upon approval and simply need to repay your loan amount over the agreed time-frame.

Apply for Small Loans Online

We offer loans from as little as £500. With no guarantor needed. Instant decisions on applications and same day funding via BACS are available. You can repay your small loan over 6,9,12,18 or 24 months and you can even repay early with no penalty fees.

Representative example:

Borrow £900 for 7 months. 1st monthly repayment of £187.92, 5 monthly repayments of £250.56, last monthly repayment of £125.27. Total repayment £1,565.99. Interest rate p.a. (fixed) 198.72%. RAPR 529.09%.

Payday Bad Credit is a trading style of Western Circle Limited – Company Registration Number: 7581337. We are fully authorised and regulated by The Financial Conduct Authority.
FCA full permission license: 714479
ICO Registration Number: Z3305234

Payday Bad Credit terms and conditions apply.

Applicants must be 18 or over. All loans are subject to affordability, applicant verification and traditional credit checks via various national databases by Payday Bad Credit responsible lending policy. Loan limit maximum of £1,000.

In most cases, loan decisions may take up to 30 minutes during office working hours.
If your bank does not support Faster Payments, funds will be sent to your account the same day as approval so long as you’re approved by 16:30.