Small Loans

Representative Example:

Borrow £3,500 over 12 months, repay £311.81 per month, total repayable £3,731.96. Interest rate 12.7% (variable). Representative APR 12.7%.


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 designed for financial emergencies and 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 £1,000.


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 and should you be approved, we can also fund your loan on the same day, paying into a nominated bank account. Many lenders in the UK don’t let borrowers apply for true little loans and often predetermine the amounts you can borrow, which may well be higher than you actually need.

Apply today for a £1,000 to £10,000. We consider all applications and our friendly UK based team will be happy to assist.

Small Loans for Bad Credit

Small loans for those with bad credit are an important type of short term loan, as they allow 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 financial troubles in your past, doesn’t mean you should necessarily be excluded from money you may desperately need.

Having bad credit also means that many borrowers may be more aware of their limitations and how much they can realistically afford from past experiences.

What are Small Loans Used For?

As with all other forms of short term loan, there are many uses for small loans and 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, for example a credit card arrives when you cannot afford it, you may be required by the lender to pay a minimum payment towards the total amount owed. Missing payments can further damage your credit rating and chances of future loans, so these payments need to be made as a priority. A small loan can give you the breathing room to pay your minimum payment as you get your finances together for the future.

Emergency Repairs – It may be your vehicle, your boiler, a leaky roof or otherwise. Whatever the emergency repair needed, it is of paramount importance that 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 colder winter months.

Nowhere Else to Turn – You may have asked friends and family to lend you money but they are unable to. It is otherwise very common for people to be too embarrassed to ask for financial help from those nearest and dearest. We provide applicants and customers with the utmost privacy as 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 those of people with bad credit, County Court Judgements (CCJ) and financial issues from the past. However, 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 one stage in our lives. However, 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 as these are common amounts required to pay off a minimum payment commitment, sufficient for the immediate term.

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 at all, we have an easy to navigate online application process. Our process is logical and straightforward, allowing you to apply for a small loan from the comfort and privacy of your own home.

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

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 types of loans, including payday loans for bad credit, work that the lender provides the approved amount in a single payment to the borrower who then repays that amount [the loan capital] plus interest by a particular due date, agreed between the two parties.

Some forms of small loans in the UK however, provide a form of short term credit facility whereby a facility is granted to the borrower who may then draw down [withdraw] as much or as little as is needed on a recurring basis; they only repay the amounts actually taken out. This is similar to how credit cards work with repayments and interest only applicable to what is actually used.

Our loans function as traditional loans, meaning you get the money in your account upon approval and then simply need to repay your loan amount over the agreed time-frame.

Apply for Small Loans

We offer loans from as little as £1,000. With no guarantor needed, instant decisions on applications and same day funding via BACS available. You can repay over 6,9,12,18 or 24 months and you can even repay early with no penalty fees.

Representative example:

Borrow £3,500 over 12 months, repay £311.81 per month, total repayable £3,731.96. Interest rate 12.7% (variable). Representative APR 12.7%.

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 £10,000.

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.