Warning: Late repayment of payday loans can cause you serious money problems. For help, go to moneyhelper.org.uk
Rates from 12.9% APR to 1721% APR. The minimum Loan Term is 3 months. The maximum Loan Term is 36 months.
Representative Example: £1,000 borrowed for 18 months. Repayment of 17 Months at £87.22 and final repayment of £87.70 The total amount repayable is £1570.44. Interest amounts to £570.44, an annual interest rate of 59.97% Representative APR: 79.5% (variable)
Please note: We are a broker, not a lender, and do not make credit decisions.
Subject to application being approved by the lender. Not all lenders are able to provide up to £5000
If you are looking for a small loan under £500 pounds we recommend getting a short-term payday loan. Payday loans can be very useful if you borrow a small amount and pay it back straight away. Like all loans, you should never take a loan unless you really need to. Online quick loans should only be taken out to help with emergency situations, where a small loan is required to help pay.
On this £100 loan, £200 loan, and £500 loan page, we will show a comparison of different payday loan amounts, and the total amount of interest payable. This is to demonstrate the importance of finding the best rates available to you and that you only borrow the amount of money that you need.
Please note that these results are using a representative APR which may vary and are not personalised.
In this comparison, we have searched for £100 loan to be paid back in 30 days and using the website https://paydayloans.money.co.uk/ (data as of 07/10/18).
The results have shown the 100 pound loan direct lender with the lowest rates are offering a £100 loan with a representative APR of 378% with a total repayment of £113.50. This gives a total cost of interest of £13.50 to be paid back on the loan.
The 100 pound loan direct lender with the highest rates has a representative APR of 1575% and a total repayment of £138.54. This is an interest repayment of £38.54.
The difference between the highest rates and the lowest rates is £25.04.
We carried out a similar comparison to the £100 loan but with a £200 loan instead, using the same website.
The lender with the lowest rates on the 200 pound loan has a representative APR of 378% and the total repayment was £227. The interest repayment was, therefore, a total of £27.
The lender with the highest rates on a 200 pound loan had a representative APR of 1575%, the total repayment was £277.08 with a total cost of interest to repay is £77.08
The difference between the highest rates and lowest rates is £50.08
As above, again we used the same website and changed the loan amount to £500 pounds.
The lender with the lowest rates on the £500 loan had a representative APR of 378% and the total repayment is £567.50 with a total cost of interest being £67.50.
The lender with the highest rates had a representative APR 1575% and the total repayment is £692.71. The total cost to borrow this amount was £192.71
The difference between the lowest rates and the highest rates is £125.21
Below, you can see a visual comparison between a 100 pound loan and a 500 pound loan.
What does this show?
Well if you are looking for a very bad credit loan with no guarantor then this shows the importance of borrowing exactly how much you need and not taking more just because you’re getting a loan. Bad credit customers will more than likely be paying the highest rates.
So if you are thinking of taking an extra £200 for a bit of retail therapy or to head out for the weekend, we would strongly recommend you seriously consider this as you could end up paying an extra £76 in interest alone.
The more money you borrow, the more important it is that you get the best rates to your circumstances. As you can see from the £500 loan comparison, the difference from the lowest rates to the highest rates is £125.21. So if you are searching for Christmas Loans, make sure you shop around.
No matter what type of situation you find yourself in, we can help you get cash now and with a great rate. Whether you want a 100 pound loan with bad credit or a 200 pound loan with bad credit, we can help.
Pingtree loans through 1stclassloans.co.uk will guarantee you get the best rates from a large panel of lenders, which is one of the largest panels of lenders in the UK made up of around 40+ FCA approved lenders.
See our £50 payday loan direct lender page.
Many people seek out 200 pound loan with no credit check, but unfortunately, these aren’t really a thing – every direct lender will do some sort of check on you. Fortunately, though, when you work with us, we can do a soft search that will not affect your credit score! This holds true whether you’re looking for a 500, 200, or 100 pound loan with bad credit.
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[email protected] £100 to £5,000 Here at 1st Class Loans, we strive in providing a seamless, online service to all of our customers, in their search for an online payday loan. Our business model is designed to provide such a first-class service, that our customers would be happy to recommend to others. We aim to be your number one choice for your financial needs in the market.WHAT SERVICE DO I GET WITH 1ST CLASS LOANS? Our introductory service provides you with a simple and fast online lending application process, providing you with an instant online decision for your payday loan.The security of your personal data is important to you, which makes it a priority to us. That's why 1st Class Loans does not retain any of your personal information. We will only ever ask you for personal details which relate to your loan application and nothing additional for research or marketing purposes unless you want us to. If you're not satisfied � we're not. Please tell us if you feel there is anything that we can do to improve your experience by visiting our Contact Us