Representative Example: Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).
At Boutell, we understand that a lot of our customers apply for our loan products to stay afloat until their next payday. Sometimes a little money, makes a huge difference. Even a sum as small as £100 can be the difference between making ends meet or facing unsurmountable charges. Be it due to an unauthorised overdraft, exceedance of credit card limits or any other fee or penalty that some lenders like to impose. Often at the earliest opportunity.
We also appreciate that not everyone has a perfect credit score. And even borrowing a little amount such as £100 can often be a challenge. But we’re here to help. We are partnered with numerous FCA regulated, UK based lenders who can offer £100 loans to those with a low credit score. Even if you suffer from bad credit and have been refused a loan elsewhere, we can assist. We don’t discriminate and everyone is welcome to apply, regardless of their credit rating or status.
Representative Example: Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).
In the past, short term loans for small amounts of money such as £100 loans were referred to as payday loans. As the name implies, these loans were designed and created to bridge the gap between when you need cash now and your next payday. Small amounts of cash to cover various unexpected bills and expenses, or simply just tide you over until your next payday. They provided a much-needed service to many, but some found repaying the loans so quickly a struggle. Thankfully, rules and regulations changed. And whilst the payday loan as a product is still as popular as it once was, the new rules have brought about a focus on fair customer treatment and responsible lending on the part of the lender. And afforded the consumer longer repayment terms and more favourable interest rates.
The loans we offer at Boutell can be repaid between 1 month (like how payday loans worked previously) or 36 months (3 years). This term range allows the consumer to properly determine affordability and budget their repayments accordingly. This should hopefully help avoid any late or missed payments (and subsequent charges or credit score damage). All lenders must offer terms of this nature but of course, the longer the period you take out the loan over, the more interest will be accrued. Boutell however works with lenders who offer favourable interest rates for shorter term loans. So, for smaller amounts such as £100, the interest added, particularly if repaid quickly, should be minimal.
There are many benefits to choosing Boutell and numerous advantages to using our loan matching and brokering system to facilitate your borrowing request. And on top of that, our customers love us. We’re industry leaders in the short-term lending sector and have been operating various brands for over 10 years. We know the industry, we know our customers and we know how to get you fast cash, when you need it most in a fair, safe, and responsible manner. Here are just a handful of reasons on why we feel Boutell is the right choice if you want to take out a loan for £100 today.
If you would like to get started, head over to our loan application page. We only request the most basic information, and you can complete our application in under 2 minutes if you have your details to hand.
As a loan broker, we’re somewhat biased admittedly! But we believe that to get the best deal, you should compare and consider several options before making an informed and educated decision. That is essentially what our lender matching system does, but it all happens seamlessly, behind the scenes and in a matter of minutes. Upon submission of your loan application, our system will submit it to multiple lenders. We’ll then automatically determine which is the best option for you. You will then be presented with a tailored loan deal. And you can choose whether to accept the agreement. The key advantage of using a broker for such a service is the sheer volume of direct lenders considered. Some of which specialise in lending money to people with poor or even bad credit. This often affords a higher approval and acceptance ratio versus just applying to a single, solitary lender.
But going direct has some advantages too. You may get a better deal if you can pick up the phone or even meet with a lender face to face. Someone you can specifically discuss your requirements with instead of using an automated system. Some direct lenders also offer deals and promotions to people who come to them directly rather than via comparison engines or brokerage systems also. There is no right or wrong, good or bad solution. It’s a matter of personal preference and ultimately your own knowledge of how likely you are to get approved.
All the loans we offer are cash loans for any purpose. This means that there are no restrictions on what you spend the money on (of course it must be legal!) but nothing is tied to a specific purchase such as a car or property. All that is asked of you is that you adhere to the terms of the loan agreement and make your repayments in full and on time. Below are some of the reported usages our customers have provided to give you an idea of what £100 loans can typically be used for. This is not an exhaustive list, nor must you use a loan for anything listed specifically.
Typical month to month costs that you need to cover but might be a little bit short on this month. It happens to all of us and in some cases, even a loan for an amount as small as £100 can make all the difference. You will not be asked why you need the loan or what you intend to spend the money on. Nor will you be required to provide any kind of proof as to where the money went. It’s yours to do as you wish, but please borrow responsibly. Do not borrow money online you don’t need or more money than you cannot safely pay back without leaving you short in other areas. It’s situations like these which can often lead to a debt spiral that can be a real challenge to recover from financially.
At Boutell, we specialise in facilitating loans for people with bad, poor, or low credit scores. The payday lenders we’re partnered with consider affordability primarily. Income minus expenditure as a key component when determining an applicant’s eligibility for a loan. Unlike a high street lender that may base an entire application on a credit score or report. We believe that this can sometimes lead to an unfair assessment of a person’s creditworthiness. Particularly if it’s an automated system determining that someone shouldn’t be accepted for a £100 loan due to a missed payment on a credit card 6 years ago. The system can be unfair, but fortunately we work with lenders who also understand this. Safe, secure, reliable, and trustworthy lenders who can help get you the money you need, when you need it.
If you wish to apply for a loan with bad credit, the process is entirely the same. Same application form, same lender matching system, same lenders. We do not ask you any different (or additional) questions simply because you suffer from bad credit. Nor do we restrict the loan amounts and terms offered. We even partner with the same group of UK based direct lenders. All of which cater for customers with a less than perfect credit score. On occasion, a lender may offer you a lower amount or a varying term because of a soft credit or affordability check. But that is the only notable difference. You are of course under no obligation to accept such an offer. And no lasting mark will remain on your credit report because of the soft search.
But it doesn’t stop there. On approval and acceptance of the loan you will not be treated any differently to our good credit customers. Boutell and its partners strictly adhere to the guidelines set out by the FCA on the fair treatment of customers and responsible lending frameworks. Whatever your credit score, history, or background, we’re happy to have you as a customer and we welcome your loan application.
Some customers would prefer to avoid a credit check entirely and often request loans without a credit check. Unfortunately, this is not possible as all UK based, FCA authorised credit brokers and lenders must conduct a credit check of some kind. Even for amounts as low as £100. Typically, upon submitting your application a soft search or pull is performed. This is to make sure that you are who you say you are and to check basic affordability requirements. This type of search does not leave a lasting mark on your report and is something that will be performed by all lenders. Anyone claiming otherwise is either not authorised or is advertising a service which doesn’t exist. The information a lender will see in such a check is like what you see when you request your own report from a Credit Reference Agency such as Experian. A hard search may be performed after approval, however.
But the above is not a bad thing and shouldn’t be considered so. Those who practice responsible lending want to make sure you’re able to afford a loan. For your benefit as well as theirs. They do not want to see you lumbered with a loan you’re unable to pay back. This is not in the best interests of either party. And as touched on above, our partners do not consider your credit score the be the definitive metric when determining acceptance. You may even be eligible for a £100 loan with no credit rating whatsoever assuming you have a suitable stream of income.
In short, yes. Whilst £100 is the lowest amount we offer at Boutell we also feature a range of other loan products and terms which you’ll perhaps find more suitable. All the loan products we offer can be applied for online and feature instant on screen decisions with fast, same day transfers. No guarantors are required, and all loans are paid in cash, for any purpose. We’ll run through our specific loan amount and terms below.
Boutell offers loans from £100 – £5,000 which can be repaid over 1 month to 36-month terms. You can specific the amount you’d like to borrow during our application process in increments of £100. On occasion, a lender may offer you a lower amount than what you requested because of your credit score or affordability calculations. You can then choose whether you would like to accept and proceed with the loan agreement.
If you suffer from bad credit, it’s highly unlikely you’ll be approved for a larger amount so please consider your credit status during the process. You will not be able to alter the amount requested after submission, so please have in mind specifically how much you’d like to borrow and over how long. And have your personal details to hand also.
The entire application process takes around 5 minutes which consists of an estimated 2 minutes to complete the form itself, 2 minutes for our system to match you with a direct lender and a minute or so to review the loan agreement and terms presented to you. Should you choose to accept the agreement, the lender will transfer the funds to the bank account specified at their discretion. This usually occurs on the same day as your application unless you apply on a weekend or bank holiday in which case it may get processed the following day.
Below we’ll outline our basic eligibility requirements should you wish to apply for a £100 loan today. You must meet all of the requirements for us to begin processing your application. As well as your basic personal details, you will also be asked to provide details of your income, expenditure and income source. This is to determine affordability. You will also be asked to provide a bank account number. This is so the loan funds can be transferred to you should your loan application be successful.
A particular amount of income, credit score or status is not required to apply. Everyone is welcome at Boutell.
If you are struggling with debt or are unable to service your loan repayments, you might want to consider reaching out to one of the UK’s leading debt charities. Please visit the websites below for free, impartial help and advice.
Please remember when taking out a loan, even if just for £100, you should always make sure you can afford the repayments and have the necessary cash flow to pay it back on time.
