£100 Loans

Cara Bradley

Written by

Cara Bradley

5 min read

Updated: 30/01/2024

No matter how hard we work to keep our finances in check, sometimes life throws us a curveball and leaves us out of pocket. If you unexpectedly find yourself faced with the cost of urgent car repairs or perhaps a microwave that’s suddenly decided to stop working, Viva Money may be able to help you search for a £100 loan.

How long will I have to repay a £100 loan?

Viva Money is a credit broker, not a lender. We work with a panel of trusted lenders, who offer £100 loan repayment terms of either three, six, or twelve months.

Who can apply for a £100 loan?

If you’d like to apply for a loan, it’s important to remember that each lender has their own eligibility criteria.
To search for a loan with Viva Money, you must:

  • Be over the age of 18;
  • Have a UK address;
  • Have a UK-issued bank account with a valid debit card; and
  • Have a regular source of income paid directly into your bank account.

Can I get a £100 loan with bad credit?

Getting approved for a loan of any amount with poor credit may be difficult, although it is not impossible.
There are a number of lenders on the Viva Money panel who specialise in loans for those with less-than-perfect credit scores.

A lower credit score may result in limited borrowing options. For example, you may not be able to borrow as much money as you’d like, and the interest rate you could be offered may be higher than the advertised rate.

Improving your credit score could increase your chance of approval and open the door to better rates of interest should you want to apply for a credit product in the future.


Can I get a £100 loan with no credit history?

Having no credit history at all is sometimes referred to as having a ‘thin’ credit file.
If you have a thin credit file, this could be because you have never paid bills or borrowed money before.

When deciding whether to accept a loan application, lenders will look at your credit history to see how you have managed your borrowing in the past. Lenders might view those with thin credit files as a higher risk, as they have no evidence of how you manage your money. With this in mind, you might find it trickier to get approved for a loan with no credit history and, if you are approved, it could be for a lower borrowing amount.

How can I improve my credit score?

There are plenty of ways to begin your journey towards a better credit score.

  • Pay your bills and any current credit commitments on time each month. Late and missed repayments are highly likely to lower your score.
  • Have you got a credit card? Be sure to stay well within your credit limit.
  • Check your credit report for errors. Recently moved house or changed your name? You’ll need to make sure your details are updated. Contact your credit reporting tool if you spot any errors.
  • Register to vote. Being on the electoral register makes it easier for potential lenders to verify you at your current address.
  • If you have a thin credit file, you might want to look into credit-building credit cards. Use a credit builder credit card responsibly by making small, manageable purchases and repaying more than the minimum amount due on time each month. Over time, when used alongside other credit-boosting methods, a credit builder credit card could help to improve your score.

How can I search for a £100 loan with Viva Money?

Here at Viva Money, we understand that financial emergencies are sometimes a part of life. That’s why our online form has been designed to be as straightforward as possible.

Step one

Choose your loan amount and term and complete our online form. This should take no longer than five minutes.

Step two

We’ll run a soft search credit check based on the information provided on your form, and scan our panel of lenders for a suitable loan for you.
Don’t worry – soft searches do not affect your credit score and will not be visible on your credit file to anybody but you, as well as the company who carried out the check.

Step three

If we’ve been able to find you a match, you will be redirected to the lender’s website for further checks, including a hard credit search. A hard credit search will show on your credit file; please be aware that too many hard searches over a short space of time could have a negative impact on your credit score.

Step four

If the lenders are happy with the outcome of their checks, you will be sent a loan agreement. You should read this thoroughly before signing. You should be 100% confident that you’re able to manage the required monthly repayments.
Once the agreement has been signed, your money will be sent to you.
Repay the loan with interest within your chosen term.

If I’m approved for a £100 loan, how long will it take to get the money?

Some of the lenders on our panel are able to send the money the same day your application is approved. The time it takes for the money to appear as available in your account will depend on your bank’s policies and procedures.

I’m worried about my finances. Is there anything I can do?

If you’ve taken out a loan that you’re struggling to repay, you should contact your lender as soon as you can. They are not there to judge you or your financial situation; instead, they’ll want to work with you to find a solution.

Try not to let your money worries consume you. Whatever you’re facing, you don’t have to go through it alone. We understand that talking openly about money can feel uncomfortable and, with this in mind, we’d like to share some websites that you may find useful. You can access free, impartial money and debt management advice on sites such as Citizens Advice, MoneyHelper, and National Debtline.

Viva Money and StepChange have created a MoneyHelper, and Money Health Check quiz, which can be taken online for free. Your answers will remain confidential, and will generate advice based on your financial situation, as well as tips on the next steps to take.