£200 Loan - Borrow 200 Today

Looking for a £200 loan to help fund a financial emergency? Cashflex could help you search.
Our service is free to use, and quotes are no-obligation.

Could Cashflex help me search for a £200 loan?

Cashflex is a credit broker, working with a large panel of lenders who offer personal loans from £100 to £10,000.
We would be more than happy to help you search for a £200 loan to suit your individual financial needs.

Before you complete our straightforward online form, you’ll just need to make sure that you meet the eligibility criteria.

You must:

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

Searching for a £200 loan with Cashflex - how does it work?

We’ve included a breakdown of what you can expect from the Cashflex process.

1. Use the slider on our website to select £200 and choose a repayment term.

2. Tell us a little bit about yourself by filling out our online form. This should take no longer than five minutes.

3. In just 60 seconds, we’ll run a soft search on your financial information, with no impact to your credit score, and scan our panel of lenders for a match.*

4. If we’ve found you a suitable loan, you’ll be redirected to the lender’s website, where you can find out more. Please note that being matched with a loan does not automatically mean that you will be approved. Should you choose to go ahead and make a full application, the lender will carry out further checks, including a hard search.

5. If the lender is happy with the outcome of their checks, you’ll be sent a loan agreement. Read through this carefully before deciding whether to sign and return.

*A soft search won’t leave a footprint on your credit file; however, a hard search will remain on your credit record for up to 12 months and will affect your credit score.
Undergoing multiple hard searches within a short period of time could have a negative effect on your credit score.

I need £200 fast – how long will it take to get my loan?

Payout time frames will vary between lenders. If you’re urgently in need of money (for example, you have a bill to cover), you may wish to discuss payout timescales with your lender before you apply.

Some of the lenders on the Cashflex panel are able to send your money on the same day as your application is accepted, although the time it takes for the money to become available in your account will depend on your bank’s policies and procedures.

A loan is a serious financial commitment, so before you apply, you should carefully consider any options that may be available to you. For example, do you have any savings that you could use to cover the cost of the expense? Is it a possibility to borrow money from friends and family, who may be willing to charge no interest, or a lower interest rate than a high street lender?

Can I get a £200 payday loan?

Cashflex does not work with any lenders of payday loans. Instead, the lenders on our panel offer short-term loans with repayment terms ranging from 3 to 60 months, depending on the amount of money you apply to borrow.

How long will I have to repay a £200 loan?

You can search for a £200 loan with Cashflex over repayment terms of either 3, 6, or 12 months.

I have bad credit; what are my chances of getting approved for a £200 loan?

Getting approved for a loan when you have bad credit can be tricky, although there may be some options. Several of the lenders on the Cashflex panel specialise in loans for those with poor credit and would be willing to consider applications from people with a range of credit scores.

When applying for a loan with bad credit, it’s important to be aware that you may be offered a higher interest rate. You may also find that your borrowing options are somewhat limited; for example, you might not be approved to borrow as much money as you need.

Will improving my credit score increase my chances of being approved for a £200 loan?

Generally, the better your credit score, the better your chances of being approved to borrow credit, although the lender’s decision will be made based on a number of factors, including eligibility and affordability checks.

If your need for a £200 loan isn’t urgent, you may wish to work on improving your credit score before you apply.

How can I improve my credit score?

Fortunately, there are many ways to work towards a healthier credit position, including:

• Registering to vote;
• Keeping your credit applications to a minimum to reduce the number of hard searches on your credit file;
• Paying all your bills on time; and
• Making sure there are no errors on your credit report.

If you have a credit card, you should aim to stay well within your credit limit; keep your credit utilisation as low as possible; and avoid using your credit card to withdraw money from cash machines.

Can I apply to borrow more than £200?

With Cashflex, you can search for a loan up to £10,000.
should never borrow more money than you need.
Always ensure that the loan you apply for is affordable to you, and bear in mind that interest will be included in your monthly repayments.

What happens if I make a late repayment on my £200 loan?

Late and missed repayments could result in fees and additional charges. Your credit score is also likely to suffer, which could affect your chances of approval should you need to apply for credit again in the future.

I’m struggling to repay my £200 loan; what are my options?

If you’re having difficulty repaying your £200 loan, you should contact your lender. While this may be the last thing you feel like doing, it’s a really important step. Your lender is not there to judge you or your personal situation, and they will be keen to work with you to come up with a plan moving forward.

Looking for money advice?

Free money and debt management advice is available through a number of charities and organisations, including StepChange, MoneyHelper, Citizens Advice, and National Debtline.