Small Loans.

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Fast affordable online loans for bad credit scores.

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Representative 79% APR

Representative Example: Borrowing: £1200 for 18 months, Total Repayable: £1843.68, Total Interest: £643.68, Interest Rate (Variable): 79%. Rates between 9.3% APR to Maximum 1721% APR

The Money Shop is a registered trading name of New Horizons Finance Limited, which is an Introducer Appointed Representative of Flux Funding Limited, who are a credit broker not a lender. Loan repayment terms are between 3 and 36 months.

Warning: Late repayment can cause you serious money problems. For help, go to

Small Loans from £50 available online with no fees.

When you think of personal loans, you probably imagine a large amount in the thousands of pounds to cover a holiday, vehicle purchase or an emergency house repair. However, more often than not, people don’t need a huge sum of money to get them back on track with their finances. In these cases, a small loan of £100 or a couple of hundred pounds is more than sufficient to give you the cash injection you need.

At The Money Shop, you can apply for short-term loans with our partner’s panel of lenders when you need a little help without a long-term commitment or high repayment amounts. Online applications facilitate quick form-filling and acceptances; you could have the amount of money you need in your account quickly. What’s more, we apply no additional fees and offer flexible repayment plans. This means that even if a small short-term loan is your only experience with financial liability, you needn’t worry about hidden costs or unexpected tough contract terms. Taking out a small loan and paying it back on time can increase your credit score as it demonstrates your ability to work well with credit.

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What are small loans?

Small loans are designed to tide you over until you can get more money. At The Money Shop, access to small loans is available in any amount you need, from £50 upwards, with no additional fees when you repay. What’s more, various repayment options offer flexible payment patterns so you can choose to pay back your loan as and when you’re able to afford it in amounts that work for you.

There is no legal definition for exactly what constitutes a small loan over any other size. Generally speaking, most money lenders consider this to be anything from £500 up to about £2,000. At The Money Shop, our partner’s panel of lenders are more flexible than other providers and lend amounts from £50 upward. We understand that sometimes you only need a tiny cash injection, so there’s no need to borrow more than you need.

Small loans are usually used for situations where people need a short-term quick fix to cover unexpected expenses.

Am I eligible for a small loan via The Money Shop?

To be eligible to receive a loan from our broker partner’s lender panel, you must fit the following criteria as a minimum:

  • Be a British citizen or UK resident.
  • Be aged 18 or over.
  • Hold a bank account based in the UK.
  • Be employed, either through a company or through self-employment.
  • Be able to demonstrate a regular income from employment.

If you fit these criteria and have examined all of your credit and/or finance options, a small short-term loan through The Money Shop may be for you. You can apply online and receive a decision – and the cash – within hours from one of our partner’s market-leading panel of lenders.

Your questions, answered

Small loans work more or less in the same way as larger ones in that an individual finds a preferred lender and makes an application to receive their selected amount. The lender considers the application, and if their lending criteria is met, a loan rate is offered. All criteria, including the individual’s credit score (and therefore the likelihood of prompt repayment), and their ability to repay the loan, are considered. If the application is accepted, payment of the money is made, usually in a lump sum. 

How quickly a customer receives the loan amount depends on the lender. It’s not uncommon for loan sums to reach a customer’s bank account within three to five working days, but at The Money Shop, our partner’s lenders process the cash within hours of an accepted application.

The APR (Annual Percentage Rate) interest rate paid on such loans tends to be slightly higher than for larger amounts, but these rates are capped. The government loan rate cap was introduced by the FCA (Financial Conduct Authority) in 2015. This was a response to so-called ‘payday loan’ lenders offering increasingly high APR rates repeatedly to customers who were unlikely to be able to pay the amounts back. This led to a cycle of continuous borrowing for some people and later resulted in numerous compensation claims. Public pressure mounted, and the government responded by introducing new rules. The new loan rate cap limits the amount of interest and default fee that customers pay. Under the new cap, a loan taken out over 30 days will pay no more than £24 in charges per £100 borrowed. If not repaid on time, the limited default fee is £15 plus interest on the amount borrowed. Overall, a customer will now never pay back more than twice the initial loan amount.

Those receiving finance or credit from any lender will find that it shows on their credit score. A credit score is a numerical measure of your financial security and responsibility. Credit scores are impacted positively long-term when an individual demonstrates their ability to make payments and repayments on time. This includes the regular payment of direct debits, bills and repayments on loans or other credit facilities.

Increasing the amount of borrowed money you have makes it less likely you will be accepted for additional credit facilities during the term of a loan. Still, long-term, the impact it has on your credit score is positive, provided it’s paid back on time and in full.

When you choose to apply for a loan through The Money Shop, you apply with one of the UK’s most trusted personal finance brands. The Money Shop’s broker partner is a fully authorised and regulated credit broker, working with a market-leading panel of lenders. All of their lenders use soft search technology, meaning you can apply without damaging your credit score.

Our partner works with lenders that can cater to a wide variety of customers. If you have experienced some difficulties in the past or have a bad credit rating, they can still help. The Money Shop continues to develop its offering in line with customer feedback as part of a continuous improvement cycle, meaning it is simple to apply online via your PC, tablet, or smartphone.

A team of loan specialists are always available to offer support and guidance or to discuss which product is right for you. Get in touch with the experts today to learn more and discover how a small short-term loan could help you.