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

Small loans

  • Fast 3 to 60 month online loans
  • 100% No obligation loan quotes
  • Cash could be sent in minutes*
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79.5% APR Representative

Digitonomy Limited (trading as Growing Power) is a credit broker not a lender. All Applications Subject to affordability, UK residents only.

Rates between 15% APR and Maximum 1733% APR - your no obligation quote and APR will be based on your personal circumstances - we compare small loans from over 30 lenders to get you the lowest APR possible from our panel. If you are not successfully matched with a loan, we may show you alternative products and services, such as a credit building service, which may charge you a monthly fee if you choose to use this.

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Affordable repayments
Flexible repayment options

Representative example: Amount of credit: £1000 for 12 months at £123.40 per month. Total amount repayable of £1,480.77 Interest: £1000.00. Interest rate: 79.5% pa (fixed).79.5% APR Representative.

Rates between 15% APR and Maximum 1733% APR. Loan term lengths from 3 to 60 months. There are no fees for our service.

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Are you looking for a small loan to plug an emergency cost?
Growing Power could help you search for a small loan from £100.

couple at the kitchen table reviewing finances and examining bills

What is a small loan?

A small loan is a sum of money borrowed from a lender, and is usually used to cover an unexpected expense, such as urgent car repairs or a replacement boiler.
The definition of a small loan will vary from person to person; our financial situation is unique to us, and what might seem like a small amount of money to someone could be a lot to someone else.

How much money could I get with a small loan?

With Growing Power, you can search for a small loan from £100. The maximum loan amount that you’re able to search for with Growing Power is £10,000. You should only ever apply to borrow the amount of money you need and can afford to repay.

How long can I borrow a small loan for?

The repayment terms available to you will depend on the amount of money you apply to borrow.
In the table below, we’ve included a breakdown of the different loan amounts and repayment terms that you can search for with Growing Power.

Loan amount Available repayment terms
£100 - £950 3, 6, or 12 months
£1,000 3, 6, 12, 18, 24, or 36 months
£1,050 - £2,500 6, 12, 18, 24, or 36 months
£2,550 - £7,500 12, 18, 24, 36, 48, or 60 months
£7,500 - £10,000 18, 24, 36, 48, or 60 months

Could I get a small loan with Growing Power?

Growing Power is a credit broker. We work with a panel of over 30 Financial Conduct Authority (FCA) authorised and regulated direct lenders, who offer small, short-term, personal loans.

You can search for a small loan with Growing Power if you:

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

Small loans for bad credit

Some of the lenders on the Growing Power panel specialise in small loans for people with bad credit.
Please be aware that a bad credit loan could come with a higher rate of interest. The interest rate you’re offered will be used to calculate your monthly repayment amount, as well as the overall cost of the loan. If you’re offered a small loan for bad credit, please make sure that you’re able to afford the repayments before you sign and return the credit agreement.

Apply for a small loan for people with no credit history

Having no credit history, often referred to as a ‘thin’ credit file, isn’t necessarily a bad thing; it’s just likely that you’ve never paid bills in your name or borrowed credit before.
When lenders carry out a creditworthiness assessment on a potential borrower, they often look into how past credit commitments have been managed. With no record of this on file, your chances of approval could decline.

If you’re searching for a loan for people with a thin credit file, Growing Power could help you. We work with a number of direct lenders who are willing to consider applications from people with no credit history.
Again, similarly to bad credit loans, if you’re offered a no credit history small loan, you might find that you’re presented with a higher interest rate.

What is the easiest small loan to get approved for?

‘Easy to get’ loans do not exist.
When you apply for a loan with a direct lender, they’ll carry out a creditworthiness assessment, which will give them an idea of how likely you are to be able to repay the money. While you might worry about undergoing a creditworthiness assessment, especially if you have poor credit history, it’s vital to recognise that these checks are carried out to protect you and minimise the risk of financial hardship.

If you have a good credit score, you might find that you have greater chance of being considered for a loan, as well as a larger range of borrowing options, but your application for credit isn’t guaranteed to be accepted.

When will my small loan be sent?

Some lenders, including several of those on the Growing Power panel, could send your money on the same day as your application is approved. However, this doesn’t always mean that you’ll receive your funds the same day, and it’s important to be aware that ‘same day loans’ cannot be guaranteed.
The time it takes for the money to appear in your account will depend on your bank’s policies and procedures.

How do repayments with a small loan work?

Your repayments will be made in monthly instalments and will include interest. You must make your repayments in full and on time each month throughout your loan term.
Missing or making a late repayment will harm your credit score. Depending on your lender, you could also be charged a fee.

I’m having trouble keeping up with my repayments; what should I do?

If you feel as though you’re going to struggle with an upcoming repayment, please contact your lender as soon as you can. Try not to wait until your payment date has been and gone; the sooner you reach out, the sooner your lender can work with you to help you through this difficult time.

Free, financial advice is available

Worried about money or debt? Please don’t suffer in silence. You can get free, confidential advice through the following charities and organisations: StepChange, MoneyHelper, Citizens Advice, and National Debtline.

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