£200 Loans with Fixed Weekly Repayments
Need to borrow £200? A £200 loan from Valleys Finance is a small home collected loan that you repay in fixed weekly amounts, usually collected at your door by a local agent. £200 is typically the most we lend to a new customer, and the representative example shows exactly what it costs. We look at your whole income and outgoings. Every application is assessed for affordability, and approval is not guaranteed. New to home credit? Find out how home credit works.
- A local agent who calls at your home
- Fixed weekly repayments
- FCA Authorised
Representative Example
What a loan costs
| Advance | £200 |
| Duration | 22 weeks |
| Weekly Repayment | £14.00 |
| Total Amount Payable | £308.00 |
716.5% APR Representative
How Much Does a £200 Loan Cost?
On our representative example, a £200 loan repaid over 22 weeks costs £14.00 a week, so you repay £308.00 in total. That is £108.00 on top of the £200 you borrow. The weekly amount and the total are fixed and agreed before you sign, so they won’t go up during your loan.
We also offer a shorter 14-week term: £200 over 14 weeks is £20.00 a week, £280.00 in total, at 1068.5% APR. The weekly payments are higher, but you repay £28.00 less overall. Your agent will go through the weekly amount and the total for the term you choose before you commit. Before you decide, think about whether £14 a week fits comfortably in your budget. If you’d rather borrow less, see our £100 loans.
Other Options to Consider First
A loan isn’t always the right answer, and borrowing at a high APR can make money tighter. Before you apply, it’s worth checking whether any of these could help:
- Budgeting Advance: if you get Universal Credit, you may be able to get an interest-free Budgeting Advance from the DWP for essential costs. Find out about Budgeting Advances on MoneyHelper.
- Help from your council or the Welsh Government: your local council may be able to help with essentials such as food or energy. In Wales, you can also apply to the Discretionary Assistance Fund.
- Credit unions: community lenders whose interest rates are capped by law. Find your local credit union.
- Free debt advice: if you’re already finding it hard to keep up with bills or other debts, MoneyHelper, StepChange and Citizens Advice offer free, confidential help.
How it works
1. Apply online or by phone
Tell us how much you'd like to borrow and about your income. It takes a few minutes and there's no obligation to take a loan.
2. We check affordability
We look at your income and your regular outgoings to see whether the repayments are affordable for you.
3. Meet your local agent
If approved, your agent goes through your fixed weekly repayments and the total you'll repay before you sign anything.
4. Repay weekly
Your fixed weekly payment is usually collected in person by your agent; other repayment methods are available too.
£200 Doorstep Loans Near You
Our local agents cover communities across South Wales, the South West, the West Midlands, the North West and North Wales, supported by our head office in Tredegar. Check your postcode to find out if a local agent serves your area.
£200 Loans: Common Questions
Can I borrow £200 as a new customer?
Possibly. £200 is typically the most we lend to a new customer. The amount we can offer depends on our affordability assessment, so we may offer less. Approval is not guaranteed.
How much is a £200 loan a week?
On our representative example, £200 repaid over 22 weeks is £14.00 a week, £308.00 in total, at 716.5% APR representative. Your agent will confirm the exact weekly amount and total before you sign anything.
How much can I borrow?
As a new customer, we would typically lend no more than £200. If you’ve borrowed from us before and kept up your repayments, you may be able to borrow more, subject to our affordability assessment. We only lend what we believe you can comfortably repay each week.
How do you decide whether to lend?
Every application is assessed for affordability. We look at your income and outgoings, and we can’t lend if the repayments wouldn’t be affordable for you.
What if I struggle to make my repayments?
Please tell us as soon as you can. Speak to your agent or call our office and we’ll talk through your options. You can also get free, confidential debt advice from MoneyHelper or StepChange.
How do I make my weekly payments?
Many customers have their weekly payment collected in person by a local agent at home. You can also pay by debit card, Continuous Payment Authority or standing order. Your agent will explain the options available to you.
Why is the APR so high?
APR is an annual measure, so for a small loan repaid over a short period it can look high even when the total cost in pounds is modest. The fixed cost of arranging and collecting a small doorstep loan makes up a larger share of a smaller advance. For budgeting, the total amount repayable in the representative example is the clearest figure to look at.
Ready to apply?
Apply online in just a few minutes. If your application is approved, your local agent will explain your agreement, answer any questions and arrange your fixed weekly repayments. All lending is subject to an affordability assessment.
Representative example: Advance £200, repaid over 22 weeks at £14.00 per week. Total amount repayable £308.00. Representative 716.5% APR.
Think carefully before borrowing. Late repayment can cause you serious money problems. For free, impartial money guidance, visit moneyhelper.org.uk.