Short Term Loans UK
Get £100 - £5,000 short-term loan online
- Secure UK Site
- No Obligation Quote
- Instant Decision
- Efficient Process
Representative example: Rates from 43.1% APR to 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £1,200 borrowed for up to 75 days. Total amount repayable is: £1506. Interest charged is 0.34% per day, amounting to £306, annual interest rate of 124% (variable). Representative APR: 49.7% (variable).
Get Up To £5,000 Short Term Loans
Short term loans are loans that can be repaid over a short period of time. Typically, short term loans are of a small amount that can be paid back within a year in fixed instalments.
With GetPaydayLoan, you can get short term loans for any amount up to £5,000. When you choose GetPaydayLoan to get short term cash, there are no hidden fees involved. You only have to pay back the amount that you agree to upfront directly to the lender.
GetPaydayLoan has a panel of lenders that are trustworthy and responsible. Depending upon the amount of your short term loan, we offer you a suitable lender to get instant cash.
Pros & Cons of Short Term Loans
If you are wondering “how can I borrow money short term?”, then GetPaydayLoan has all the answers for you. Here are a few pros and cons to consider before applying for a short term loan UK:
Pros
1. Quick Approval
Once you apply for a short term loan through the online form, GetPaydayLoan can get it approved instantly. These loans are widely available, and you can access the money shortly after submitting your application.
2. Simple Process
GetPaydayLoan does not ask for any sensitive information when you apply for a short term loan. Simply tell us what amount you need, your current income, and your personal details to get a short-term loan in the UK quickly.
3. No Collateral
Short term loans include secured and unsecured ones. With an unsecured short-term loan, you don't need to provide any collateral against them. And you don't have to worry about risking your house or car for some extra cash.
Cons
1. Interest Rates
Since short-term loans UK are unsecured, the lender might ask you to pay a high interest rate. If you are asking yourself “which loan is best for the short term?”, then it is important to check the total repayable amount before accepting an offer.
2. Short Repayment Period
With short-term loans, the only requirement is that they must be paid back within a year. Before applying for this type of loan, make sure that it is feasible for you to repay the amount within the given time frame.
Can I Get A Short Term Loan With Bad Credit?
Getting a loan approved can be a challenging task for those who have bad credit. Even if they find a lender after a rigorous search, there might only be a small number of loan options to choose from.
Fortunately, you can easily get a short-term loan with bad credit using GetPaydayLoan. Even if you have had problems with debt or credit utilisation in the past, you can still get short-term loans for bad credit.
You can easily apply for a short term loan with bad credit on GetPaydayLoan. All you need to do is fill out our online form, and our powerful search tool will help you connect with a suitable lender.
Where Can I Get a Short-Term Loan?
- GetPaydayLoan can give you all the information about a short-term loan, such as interest rates, repayment plans, and different types of loan details. We also operate as a short-term loan broker, matching every applicant with our panel of top UK lenders.
- To get a short-term loan in the UK, all you need to do is fill out the application form. Answer questions about your current income, loan amount, and preferred loan terms. Once we have your complete application info, we can help you get a short term loan easily.
- GetPaydayLoan understands that you might be applying for a short term loan to meet your day-to-day expenses. Some might need some extra cash to get through the month, and others might be looking for a way to pay unexpected medical bills. In any case, GetPaydayLoan can help you access instant cash with a variety of short-term loans.
- Our online form only takes a few minutes to complete. Once you accept an offer from a lender, the amount will be transferred to your bank account directly.
Requirements For Applying for a Short-term Loan
Trying to apply for a short-term loan but don't know if you are eligible? Look no further than GetPaydayLoan. Here are the basic requirements to apply for a short term loan UK:
Aged 18 years or older
UK citizen
Having source of income
Valid UK address and bank account
That's it! There are no hard and fast rules when applying for a short term loan UK with GetPaydayLoan. Whether you are trying to make ends meet or need extra cash for home renovations, GetPaydayLoan can help you out.
GetPaydayLoan aims to make it easy for anyone to apply for short term loans. If you meet these basic requirements, you can get started with GetPaydayLoan now!
What's the difference between a lender and a broker?
When you apply for short term loans in the UK, it is essential to understand the difference between a lender and a broker. While both are ways to get quick cash, there's a significant difference in the process of getting your loan approved.
Applying with a Lender
Direct lender applications involve asking the lender for money yourself. More than 80 companies in the UK are authorised to provide direct loans for borrowers. You can fill out a form for a specific lender and wait for their response.
When you apply to a lender, your options are limited. The type of loan you get will be determined by that specific finance company only. Most direct lenders also conduct hard credit checks on every applicant. If you have a bad credit score, then you might not be able to get a loan approved.
Applying through a Broker
Brokers like GetPaydayLoan have a dedicated panel of lenders that they work with. When you submit an application to a broker, they send it to the lenders who are most likely to approve your request. This means that you are more likely to get a short term loan when applying via a broker.
Using online broker platforms can help increase the chances for you of getting a short-term loan quickly and efficiently. With a broker like GetPaydayLoan, you can get access to your cash immediately with no hidden fees or late payment charges.
When you apply for a short-term loan through a broker, we'll do the hard work so you don't have to. We will search our panel of lenders and provide you with an instant decision
Frequently Asked Questions
Which loan is best for the short term?
Short term loans can be paid back within a year through monthly instalments. The best short term loans include payday loans, online loans, and invoice financing.
How can I borrow money short term?
You can borrow money for a short period of time by getting a short term loan from GetPaydayLoan.
What is an example of a short term loan?
Payday loans are a type of short term loan that can be repaid within 35 days or the day of your next income. These loans are paid back in one instalment including the interest.
Can you get a short term loan without paying interest?
Most lenders require you to pay interest on your short term loan. This is because most short-term loans in the UK are unsecured, meaning you can get them with zero collateral.
Why do lenders need your bank account?
Lenders need your bank account details to transfer the amount directly. Lenders also use your bank account details to check for past debt and credit scores.