Short Term Loans UK, Fast and Flexible Borrowing

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The cost of borrowing £300 over 6 months:

Fast Loan UK £507.48

Mr Lender £544.00

Cashasap £556.23

Lending Stream £579.00

Money Platform £586.26

Savvy £595.00

QuidMarket £596.46

Cash4unow £599.82

Fernovo £595.92

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Ticktock Loans £595.92

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Loan Pig £595.92

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Moneybag £600.00

Proud to offer the cheapest instant short term loans in the UK

Compare our loans to other lenders here

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

Representative example:

Borrow: £300 over 8 months. 8 repayments of £70.31. Total amount payable £562.44. Interest rate: 130.21% pa (fixed). Representative APR: 840.75%

What Are Short Term Loans?

Short term loans in the UK are small, flexible loans designed to be borrowed and repaid over a short period of time, usually a few weeks or months. They are commonly used to cover urgent expenses such as car repairs, household bills, or emergency travel. At Fast Loan UK, you can borrow between £50 and £2,000, making a short term loan a practical option for people who need fast financial support. New customers can borrow up to £800 over a maximum period of up to 8 months, while returning customers can borrow up to £2,000 over a maximum period of 12 months.

How Do Short Term Loans Work?

A short term loan works by giving you quick access to money when you need it most, usually for covering unexpected expenses such as emergency car repairs, urgent household bills, or medical costs. The key feature of short term loans is flexibility, instead of being tied into long-term repayments, you can repay the money either in one lump sum or spread over several instalments.

We allow borrowers to make weekly, fortnightly or monthly repayments, which helps break down the cost into manageable amounts. This approach makes it easier to budget and ensures you aren’t left struggling to repay everything at once. For example, borrowing £500 as a short term loan could be repaid over a few months rather than all in one go, easing financial pressure.

When you apply for a short term loan, we will review your income, expenses, and overall affordability to make sure the loan is suitable for you. As a short term loan direct lender, we offer an application process that is entirely online, so there’s no need for paperwork or long waits. Our applications are designed to be straightforward, and many customers receive a decision within minutes.

Once approved, the money is transferred directly into your bank account, often on the same day. This makes short term loans a reliable option for urgent financial needs. If speed is your priority, you may also want to explore our same day loans, which are designed to provide fast payouts when time is critical.

How Much Can I Borrow with a Short Term Loan?

When you’re considering short term loans in the UK, one of the first questions you might ask is, “How much can I borrow?” The answer depends on several factors, including your income, credit history, and whether you are a new or returning customer. Our short-term loans are designed for small amounts, from £50 up to £2,000. Returning customers can borrow up to £2,000 over a maximum period of 12 months, but for new customers, you can borrow up to £800 over a maximum period of up to 8 months. This is to ensure the loan stays sustainable for you during your first loan with us.

If you have a poor credit history or a bad credit score, you may find that some lenders are more cautious and potentially turn you away. This is because borrowers with a poor credit score are seen as higher risk, so lenders want to make sure you can comfortably manage the monthly repayments. As a short term loan direct lender, we offer low credit score loans, as we consider your overall personal and financial situation, rather than solely focusing on your credit history or credit score.

The repayment period also plays a big role in how much you can borrow. Short term loans are meant to be repaid quickly, often within a few weeks or months, so the total amount you borrow will affect how much you need to pay back each month. For example, borrowing £500 over three months will mean higher monthly repayments than spreading the same loan amount over six months. It’s important to choose a repayment period that fits your budget, so you can repay the loan in full without putting your finances at risk.

All applicants need to be:

Aged 18 years or over
Current UK resident
Be in Full-Time, Part-Time or Self-employment
Receive a regular income
Have a valid bank account and debit card

Can I Get a Short Term Loan with Bad Credit?

Yes, a short term loan with bad credit is possible. While some lenders only look at your credit history, the team at Fast Loan UK also considers your current income and affordability. This gives borrowers with lower credit scores a fairer chance of approval. You could be offered a quote for a short term loan for bad credit, even if you have been turned down by other lenders.

Why Choose Short Term Loans UK?

Short term loans in the UK are popular because they offer a flexible way to borrow without committing to long-term repayments. They’re designed for people who need quick financial help but don’t want to take on years of debt.

As a short term loan direct lender, we make the process simple. As a direct lender, we don’t use brokers, so your application is handled quickly and transparently. Our loans are clear, affordable, and available from £50 up to £2,000, helping you manage unexpected costs with confidence. We offer various affordable loans to help you pay for essential expenses such as boiler replacements, car repairs and more.

The Benefits of Choosing a Short Term Loan Direct Lender

When you borrow from a short term loan direct lender, you avoid third parties and hidden fees. Here at Fast Loan UK, we process applications directly, meaning quicker approvals and fewer delays.

This approach ensures you know exactly who you are borrowing from, making the experience more transparent and trustworthy. With our focus on fast decisions and same-day transfers, you can rely on us when you need urgent financial support.

Short Term Loan FAQs

How quickly can I get a short term loan?

Most applications with Fast Loan UK are decided within minutes. If approved early in the day, you could receive your funds on the same day, making it one of the fastest borrowing options available.

Are short term loans safe in the UK?

Yes, as long as you borrow from an FCA-regulated lender. We are a fully authorised and regulated lender, meaning our short term loans follow strict rules to ensure fairness and transparency.

What’s the difference between short term loans and payday loans?

Short term loans can be repaid over several weeks or months. You can make repayments on a weekly, fortnightly or monthly basis. This makes short term loans more flexible and manageable for many borrowers.

Can I apply for a short term loan if I have bad credit?

Yes, you can. Fast Loan UK looks at your affordability and current financial situation, not just your credit history, giving applicants with bad credit a fair chance at approval.

How much can I borrow with a short term loan?

With Fast Loan UK, you can borrow between £50 and £2,000. The exact amount depends on your income, affordability, and repayment ability. New customers can borrow up to £800 over a maximum period of up to 8 months, while returning customers can borrow up to £2,000 over a maximum period of 12 months.

Short Term Loans UK

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