Short Term Loans, Get A Direct Lender Short Term Loan

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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

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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 is A Short Term Loan?

Sometimes you only need a loan to tide you over until your next payday or until you can sort out alternative funds. In these instances, you may need to apply for a short term loan. These loans are designed to be borrowed over a short period of time, such as a few weeks or months. Unlike long-term loans that are repaid over several years, short-term loans require quicker repayment, usually in lump sums or a few instalments.

Short term loans for bad credit are ideal for emergency expenses (such as car repairs and vet costs) or unexpected bills. You can borrow as much as you need and repay it back quickly. As a short term loans direct lender, we can help you find the best loan for your individual circumstances and requirements.

Are Short Term Loans Right for Me?

Before you apply for a short term loan, you need to consider your other options. Can you cover your urgent expenses without a loan? Loans are a big financial commitment, and you need to consider the interest rates and whether you can keep to the repayment schedule. If you feel confident you have considered all options, you can use our quick and easy short term loan application process an recieve a same day decision.

How much money can I borrow with short term loans?

As a short term loans direct lender, we offer various loan amounts for our customers. New customers can borrow small loans between £50 and £800. Once you have paid the loan back in full and followed the pre-arranged repayment schedule, you could be eligible to borrow more from us with your next loan.

Returning customers can borrow up to £2,000. You will still be required to complete an online application form, but as a returning customer, you have more flexibility over the loan amount and repayment schedule.

What Can I Use a Short Term Loan for?

Bad credit short term loans provide quick financial assistance for immediate or unexpected expenses. You may need new tyres on your car, or your boiler may have packed up and needs urgent repairs. There may be a family emergency and you need to cover last-minute travel costs or finance a family event, such as a wedding or funeral. They can also be used as payday loans to cover urgent expenses until your next pay cheque comes in.

A short term loan lender can provide a fast solution to your cash flow problems and help you get back on track. Try to use loans sparingly and not rely on them as an ongoing financial solution. You shouldn’t use a short term loan for bad credit to consolidate debt.

Become one of the thousands of successful applicants

Here at Fast Loan UK, we have helped thousands of people across the UK find a loans across the UK. Whether it’s to cover car repairs or pay for unexpected hike in utility bills, our short terms have helped bridge the gap between their immediate outgoing expenses and their next pay cheque.

Am I Eligible for a Short Term Loan with Bad Credit?

We require all applicants to meet the following eligibility requirements:

Be a current UK resident
Be over the age of 18
Be in either part-time or full-time employment
Have a regular income
Have a UK bank account and a valid debit card

Our Application Process

To apply for short term loans with Fast Loan UK, fill in our straightforward application form and decide how much you want to borrow and your ideal repayment period. You can choose how many days, weeks or months you want to pay the loan back over and how many repayments you want to make.

Once we have reviewed your decision, we will aim to give you a decision within minutes. We may need a bit more information from you to fully process your application. Once the affordability and credit checks have been completed, we will send you the loan agreement and ask you to digitally sign it.

The money will appear in your account within 15 minutes of signing the loan agreement. Scheduled repayments will be taken out of your account on the pre-agreed dates.

If you’re a returning customer, you can request a new loan directly from your Customer Care manager or by logging into your loan portal. You can then follow the usual steps by signing the loan agreement to have the funds transferred into your bank account.

How do Short Term Loans Repayments Work?

When we create your loan agreement, we will set up scheduled repayment dates. If you need to change the odd repayment here or there, you can do this by making a request directly to your customer care manager.

We are one of the cheapest lenders on the market. We have low APR loans to ensure our bad credit short term loans are kept affordable for new and returning customers.

Short Term Loans FAQs

Do I need good credit to get a short-term loan?

We consider applicants with all credit types. We offer flexible short term loans for bad credit applicants that are designed to suit your budget and individual circumstances. We could approve you for a short loan, even if you have been declined elsewhere.

Can I pay off short term loans early?

Yes, you can repay your loan early. You will only be charged interest for the days you borrowed, plus a £20 early settlement fee. This is subject to it not taking you over the 0.8% daily interest charge.

What happens if I can’t repay my loan on time?

Some customers encounter trouble keeping to their repayment schedule. If you think you won’t be able to make the next repayment, contact your customer care manager and they may be able to work on a solution, such as freezing the interest temporarily or offering alternative affordable repayment plans. If you miss repayments, you may incur extra default and recovery costs, as well as damage your credit history. Contact us if you have any questions or concerns about your short term loans.

Short Term Loans UK

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