Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk. We are a credit broker and not a direct lender.

What are Short Term Loans?

Short term loans are a type of personal loan that can finance your temporary needs for only a short span (up to 24 months) compared to bank loans. So, what if you're hit with an unexpected expense, maybe your car decides to go on strike, or your washing machine calls it quits, carrying home improvements, or simply consolidating debts? Short term loans come into play when you need quick cash to cover these surprise expenses. They are designed to be repaid in a short period, usually within a few weeks or months, which can be super handy for dealing with those sudden money hiccups.

Now, when you're looking into short term loans online in the UK, you'll find many options out there. Typically, these are with smaller amounts when compared to long-term loans, making them easier to manage for quick fixes. Many lenders offer these short term loans for people with poor credit scores to provide crucial financial assistance when traditional options might not be available. As these loans are quick, they often come with higher interest rates, so it's crucial to understand the terms and make sure you can repay on time. One key thing to understand is that how much you borrow is what you owe plus interest. Short term loans are not a long-term solution for ongoing financial struggles but a lifesaver in tight spots for the present situation. Always read the terms carefully, compare different lenders, and make sure you're dealing with a reputable company.

Cash Compare, as an online credit broker, works with a range of lenders and brokers who offer short term loans and empower us to serve you better, eliminating the need for you to navigate multiple sites to secure a loan. After you fill out our loan application, we provide a suitable lender using our matching platform, pairing you with lenders and credit brokers that align with your needs or find you the best suitable lender or alternative solution. You can apply easily through us. Importantly, using our website and services comes at no cost to you. The lender will directly transfer the agreed loan amount to your bank account upon approval.

Am I Eligible to apply for Short Term Loan?

  • Be a UK Resident
  • Be over 18 years Old
  • Have a UK Bank Account
  • Be a Full-time / Part-time Employed
  • Meet the Lenders’ Criteria and Credit Affordability Assessment

Looking for a Short Term Loans?

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How It Works

How to apply for online short term loans?

Our loan matching system sorts through a wide range of lenders in our network, finding the best match to your financial profile and loan needs.

Submit a Loan Application

Begin your journey towards securing credit by submitting a simple, secure online application with your financial details.

Effortless Lender Matching

We ensure your journey towards connecting you with a prospective lender is as smooth as possible.

Instant Decision

Our process ensures you get quick loan decisions enabling you to move forward without unnecessary delays.

Secure a Quote

Once matched with a lender, make an informed decision on the quote detailing the terms of your personalised loan.

Why Choose Us?

Providing a transparent and user-friendly service

Simple Online Application

Our user-friendly platform effortlessly makes you complete your application within minutes, streamlining your borrowing experience.

Free of Brokerage Fees

Transparency is our key focus. Enjoy a zero brokerage fee experience with us putting your financial well-being first.

No Time Constraints

Your convenience is our priority. We provide round-the-clock service to address financial needs. You can apply anytime & from anywhere.

No Obligation Quote

Get a quote to make informed financial choices with no strings attached. If you don't wish to continue with the offer/ quote presented you can close the web page.

Can I get a Short Term Loan with no credit check?

When considering short term loans online, individuals may seek options that don't involve a credit check. However, in the UK, it's important to note that there are no options for short term loans with no credit check and without some form of credit assessment. Lenders do conduct credit checks as part of responsible lending practices required by UK regulations.

Credit checks serve various purposes in the borrowing process. These checks help lenders assess eligibility and repayment capacity. This will allow and safeguard the borrowers to ensure they aren't taking more debt. Credit checks are ultimately designed to protect both parties involved in the lending process while it might seem like an inconvenience.

If you're concerned about your credit score or have a less-than-perfect credit history, there are still options available. Some lenders specialise in providing individuals with short term loans with bad credit scores. While these loans may come with higher interest rates to offset the increased risk for the lender, they can still provide a viable solution for those who require quick cash loans.

Additionally, there are alternative financial options available. For example, some payday lenders may offer loans based on factors other than credit history, such as employment status and income. However, it's essential to approach these options cautiously and carefully review the terms and conditions, as they may come with higher fees and stricter repayment terms. Lenders are willing to work with individuals with varying credit backgrounds, providing accessible solutions for those who need financial assistance.

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How to find the best Short Term Loan Direct Lenders?

It is crucial to consider all your options to ensure the most informed decision for your financial needs when searching for the best short term loan direct lenders. Going directly to a lender might seem like the most straightforward approach. Research and comparison ensure you choose the right lender for your immediate needs. Start identifying the lenders who can offer short term loans with favourable terms that suit your financial circumstances.

It is important to verify the lender is authorised and regulated by FCA. Compare the loan terms, interest rates, fees, and repayments. Also, the borrower has to check for customer reviews to ensure legitimacy. We are a credit broker connecting you with direct lenders and other brokers who can offer you short term loans. We simplify the process instead of spending hours searching the internet and filling out countless applications.

Furthermore, applying through us often comes with zero fees to you. That's right – our services typically won't cost you a penny. You just must fill in our simple application form, our loan matching system instantly searches for a suitable loan quote. This way you can save your time, money, and hassle in the borrowing process to deliver an experience as smooth and stress-free as possible. Beyond that simply connecting you with lenders by assessing your financial situation will make you an informed decision. Accessing through multiple lenders with one single application and receiving personalised support at no cost to you, our services are designed to maximise your borrowing experience.

Before proceeding, ensure you understand all the loan terms and conditions. This includes the annual percentage rate (APR), late payment fees, and any other charges that might apply. If something isn’t clear, contact the lender directly.

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Can I apply for Short Term Loans for Emergency Purposes?

Yes, you can apply for short term loans for emergency purposes or to cover unexpected expenses. Short-term loans accessed online are often an excellent option for handling emergency expenses without breaking the bank. These loans are the necessary funds to address financial emergencies whether it is medical bills, car repairs, home improvements or immediate expenses.

One of the advantages of short term loans online is their speed and accessibility. Unlike traditional bank loans, which can take weeks to process, online lenders typically offer quick decisions on short term loans for emergency purposes. Many lenders offer online applications that can be completed in minutes, allowing you to receive funds within hours or days, which depends on the lender's and bank's policies.

Moreover, these loans are generally designed to cover smaller amounts, making them suitable for addressing immediate financial needs without taking on long-term solutions. Whether you need a few hundred pounds or thousands to cover a utility bill or a slightly larger sum to cover unexpected medical expenses, these loans can provide the flexibility and convenience you need during emergencies.

While they can be a lifeline during tough times, it's crucial not to borrow over your needs limit. This ensures you can comfortably repay the loan according to the lender's agreed terms. These loans are an effective solution for emergency expenses that cater to various needs. We, at Cash Compare, help you find a suitable financial solution with our loan-matching service for your short term financial needs. We can navigate you to make an informed choice as a credit broker working with numerous lenders and other brokers. If you are looking for short term loans with bad credit, you can still apply through us and check your eligibility.

Apply Short Term Loan for Emergency

Is a Same-Day payout possible for Short Term Loans?

Yes, it's possible to receive a same-day payout for short term loans depending on various factors, including the lender's policies, your financial situation, and the time of day you apply.

Some lenders in the UK offer same-day payout for short term loans, especially if you apply early in the day and meet their eligibility criteria. To cover urgent financial needs, lenders offer quick processing and disbursement of funds. If you're in a situation where you need immediate access to funds for an emergency expense, it's worth exploring lenders who can offer same-day loans.

However, it's essential to recognise that not all lenders can provide short term loans on the same day. Some lenders require additional time to process loan applications, conduct credit checks and verify the applicant before disbursing funds. These factors influence the timeline for receiving funds.

Furthermore, even if a lender advertises same-day payouts, there may be circumstances beyond their control that could delay the process. For example, technical issues, bank processing times, or delays in verifying your information could impact the speed of the payout.

While these short term loans on the same day are possible with certain lenders, it's not guaranteed for every applicant. It's essential to research lenders thoroughly, understand their policies, and provide accurate information to get a suitable loan quote. The same-day payout depends on considering various factors. You can apply through us, as a credit broker we can help you find short term loans irrespective of the credit score. After applying, we will try to search for a suitable lender. If approved, you can receive your funds on the same day, the delay may be possible due to lenders' and banks' policies.

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Why should I choose CashCompare to apply for a Short Term Loan?

Choosing Cash Compare to apply for a short term loan offers several benefits. As an online credit broker, we excel at helping you identify the most satisfactory financial solutions tailored to your unique situation. We work with a wide panel of lenders and brokers offering short term loans and serve you better, eliminating the need to go through multiple lenders' websites to get a loan.

Moreover, applying through us for short term loans saves you time and is hassle-free. Instead of filling out multiple applications and conducting individual research on each lender, we simplify the process by presenting you with a loan quote under no obligation. You can apply for the online loans, you need with just a single application to access the right lender, depending on your needs. Fixing your car, carrying home improvements, or simply consolidating debts does not have to be just a plan - with Cash Compare. You can apply easily through us. After you fill out our loan application, we provide a suitable lender matching platform, pairing you with credit brokers and lenders that align with your needs or find you the most suitable lender or alternative solution.

Considering the factors like affordability and stability, we ensure that borrowers are matched with loans that they are looking for and comfortably to repay. As a part of responsible lending practices, highlights our commitment to your financial well-being sets the foundation for a positive borrowing experience. Individuals with a range of credit histories can apply through us and check their eligibility. Importantly, using our website and services comes at no cost to you. We may receive a commission from a lender or broker if you take out one of their products or for introducing you to them. The lender will directly transfer the agreed loan amount to your bank account upon approval.

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Check My Eligibility

We at CashCompare specialise in connecting to Direct Lenders offering short term loans from £100 to £3000 from 3 to 36 Months

Here are some of the Loan amount guides you may be interested in.

Frequently Asked Questions

No, we do not charge any fees for using website services. We are committed and provide you with a transparent platform to help you find the best short term loan options. We may receive a commission from a lender or broker if you take out one of their products or for introducing you to them.

We do not perform credit checks. To determine your loan eligibility, lenders will perform a soft credit search and present you with a no-obligation loan quote. If you accept any lender’s offer, then the lender will conduct a hard credit search.

Short-term loans offer a quick solution for sudden expenses or cash flow issues. Easier to secure and repaid within a year, they suit for immediate financial needs. However, they often carry higher interest rates, and timely repayments are essential to avoid extra charges or credit score damage. They may suit you if you have immediate expenses, a steady income for repayments, and have considered all borrowing options. Before choosing a loan, evaluate your finances and consider alternatives like savings, credit cards, or assistance from loved ones. If a short term loan is best, choose a reputable lender with manageable terms.

A guarantor isn't always mandatory for short term loans. Many of our associated lenders offer short term no guarantor loans. However, factors like your credit history, current finances, and the desired loan amount can influence the need for a guarantor. For those with limited or poor credit, a guarantor, often a family member or friend with good credit, may boost approval chances. Nevertheless, we work with lenders specialized in short term loans without a guarantor required. You can check your eligibility by applying through us.