Short Term Loans from £100 to £5000

Loans from 3 months to 24 months

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NO OBLIGATION & NO BROKER FEES

Representative 97% APR (fixed)

Representative example: Borrow £1000 for 24 months at 24 equal instalments of £77.48. Total amount to repay £1,859.52. Interest £859.52. Annual interest rate 70% (fixed). APR rates range from 45.3% APR. to 1575% Max APR. Your APR rate will be based on your circumstances.

We are not a lender but a licensed credit broker in the UK

Short term loans are a line of consumer funding that is available throughout the UK via multiple lenders. Often associated with the term 'payday loans' where funds were advanced over a short period, usually 30 days until the borrower can repay on their next employment’s pay date. Short term loans are also associated with the term instalment loans where the borrower repays over multiple months (multi-month loan being another industry term).

Funding there when you need it

A short term loan can offer a lifeline of cash when you need it. It offers quick access to money that can get you out of a financial tight spot when the need arises. And to many the loan is just that. It's not a regular line of funding that is required from month to month. Regulation has put pressure on lenders to eradicate the continuous loop that many people were finding themselves in. Short-term finance products are better for the borrower than ever before with tighter regulatory practice in place for lenders to follow and a safer, more professional environment for borrowers to seek the funding they need.

Get the right loan option for you

By applying through This Lender, you could find the short term loan solution for your needs. Whether it's an emergency cash loan or an immediate funding requirement that you need financial assistance to resolve we can help.

Which direct lender is best?

There is a range of direct lenders who provide short term loans and each one may or may not be the right 'fit' for you. This is why it is a good idea to use the services of an online broker such as 'This Lender'. We have a compliant practice and professional team ready to help you find a suitable funding match. By utilising our secure online application form, you can submit your details and receive a response in a short period.

Each direct lender is different, each with their pricing structure and terms of borrowing. As we work with multiple providers of short term loans you have an easy route into the whole of the market by using our simple, clear service. 'This Lender' provides straightforward access to a panel of providers of short term finance and matches you with the right lender able to help with your funding needs.

Some of the lenders such as Wonga, WageDay Advance, Quick Quid, LendingStream, MrLender and PaydayUK have been around since the inception of the payday loan industry in the UK. They have seen the sector change dramatically over the years and have dynamically moved with the times embracing new regulation and compliance. The founders of the UK short term finance industry, these lenders are now part of a larger spread of short term loan providers.

Short term loans

Short term loans – how do they work?

Short term loans work by lenders borrowing your money and receiving repayment with interest over a given period – usually between 1 and 12 months hence the term. These loans can be repaid in instalments over a given timeframe or in a lump sum when agreed.

Firstly you need to select how much borrowing you need and over what period you'd like the length of the borrowing. You can indicate this on our application form. Fill in the rest of the details required and click submit. Don't worry, the application does not bind you, and we don't charge you any fees for using our services.

Your application is matched with a lender who will present you with a loan offer(s). Read through the details and make sure you are comfortable with being able to afford the repayments over the schedule of the loan.

If you have any questions as to the regard of the lender's pre-contractual information, you can contact them directly for the information presented on the page.

Read through the pre-contractual agreement information carefully and make sure you fully understand the terms presented from the lender.

Once you have agreed and signed the contract, the funds will be transferred to your account.

What are the pros and cons of short term loans?

There are many benefits to the accessibility of quick funding solutions. You may have a need for an immediate financial emergency that can't wait, or your cash flow requirements a boost to keep you moving financially. The clear benefit is speed, with a simple online cash advance application form and easy to understand loan offer you can secure the funds you need, fast. There is no paperwork required and no long administration of your application which means funds can be with you when you need them.

Lenders will be cautious not to lend to individuals that they may perceive could have difficulty in paying back the loan. It is not their intention to take anyone further into debt which is why they have affordability checking in place. They want to make sure they are not putting you under any future financial pressure which may lead to further debt help.

The downside of short term borrowing is that the loan term is small which makes the lending look expensive as it uses an APR (annual percentage rate) calculated across a 12 month period. Even if the loan period is for 30 days or more, the calculation can make the loan look like quite an expensive option for anyone seeking a loan solution.

Is the process safe and secure?

We are regulated by the FCA (Financial Conduct Authority) and work to a strict code of conduct which is positive for all parties, you the customer and corresponding lender(s). We adhere to our license with the ICO (Information Commissioners Office) whereby we protect and manage the data that you submit through our secure form at every level.

We have a responsibility to you and the sector that we operate in to make it a fair and transparent process with clear information each step of the way. If there is anything you aren't sure about you can contact us here, and our team will respond quickly to your questions.

Credit checks for short term loans

It is common for lenders to credit-check their potential customers before approving them for a loan. If you do have a bad credit history and it is hindering you getting a loan, you may be able to apply for a bad credit loan, but it may be in your interests to try to rectify your credit score. In most cases, this is a process that you can manage and handle by firstly checking your credit score and then making changes or improving some aspects of your report.

Where do I go for help if I’m in financial difficulty?

If you are having financial difficulties or need to speak to someone regarding your financial situation before applying for a loan you can get free and confidential advice from The Money Advice Service, National Debtline or debt charity StepChange.

Get your free loan quote today

Access from £100 to £5000

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Representative 97% APR (fixed)

Representative example: Borrow £1000 for 24 months at 24 equal instalments of £77.48. Total amount to repay £1,859.52. Interest £859.52. Annual interest rate 70% (fixed). APR rates range from 45.3% APR. to 1575% Max APR. Your APR rate will be based on your circumstances.

We are not a lender but a licensed credit broker in the UK

Types of Loans & Credit