A short term loan is a loan that is taken out for a short period. You can take this type of loan to get quick cash flow to fulfil your personal or business financial needs. You can use this loan for a number of reasons, such as paying utility bills, car repairs, home renovation and resolving business cash flow problems.
The tenure of the short term loan varies from 6 to 12 months. If you have a poor credit history, you may find it challenging to secure a loan from banks or high street lenders. With us, you can get a loan even if you have a below-average credit score.
The short term loan is a great solution for your minor cash flow problems. Unlike traditional bank loans, short term loans UK is structured in a way that you have to repay them within a few months. The interest rate of such loans is higher than standard bank loans.
The loan amount is repaid in monthly instalments along with interest. You can also repay the loan amount earlier if you can afford it. Always keep in mind that the longer you take to repay, the more you end up paying.
You can apply for a short term loan online, for that you have to fill an application form and provide all the necessary information. That includes how much you want to borrow and for how long. We will give you a quote based on this information. If you think you can afford to repay the loan, then proceed further.
To complete the loan application, you have to provide the following information: