Short Term Loans

A swift short term loans experience

Representative APR: 279.5% | Representative Example: Loan Amount: £300 | Borrowed for 60 days | Total Repayment: £420.82 in 2 monthly installments of £210.41 | Interest Charged: £120.82, interest rate 120.8% pa (Variable).

Bad Credit Loans

Short Term Loans

Guarantor Loans

Personal Loans

Quick and Easy Short Term Loans Online

  • Step One - Apply

    Use our straightforward application form to let us know what kind of short term loans you’re looking for.

  • Step Two - Decision

    Submit your information and within just seconds you’ll be presented with the best short term loans in the UK for you.

  • Step Three - Cash

    Once you have chosen your loan and accepted the agreement, the money will be sent straight over to your bank account.

A Quick Overview On Short Term Loans

If you want a fast and easy way to find the best deals on short term loans, look no further than LoanBird. We are a fully licensed broker for short term loans in the UK with the special bonus that our service is completely FREE to use!

On our website, you can quickly and easily compare multiple lenders offering short term loans with no credit check appearing on your file. We can help many people who would struggle to get approval otherwise, thanks to the great variety of short term loans with bad credit in the UK available with our handy tool.

Save yourself time, hassle and money by letting LoanBird match you up with the UK’s top providers of short term loans online – apply now!

someone searching for short term loans

What Are Short Term Loans in the UK?

Basically, short term loans are a popular type of cash borrowing that you pay back within a short time period. Most lenders of short term loans in the UK offer up to £2,000 with repayment periods between a month and a year – although loan terms vary from lender to lender, as will the amount you are eligible to apply for.

This type of loan is unsecured, meaning you don’t need to put up any valuables as collateral to secure the loan. You also don’t need to have a guarantor. It is still possible to get approved for short term loans with bad credit in the UK, although you may be required to pay a higher interest rate.

A lesser-known fact about short term loans is that they are covered by price caps put in place by the FCA on short term borrowing. When you borrow from an FCA approved lender like the ones we partner with, you’ll never pay more than:

• 8% of the balance left of your original loan amount each day

• 100% of your original loan amount in interest in total

• £15 in default fees – whether you miss one repayment or more

A great benefit of short term loans is that they’re very flexible – you are able to set the loan term to suit your budget, which can make them more manageable than payday loans. The interest rates will also be lower than payday loans, due to the longer repayment period. It is important to note, however, that while choosing a longer repayment term will make each installment smaller, you will end up paying more overall for your loan as interest builds up over time.

If you are able to repay your loan earlier than initially expected, this will usually work out cheaper as you’ll pay less interest. It’s worth checking whether your lender charges early repayment fees before you sign the loan agreement.

Short term loans are designed to be used when you have short-term cash flow issues and are faced with an unexpected and unavoidable expense, such as a broken-down boiler or an emergency car repair. It isn’t recommended to apply for short term loans in the UK to cover luxuries such as holidays as more affordable and suitable options may be available.

If you are considering short term loans but know that you would struggle to clear the balance within a year, you may be better off with a personal loan, which allows you to repay the amount over five years.

Is short term borrowing the right option

Can You Get Short Term Loans with Bad Credit?

At LoanBird, we want to be able to help as many people as possible, and we work with a great range of lenders who will be able to fulfil your search for short term loans with bad credit in the UK. In order to apply for our short term loans online, you just need to meet our simple eligibilty criteria:

• Aged 18 years or older

• A UK resident

• Hold a valid UK bank account in your own name

• Have a monthly income (e.g. from full or part-time employment or self-employment)

You will need to provide us with proof of your identity, as well as a phone number and email address. Your contact information will only be used by your chosen lender in order to proceed with your application for their short term loans in the UK.

We’ll also need information about your employment status and monthly income when you apply for short term loans online. We are regularly able to supply short term loans with bad credit not an issue; this information is needed so we know that you will be able to afford the repayments on your chosen loan. We would not want to recommend short term loans that could cause you further financial difficulties.

Why short term lending can be useful

The Benefits of Short Term Loans Online at LoanBird

At LoanBird, we want you to feel confident in your choice to let us help you find the best short term loans online. We have fantastic reviews from people who have previously used our services, because we do our very best to make every single applicant happy.

Quick and Easy Application

Applying for a great range of short term loans online with LoanBird is easy. Simply use our application form to provide us with some details about what you’d like to borrow and your current finances. You’ll receive an instant decision and could have the money on the same day!

Higher Chances of Approval

Instead of applying to each lender directly, an application with LoanBird gives you access to the vast majority of lenders all at once. Not only does this save you an incredible amount of time when you’re looking for the best deal, but it can also give you the highest chances of being approved for short term loans with bad credit especially.

Borrow with Confidence

LoanBird is a licensed broker for short term loans in the UK, and our panel of lenders are all FCA approved, responsible lenders. This means you are fully protected as a borrower and can have confidence in your decision to move forward with your application for short term loans. It also means you will benefit from the FCA caps on interest rates and default fees.

No Broker Fees!

We do not charge you anything at all for using our fantastic services; they’re completely free to use! We will never ask you for money at any point in your application process or afterwards. We do take a small commission from the lenders, but this should not affect the cost of your loan.

Find Short Term Loans with No Credit Check

Each time you apply for a loan, many lenders and brokers will run ‘hard search’ credit checks that remain on your file for two years. If you are looking for short term loans with bad credit, being turned away from lenders and having multiple hard searches on your record can actually damage your credit rating further. Instead, we are able to match you with the best short term loans in the UK for your circumstances with just a single soft search, which doesn’t leave a trace on your credit report.

It’s important to note that your chosen lender will run a ‘hard search’ credit check before they can fully approve your loan. Any lender who says they offer short term loans with no credit check at all should not be trusted, as this is operating outside of FCA guidelines. It is likely that this is not a legitimate lender, and is potential fraud.

Easy Repayments

Although the repayments may vary slightly from lender to lender, usually you will be able to set up a direct debit or Continuous Payment Authority to repay short term loans. This is great because it means you can’t default on the loan simply because you’ve forgotten to make a payment that month. What’s more, the installments will be fixed each month, so it’s easy for you to plan your budget around them.

what short term options are available for loans

What Are the Terms of A Short Term Loan?

Our short term loans can offer you lending amounts up to £3,000. You can also borrow one of our short term loans up to 12 months, meaning you have more time to manage all your finances.

All your payments will be agreed at a fixed rate suitable to you. We will present these figures to you before you go ahead. If you decide that you want to pay off your loan early this could save you money on the costs of your loan. Please be aware that the majority of lenders will charge an early repayment fee for this.

How Does the Short-term and Long-term APR Work?

The Annual Percentage Rate usually depends on the length, amount and circumstances of your loan. If you’re looking for a short-term financial fix the APR could range anywhere between 278% to 1576%. Our longer loan options provide APR rates from 3.1% to 71.3%.

We would always advise that you work out your APR before you take on any loan. If you’re ever unsure about how your APR is calculated, check with your loan adviser and ask if they can walk you through it. Check out our information on APR, this could offer you further detail on how it actually works. You will find this information in our online loans section.

applying for short term loans with loanbird

Apply for the Best Short Term Loans Online Today

So, if you want to see what fantastic deals you could get on short term loans with no credit check staying on your file, use LoanBird’s quick and easy loan finding tool today. We want to be sure you’re happy with your decision to apply for short term loans in the UK, and if there’s anything we can help with just contact us.

Once you’re happy to get started with your free application for the best short term loans in the UK, all you have to do is apply with LoanBird!

Representative APR: 279.5% | Representative Example: Loan Amount: £300 | Borrowed for 60 days | Total Repayment: £420.82 in 2 monthly installments of £210.41 | Interest Charged: £120.82, interest rate 120.8% pa (Variable).

Our website is completely free for you to use, but we may receive a commission or fee from some of the companies we feature or introduce you too.

Loanbird.co.uk is a registered Trading Name of RJW Assist LTD. RJW Assist LTD is registered in England and Wales (Company number: 09470548). Registered Address: Brook House, 40 Cuthbert Road, Stockport, Manchester, SK8 2DT. Licenced by the Information Commissioners Office: registration number: ZA436430. RJW Assist LTD is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under the reference number: 788094. We are a licenced credit broker, not a lender. Loanbird.co.uk does not provide any loan or consumer credit products directly.

Timescales on receiving your funds may vary from lender to lender and depends if your bank accepts faster payments. The loan amount and interest rate offered is subject to the lender’s requirements and approval.

Warning: Late repayment can cause serious money problems. For help, visit moneyadviceservice.org.uk