Short Term Loans
Amounts available of: £100 – £5,000
Borrow for: 1 – 36 months
Find short term loans with no hard search credit checks with LoanBird, a no fee broker, with cash usually deposited within 10 minutes
Representative APR: 49.9% | Representative Example: Loan Amount: £1,000 over 12 months at £107.53 per month. Total Repayment: £1,290.36 | Interest: £290.36. Interest rate: 49.9% p.a. Fixed*.
Quick & 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 options 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.
LoanBird’s Short Term Loans Service
If you want a fast and easy way to find the best deals on short term loans with no credit checks, look no further than LoanBird. We are a fully licensed broker for short term loans in the UK from a panel of over 30 of the UK’s best short term loans direct lenders, with the special bonus that our service is completely FREE to use!
On our website, you can quickly and easily compare multiple lenders. We can help many people who would struggle to get approval otherwise, thanks to the great variety of options 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!
What Are Short Term Payday Loans?
Short term payday loans are a popular type of cash borrowing that you pay back within a short time period. Most short term loans direct lenders offer up to £5,000 with repayment periods between 1 month and 36 months – 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, although you may be required to pay a higher interest rate.
Short Term Loans for Bad Credit in the UK Price Caps
A lesser-known fact about short term payday 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 these types of 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 may also be lower, due to the longer repayment period, but you should note that rates vary between lenders. 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.
What Are Short Term Loans Direct Lenders For?
Short term loans in the UK are designed to be used when you have 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 payday loans in the UK to cover luxuries such as holidays as more affordable and suitable options may be available.
If you are considering applying 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.
Can You Get Short Term Loans for 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 for bad credit in the UK. In order to apply, you just need to meet our simple eligibility 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. 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 bad credit direct lenders that could cause you further financial difficulties.
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 direct lenders. 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 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 help you to save 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 for bad credit.
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 UK. 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 short term loans direct lenders, but this should not affect the cost of your loan.
Short Term Loans 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 for 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.
Although the repayments may vary slightly between lenders, usually you will be able to set up a direct debit or Continuous Payment Authority to repay short term payday 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.
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, 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!
Short Term Loan FAQs
Are short term loans bad credit in the UK safe?
As an applicant or customer of short term loans in the UK, you’re entitled to several protective measures. This includes the price caps set by the FCA which we’ve outlined above. These ensure that the costs of broker and direct short term loans don’t spiral out of control, even if you’re unable to keep up with the repayments set in your loan term. While they are not the cheapest form of borrowing available, they are one of the most regulated loan options in the market.
When you apply, you can check the FCA register to ensure that you’re dealing with an authorised broker or lender. You can find LoanBird on the register under our company name RJW Assist LTD, and our reference number 788094.
How is LoanBird able to offer short term loans no credit check?
There are different rules that apply to short term loans direct lenders and brokers. One of the most important is that legitimate direct lenders will always run a ‘hard search’ credit check when you apply. This can have an impact on your credit report, whether you’re approved for the loan or not. Short term loans no credit check direct lenders are operating outside of the authorisation of the FCA. You should not use their services, as you could be at risk of fraud, and would not be protected by the FCA price caps.
As a broker, we are able to carry out ‘soft search’ credit checks. This is similar to when you check your own credit report – there’s no impact on your credit score, and no record of it kept on file.
Our service matches you with the best short term loans bad credit direct lender. It is important to note that they will run a credit check as part of your application, but if the information provided in your application is accurate, there should not be any issues at this stage.
Does LoanBird offer direct short term loans?
LoanBird is not a short term loans UK direct lender. We help you find the best match, who will be able to offer you direct short term loans. Please note that we do not make any decisions when it comes to lending, and are unable to provide direct short term loans to any applicants. Each of the companies that we work with are fully authorised and regulated lenders. They make their own judgements when it comes to approving applications.
Why choose LoanBird for short term loans in the UK?
One of the many reasons that already has many happy customers is that we’re able to match our applicants with the best short term loans in the UK for their specific needs – and we do it very quickly! In fact, it normally takes just a few minutes for us to find your ideal lender.
We accurately search a large majority of the best short term loans bad credit direct lenders to ensure our applicants find a direct short term loan that suits their requirements. Our fast and free service isn’t just convenient though, it provides fully tailored loans to any individuals who choose to use it.
What is the application process like for short term loans for bad credit?
When you apply for short term loans online through LoanBird, you aren’t treated any differently no matter what your credit score is. Every application goes through the same straightforward application process. Simply fill out our simple application form, telling us how much you need to borrow, how long you’d like to repay it. Add in a few details about yourself and we’ll do all the hard work for you!
How can I be sure short term loans online are safe?
There are a lot of scams out there and it’s important to take steps to ensure that you are protecting yourself and your money as best as possible. As a general rule, never take out short term payday loans with a company that offers one to you out of the blue. At LoanBird, we’re here when you need us, but we would never pressure you into taking out a loan.
You should also double check that you’re on a secure site before you submit any personal or financial information. Do this by looking for a padlock symbol in the address bar of your browser.
Another smart move is to avoid any companies that ask for you to send them any fees or other money upfront. Some scammers may say they require a transfer from you so that they can be sure they have the right details. This simply isn’t true. Neither LoanBird or any of the short term loans direct lenders UK companies we work with will ever ask for money upfront.
Do the repayment rates stay the same with short term loans UK direct lenders?
As a general rule, the direct short term loans that are available through LoanBird are offered with fixed interest rates. This means that for the entire duration of your loan, the repayments will stay the same – this can help you to plan your budget each week or month. However, we would always advise to check the interest rates, repayment dates and amounts with your chosen short term loans UK direct lender before you sign the agreement.
How are short term loans online repaid?
Your repayment terms will depend on the information that you provide during your application. Most short term loans direct lenders in the UK will time your repayments with your normal pay date from your work. They will usually use a Continuous Payment Authority (CPA), although some will allow you to make repayments directly if you prefer. Always double check with your direct short term loans provider before signing the loan agreement.
Can I cancel a short term loan after I’ve taken it out?
With all types of credit, including short term loans for bad credit in the UK, you’re entitled to a 14 day cooling off period from the date you sign your loan agreement. This means you can cancel short term loans in the UK within the first fortnight, and simply pay back what you borrowed along with any interest accrued on the direct short term loans up until your cancellation date.
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