Get a short term loan

People need quick short term loans for a wide range of reasons. It could be because of a cash emergency, an unexpected repair bill or it could of course just be the case that you are short of money before you get your wages.

It is not pleasant knowing that you have no money left until payday. Simple things like buying food or needing money for electricity or gas can be a huge worry, especially if you have children.

If you can afford to repay it, a short term loan can be a great help. Unlike traditional loans from banks, you can apply only for a short term loan without the need for an appointment.  If your application is successful you can often have the money paid into your bank account within the hour.

Applying for a short term loan is simple

Applying for a short term loan is quick and simple. All you need to do is fill in a very small form online, it should only take a minute, and getting approved is almost instant most of the time. Often you can have the cash paid into your bank account within the hour. You can apply for a short term loan 24 hours a day 7 days a week. Most of the time loan applications are 100% online and require no faxes or phone calls.

How do quick short term loans work?

Once you complete your short term loan application, your details are sent to an approved panel of lenders to see who can offer you a loan at the most competitive rate. If one or more lenders can offer you a loan you will be offered the best deal. You are not committing to anything until you sign the electronic loan agreement. If you agree to the best deal payday loan that is offered to you it’s just a case of waiting for the money to be paid into your bank account, which can often take less than an hour. Short term loans do not have guaranteed approval.

Frequently asked questions

Can I get a payday loan?

Our payday loans aren't too difficult to get as long as you meet our minimum requirements although there can be exceptions and loan approval is not guaranteed.

Here are the minimum requirements to consider before you apply:

  • You must be over 18 years of age.
  • You must be a UK resident and eligible to work.
  • You must be employed and receive a regular take home salary of £750 per month or more.
  • You must have a UK bank account that accepts direct debits.
  • You must have your wages paid directly into your bank account.

Payday loans with bad credit

If you have a poor credit history you can still get a payday loan, it is not a normally a problem as long as you can demonstrate the ability to pay back the loan. While best efforts are made to find a lender from the panel of short term lenders willing to offer the loan are made, an offer of finance is not promised or implied.

Payday loans are not a debt solution. If you find that you are often struggling financially it is well worth seeking independent debt advice.

Free Debt Advice

When you are worried about debt it often feels like you are facing it all by yourself. There is help on hand with several agencies offering free independent debt advice.

 

The costs of payday loans

Interest charges on payday loans look high if you look at the representative APR of 1737%(variable). This is because payday loans are for short periods of time, up to a maximum of 31 days. The average cost of a loan is £25 for every £100 borrowed.

Representative APR is 1737%. If you were to borrow £200 for 30 days the total amount repayable would be £250.

Loan AmountTotal to Repay
£50£62.50
£100£125
£200£250
£300£375
£400£500
£500£625
£600£750
£700£875
£800£1000