Apply for a short term loan. You can borrow from £50 to £1000 for up to 30 days.
Representative APR 1737% (variable). If you were to borrow £300 for 30 days the total amount repayable would be £375.
Short term loans for any purpose
People can find themselves needing short term payday loans for a wide range of reasons. It could be because of a family emergency meaning that they are unexpectedly required to travel, an unexpected bill such as a car repair bill or even an urgent trip to the dentist. It could of course just be the case that you are short of money before your payday.
There is nothing worse than knowing you have no money until payday. Things like buying food or needing money for electricity or gas meters can be a huge worry, especially if you have children. If you can afford to repay it, short term payday loans can be a great solution. Unlike traditional bank loans, you can apply right away for a payday 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 easy
Whatever the reason, applying for a short term loan is extremely easy. All you need to do is fill in a very short 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.
Short term loans and bad credit
Normally getting a loan with a bad credit history is not a huge problem as long as the ability to pay back the loan is shown. While best efforts are made to find a lender from the panel willing to offer the loan are made, an offer of finance is not promised or implied.
Short term payday loans are not a debt solution. If you find that you are often short of money it is well worth seeking independent debt advice. Here you can find the details of places to get free debt advice.
How do short term loans work?
Once you complete your 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 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 loan 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. Payday loans do not have guaranteed approval.
To apply for a loan you must be 18 years old or over and a UK resident receiving a regular income. It is very important that you do not commit to getting a short term loan if you cannot afford to make the repayment.
How much does it cost?
When you initially look at the interest charges on short term loans they seem extortionate. 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 £300 for 30 days the total amount repayable would be £375.