Short-Term Loans

GET UP TO £10000 FOR ANY PURPOSE INSTANTLY!

  • Flexible repayment term
  • All credit scores accepted
  • Best interest rates in the industry
  • No early repayment fees
  • No late payment penalty
Loan Process

Meeting urgent requirements in the middle of job loss, slashed income, and rising living costs have become almost impossible. In this scenario, getting a personal loan is practically impossible. Some expenses cannot be deferred. Here, short-term loans fill the gap.

Short-term cash loans: cover any sudden financial need without the wait

Short term loans are defined as unsecured offerings where no security is demanded as collateral for approval. One can borrow up to £10000 to manage unexpected expenses. You can apply for planned expenses as well.

Anyone can avail of these loans. The lender asks for income proof as a primary criterion for affordability. Having a good employment status is a sure-fire way to get approval. No more fret over a declining credit score. You can apply with good, bad or poor credit scores.

These small short-term loans are expensive. Loan providers charge competitive interest rates because the loan lacks the provision of collateral or a personal guarantee. The rates are favourable in terms of easy availability of loans at minimal eligibility requirements.

Students, single mothers, unemployed, senior citizens, business owners, retired personnel, and anyone needing small loan assistance can apply for short-term personal loans.

We follow authority guidelines while granting loans. The primary focus is on providing needed assistance personalised to your circumstances.

When a short-term loan is the best solution?

Every loan shares a unique purpose, and similarly, small loans have one. It is not suitable for every purpose. It might not be apt for you if long-term goals are in your list such as buying a home. Many times, you must have faced urgent money requirements to attend to time-sensitive issues, like:

  • REPAIRING A BOILER
  • CAR-WINDOW REPAIR
  • UNAVOIDABLE DENTAL ISSUES
  • URGENT MEDICINAL EXPENSES
  • INSURANCE RENEWALS
  • LAST-TIME BILL AND SUBSCRIPTION PAYMENTS
  • TUITION FEE PAYMENT
Short term loans

If you have any of these needs or similar requirements, you can check out the best quotes on the platform. Other reasons small loans can be apt are:

  • RAN OUT OF MONEY BEFORE SALARY DAY
  • YOU NEED ONLY A SMALL AMOUNT
  • YOU REQUIRE MONEY URGENTLY AND THE SAME DAY
  • FIND IT CHALLENGING TO QUALIFY WITH MAINSTREAM LENDERS OWING TO CREDIT SCORE

If you lack savings and need immediate cash assistance, explore different options for a short-term loan from a direct lender.

What advantages do short-term loans share over other loans?

Taking out a short-term loan can be useful in multiple ways. It is one of the popular offerings in the UK. The reasons for that are listed below:

1) Fast online process

One can fill up the application form within minutes online and get the cash within 15 minutes. Be it a no-credit-check loan, instant cash loan or loan for the unemployed, you can get cash quickly.

2) Repayment flexibility

These loans usually have a shorter repayment period. You can pay the loan according to the repayment ability and circumstances. We have multiple options for you to choose from. So, whether you would like to spread the payments or pay them early, you share the freedom to decide. It entails no fee.

3) Get short-term cash on bad credit

You can borrow up to £10000 without worrying about your credit score. We provide short-term loans regardless of the credit profile. Demonstrate valid income proof for loan repayment.

Should you go for payday or short-term loans from a direct lender?

You must be confused regarding the usage, as payday loans have similar uses as short-term loans. They are not entirely similar.

Short-term loans
  • These are instalment loans that allow you to spread payments according to affordability over a fixed time.
  • Short-term loans help cover urgent and planned expenses. For example- you can cover pre-planned educational and higher studies expenses.
  • You can borrow up to £10000.
  • These small personal loans are available at the affordable interest rates in the market.
  • These small loans offer more flexibility to the borrower to spread payments into affordable halves.
Payday loans
  • These loans are bound to a 30-day repayment period. One has to pay the complete amount in a single instalment.
  • These loans cover emergency expenses. One should apply for short term payday loans on bad credit only in urgency.
  • One can borrow only up to £1500
  • Interest rates on these fast cash loans are higher than on small personal loans.
  • Non-repayment of the loan on the due date leads to payday loan arrears affecting the credit score.

In short-term loans, lenders analyse ongoing financial behaviour like direct debits and credit card payments and the debt-to-income ratio before granting the funds.

Some loans for priority expenses can lead to overwhelming debt. If you want to avoid any risk of defaulting on a loan, short-term financing is an ideal option.

The best part about small funding sources is that you get the loan within 15 minutes than other loans on minimal eligibility. You can spread the payments according to flexible loan terms.

When applying for short-term loans from a direct lender, analyse the terms and conditions, requirements, and overall loan costs.

Can one get small short-term loans on bad credit?

There are multiple incidents that one faces in life. You must have encountered crucial and challenging phases in life like- inflation, unemployment, and slashed salaries owing to pandemics. It is a situation where battling an uninvited financial need becomes a priority.

On top of that, bad credit eliminates one from securing urgent loans. Lenders consider risks in lending funds in this case. What to do?

You explore possibilities to secure the funds- by contacting friends or family. Sometimes, it’s all in vain. In this situation, one often thinks, “Is there any source that can offer me guaranteed funds at this crucial moment?”

Here short-term loans fill the gap.

Individuals facing credit issues and an urgent need for money can apply for small short-term loans on bad credit.

One can borrow these without worrying about past credit delinquencies and credit scores. We approve the loan instantly at minimal income proof and existing payment management.

You can also apply for a short-term loan on benefits if you lack a credit score and a stable income source in unemployment. These benefits include assistance provided by the government to unemployed individuals.

Taking a small loan and repaying it timely or before time helps improve your credit score. It helps one qualify for large and long-term loans in future. Get the best short-term cash for bad credit at minimal obligations.

The loans eliminate every need for collateral, a guarantor or a co-signer to qualify for short-term loans on bad credit.

WE DO NOT CHARGE ANY LATE REPAYMENT FEE ON SHORT-TERM LOANS ON BAD CREDIT.

You do not have to worry about borrowing a small loan with a less than perfect credit score with us. You can check and calculate everything on the short-term loan calculator for the exact loan fee and other affordability aspects.

Short term loans with no credit check: apply without leaving a credit footprint

If you lack the strong credit history, you cannot get a personal loan. If lenders do provide one, several credit checks hurt the credit score. It further eliminates the possibility of getting any.

It is the primary reason for seeking short term loans with no-credit-check. While providing these, lenders only conduct a soft credit check to determine the loan affordability. It does not impact the credit score.

Short Term Loans from Direct Lenders

If you lack an appreciative credit score and need urgent funds, you can apply for these loans. Here is how you can do so:

  • STEP 1: Click on the “APPLY NOW” button

    When you explore the site, you will see ‘apply now’ option, click it and enter your details.

  • STEP 2: Receive a confirmation call

    You will have a call within a few minutes from our representatives confirming the requirement. The representative help you choose the right amount according to loan affordability.

IF YOU WANT TO SETTLE YOUR LOAN EARLY, YOU CAN DO SO.

WE DO NOT CHARGE INTEREST ON THE REMAINING LOAN PERIOD.

YOU PAY ONLY WHAT YOU OWE

What if you fall on repayments owing to a pandemic or sudden money loss?

Short-term loans help avoid any complications regarding seeking different modes to get payment assistance. You may qualify for small loans easily. When lenders conduct a soft credit check, they ensure you have the ability to repay the loan along with meeting your personal obligations.

We understand that getting into arrears can be a nightmare, and we take all the necessary steps to ensure a risk-free borrowing.

If you fall back on making your first payment, we waive it.

Contact us immediately if you are unsure of continuing short-term cash loan repayment due to sudden job loss or any other bad luck your way. Because if you don’t, you may enter into a short-term loan debt trap which could further affect your credit standing. We try to prevent our customers from falling into the debt circle by taking the below measures:

1) Revise your loan repayment term

If you need additional time to pay the loan, we can re-schedule your payments. You can opt for a repayment period from 3, 6 or 12 months according to your convenience.

2) Modify interest on the loan

In extreme situations, we take this step to help our customers in hardship. If you find the loan troublesome and unmanageable, talk it out with lenders.

After evaluating all aspects - such as the income of the spouse and other sources of income - the lenders revise interest rates.

We DO NOT guarantee modification in the interest rate, but yes, individuals can approach us for a suitable solution.

Defaulting on a loan may lead to legal action by loan providers. We do not mark CCJ on your credit profile right away. But help you get through the situation with expert solutions.

Short-term loans eradicate every fear and worry associated with any cash urgency. Contact and get cash in 15 minutes if you have any such need!

CashFacts- FAQs

FAQs

Here are some major questions that our customers ask the most. Check these for better clarity.

What do you need to qualify for short-term loans?

You need to follow some parameters to qualify for short-term loans:

  • You must be a UK citizen
  • You must be 18+ years of age
  • Must be in a full-time or a part-time employment
  • Salary requirement- £1500/month
Are there any hidden fees associated with small personal loans?

We keep all the terms upfront and practice transparency while lending loans. You will always know the total loan amount, repayment amount and loan tenure. If you miss keeping track, we provide you with a complete overview of the pending payments and the flexibility to cross-check the same.

What are the different types of short-term loans to borrow?

According to your requirement, you can borrow doorstep loans, instant cash loans, payday loans, and no-credit-check loans on the platform.

How to improve your chances of loan approval?

Here is how you can improve your chances of loan approval:

  • Use an eligibility checker to figure out the right amount to borrow
  • Review your need and choose right
  • Check recent credit behaviour
  • Keep income proof ready
  • Fill out your application and check for errors
Are small personal loans safe?

Yes, these are safe loans. Borrow after evaluating the terms and affordability.

I want short term loans for bad credit near me. Does CashFacts Offer?

Yes, we do.

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