Are you in need of a short term loan? If so, below you will find all UK lenders and brokers that offer instant short term cash loans. Most short term loan companies on this site will offer instant short term cash loans within 24 hours, some within the hour! Below you will find most of the required information on each provider. If you require to know more about the short term loans that they offer then click on the ‘more info’ tab. If not, then click on the apply button to be taken to the short term loans UK lender or brokers website where you can get further details on the loans that they provide.
If you are unsure as to whether obtaining a short term loan online is for you then scan the comparison table below for a full guide.
| LENDER | TYPE | MORE INFO | LOAN AMOUNT | REPAYABLE ON £100 / REPRESENTATIVE APR | ID REQUIRED | DEBIT CARD REQUIRED | SAME DAY TRANSFER | CREDIT CHECK | APPLY |
|---|---|---|---|---|---|---|---|---|---|
Payday UK | Lender | More Info | £80 - £750 | £125 / Representative 1,737% APR | Bank and Debit Card Details Only | Yes |  | |  |
| Payday UK state they are the fastest Payday Loan company operating in the UK with an online process from start to finish. You will have your loan approved instantly and will receive a cash advance on the day you apply, paid directly into your bank account as cleared funds. What's more, there is no need to fax or supply any documentation. You may borrow from £80 - £750 and can get funds deposited into your bank account on Saturdays and Sundays! | |||||||||
Gatekey Lending UK | Broker | More Info | £50 - £1,000 | £125 / Representative 1737% APR | Personal and Employment details | Yes | | Depends on Lender | |
| Can borrow up to £1,000. Do not worry if you have a poor credit history or a low credit rating due to CCJs. Unlike other loan providers, they will provide a payday loan regardless of your credit history. Sameday transfers available and have the simplest 1 page application amongst all payday lenders, so after 1 minute you will know if you can get a short term loan ! | |||||||||
Payday Express | Lender | More Info | £80-£800 | £125 / Representative 1,737.2% APR | Generally not required | Yes | | | |
| Can borrow £80 - £800. Simple online application with an instant decision. Same day cash transfers before 4pm. They charge £20 for every £80 borrowed |
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QuickQuid Payday | lender | More Info | Up To £1,500 | £120-£129.50 / Representative 2,278% APR | No-nothing to fax, no paperwork to post | No | | | |
| Accept poor credit applicants. No fax, no paperwork required. 5 minute application. Can borrow over 2 pay periods and apply for a loan extension. | |||||||||
Speedy Payday Loan | Broker | More Info | £100 - £1,500 | Dependent on Lender | Personal details, income information and I.D. details | Yes | | Depends on Lender | |
| Speedy payday loans offers Payday loans anywhere from £100 - £1,500, due upon the individuals next pay date. Taking out a loan from a bank can be time consuming and require heavy paperwork. Speedy payday loans can provide you with the money you need without any delay or hassle. No faxing of documents required. | |||||||||
Payday Bank | Broker | More Info | £80-£750 | £125 / Representative 1,286% APR | No documents required | No | | Depends on Lender | |
| Can borrow up to £750. Accept MORE applications than any other payday lender. 2 minute application and instant decision. Same day cash available. No paperwork required. Bad credit does not affect loan approval. Can rollover payday loan to multiple pay periods. Payday Bank are possibly the largest payday company in the UK, they have the highest acceptance rate for those with bad credit and due to their size are able to get you your payday loan straight to your bank account within hours | |||||||||
Provident Personal Credit Loan | Lender | More Info | £50 - £500 | £140 (over 14 weeks) / Representative 272.2% APR | You will require proof of ID, address and income. | No |  | | |
| Can borrow up to £500. We could lend where others won’t, unemployed, persons on benefits and those with bad credit! Our personal service means we treat everyone as an individual so we’ll base your loan on your circumstances, not just your credit history. It’s all part of the Provident commitment to help our customers by being open, honest and up-front so we’ll always make sure that any loan from us will be for an amount that you can afford to repay. We ACCEPT people on BENEFITS and the UNEMPLOYED! |
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Short Term Cash Loans Guide
You may be the sort of person who doesn’t pay much attention to detail, or perhaps are in a rush to obtain your short term cash loan. Whatever the case, you should read on before applying as it may help in getting accepted for that short term cash personal loan.
Some short term loan lenders charge you a fixed amount of interest however, some lenders will only charge you interest on the days that you borrow the loans for. If you are only looking to borrow the funds for a limited time, say seven days or so, it could save you lots on interest charges by picking the right short term loan lender.
If you feel that you may struggle to repay the short term payday loan within 30 days. Most short term loan provider will allow you to borrow over multiple pay periods. You will end up paying more in interest payments however, it will make the loan more affordable.
For those that have missed recent financial repayments or have bad credit and are looking for short term loans no credit check. You are far more likely to get your short term loan accepted by a broker than a lender. This is because most short term brokers have access to multiple lenders who will accept bad credit applicants.
Lastly, be realistic on the amount of the short term loan you are looking for. The majority of short term loan providers will base their decision of loan amount on the amount of monthly disposable income that you have. For the majority of applicants, most lenders will only offer short term loans for £100, £100, £300 and £400. They usually offer larger amounts for repeat customers.
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Short term loan lenders criteria?
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Most short term loans UK companies have the same criteria you have to meet in order to be accepted for a short term loan
- UK resident
- 18 years of age
- That you are in regular employment and have a working bank account
Some providers have a minimum income requirement. Please click on the ‘more info ‘ next to the relevant provider in order to find if this criteria is relevant to your chosen provider.
If you are looking for short term loans for the unemployed or on JSA, Provident Financial are the only lender who would be willing to lend short term loans for bad credit, those on benefits, or on JSA.
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Short term loans – The application process
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If you are in need of a short term personal loan, what is the process to get this short term advance? It is wise to check comparison sites such as www.shorttermloanscompared.co.uk to see what is on offer. If you then see a short term loan lender that looks suitable then click on the apply button to be taken to their website. At which point you can get further details on the loans that they provide.
All short term cash providers on this website are legitimate lenders based in the UK. They all offer short term cash advances via a secure online application. All providers will provide all relevant information such as APR of the loan and contact information if you have any further questions or issues with regards to the short term cash loan.
When you are in the position to apply for your loan, you are only required to complete a simple online application which usually takes around five minutes. At which point you may be given an instant decision or contacted within the hour by email as to whether you have been successful on your application.
Once you have been given an acceptance for your short term cash loan you will be required to complete some sort of e-declaration. This is your binding agreement of the acceptance of the terms of the loan and that you are happy to proceed.
This whole process usually takes around five minutes to an hour. So whether you have applied for a short term loan of £100, £200, £300 or more, it really is a painless process.
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Repaying the short term payday loan
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The majority of short term loan providers offer two options with regards to repayment of your loan
- By direct debit to withdraw funds from your bank account at a set date
- Alternatively, by charging your debit card at a pre-determined date
If you are struggling to repay your short term cash advance it is wise to contact the lender in order to make arrangements and you would be wise not to ignore the issue.
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What other options are available other than a short term cash advance?
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You may have already exhausted other avenues such as
- Friends and family
- Your bank – This can sometimes be a long process but you may be able to get more favorable rates of interest however, most loans have a minimum term of at least a year and as such may cost you more in the long run.
- Credit Card- This would also depend on the rates charges and also by only paying off the minimum balance may also cost you more in the long run.
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Short term loans – time to make that choice
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Only you can decide if a short term loan is for you. They are an easy way to obtain that much needed short term cash loan
