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Representative example: Borrowing: £1,200 Interest: 0.34% per day for up to 75 days (124% per annum, variable) Representative: 49.7% APR (variable)
Short-term loans or instalment loans are some of the most common types of personal loans available, and they can be invaluable in the case of unexpected emergencies. They also give the recipient the opportunity to split up their payments over a longer period of time than a payday loan would without the headache of looking at a loan that will take several years to pay off. Typically, these loans last for about a 12-month period and are unsecured, meaning it requires no actual collateral.
NowLoan provides a few different options for those needing some temporary financial assistance, including short-term loans. For those situations where a payday loan isn’t quite appropriate (either because of the amount of money required or because of the length of time needed in order to pay the loan back), short-term loans could be your best bet. NowLoan will securely search for the loans with the best rate from our panel that you are most likely to be approved for, saving you the trouble and frustration of multiple applications (if the first one is not approved) and possibly having your credit file rejected from multiple applications. .
NowLoan will ask you a series of questions when using our quote form to determine how much money you need, the time frame you will need to pay it back, and which lenders are most likely to approve your application. Once you’ve been given your list of lenders, all it takes is filling out that lender’s application, and you’re on your way to alleviating your financial situation! Let NowLoan help you get the money you need, when you need it, knowing that your information is safe.