Short term loans from £100 - £5,000 in minutes

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Won’t affect your credit rating 
Same day payouts

Representative 49.7% APR (variable)

Representative Example: If you borrow £2,600.00 over 36 months at a Representative rate of 49.7% APR (variable) and an annual interest rate of 41.00% (variable), you would pay 36 monthly instalments of £126.61. The total charge for credit will be £1,957.89 and the total amount payable will be £4,557.89.

Short-Term Loans

What are Short-Term Loans?

An alternative to traditional UK payday loans

Short-term loans are instant credit solutions to a borrowers current financial situation. The loans are typically borrowed and repaid within a 12 month period of several instalments. The majority of people seeking a short-term loan are usually facing an urgent or unexpected cost. This is because this type of term loan requires no collateral.

Our panel of direct short term loan lenders require no security assets and no guarantor meaning you could receive funds the same day in your bank account.

Get a free loan quote now!

Short-Term Loans vs Payday Loans

Short-term loans and payday loans equally have their purpose and benefits. However, not every loan product is right for you. Payday loans can be lifesavers in times of need when you run out of cash a few days before you receive your monthly income. A payday loan is mostly repaid over a term of a month, or less if based on your next payday. Whereas, a short-term UK loan is repaid over several months broke down in several instalments. Both types of loans should be used primarily in emergencies and not as a steady form of income.


  • Instant cash
  • Monthly instalments spread over several months
  • Time to plan and prepare repayments
  • Free, easy to use, customer-grade application
  • Specialised short-term loans (for bad credit, for unemployed)
  • Immediate financial resolution
  • Unsecured loan, no guarantor needed
  • Short-term borrowing

Short-Term Loans for Bad Credit

Having a bad credit rating used to mean the inability to receive a loan or financial assistance, however, this is no longer the case. Some lenders on our site offer loans to those with poor credit scores. If you have bad credit and have previously been rejected by conventional loan lending agencies, complete our application, and within 90 seconds receive an instant short-term loan decision.

Is a Short-Term Loan Right For You?

Preparing to apply for a loan is a big decision. The amount you need to borrow, the length of the term, and how much you can afford to pay overall must be considered. Have you received a surprise utility bill? Has your main vehicle broken down? Or does your home have an urgent leak or repair that needs taken care of? If so, then a short-term loan may be right for you.

Apply for an Instant Short Term Loan with NowLoan

If you are interested in proceeding to apply for a UK short-term loan, then you need to complete our online, free application. Our application will take each detail provided and match it to a lending agent willing to say yes. We will never charge fees or extra costs. NowLoan is a short borrowing term loan direct broker, authorised by the FCA. Get an instant term loan decision, with cash same day direct to your bank account. Whether you choose to go ahead and finalise your lending decision, there will be no footprint on your credit score by receiving a quote. Click here to apply today for a no strings attached short-term loan quote.

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