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Short Term Loans from £100 to £5,000

We match your details against 40+ direct lenders to find you the best quote. No obligation. No impact on your credit score•

Representative APR 8%

Representative example: £500 borrowed for 90 days. Total amount repayable is £672.60. Interest charged is £172.60, interest rate 140.0% (variable).

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 lenders enforce no security assets and no guarantor short-term loans, meaning you can 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
  • Less interest to pay
  • Boost credit score

Short-term loans are paid in several instalments across six to twelve months. The ‘short’ refers to the length of the loan. The length of the term loan is crucial as it attributes another advantage of these loans. The last thing someone experiencing financial distress needs is a loan burden that lasts several years. As the repayments are spread out, term loans monthly repayments are more affordable, in comparison, than payday loans. Receiving instant cash with a short-term loan allows immediate relief from financial hardship, but also gives you time to plan and prepare the repayment of the loan. There is less interest to pay with a short-term borrowing loan.


Increase Your Bad Credit Rating with Short-Term Loans

Having a less than perfect credit rating is not unique. With the prices of almost all necessities increasing over the past few years, many families find themselves just getting by month in, month out. Taking out a term loan means short-term borrowing and time to plan your repayments. Paying the borrowed money back in full is a great opportunity to increase your poor credit rating. A short-term loan can provide instant cash to resolve any immediate concerns while reaping benefit later on. Discuss with one of our lenders how you can plan your finances to accommodate the money you are borrowing. This will result in wholly repaying the loan and an improved credit rating. An improved credit rating means more financial stability and rewards.


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. Bad credit short-term loans are specifically for people with poor credit seeking urgent money. Our site offers a variety of loans targeting different individuals, such as; short-term loans for the unemployed, short-term loans for bad credit, short-term loans for people on UK government benefits. 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. The accessibility of online UK short-term loans is a huge convenience for customers and money can be received directly to your account the same day. Have you received a surprise utility bill? Has your main vehicle broken down? Or does your home have an urgent leak or repair needs taken care of? If so, then a short-term loan may be right for you. As long as you can repay the loan back in full, our lending agents will accept your application. * If you feel you require more one-on-one attention and wish to explain your finances explicitly, we recommend you read about our doorstep short-term loans. Where a qualified lender from our panel will visit your home and return for the repayments.


The Best Short-Term Loans Direct Lender

The best short-term UK loans bring urgent financial relief to a borrowers’s current financial circumstance. Finding the perfect direct loan lender can be difficult with some overpriced, unscrupulous lenders online. We work exclusively with lending agencies who are all authorised under the Financial Conduct Authority (FCA). We recommend inquiring which companies are FCA-licensedbefore engaging in financial contracts. A number of our lenders offer speciality loans such as loans for the unemployed and term loans for bad credit. Our system can capture each detail and cross-reference it to find you a lender, and money, today!


Apply for an Instant 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 hereto apply today for a no strings attached short-term loan quote.