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Short term loans from £100 to £10,000

Get the loan you need in your account by 18:31

Free, no obligation quote
Instant decision
Same day payouts

Representative 49.7% APR

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

What are Short-Term Loans?

An alternative to traditional UK payday loans

Short term loans are instant credit solutions that require no collateral. Loans are typically borrowed and repaid within a 12 month period with several instalments. Many people seeking a short-term loan are facing an urgent or unexpected cost such as an unexpected bill.

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

Short-Term Loans vs Payday Loans

What is the difference between a short term loan and a payday loan? 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 a number of months across several instalments. Both types of loan come with benefits, however, not every loan product is going to be the right one for you and 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 the 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

To apply, simply complete our free step by step online loan application. It only takes 2-3 minutes on average to complete.

NowLoan 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 transferred on the same day direct to your bank account.

Your loan search and resulting quotes through NowLoan leave no footprint on your credit score. 

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