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Top Short Term Loans

The Lenders List is a free online directory designed to help those looking for short term credit options to compare short term loan lenders who meet our business standards. Our list consists 30 different lenders who we have carefully chosen to ensure that they meet the following criteria:

  • Direct Lenders Only – in order to qualify for our list of lenders, each business must be classified as a direct lender. This means that the represented company will directly process your application, and transfer the funds to your account and that the company is not acting as an intermediary between you and the actual lender
  • No Brokers – the lenders we choose to work with are not brokers and, therefore, will not take automatic broker fee from your account when you apply
  • Responsible Lenders Only – we only list the direct lenders that have a valid consumer credit license and follow the guidelines of the Financial Conduct Authority in full

Short term loan lenders typically require the certain minimum criteria to be met in order for a borrower to be considered eligible. This includes a minimum age requirement, set at 18 years of age, as well as proof of employment or other income. Minimum income requirements may exist depending on the amount being requested, along with the results of any credit checks used to make a lending decision.

Short term loan lenders may offer unsecured and secured loan options depending on a variety of factors. While unsecured loans do not require any collateral, secured loans may require the borrower to pledge an asset, such as a car or home, in order to lessen the risks associated with borrower default.

SafetyNet Credit

SafetyNet Credit

Peachy Loans

Peachy Loans

Money Boat Loans

Money Boat Loans

Short Term Lenders

Short term loans are broken into two categories; payday loans and instalment loans. Borrowers are able to request any amount up to £1,500, with most approved borrowers receiving the requested funds on the same day that the application was submitted and processed.

Payday loans often have repayment dates that correspond with a borrower’s next available salary payment, at which point repayment is required in full. This makes working with a payday loan lender ideal in cases where you need cash quickly in order to handle an emergency or other unexpected expense and anticipate being able to easily return all of the funds, plus applicable interest, with your next salary payment.

Short term instalment loans are also designed to provide cash quickly, but are generally subject to repayment over the course of a few months’ time, up to one year. Standard repayment terms are often based on the precise amount borrowed, with 3, 6 and 12 month options being the most common. This provides a responsible option for borrowers who need quick cash but are unable to repay the entire amount with their next salary payment. The amount required for full repayment is broken into multiple payments, referred to as instalments, with each repayment amount reflecting a portion of the principle along with any interest due.

Short Term Loan Lenders Direct

Only direct lenders are included within The Lenders List. This ensures that once you begin to work with a short term loan direct lender that your business will not actually be directed to another party. This prevents any questions regarding who is receiving your information, who is providing the funds, who is performing the funds transfer, and who will be owed repayment. This helps protect your personal information by limiting who will have access to your personal details, including information regarding your bank account, details about your current residence, or information about your current place of employment.

Additionally, the policy of only including short term loan direct lenders helps ensure your application will not be subjected to any unnecessary fees and will not be distributed to a large number of potential lenders without your direct knowledge and agreement, as may occur if your loan request was processed through a broker.

Short Term Loans Online

Short-term loan applications can be submitted in a variety of ways. If a borrower prefers to submit their information in person, various stores and financial institutions, such as banks, may offer in-person short term loan services. A more common process is to complete your short term loan application online. Some lenders even offer mobile-friendly version of their application, allowing a borrower to apply from home or while on the go, all through their smartphone or tablet. With online signature technology, you do not even have to step foot in a business in order to complete your application

Once the application is received, the short term loan lender will contact the borrower to confirm any additional details. If approved, the short term loan lender will give you the details, or terms, of your loan and will arrange to transfer the requested funds directly into the bank account you designate, with many lenders providing funds on the same day.