Flexible short-term loans in the UK
With people wanting to borrow smaller amounts of money for shorter periods of time, short-term loans have grown in popularity. Reflecting this, many direct lenders are now offering an increasingly wide selection of online short-term loans. Enabling people to only borrow the money they need; these loans feature repayment plans that last just a couple of months. Usually, for sudden, emergencies, a short-term loan enables you to quickly get access to the money you need to navigate an unexpected event.
Q1 – How do I find the best short-term loan?
Q2 – Which direct loan lenders are best?
Q3 – Can you get short-term loans with bad credit?
Q4 – Short term cash advances – Are they expensive?
Q5 – Can I get a loan without a credit check?
Q6 – What’s the alternative to a no credit check loan?
Q7 – Are there any cheap short-term loans?
08 – How do I get a short-term loan?
Q9 – What are the dangers of a short-term loan?
Once considered expensive and not in the best interests of customers, The Financial Conduct Authority now heavily regulate the short-term loan sector and interest rate caps have been introduced. Upwards only works with regulated direct lenders and have strict criteria for lenders to join our panel.
To help you make the most informed decision you can, our panel direct lenders features a selection of the most well-known and reputable money lenders currently operating in the UK. Chosen because of their reputation and willingness to provide loans to people who would usually have difficulty being approved, all of our lenders are fully authorised by the FCA to operate in the UK.
By enabling you to quickly compare the best loans on offer, you can make an informed decision before deciding which lender you wish to borrow from. Not only will this maximise your chances of getting the right loan for you, but it also means you will get access to the most competitive interest rates; ensuring you repay your loan as quickly as possible. With many of our applicants successfully getting the money they require, we are confident that we can help you, no matter your needs or financial background.
They are suitable for people requiring a sudden and quick small loan that can be repaid in a short period of time. With our panel of lenders focused on providing short-term loans for applicants with bad credit, we can help you quickly identify the best and most competitive loan for you. Doing everything we can to help you get the money you need, we are proud of the fact that many applicants who successfully complete our application process are approved; getting the money they need in just 15 minutes*
Because the reasons behind the sudden need for such short-term loans are often stressful, our application process is short, simple to complete and can be completed online.
short-term loans are not designed to be a long-term financial solution. Think carefully before taking out any type of credit.
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Short term cash advances – Are they expensive?
An obvious concern for anyone needing to borrow money is how much it will cost them in terms of interest and other fees. This is no different for people looking to take out a short-term cash loan. First, Upwards does not charge any fees. This means we will process your application instantly, find you a selection of the very best loans for your circumstances and help protect your credit score by enabling you to perform a Soft Credit Match, all for free. The annual interest rates advertised for short term cash advances appear very high, as they are taken over a period usually of around 2 months, so an annual interest rate isn’t really comparable. Short term cash loans are more frequently used by people who have been declined for credit through their bank or other mainstream lenders, meaning the rates charged will be higher. Lenders generally operate on a rate for risk basis, meaning the better your credit score, the better the rate available to you. Always check how much the monthly repayment, the total amount repayable and the amount of interest you are being charged before committing to any financial product.
Even if you have bad credit, we may be able to offer short-term loans that feature attractive repayment periods and competitive interest rates. Of course, the size and length of a loan often influence the chances of you being approved. Our ‘soft search’ technology means we can search our panel of lenders to find you a loan without impacting your credit score.
Wanting to give applicants as much freedom as possible, direct lenders in the UK are now offering an incredible selection of options, including how much you want to borrow and how long you need to repay it back. From loans designed to be repaid quickly or over a longer period, our extensive panel of lenders ensures you will have access to one of the largest selections of lenders operating in the UK. Not only does this significantly reduce the time it takes to get the money into your account, but it also increases your chances of being quickly approved.
To reduce the time needed to search for the right loan, we provide a simple application process and an instant decision on your application; helping you get your loan as quickly as possible. Therefore, next time you see an advert for short term loans with no credit check, remember, they are not telling you the truth, and by searching through us, you have a greater chance of being approved by a reputable and accredited money lender that will assess your application on criteria other than just your previous financial history.
No matter the urgency of your loan, nor the amount you need nor the time you want to repay it back, we are confident that we can help you find the very best loan for you without you having to compromise on what you want. Fully authorised and regulated by The Financial Conduct Authority, we are a credit broker that helps to make getting loans as simple and fast as possible. Understanding the importance of transparency, we have made the entire process very straightforward, whilst also removing all costs. This means we will not charge you a penny for our services and promise that there will be no hidden charges or fees.
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What do I need to get a Loan with Upwards?
- Over 18 Years of Age
- Income over £400 Per month
- Have a Bank Account with Debit Card
- Be a UK Resident
- All Credit Scores Considered
Short term loans are not designed to be used as a long-term financial solution. Missed or late payments can seriously impact you financially. Think carefully before taking out any type of credit. Other, cheaper credit options might be available.
If you are concerned about your debts and need advice, you can speak to the below companies free of charge.