Short Term Loans

£50 - £2,500 paid out by 09:50am

How much would you like?

£

Representative 305.9% APR

Representative Example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% (variable). Representative 305.9% APR. We are a broker not a lender. We don't charge fees. We don't sell your personal information.

What are Short Term Loans and Why Are They so Popular?

Loans have all different terms depending on the kind you decide to get, and it’s important that you pay attention to these details before making a decision. The length of the payback period for the loan you take out is crucial for a number of reasons. These days a lot of people are applying for short term loans because of everything they have to offer. If you are in desperate need of money, a short-term loan is certainly a good solution to consider.

Short Term Loan Definition

With a short term loan, you will have about two weeks or so to pay back the money you borrow. Sometimes you could have a little bit more time, but this is about the average. Most of these loans need to be paid back with your next pay check. This is in contract to long term loans, which are paid back over the course of months or even years. The maximum length of time you will have to pay back a short term loan is one year.

Why Apply for a Short Term Loan?

There are many reasons why applying for a short term loan could be a good idea. While not everyone can benefit from these loans, a lot of people can and do. When you understand some of the benefits that these loans have to offer, you’ll have a better idea of whether or not to apply for one yourself.

  • Minimal interest: Unlike a long term loan, short term loans don’t typically cost borrowers a ton of money in interest. The longer the loan period is, the more interest you will end up spending on it.
  • They can be easier to get: Sometimes a short term loan is actually a lot easier to get approved for than a long term loan. If you have had difficulty getting approved for other loans in the past, this is an option to consider. Credit tends not to be an issue with getting approved for these loans.
  • Less stress: Most people stress out over active loans they have, but you’ll have a short term loan paid off before you know it.
  • Get Your Money Now: On average, it takes a lot longer to get funds with a long-term loan than a short term loan. If you need money right away for some important expense, you will need to keep this in mind.
  • Apply online: The whole application process for most short term loans can be done entirely online for your convenience.

How much would you like?

£
Apply Now

Representative Example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% (variable). Representative 305.9% APR. We are a broker not a lender. We don't charge fees. We don't sell your personal information.

When to get a Short-Term Loan

There are certain situations where a person can really benefit from taking out a short term loan. If you have some sort of emergency come up that requires a significant amount of money that you just don’t have, one of these loans could be helpful. Whether it is a home repair, auto repair, or even a vacation, a short term loan can most likely help you. Businesses can also benefit from a short term loan. If your business is experiencing cash flow problems, this can be a great way to get everything back on track quick.

A More Flexible Borrowing Option

Short term loans offer a far more flexible borrowing option than long term or instalment loans. This type of loan will let you get the money you need without the same kinds of limitations and roadblocks that come with long term loans. If you want to get a loan for any reason but don’t want to have your hands tied, this is an option worth looking into.

How Does Omacl Compare?

Why Use Us?
How much can I borrow?
Up to £2,500
No hidden fees
Chance of getting approved?
95%
High approval
Is my credit record affected?
No
No credit footprint
How long do transfers take?
15 Minutes
Instant Cash*
Do I need to pay back a lump sum?
No
Easy repayments

Apply for Your Loan Today

Our team of professionals at Omacl has helped many people get the short term loans they needed, and we encourage you to apply with us today. This whole process is very simple and straightforward, so you won’t have to waste any time at all. Our application process doesn’t take long, and we do everything we can to see that those who apply our approved. We understand how frustrating it can be to need money for some important expense but not being able to pay it. Let us help you get the money you need when you need it.