Short Term Loans for Students

£100 - £5,000 paid out by 01:06pm

How much would you like?

£

Representative 669.35% APR

Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).
*Subject to application being approved by the lender. Not all lenders are able to provide up to £5000.
*Omacl will not perform a credit check but lenders will determine your loan eligibility by performing a soft search. If you accept the loan offer presented to you, a hard credit search will be performed.

What are Short Term Loans for Students?

An overwhelming majority of young people who are going to school don’t have much money to spare, and sometimes it is necessary to get a loan to cover certain expenses. Whether it is money to pay for tuition or just the cost of everyday living, there are numerous loan options that you will have. Short term loans for students can be incredibly helpful on a number of levels. When you take the time to look into your borrowing options, you will most likely get what you need financially.

What Makes Short Term Loans for Students Special?

There are a few different things that set short term loans for students apart from other loans, including a lower interest rate. Because most university students cannot afford to spend a lot of money on paying back a loan, there are low-interest options available. These loans are perfectly suited to students who are struggling financially and need help. The lower interest rates make these loans much easier to pay back, which can be very helpful for students who are financially strapped.

Who can Apply for Short Term Loans for Students?

Before you fill out an application for one of these loans with no less checks, you will need to make a point of learning about some of the different requirements. Not everyone can get approved for these loans, so you will need to know what criteria you’ll have to satisfy prior to moving forward.

  • Be at least 18 years old.
  • Have an active banking account.
  • Be a current UK citizen.
  • Show proof of income (must be adequate).
  • Valid contact information (phone number and address).

How much would you like?

£
Apply Now

Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable). 

If you meet all of these basic requirements, you can feel free to fill out an application for a short term loan.

What is the Process for getting a Short Term Loan for Students?

One of the great things about payday loans for students is that the whole process for getting one is really quite simple and easy. All you have to do is to fill out an application online. This application will request a variety of details, including your address, phone number, income, and other important things.

It is crucial that you submit only accurate information so this process goes smoothly. After you have submitted your application, you must wait for a responsible. If you are approved for one of these loans, the funds will be transferred into your account within about 24 hours.

How Can Short Term Loans Benefit Students?

There are a lot of different ways in which short term loans for students can be incredibly beneficial for young people. These loans offer a quick and convenient way to get a significant amount of money fast. If you are a student in university and need money for some sort of emergency expense that has come up, this is one of the best borrowing options you have.

If you are approved for a short term loan, you could get your money within as little as two or three hours. Some lenders offer special discounted interest rates for students as well, making them particularly attractive.

How Does Omacl Compare?

Why Use Us?
How much can I borrow?
Up to £5,000
No hidden fees
Chance of getting approved?
Good
High approval
What are the repayment terms?
1 - 36 Months
No paperwork.
How do I apply?
Apply Online
2 min Application
Do I need to pay back a lump sum?
No
Easy repayments

Is My Bad Credit going to be Problem?

A lot of people are applying for short term loans because credit isn’t nearly as much of a problem with short term loans as with others. This means that you still have a fairly good chance of getting approved with bad credit, as long as you are able to meet the basic requirements listed above. Bad credit is definitely not going to automatically disqualify for you for one of these loans. You will find that many short term loan lenders don’t even run comprehensive credit checks.

Our Short Term Loans for Students

Omacl offers many different borrowing options, including short term loans for students who are in a tight financial spot. Whatever it is you need money to pay for, we want to help you out. When you fill out an application for one of these loans on our website, you will get a prompt response from one of our team members. We have helped numerous students to get the funds they needed, and you have nothing to lose by applying.

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk. Omacl is a broker, not a lender, and does not make credit decisions.