Warning: Late repayments can cause you serious money problems. For help, go to moneyhelper.org.uk. We are a broker not a lender.
If you are Interested in applying for a short term loan we recommend that you take a look at the overall cost of the loan prior to finalising your loan agreement.
We strongly encourage all of our customers to only borrow what they can afford to pay back. One way to see if a short term loan is the best choice for you is to work out your disposable income, then subtract the total amount of the loan and interest. If you still have enough money to make your monthly loan repayments then a short term loan may be suitable.
Are you concerned that you won't be able to pay the monthly total? If you are unsure about any part we recommend not applying for a short term loan with Loan Lion. There are other long term loan options available, a short term loan is usually used for an unexpected emergency rather than a long term financial solution.
Loan example |
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Loan amount | £550 |
Loan length | 18 months |
Total loan amount | £2,035 |
Representative example: if you borrow £550 over 18 months at a flat rate of 180% per annum (fixed) with a representative 770% APR you will make 18 monthly payments of £113.06, repaying £2,035.08 in total. Rates from 45.3% APR to 1721% APR. A short term high cost loan should not be used as a long term solution. We are a broker not a lender. We don't charge fees. We don't sell your personal information. We may receive a commission from the lender.