Warning: Late repayments can cause you serious money problems. For help, go to moneyhelper.org.uk. We are a broker not a lender.
Short term loans
Consider applying with Loan Lion
Interested in learning more about short term loans? Here are some reasons to consider a short term loan with Loan Lion.
Short term loans guide
Short term loans have become a popular loan option to cover the period until the next payday, whether that's in a few days or next month. This type of loan is a quick way to get money without having to wait weeks for a decision to be made. A short term loan can be useful if you're trying to cover an unexpected cost or travel expenses. We've put together this short guide on how to apply for a short term loan with us at Loan Lion.
You can start by selecting the amount you would like to borrow and for how long. Usually a short term loan will have a repayment period between one month and nine months, depending on how much you want to borrow and the interest rate. The entire loan application process is completed online and there is no paperwork required.
The application process requires certain details about you such as employment status and bank details, and this is used to help the lenders make an informed decision. Your bank details are only required so the loan can be deposited into your account.
Please note: no one from Loan Lion or any financial partner will ever contact you and request to send money or ask you to buy any products prior to receiving your short term loan.
What are payday loans?
Payday loans is another term used for short term loans. Payday loans are available to most people, including those with bad credit, unlike a bank loan or overdraft. If you have a poor credit history you might not qualify for credit cards or an overdraft, and financial options may seem limited. Your bank may offer a line of credit instead of a standard loan, so it's worth checking to see what options are available to you before deciding to apply for a short term loan.