Applying for short term loans online could help you to get the money you require to get back on your financial feet via a short term offering such as an instalment or other short term loan. With many different loans available in the UK, it can prove difficult to choose which is actually best for your specific circumstances and needs, be it payday loans, short term loans or something else.
There are a wide range of reasons why people turn to short term loans online. We understand that often, it is due to unforeseen expenses and financial emergencies, so we consider all applications and circumstances. As an authorised direct lender, our interest rates are lower than the industry maximum charged by many other lenders, with our rate fixed at 0.7% per day.
For short term loans of £200 – £800, or £1,500 for returning customers – Apply online for short term loans today.
The Benefits of Short Term Loans
Short term loans are designed for shorter periods of time than loans of the past. These loans are made to be provided quickly upon approval, with repayments plus interest due soon thereafter. One of the major benefits if this is that with repayments made on time, debts can be cleared much quicker than traditionally.
There are however, a number of further benefits of short term loans from MoneyBoat:
Lower Interest Rates
Friendly UK Based Support
Flexible Loans Online
How Do Short Term Loans Repayments Work?
Repayments for short term loans from MoneyBoat are flexible, with applicants being able to select over how long and over how many manageable instalments they wish to make repayments. This breaks up the amount you need to pay, making for a potentially much more manageable loan. If you are struggling to make repayments, simply let our team know and they will do all they can to assist and get you back on track.
Applying for Short Term Loans – What is Available Online?
There are many different types of short term loans available online, with each specific loan type having its own benefits and pitfalls. Some of the most common types of short term loan products include:
These loans are what many people see as the ‘original’ short term loan. Typically borrowed over a period of up to 30 days or a month, a payday loan is designed to tide over the borrower with an unsecured personal loan until payday, at which time the borrower repays the loan plus any interest due.
Using Your Short Term Loan
Whist there is no specifically designed purpose for online short term loans, there are a number of different uses which these loans are often put to. Generally speaking, they work to assist borrowers in getting out of a financial rut in the short term or paying for unforeseen expenses or repairs; allowing them to get back onto their financial feet for the future:
Choosing Short Term Personal Loans Online
When looking to apply for short term loans online, it is important to do your research, to try and get the most favourable arrangement for your circumstances. Some steps you can take to ensure this include;
- Compare the interest and repayment rates of different lenders
- Compare different short term loan products available
- Look at different lenders’ repayment terms
- Can you afford the required repayments?
- Check the FCA Register to see if the lender you select is authorised