100% Recommend

Expertly compared by David Beard

Products Updated February 27, 2024

Warning: Late repayment can cause serious money problems. For help go to moneyadviceservice.org.uk.

Read our customer and visitor reviews for this product:

Rating: 4 / 5 with 2 votes


by Jon Delany

Easy to apply and application process. Had cash in the bank on the same day...!!!

Helpful and easy to use

by Pete Taylor

Found this easy to use and simple application process. Rates are high, but as you would expect from a payday lender!

Using a short term debt consolidation loan can help you consolidate all your outstanding debts into one single, more convenient loan, giving you one single monthly repayment to make and helping you pay off your debts in a more practical and cost effective way.

Find The Best Short Term Loans with Lending Expert

If you are looking for short term loans, Lending Expert is here to help. Working with more than 50 direct lenders across the UK, we offer a simple and helpful price comparison table to help find the best short term lender for you.

Short term loans can be an effective way to pay off any pressing bills, household expenses or to consolidate some debts. Customers can apply online for £50 to £2,000 and repay over 1 to 24 months in flexible monthly instalments and the option to repay early if you need to do so. 

Whether you are looking to borrow over 3,6, 9 or 12 months – we can help find the right loan for you.

Compare short term loans using the table provided and click on the ‘Apply’ button where you will be taken directly to the lender’s website where you can get started. You will usually receive an instant decision and if approved, can receive money to your bank account in just a few hours or the same working day.


Key Features

  • Borrow £50 to £2,000
  • Repaid over 1 to 24 months
  • Working with direct lenders
  • No guarantors required
  • Same day funding
  • All credit histories considered


How is Lending Expert Different?

At Lending Expert, we are totally impartial and do not promote some lenders over others. We offer a very clear and transparent comparison of the short term loans market and we give each customer the full choice to select the best lender for their requirements.

You are able to apply directly with the lender of your choice, so we do not collect any details and pass these on to third parties. There are no fees for using our service and applying will not negatively impact your credit score. Simple.


Am I Eligible?

  • Must be over 18 years old
  • UK residents only
  • Employed (part-time or full-time)
  • Can afford monthly repayments
  • Valid UK bank account, mobile and email
  • Bad credit and CCJs considered


How Do Repayments Work for Short Term Loans?

Repayments are collected in equal monthly instalments – so you are paying the exact same amount every month, on a scheduled pay date that you have selected. 

Representative Example: Borrow £400 for 6 months. Total repayment £734.23 in 6 monthly payments of £122.37 on the 30th of each month. Representative APR 855.85%

Most customers choose to make repayments on the last working day of the month, since this is when they get paid from work. But you can also specify the day after, or a specific date e.g 25th. 

Collections are made automatically by the lender using a process known as continuous payment authority, which allows the lender to set up recurring payments and collect money automatically. So there is no need to call up, go to the bank or make a manual repayment, since this is all smoothly taken care of.

You will usually be able to repay your loan off early. So even though your loan is for 24 months, you could repay half way through if you have the funds to do so.- and you will often save money on the overall interest that is being charged to you.


Do You Work with Short Term Loans Direct Lenders?

Yes, we work with short term loan direct lenders only, so you have peace of mind knowing that you are applying with the company directly and there are no other brokers or middlemen involved to slow down the process or charge you hidden fees.

You will be able to work with the direct lender from start to finish, including the loan application, the approval process, funding, repayments and any other correspondence. Lending Expert does not charge any fees for using our service, instead taking a fee from the lender if your application is approved.


Can You Offer Short Term Loans for Bad Credit? 

Yes, we can assist with short term loans for poor credit. Our panel of lenders are willing to consider and take a view on all credit histories, including loans with CCJs and IVAs. 

In most cases, the lender wants to see that you have a stable income, employment and a desire to make payments on time. To accept customers with bad credit, the lender may charge a slightly higher interest rate or adjust the amount you have requested to borrow.

If you cannot get an unsecured short term loan, we are proud to offer alternatives, including guarantor loans or secured loans, where you can borrow against something valuable such as your car, bike, van or property that you own.


How Can I Get a Fast Short Term Loan Today?

Yes, our lenders can offer quick short term loans so you can get funding on the same day or sometimes in a matter of hours.

To help move your application along, make sure that you provide accurate information and are available by phone or email to answer any follow up questions from the lenders. Some lenders require proof of income, address or bank details – so having a phone bill, payslip or bank statement handy can be useful to speed up the process.

Consider also applying on a work day and during work hours when a lender is more likely to respond and action your loan, compared to applying on a Sunday or bank holiday.


How Can I Apply for a Short Term Loan Online with Lending Expert?

Start by using our price comparison table. Compare short term loans by looking at the loan amounts, rates and loan duration and simply click on the ‘Apply’ button of the lender of your choice.

You will be taken directly to the lenders website where you can fill in your details in less than 5 minutes and get an immediate decision on the screen. All loan applications are subject to approval but you can usually get funds sent to your bank account on the same day or within 24 to 48 hours.


Customers can apply to borrow £50 to £2,000 over a short term. The amount you can borrow is based on your income and credit status, with good credit customers likely to maximise the amount they can borrow.

Our lenders can facilitate loans over 1 to 24 months and you have the flexibility to borrow over 3,6,9 or 12 months if you wish.

Yes. Our partners can issue same day loans assuming they have all the correct application information they need to make a quick lending decision. If you're a returning customer then your application for any further loan advances will be even quicker.

Yes. We work with direct lenders who offer loans from £50 to £2,000, repaid over 1 to 24 months.

Yes. The lenders on our panel offer short term loans to those who are self employed, sole traders or company directors.

Yes, you will typically be required to provide proof of income either as an employee via PAYE or will need to provide documentary evidence if self employed, a company director or sole trader.

Yes, our lenders will give you the option to repay your loan early and you can usually do so at any point by calling them up or logging into their online portal. You will often save money on your loan by paying off early since less interest is adding up overall.

Typically no, all short term lenders will usually carry out credit checks initially to determine your eligibility for a loan and the amount should be allowed to borrow. For no credit check loans, you can consider secured loans where you borrow using collateral such as your car or property.

Yes, we offer unsecured loans, so your eligibility is based on your income and credit status. You can apply directly with the lender and there is no guarantor required to be eligible.

No, you will usually need to be employed to be eligible for a loan of any kind and may need to show proof of income and employment.

Yes, our lenders are willing to take a view on customers with a history of CCJs and IVAs - assuming you have a stable income and can afford the monthly repayments.

Yes. All the lenders on our panel will send your loan funds direct to your bank account via a bank transfer.

Yes. If you meet the application criteria and can afford the repayments then you can also get a loan while being a pensioner. This includes applications for older borrowers who are over 60, 65 or 70.

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