Why Choose Loans-2u For a Short Term Loan?
Here at Loans-2u we aim to help you apply for the cash you need to resolve your short term financial position. The loans we have on offer from our panel of lenders are here to help you get the cash you need when there is no where else to go. We can offer you bad credit short term loans or payday loans that are flexible. Which ever you need we are at your service and here to help you.
What is a short term loan?
A short-term loan is a type of borrowing that is typically repaid within a short period, usually within a year or even shorter, depending on the terms of the loan agreement. These loans are often used to cover immediate financial needs or bridge the gap between paychecks.
Short-term loans can be obtained from various sources such as banks, credit unions, online lenders, or even friends and family. They usually have higher interest rates compared to long-term loans due to the shorter repayment period and may require less extensive documentation for approval. Examples of short-term loans include payday loans, cash advances, and short-term personal loans.
Start Today and Apply for Our Short Term Loans that are Flexible – You Can use Our online Application Form
We Help You Get Your Short Term Loans Quick and Easy
Getting quick money when most needed it is easy by using our panel of lenders. However, Loans-2u stands out by offering a more personalised approach. Instead of dictating strict repayment terms, we let you decide the length of time you want to borrow for. This flexibility makes the loans we have on offer a great choice, especially if you have bad credit.
With repayment periods from 3 to 6 months, our short term loans are designed to be realistic for you to afford. It’s a straightforward process, in our application process we take the human approach. Unlike other lenders who rely on automated systems, our team of trained professionals are ready to assist you.
As lending platform we prioritise a human touch, we carefully assess each application on its own points. Even if your credit score is low, we may still provide the flexibility you need. We understand that its not easy keeping a good credit score and can be challenging, so as long as you can afford to pay the loan repayments, our team will gladly analyse the application.
Short Term Loans When You Need Them
loans-2u act as a loan introducer and are dedicated to assisting you in obtaining a short term loan that you require as soon as possible. Our application process is quick and tailored to your needs – simply let us know the amount you wish to loan and for how long, and we may be able to approve you within minutes.
Short term loans are suitable for various reasons, but what matters most is that you can manage the repayments selected. Whether you are in need of a loan for an emergency or are interested in a short term loans for people with bad credit to help improve your credit history, there is a possibility that we can offer you a loan that is affordable today.
All the lenders on our panel are registered by the (FCA) Financial Conduct Authority, we will promptly evaluate your financial situation. If your loan application is approved, you could receive the funds on the day of application.
We have been assisting customers over 20 years helping them obtaining quick cash while selecting repayment options that suit our customers budgets, Today we would like the opportunity to help you in the same way with our personalised to lending approach .
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Quick, Simple Affordable – Short Term Loans if you have Poor Credit
Don’t let a low credit score stop you from getting the money you need, as long as your current financial situation is stable. Your credit history may not accurately represent your current financial status. That’s where Loans-2u comes in with our short term loans for people with bad credit.
Many lenders make their decision solely based on your credit score and may immediately reject your loan application. However, as we have a panel of lenders of short term loans, some of Loan-2u lenders are willing to consider individuals with ‘bad’ credit scores. We understand that your credit score doesn’t always reflect your current financial situation. That’s why we focus on whether you can afford the loan you’re applying for – it’s as simple as that!
By approving loans based on affordability, we can offer our short term loans with more confidence. If you have any questions about our loan assessment process, feel free to reach out to our team today.
Advantages of Choosing a Loans-2u Short Term Loan
At Loans-2u, we understand that your time is valuable. That’s why we’ve made our the application process for our short term loans quick and easy to complete. We only ask for the details that we need to know and are most important . Unlike many other lenders, our expert credit team will manually assess your application, ensuring a personalised approach.
You must provide us with accurate information about yourself and your financial position, Then we can make a prompt decision on a short term loan which is best suited and realistic for you. We take into consideration various factors, one of them is your ability to afford the repayments. Our loan calculator allows you to adjust the sliders and determine what repayment amount you can afford , including the full amount that is repayable with interest.
If your loan is approved, we strive to send your funds into your chosen bank account on the same day, when it is possible. Repayments for you will start on the specified date in your signed credit acceptance. different to usual payday loans in the United Kingdom, we offer you the flexibility of up to 6 months to pay the loan back, rather than requiring full repayment on your next payday.
To find out more about applying for short term loans and how they work, you can explore our informative resources. If you have any further questions or need assistance, our FAQ pages are available to provide you with additional help.
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Short Term Loans FAQs
To be eligible for our short term loans, you must meet the following requirements:
1. You must be between the ages of 23 and 65.
2. You must be a resident of the United Kingdom.
3. You must have a valid mobile number to receive text messages.
4. You must have a current UK bank account with a valid debit card.
5. You must be employed and receive a take-home salary of at least £1,250 per month. It’s important to note that additional documentation may be necessary for affordability checks. Make sure to accurately complete your application with information about your finances and ensure that you are not currently facing financial difficulties. If our team is unable to determine whether a short term loan would be affordable for you, they will unfortunately have to decline your application.
After you have filled out our online application form, our skilled team of experts will begin processing the application for you. We strive to work efficiently, although we cannot provide an exact time frame. Our goal is to process as many applications promptly and make a decision within 2-3 hours, allowing us to offer loans on the same day whenever feasible. However, during busy times, this process may take slightly longer. If you submit your application outside of the hours of business, it will be given priority on the following working day.
Yes, at Loans-2u, we are happy to review applications for short term loans even if you have bad credit. Unlike some other lenders who use automated systems to approve loans, we take a more personalized approach. We will assess your ability to repay the loan by looking at your income, expenses, and financial situation. If you are unsure about your ability to make repayments, we recommend seeking advice before applying.
APR is the abbreviation of Annual Percentage Rate, it’s not the simple interest rate on a loan. It’s calculated as if the loan were for a whole year, which is why it may appear higher compared to other credit options since our loans are short-term. The ‘representative’ APR is the highest rate offered to at least 51% of customers who are approved. Your actual rate may differ based on the loan duration and your financial situation.
Loans-2u is a loan introducer and collaborates with a broker partners who are authorised and regulated by The Financial Conduct Authority (FCA). We don’t perceive ourselves as a payday loan company. Instead, we provide access to short-term loan choices that offer greater advantages compared to a typical payday loan. When you apply for an alternative short-term loan, you can be confident that our partner will locate the most suitable loan for your situation from their top-notch group of lenders.
Yes you will need access to a UK bank account for us to send the loan money to it so you can access your cash.
Loans-2u do not charge any fees for using or introducer services, We do however receive a commission from lenders if a customer enters into a consumer credit agreement once being referred by us. 3 months is the minimum payment term.