What are short term loans?
Short term loans are a form of finance that enables you to borrow money for a relatively short period of time, rather than having to take out a longer term loan for 12 months or more.
Short term loans are ideal if you’re strapped for cash now, but will not be in the long term.
Payday loans fit neatly into this category. They are short term cash loans designed to be repaid on your payday. If you need extra cash for a relatively short period of time it makes sense to get a short term loan, rather than be tied into a long term loan contract, often for more money than you may need.
Another advantage of the payday loan category of short term loans is the speed with which you can access the required cash. At Payday Express we offer online short term loans, where you can apply for a cash advance in minutes, receive an instant approval decision, and get your cash that same day.
Most often, when you need the money now but you’re still waiting for payday to arrive, it is not the length of time you can borrow the cash for that is as important as the speed with which you can get hold of the cash you need.
With short term payday loans, you can get your cash as soon as you need it and pay it back as soon as you have the funds back in your bank account from your wages.
If your credit needs are more long term than between now and payday, then short terms loans are not likely to be for you, and you should look at alternative forms of finance. However, if you need fast cash to bridge the gap between now and payday, a short term cash loan may be your answer.
Pay only £100 for an £80 loan.
1737.2% APR typical. The total amount payable of £100 is repaid on
your next payday (within 47 days) when we debit your account.
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