Borrow Money

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Borrow money today with Short Term Loans UK

"Thousands of happy customers find a loan with us everyday"
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Warning: Late repayment of payday loans can cause you serious money problems. For help, go to
We are a credit broker and not a lender.
Short Term Loans UK will never call you and will never charge you any fees. Never pay upfront fees for a loan or send money in return for a loan. 
Rates from 12.9% APR to 1721% APR. The minimum Loan Term is 3 months. The maximum Loan Term is 36 months. 
Representative Example: £1,000 borrowed for 18 months. Repayment of 17 Months at £87.22 and final repayment of £87.70 The total amount repayable is £1570.44. Interest amounts to £570.44, an annual interest rate of 59.97% (fixed). Representative APR: 79.5% (variable).
*Subject to application being approved by the lender. Not all lenders are able to provide up to £5000.
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Borrow Money

It’s not uncommon to need to borrow money as an adult. Most people need to take out a loan at some point, maybe for a new home, start a business or to carry out repairs to your home or car. Whatever the reason, if you need to borrow money there are a number of options available to you these days.

You can borrow money from banks, online lenders, friends and families, and employers, to name a few. There are a variety of financing options available for you from general purpose lenders bands and online finance companies to lending from friends and family. You can choose from a home mortgage or credit cards and personal loans to short term loans and more.

Also, from ourselves Short Term Loans UK. We offer loans from £100 to £5,000 and specialise in short-term loans.


Banks are a common way to borrow money. They take the money and distribute it over a number of financial products from loans to home mortgages. They do tend to charge high-interest rates and their loans and mortgages have strict eligibility criteria, combined with having to have a good credit rating. A bank will not consider those with a poor credit history when it comes to borrowing money.

When you borrow money from a bank, there are advantages and disadvantages to take into consideration. While you already have a relationship with your bank, any loan or financial product requires you to visit the bank and complete mountains of paperwork.

In addition to this, the bank fees can be on the higher side, they are known for their high costs for loan applications, combined with administration fees. They are a well-established source of loans and you already have a relationship with them, which means you are likely to consider them as a first option. The downside is that their fees can be high and they have strict eligibility requirements.

Credit Cards

Another common way to borrow money is to use a credit card. While credit cards provide you with revolving credit, you do need to make monthly repayments on the money used when your statement arrives. Credit cards can be used for anything, you can draw cash or use it to pay for products or services, making it a convenient way to borrow money quickly.

If you need money in a hurry, you will find drawing cash from your credit card is quick and easy. There are no application fees and if you can repay the balance quickly, you won’t end up paying that much interest. Most credit cards have a 0% interest rate if you repay the amount with your next salary.

You do pay interest when the balance is carried over, this is where you experience their high-interest rates. When you borrow money through your credit card on a regular basis, you could find that securing a loan or other credit from other lenders is more difficult. If you don’t keep your credit card in good standing and you keep your borrowing to a minimum, then it can impact your credit rating.

When using a credit card responsibility, they are a great way to borrow money This is not the ideal option for long-term lending. The advantage is that a credit card does not charge application fees and sometimes you don’t pay any interest if you pay the amount off within days or a couple of weeks. The downside is that they have high-interest rates when you carry the balance over and if you use too much of your credit, it can reduce your credit score, making it harder to lend money.

Online Lenders

Today, there are hundreds of online lenders offering short and long term loans for those with good and bad credit histories. Online lenders offer convenience and simplicity, especially when you need money in a hurry. They usually offer loans from very small amounts of £100 to £1,500, sometimes more, depending on the lender.

Online lenders are a great way to borrow money in a hurry, such as needing car repairs or home repairs. They offer a quick and easy online application and have strict eligibility criteria. As long as you meet their criteria, you can be approved within minutes and then have the money in your bank within hours. The pros is that they are convenient and the entire process is carried out online. They are fast and you can have the money quickly.

The downside to online lenders is that they provide a service, usually over a short period of time, such as pay day or short term loans. What this means is you have to repay the full amount of the loan with interest within a short period, which means higher repayments. They are known for their high interest rates, which can cause a vicious circle, leaving you in financial trouble if not managed properly.

What Does It Mean to Borrow Money?

When you borrow money, it means a formal agreement between you and the lender, which is to be repaid within a certain period of time, by a set date. This is broken into regular monthly instalments. The amount borrowed incurs interest, which can be high. This compensates the lender for the risk they are taking by giving you the money you need.

Popular Options to Borrow Money

There are a number of ways to borrow money. Most loans are unsecured, especially when choosing an online lender, though banks may require secured loans, which means you need collateral, which can be your home or car.

Common ways to borrow money include:

  • Short Term Loans
  • Personal loans
  • Home mortgages
  • Credit cards
  • Bank overdrafts

When looking to borrow money from Short Term Loans UK, these are our common loan amounts:

£100 Loan   £200 Loan   £300 Loan   £500 Loan   £1000 Loan

We also have these pages which might be of interest to you when considering borrowing money:

Benefits of Borrowing Money

There are advantages to borrowing money when you need it, the main being that you can get the cash to buy what you need without delay. It saves you having to save for it and is ideal when it comes to emergencies, such as a boiler or car repair. Sometimes when you borrow money, you find it is more efficient than using your own cash. When you borrow money you spread the funds in different ways, it helps you established a good credit history, giving your credit rating a boost. Borrowing money can be advantageous when you are good at managing your finances and debt responsibly. When you pay back money borrowed on time and don’t miss any payments, you will find it will be easier for you to borrow money again in the future.

There isn’t really a cheap way to borrow money, there are numerous factors which will determine how much interest you pay on the amount borrowed, along with the lenders regulations and the type of loan you have selected.

Some of the options include a personal loan, as long as you have a high credit rating, which can be obtained from a bank or online lender. Home equity loans are another option, though you put your home up as collateral, but they provide a higher loan amount. Credit cards are a good option, offering you a chance to get the money quickly and your interest is limited to how long you take to make the repayment.

Online lenders, while charging higher interest rates, are quick, easy and convenient with online applications, fast approval times and fast payment times.

For a full guide on borrowing money, we recommend this website to help you if you are struggling financially. 

How to borrow Money by short term Loans UK