Short term loans
- Apply online in 2 minutes
- Fast loan approval
- Bad credit is considered
- Tailored loans suit everyone’s budget
- Flexible repayments
I want to borrow
Personal loans are accessible in different forms concentrating on varied financial problems of the borrowers. There is long-term financing available like mortgages, bridging loans, logbook loans and secured loans, offered on significant obligations to fulfil. For the cash emergencies, short term loans provide the better alternative to boosting your finances. Available on fast approval, these are easy-to-qualify loan products.
The small loans are among the perfect ways to get money and repay it within a short period. Unlike long term financing, this can be completed within a few months by making repayments on a weekly or monthly basis.
These instant short term loans are the perfect alternative for those having a bad credit history. These individuals have limited access to the borrowing products as high street lenders, and traditional financial institutions do not agree to their loan application.
Lenders prefer offering short-term loans for good credit as these individuals have proven financial records. They can get loans at lower interest rates, with more manageable repayment terms, and better affordability. Borrowers with weak credit histories have limited funding options, which are typically available at high interest rates. Still, the most significant part is that approval comes beyond credit score limits.
Figuralloans see beyond your oor credit history and focus only on your current credit performance. If you are improving well in your financial record, we are ready to offer you affordable short-term loan deals.
Only the interest rates that you have to pay, as there is no other loan fee or upfront charge is involved. We do not charge you any additional costs, and therefore, you can pre-pay the loan without paying any fees for it.
You get the approval on your monthly income capacity (preferably a minimum of £500 monthly). However, you have to go through an affordability check that also includes age and residence proof, and debt-to-income ratio.
We offer short-term loans with a soft credit check, which won't affect your credit score. However, we may conduct a detailed analysis of your credit score later, but this is solely for ensuring affordable loan deals.
Do you need small cash loans for urgent spending needs? We offer you the same through the digital platform and assist financially with offering loans on affordability. These funding sources are ideal for calming down several near term financial requirements and bring multiple advantages when comparing to traditional lending.
During the need of urgent funding, you can think of several advantages of online short term loans in the UK from a direct lender:
High loan acceptance rates
The conventional lending keeps strict rules on lending for people with bad credit history. In contrast, online lenders seem more liberal to their approach and ready to accept loan applications despite lack of good credit ratings.
The loan approval largely depends upon your income status and your affordability to make the loan repayments. However, the credit providers do check your credit score but as the short-term loan specialist, they are more in favour of offering loan approval on your steady income.
Instant money disbursal
Short term loan lenders provide the suitable procedure to bring instant approval on short-term loans for the prospective borrowers. As soon as your loan application gets approved, we quickly release the borrowed amount to your valid bank account. Most of the time, we release funds within 15 minutes or a day.
Flexible repayment terms
Getting the best short term loans gives you an edge for the people with bad credit, as they can repay according to their comfort. They can make the repayments according to their ability and on a specific time. Still, you should do your own analysis by using a short-term loan repayment calculator. To brief you, here is a representative example:
Loan Amount |
£1000 |
|
Loan Term |
24 Months |
|
Representative APR (only an example) |
49.9% APR |
|
Monthly Instalment |
£198 approx. |
|
Total Repayable amount |
£4,752 |
|
Total interest paid |
£1,752 |
Convenient application procedure
Figuralloans offers the convenient loan application procedure consists of a single page application form and a few steps to follow. You can complete the procedure within 5 minutes and get the approval after a few minutes.
Borrow as per your need
The small loans do not remain consistent in terms of the amount offered to the borrowers. You can borrow as little as £100 to the maximum £10000 depending upon your current financial need and affordability to make the repayments.
Loans for shorter durations can be a quick fix to your different financial situations. But at the same time, there are also some risks that borrowers should be aware of. Here are some typical risks of short-term loans:
To mitigate these risks, consider alternative options such as personal loans or instalment loans.
Every loan is offered with the special purpose like car loans for purchasing a new car or business loan for fulfilling the business needs. Getting the cheap short term loans and that would be on cash at the door service give you an advantage of fulfilling emergency cash needs. Here are the circumstances where these loans come beneficial:
To repair the cars:
A sudden technical fault in your car can cost you hundreds of pounds. You can manage the cost by sending a text to us to get emergency cash funding . The manageable monthly instalments will not put the extra burden on your pocket.
To manage the medical bills
Surely, the pandemic has done quite a massive effect on your finances. These cash loans do help you a lot in getting the funds to pay hospital bills or purchasing the medicines.
To put value to your property:
From time to time, you need to improve your home by making significant changes and increasing its value. You can do this by applying for short term loans and raise the property’s resale value.
To manage holiday costs:
Do not let your financial insufficiency to restrict you from the holidaying anywhere. Continue to your holiday plans by managing the expenses through these personal loans.
To purchase household items:
During any celebrated day like Christmas or the birthday of any near and dear one, you want to buy a new household item or to gift someone on the special occasion.
Short-term loans are effective funding sources to obtain fast funding with minimal effort. However, the approval depends upon one's affordability and repayment capacity. In fact, it is what makes them different from high-interest payday loans. Let us clarify the difference for you, as we have explained the primary difference between a payday loan and a short-term loan.
The direct lenders in the UK want to know the borrowers’ credit scores to know their eligibility for the short term £1000 loans. If you are recently doing well in credit repayments and showing signs of improvements, then Figuralloans is always ready to help you with instant short term loans for bad credit people.
You can repay the loans in a smaller period, and with affordable lending of the online lenders alongside steady monthly income, your task becomes a lot easier. We will perform mandatory credit check but vouch for that it will not leave any footprint to your credit profile.
Our efforts are to help you in improving the credit scores and regain the borrowing chances in the marketplace. However, you need to do these things:-
Analyse credit use
Focus on timely repayments
Pay off debts early
Evaluate your credit score
Seek right guidance
Borrow on affordability
It is time to fulfil your urgent cash needs. Do necessary short term loans comparison and choose the most affordable deal available at Figuralloans. Apply now!
Can I repay early?
Is there any penalty if I miss a repayment?
Does Figuralloans offer short term loans with no credit check process?
How are short term loans for unemployed possible?
Figuralloans have made short-term loans possible for the unemployed with bad credit by considering the benefits or part-time income they are generating. However, you need to provide relevant proof of income to get an easy approval for these benefits loans.
Can I apply short term loans with no guarantor?
Yes, you can apply for short term loans with no guarantor, especially when you have the bad credit score. Since the borrowing amount is small and you can manage the repayments from your monthly income, we think you can apply for personal loans without a guarantor. However, interest rates will be higher.
Are short term loans at Figuralloans provided on the instant decision?
We follow the online procedure to offer same day loans for our prospective borrowers. The process does not involve too much documentation, which paves the way for instant approval loans. It probably takes a few minutes to 24 hours maximum.
For how long short term loans are offered for?
The maximum of 60 months are assigned as short term loan repayment period at Figuralloans. With flexible loan terms, you should decide the loan term as per your financial need and capacity because we only offer loans on the affordability of our borrowers.