If you are interested in borrowing money for a short period, a short term loan may well be just for you. Payday Loans Net offers short term loans of £300 – £1,000 over 3 – 6 months. We are a fully authorised direct lender in the UK, specialising in bad credit applicants. Apply now for a fast decision and get same day pay out if approved.


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Short Term Loans for Bad Credit


At Payday Loans Net, anyone can apply for short term payday loans. We don’t use your credit score as a parameter for approval, which is why we offer short term loans for bad credit, as long as you can prove your current affordability. Many applicants for our short term loans online have faced issues when it comes to their credit score. It is so easy to find yourself in a position where your credit score has been negatively impacted, but it is much harder to improve it. The short term loans we offer in the UK are accessible to all, even if your credit history is far from perfect. Additionally, if you have applied for a short term cash loan from Payday Loans Net in the past and have found yourself unsuccessful, you are welcome to apply again. We take a realistic approach and understand that your personal circumstances may well have changed since the last time you applied. When applying for short term loans from us, no guarantor is required. We know that the process of finding a guarantor can waste your precious time, so do not worry about finding one. At Payday Loans Net, we simply carry out an affordability assessment to deem you eligible for a short term loan.

Where Can I Get a Short Term Loan With No Credit Check?


Although we do consider short term loans for bad credit, it is not possible to approve short term loans in the UK without a credit check. Short term loan lenders must carry out the minimal amount of credit checks in order to assess your current financial situation and your ability to afford the loan. The reason and reputable, FCA authorised short term loan direct lender carries out a credit check is not only to protect themselves, but also to protect those who borrow from us. The last thing we would want is for you to take out a loan without the capability to adequately meet the promised repayments in a timely manner.

If you are concerned about your credit score, short term loan lenders such as ourselves will allow you to borrow money as we specialise in approving short term loans for bad credit. Apply today and we will do everything we can to provide you with the short term loan you desire.

What Is The Best Short Term Loan In The UK?


When you compare short term loans, you should look for short term loan lenders that are best suited to your unique, individual needs. You should consider factors such as what the short term payday loan is for, how long you want to borrow it for and the total amount you wish to borrow. It is important that you are careful when it comes to which short term loan lender you decide to choose. For example, all short term loan lenders do not offer the same interest rates, and lenders with poor customer service will often be an indication that they are untrustworthy.

Additionally, always ensure short term loan companies that you consider borrowing from have a registered number from the FCA. It’s also important to compare different APRs (Annual Percentage Rates) when you’re looking for the best short term loan, as a lower APR will mean less interest. Always check for other lender fees such as application fees and late or early repayment fees and watch out for hidden fees. Additionally, be wary of brokers when searching for a short term loam. They may pass your private information onto third parties.


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Short Term Loans Direct Lenders


As a short term loans lender, we offer the best short term loans in the UK. Even offering short term loans for bad credit, we open up numerous opportunities for you when it comes to who is able to borrow from us. Naturally, people prefer to apply with direct payday lenders, rather than a broker. With no broker fees or hidden charges, you can put any worries to rest regarding your confidential information being passed around. With Payday Loans Net you know exactly who you are dealing with, which means you can contact your short term loan lender directly, rather than chasing various unknown points of contact. We will remain your number one point of contact from the moment you apply for a short term loan with us, all the way through to the day you pay your short term loan back.

Short-term loan FAQs


What Are Short Term Loans?

Short term loans allow you to borrow small amounts of money for a short time and repay over a few weeks or months. Compared to longer forms of credit, like bank loans, the term in which you pay it back is much shorter. Click here to apply for a short term loan with Payday Loans Net.

Do Short Term Loans Cost More?

Short term loans usually have higher monthly repayments than long term loans, but help you pay off your debt faster. Although the cost per month for a long term loan might be lower, it can actually end up more expensive overall due to the interest increasing over a longer period of time.

Can I Get A Short Term Loan For Students?

Students can apply for a loan from Payday Loans Net. To be eligible, you need to be over 18, living in the UK, and have a steady source of income. Before you apply online, it is important to ensure that you are using the loan for a responsible purpose, such as an unexpected expense that you cannot cover. Taking a loan when you are still young in your financial journey could leave footprints on your credit report.

What’s The Process For Borrowing Short Term Loans Online?

Applying for a short term loan online with lender Payday Loans Net is a simple and transparent process. There is no paperwork and no hassle – it’s quick, and entirely online. Once you submit the online short term loan application you receive a decision within 90 seconds. If your loan is approved, you should be able to withdraw the funds using your debit card on that same day! You can learn more about the Payday Loans Net process here.

Where Can I Get Cheap Short Term Loans Online With Good Monthly Repayments?

The best way to find a cheap short term loan is by comparing the price of different lenders. Here is an example of the APR of short term loans from different lenders.
  • Wonga 1,509%
  • Sunny 1291%
  • Payday Loans Net 997%
  • Quick Quid 1294.9%.
When comparing prices, don’t stop at the APR rate or interest fees, because there are other factors to consider. For example, Payday Loans Net offers early repayment as well as instalment loans, which can save you money and could make it the cheapest loan for you.

Loans from Payday Loans Net


You can apply for a short term loan online from Payday Loans Net at any time of day. Our loans are repayable over 3 – 6 months, and you may be eligible for £300 – £1,000. Don’t let bad credit get in your way of applying for a short term loan in the UK. You can apply for a short term loan with poor credit too. Get an instant decision on your short term loan and receive the funds on the same day, during work hours. Enjoy the ultimate loan experience from a direct lender that cares.


Short Term Loans in the UK


In the past, payday loans were only repayable as one lump sum, which has caused numerous issues when it comes to making the specified repayment. Equally, short term loans in the UK were only repayable through instalments.

This is a thing of the past. We have modernised this system at Payday Loans Net as we now give you the option of paying back short term loans, short term payday loans or short term loans for bad credit over 1 – 6 months.

We are a UK-based direct lender specialising in short term loans for bad credit. To get a loan from us, you must:

  • Reside in the UK
  • Have a UK bank account
  • Have a steady income

If you have any queries or problems that you cannot resolve on the phone, contact us during working hours, and we will do all we can to resolve your issue.

Representative example

Total amount of credit: £500
Duration of the agreement: 4 months
Repayment total: £863.24
Interest is fixed at rate of 270.10% per year – 0.8% interest per day | Representative 997% APR
£215.81
Instalment 1
£215.81
Instalment 2 & 3
£215.81
Instalment 4