Need a quick short term loan? You’ve come to the right place!

We are a direct lender offering short term loans in the UK, even for bad credit.


Short term loans are available to help you to piece your finances back together when money is low, over a short period of time. Short term loans are designed with urgent needs in mind, and when you need the money in your account quickly and without any hassle.


How Do Short Term Loans Work


Short term loans are repayable over a short time period, usually 1-6 months. Taking Payday Loans Net’s Short term loans gives you increased flexibility with your payments, as you can repay your loan over a longer time period. This way, your monthly repayments will be much lower and more affordable.

What’s more, at Payday Loans Net, you can save even more money on your short term loan by repaying your loan early. This means that if you realise that you have spare money, and can afford to repay your loan earlier than expected, you can do so, with no extra cost!

Here is an example of the difference in the amount you repay for a loan, according to the repayment length.

1 month short term loan 3 month short term loan
Borrowing: £300 Borrowing: £300
Interest: £84 Interest: £160
Total to repay: £384 Total to repay: £460
Monthly repayment: £384 Monthly repayment: £153.33

As you can see, taking a 1 month short term loan can be tempting as the interest is lower. However, consider whether you will really be able to repay the loan in such a short period of time. You may find that by taking the loan over a longer period, you can end up saving a lot of money that you would otherwise have to pay on default fees if you cannot repay on time.

Watch this video to see how short term loans can save you money!




What is a Short Term Loan?


A short term loan is a loan which can be taken out over a short period of time, for an immediate need. A short term loan can come in handy when unexpected expenses crop up. Common reasons people use our direct short term loans are:

  • For emergency household repairs
  • To pay an unexpected bills
  • For unexpected medical expenses
  • To pay an overdraft

How to Get Payday Loans Net Short Term Loans Online


Our PDNET short term loan application is a short and simple process. To be able to apply for the best short term loans online with us, you need to be a UK resident aged 18 or over and meet our loan criteria.

There are many benefits of taking an online loan over the traditional way of getting your short term credit needs in store. Applying online saves you the hassle of going out to get your loan. Also, you have the liberty of applying whenever you like. And of course, with an online short term loan, you save the embarrassment of being seen in a high street payday lender.


Different types of bad credit short term loans


Do the FCA allow short term loans for bad credit in the UK?

Yes. Short term loans for bad credit are in high demand in the UK, and the FCA permits them. However, all lenders for short term loans bad credit in the UK must ensure that borrowers meet certain criteria. Payday Loans Net welcome people with a bad credit score, as we know that the same way your credit rating went down, it can go back up! As long as you pass our scoring system, we can approve your need for short term loans with bad credit from direct lenders, and provide your short term loan with bad credit for payday loans direct lenders only in the uk.

What are short term loans for bad credit with no guarantor in the UK?

Short term loans with no guarantor are loans that can be taken over a short period, generally 1 to 6 months, that do not require a guarantor. Short term loans for bad credit with no guarantor would mean that it is possible to take a no guarantor short term loan even with bad credit. Payday Loans Net accept applications for short term loans with bad credit with no guarantor. We will never ask you for a guarantor for your loan.

Is it possible to get short term loans for very bad credit in the UK?

That’s a great question, and the answer is even better. Yes, it is. Each short term loan lender has different criteria which need to be met in order to get a short term loan for bad credit in the UK. Some lenders will have more lenient criteria. Others will be less willing to offer short term loans for very bad credit. If you need a short term loan with bad credit, you can apply with Payday Loans Net. We accept applications for short term loans for very bad credit in the UK, and we will give you an instant decision. You won’t be kept in limbo.

How do I find the best short term loans in the UK?

When looking for the best short term loans, you should compare short term loan lenders to find the one which is most suited to your needs. For example, if you are looking for types of short term loans for businesses, take into account how long you want to take out the loan, and for what amount. Don’t stop at the APR rate or interest fees, because there are other factors to consider. For example, PDNET offers early repayment, which can save you money and may prove to be the best short term loan for you.

Can I get instant short term loans for bad credit in the UK with PDNET?

Many people search for 1 hour short term loans, when they need to receive their short term loans for bad credit instantly. You’ll be glad to know that Payday Loans Net offers quick short term loans. Our underwriters do their best to ensure that you get your loan as soon as possible. When applying for short term loans for bad credit with us, you will receive an instant decision, and we fund the money to your account on the same day.

Do you offer short term loans for students in the UK?

Our short term loans are available for any purpose that you want them for. We will be happy to offer our short term loans for students who are residing in the UK. We offer loans of £200-£2000, which are repayable over a period of 1-6 months. Applicants must be above 18 years of age to apply for a Payday Loans Net short term loan. This can be the perfect solution for students in the UK who need short term loans to cover smaller expenses, and when they will be able to repay the money over a shorter period.



What is the difference between a short term loan and payday loan from a direct lender?


Short term loans from a direct lender are pretty much the same as direct lender payday loans. In the past, payday loans were only repayable in one lump sum, whereas short term loans UK from a direct lender have always been repayable in instalments. Most payday lenders, such as Payday Loans Net now have the option of paying back the loan in instalments, and if you choose, you can repay our short term loans in one go. Apply today for your high acceptance payday loans from direct lenders.

Which loan do you want?

Wondering about who uses us? This fun infographic contains plently of fun facts and stats about our borrowers!



Does taking a short term loan or payday loan affect your credit score?


Yes, it can, either for better or for worse. If you repay your short term loan on time, this can actually improve your credit score! If you do not repay on time, and your lender sells your loan debt to a debt collection agency, this can affect your credit score negatively. Taking out multiple loans especially in a short period, may indicate that you’re taking on more loan debt than you can handle. This may affect your credit score too. Although you may consider using payday loans with no credit check from a direct lender so as not to affect your credit score, it is illegal in the UK.


Why are interest rates on short term loans so expensive?


Short term loan lending is a business like any other business. The upkeep of any short term loan company involves many expenses which need to be covered. Also, many loans end up defaulting, which leaves many loans unpaid for and costs that need to be reimbursed. Thankfully though, in 2014 the FCA put caps into place. These limit the charges that payday loan and short term loan lenders can charge. That is why short term loans are much more affordable than they used to be. Always look out for ways you can save money on your loan, such as early repayment plans.

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What alternatives are there to short term loans?


Short term loans should only be used as a last resort, when you are certain that there are no other cheaper alternatives. Here are some other ways you may be able to get hold of the money.

  • Borrow from family or friends – Family or close friends may be more willing to help you out than you would expect. On the other hand, it is important to word your request in a way that will not make them feel obliged to help against their wishes.

  • Credit unions – These may work out cheaper than a traditional short term loan, because credit unions are non-profit organisations. You have to find out if you are eligible to join a credit union and decide if this is a preferred method of borrowing for you. Some people prefer to take out short term loans, as to borrow from a credit union you need to be a member, and often short term loans are used in unforeseen circumstances.



  • Bank overdrafts – Using your overdraft facility can be very convenient when you are in a store and have a credit card in your back pocket. However, use this service wisely, because taking an unarranged overdraft can work out more expensive than a payday or short term loan. Often the interest fees on an unarranged overdraft multiply before you know it.

  • Debt management agencies – a debt management agency is useful if you find yourself taking out a short term loan with no foreseeable way of repaying. They will offer you advice and help to get you back on your feet.

Short term loans are a powerful tool when used correctly. At Payday Loans Net, we want to give you the best possible options for overcoming that temporary financial crisis. If you have looked at all the alternatives and determined that an online short term loan is for you, then apply now for the ultimate short term loan experience from a direct lender that cares.


Written by: Kelly R
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