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Short Term Loans

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Warning: Late repayment can cause you serious money problems. For more information, go to MONEYHELPER.ORG.UK
Credit subject to status & affordability assessment by Lenders.
Oyster Loan is a credit broker and not a lender

Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on any debt secured against it.

Representative APR example

The rate you are offered will depend on your individual circumstances.

All loans are subject to status. The interest rate offered will vary depending on our assessment of your financial circumstances and your chosen loan amount.

Representative APR Example: On an assumed loan amount of £1,000 over 18 months. Rate of interest 59.97% per annum (fixed). Representative 79.5% APR. Total amount payable £1,554.10 of which £554.10 is interest. 17 equal monthly repayments of £86.09, and the final month’s payment of £90.57.

What is a Short-term Loan?

A short-term loan is a small personal loan that is available for a borrower without any collateral or guarantor and has to be repaid within a year. These loans are also known as High-cost Short-term Credit as the rates of interest of these credit products are quite high. The reason for a high rate of interest is the associated risk that a lender has to take while approving a loan.

These loans can be repaid in easy monthly instalments, which means you have the flexibility to choose your own repayment tenure according to your monthly budget. A personal loan can be used during emergencies to fix the issue. However, these are not befitting solution to any long-term financial issue that may take more than a year.

Short-term Loans for Bad Credit Online

At Oyster Loan, we and our lenders understand that a credit score may be a result of many factors. Therefore, while making a decision, our lenders take into consideration all the parameters rather than relying on your history only.

After the submission of your application form online for a bad credit short-term loan, the lenders run a soft credit check on your report to offer you probable rates of interest according to your needs. It is mandatory to run an affordability check to assess the borrower’s current and past financial behaviour as per the FCA.

Also, if you make timely repayments of a short-term loan, your credit score will improve gradually. Because once the repayment of the complete loan is completed, the lender will send a report to the Credit Reference Agencies, and the agencies will update your record accordingly.

Advantages of Short-term Loans in the UK

  • Hassle-free Approval
    For borrowers who need fast access to money, this loan may serve as an appropriate option. Depending on the lender, the request for the application is processed within a few minutes. Therefore, many people consider it during emergencies.
  • Predictable
    The monthly repayment amount will remain fixed throughout the loan tenure and hence, a borrower has the benefit of managing their finances smoothly.
  • No Collateral
    A borrower doesn’t have to worry about any collateral damage as this loan doesn’t need any collateral to be pledged while availing it.
  • Credit Score
    If you have availed a short-term loan with bad credit in the UK, then stick to the repayment strategy. If you completely pay off your loan within the agreed date, your credit score may improve.
  • Flexibility
    A borrower has the flexibility to choose their own loan amount, loan tenure. This helps them to create a monthly budget according to their income and expenses. they can easily spread the cost of the repayment over 12 months.
  • Less Interest
    A long-term loan is taken for a longer duration of time and hence, a borrower has to pay a higher rate of interest, cumulatively. However, with a short-term loan, the duration is much shorter and hence, a borrower pays less in interest.
  • Reduces Stress
    Because it is availed for a maximum period of a year, a borrower doesn’t have to go through a lot of financial stress. We know that debt has to be repaid. So, the lesser time you deal with the repayment, lessen the stress you will be in.

How to Apply for a Short-term Loan Online

The lenders registered by the Financial Conduct Authority (FCA), who is associated with Oyster Loan, offer short-term loans with no guarantor for the convenience of the borrowers. It just takes 3 easy steps to apply for a personal loan with us.

1. Fill out a straightforward application:
Our application form has been designed considering the usability factors. Hence, you may apply for a loan online using your laptop or even your mobile device. You have to fill in a few basic and important information about you in the form, which must be true.

2. Compare quotes:
All the information provided by you will be verified and also the lenders will run an affordability check on your profile to assess loan eligibility. Their decision will be displayed on the screen for you to know and choose.

3. Get the loan in your bank account:
Once the lender approves of your loan application, the loan amount will be disbursed to your bank account within minutes by the lender. However, the disbursal time also depends on the lender and your bank.

It is important to go through the Terms & Conditions of the lender thoroughly to know what you’re getting into. Always raise a flag if you are not satisfied with any of the points mentioned in the agreement. Discuss with your lender and sort the issues in an amicable manner to avoid any further inconvenience.

Apply Online for a Short-term Loan – With Oyster Loan

Oyster Loan is an FCA registered loan broker operating across the major cities of the United Kingdom. We deal with various kinds of personal loans including short-term loans for poor credit. All the lenders in our panel are also authorised by the financial regulator – The Financial Conduct Authority (FCA).

We believe in complete transparency and thus, we do not charge any upfront fees to our borrowers because we promote responsible lending. However, we also care for our customers, hence, we request them to repay the loan on time to avoid any damage to their credit score.

To apply for short term loans at Oyster Loan in the UK, click here.


WARNING: Late repayment can cause you serious money problems. For more information, go to MONEYHELPER.ORG.UK.

Credit subject to status & affordability assessment by Lenders.

Oyster Loans is a credit broker and not a lender.

Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on any debt secured against it.

Not all borrowers will qualify for a loan. The operator of this website does not engage in any direct consumer lending, we simply provide you a FREE loan brokering service. This means we don’t charge customers a fee for using our introducer services, but we receive a commission from lenders or other brokers if a customer enters into a consumer credit agreement with them following an introduction by us.

photo of Oyster Loan Oyster Loan
Oyster Loan
71-75 Shelton Street
Covent Garden, WC2H 9JQ United Kingdom £100-£35000
+44 203 633 1699
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