How to get a short term loan

Life is full of surprises, and it’s not easy saving up for all of them. Sometimes your wages won’t be enough to cover it and you might feel a bit lost, even suffocated in regards to paying off the rest of your outgoings. We are often drilled with the idea that we should keep to our own wallets and pay off our debts with our own money, yet, in this modern age it’s not as simple as that, there will be a time in your life where you must make sacrifices from time to time. It’s becoming common with a number of different individuals that when the latter part of the month occurs, we tend to struggle to pay those remanding bills. Because of this, more and more people are now taking out short term loans and are proving to be very useful. But you may ask yourself, where do I get a short term loan? Well there are a number of different companies that offer a range of short term loans from reputable and authorised companies, such as Loan Pig. At the end of the day, because everything is getting expensive, the population are turning to credit and borrowed loans and these are used for all different things and scenarios to get you by. The basic steps to get a short term loan are by:

  • Applying for your loan by selecting how much you want to borrow and how long for
  • Get a decision, the details you provide on you application will be used to help the loan company make a lending decision
  • The money is then deposited and you should have made a structured payment plan with the lending company that gives you an indication in when to pay your fees back.

With that said, let’s have a look at some of the lending companies currently offering short term loans:

Loan Pig

Reputable and efficient loan company that allows you to borrow £300 over 3 months at an 292% pa (fixed) total repayment: £457.95 in 3 monthly payments of £152.65. The representative is 1261% APR and offers a calculator that highlights what you need to pay back opposed to what you take out.  Using innovative technology, Loan Pig can offer an easy and fast application process which allows customers to securely apply for a short term loan and they aim to match lenders that are interested in your application.

Because the prices now days have rapidly increased, a lot of people are frequently turning to credit cards and short-term/long-term loans and these are used for all different things and scenarios to help you get by. The most common time for a short term loan to be used is at the end of the month- getting through the month can prove to be rather rough on those finances. When you have a number of responsibilities to pay for such as rent, bills, insurance etc. paying for those outgoings will most likely leave you penniless towards the latter part of the month. However, by taking out a loan- especially a payday loan will allow you to fund the rest of the month, giving you more breathing room in regards to your finances, thus making things a bit stress-free as you edge towards your payday.