WARNING: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Please note: We are a broker, not a lender, and do not make credit decisions.

Rates from 35.9% APR to max 1304% APR. Minimum Loan Length is 3 months. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 3 months. Total amount repayable is £411.63 in 3 monthly instalments of £137.21. Interest charged is £161.63, annual interest rate of 292% (fixed). Representative 1192% APR (variable).

Subject to application being approved by the lender. Not all lenders are able to provide up to £5000

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We never charge any fees,
our service is 100% free

Good and
Bad Credit Welcome

Guaranteed the best rates to your
circumstances from 50+ lenders

If Approved you’ll get the cash
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We believe at 1st Class Loans, that our customers should be fully informed with the right information before committing to any financial agreements. This is why we have provided you with information regarding short term loans UK, from our customers frequently asked questions. WHAT ARE SHORT TERM LOANS? Short term loans are loan amounts that typically vary between £100-£1,000 which are paid back over a shorter term. The loan repayment terms can be anywhere between 3 months to 6 months. These types of loans are designed to help people with the need for short-term financial needs, such as urgent repairs, or anything essential that is required for day to day life. HOW EXPENSIVE is a SHORT TERM LOAN? One of the misconstrues around interest rate charges on a short-term loan, is that people think the interest rates are extortionate and that they could end up paying back more than was originally borrowed. Whilst the interest rates appear to be higher on this type of borrowing, this is because these types of loans are built to be paid back in a shorter period of time. If used correctly, short-term borrowing won’t necessarily come with high amounts of interest charges. However, if you need to borrow a larger amount of money then we wouldn’t recommend this type of borrowing, as the interest could become a lot more expensive. WHAT CAN SHORT-TERM LOANS ONLINE BE USED FOR? Whilst short-term loans can be used for various types of purposes depending on your financial needs. We only ever recommend that our customers take out this type of borrowing for necessities and that you always consider first if you really do need a loan. CAN YOU GUARANTEE THAT I WILL BE ACCEPTED? Unfortunately, we can not guarantee that you will be accepted by a lender. If you have found a company that guarantees you a loan, then they are not compliant with the Financial Regulators. Each lender in the UK is required to conduct an affordability check to ensure that you can afford to repay your loan, before providing you with funds. This is to ensure that if you are currently in financial hardship or a vulnerable customer, the lender isn’t making your situation worse. These checks are in place to safeguard you. An affordability check will be conducted by assessing your income and expenditure, along with a credit check to see what other financial commitments you have. Short term loans no credit check are not prohibited in the UK for these reasons also. I’VE PREVIOUSLY BEEN DECLINED FOR A short term LOAN UK – CAN YOU STILL HELP? Yes, we can – As we use incredible technology, we have access to over 40+ lenders. This means that even if you have been declined previously for a very bad credit loan, our partner can search their panel of lenders in just one application to see if we can find you a loan. For information on how this technology works, please visit our pingtree loan page HOW QUICKLY WILL I RECEIVE MY FUNDS? Each lender has their own procedures for payment of funds, but typically the funds are paid out within a 10-minute* period upon acceptance, and after finalising your loan application. WHO DO I CONTACT IF I CAN’T AFFORD TO PAY BACK MY LOAN? If you can’t afford to make the repayments on your loan, then you will need to contact the lender directly to discuss this. They will have procedures in place to help you during this difficult financial time, by either offering you a payment break or lowering your monthly repayments. They will need to ask questions regarding your current situation so that they can understand the best way to help you move forward, so please answer these as accurately as possible. CAN I APPLY IF I ALREADY HAVE A SHORT-TERM LOAN WITH ANOTHER LENDER? Whilst there isn’t anything that says if you already have a short-term loan with another lender, then you can’t apply for another loan. We would always highly recommend that you don’t apply for a second loan until your first loan has been paid in full. I’VE BEEN CONTACTED BY YOUR COMPANY AND ASKED TO PAY A FEE – IS THIS CORRECT? Under no circumstances would anyone from our company contact you and ask for any payments. Our service is completely free for you to use. The only company that you will ever pay money to, will be the direct lender if approved, and this payment will be AFTER you have received the funds, and outlined clearly as part of the loan agreement. If you have received a phone call, please contact us immediately so that we can inform the relevant authorities that a scam is taking place and issue a warning on our website, to warn other customers. What is the best short term loan? If you are looking for the best short term loans, this will mainly depend on you. It is quite hard to find the cheapest short term loan because nearly all lenders will charge the maximum of 0.8% / day. This may change if you decide to get an online loan for longer than 3 months. When searching for the best short term loan you should consider the following: Are 1st Class Loans any of the above? Yes, we are FCA approved under an IAR of T.UK. FCA number 688026 We aren’t a lender directly however, we are a broker and use some lenders who specialise in short term loans for bad credit. Again, similar to above we aren’t a lender, we help find you short term loans online so can’t say if the lender you’ll be matched with will have any early repayment fees. Yes, our site has https which means it is very secure. Yes, our ICO number is ZA482080, however, we don’t hold any data. We delete all your data as soon as you have applied. WHAT MAKES YOU DIFFERENT FROM OTHER COMPANIES? We believe in being as open and transparent as possible with our customers and truly putting the customers at the heart of what we do. That’s why we will only ever provide you with information that is in your best interests and not in our own. We want our customers to trust in us a company, ensuring that we can build a long-lasting relationship between you and our company so that we can always be your go-to brand. We would also like our customers to continue to read our blogs posted as these will offer some great money saving tips, along with any financial news that we think you should be aware of. After all, for us to ensure investing time in writing these blogs is worthwhile, we need to have an audience that reads them – and that audience should be you!  
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