Facing an unexpected expense? Compare short-term lending options and choose
The short-term loan for you
Compare Short-Term LoansSupacompare is credit broker, not a lender. You must be over 18 and a UK resident.
Supacompare is credit broker, not a lender. You must be over 18 and a UK resident.
Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk
Compare short-term loans from the UK's leading direct lenders
Unexpected bills or payments
Sometimes the unexpected occurs and you may need a temporary cash injection. We work with lenders who can help you obtain the short-term funds you need
Loans from £250 for up to 24 months
As an independent credit broker we will search our panel of short-term lenders to present a range of options for you compare. It is your choice on who to proceed with
No impact to your credit score
Searching for a short-term loan won't impact your credit score. We use the information in your enquiry to check your eligibility against our panel of lenders
Compare short-term loans from the UK's leading direct lenders
Flexible short-term loan options, tailored to you
When you're faced with an unforeseen financial emergency, and time is of the essence, with Supacompare you can compare a range of amounts and repayment terms. By choosing the right short-term loan for your needs, you can help bridge the gap between your current situation and financial peace of mind
Responsible and regulated
Supacompare only works with regulated short-term lenders who are committed to responsible lending
Convenient and efficient
We search a range of lenders, so you don't have to spend time filling in multiple forms
Quick and reliable
Check your eligibility and be presented with short-term lending solutions within minutes. Once approved by your lender, you may be able to get the funds the same day
What is a short-term loan?
A short-term loan is a type of borrowing that allows individuals to borrow a small amount of money over a relatively short time.
If can be suitable if you need to bridge a gap in your finances for a few weeks or months, and are able to make the monthly repayments.
Most short term loans are agreed with a repayment period of a few months, but can be paid back sooner if you are able to do so.
Depending on the lender, you may be able to borrow up to £3,000 for up to two years, although in most cases a short term loan lasts for less than 12 months.
If you are faced with unexpected repairs, an urgent bill or another financial obligation, a short-term loan may provide a quick source of cash when you can't meet the cost with savings or regular income.
A short-term loan is generally unsecured, meaning that collateral is not needed. Many short-term lenders offer online applications with quick approval times and depending on the lenders processes, following approval, the funds may be transferred the same day.
Due to the shorter repayment period, and the risk that is involved for the lender, short-term loans generally come with a higher interest in comparison to other lending options. A short-term loan is a short term financial solution and should not be used as a long term solution. So before applying, it is important to consider your ability to repay the loan with the specified time.
Before taking out a short-term loan, alongside reviewing the terms and conditions, it is important that you consider the the total cost of borrowing and are able to comfortably afford the loan repayment. When not used responsibly, short-term loans can lead to a cycle of debt with some borrowers finding themselves repeatedly relying on loans. This can then result in a constant need for borrowing and an accumulation of high interest charges.
In summary, a short-term loan serves as a temporary financial solution, providing access to fast cash when a temporary cash injection is needed.
Advantages of a short-term loan
Quick access to funds
Depending on the lender, the application process is typically quick and you will often get an instant decision. Following approval, you could have the money in your account within a few hours or days
Flexible loan amounts
When you need a temporary financial boost, a short-term loan can offer flexibility. Enabling you to borrow a small sum of money can be helpful as it means you don't have to take on a larger long-term debt
No security or collateral required
As most short-term loans are unsecured, you don't have to secure the loan against an asset. This reduces the risk of losing valuable possessions if you are not able to repay the loan
Advantages of a short-term loan
Disadvantages of a short-term loan
Higher rates of interest
As a short-term loan is repaid over a shorter period, lenders may charge higher interest rates due to the increased risk. Therefore, when comparing to longer term loans, short-term loans generally have higher interest rates
Limited loan amounts
Although short-term loans offer flexible loan amounts, the maximum borrowing limit may be lower. If you have a larger expense or a financial need that requires a large amount of money, a short-term loan may not be suitable
Short repayment period
Short-term loans generally have a repayment period of weeks or months. If not managed responsibly, this could put pressure on your finances and potentially lead to the need to borrow again to cover the repayment
Disadvantages of a short-term loan
Compare flexible, short-term loans from the UK's direct leading lenders and choose
The short-term loan for you
Compare Short-Term Loans
At Supacompare.com you can compare loans with:
Loan amounts from £100 to £35,000
Terms from 1 month to 10 years
APRs from 15.4% to 1299%
The following is a representative example from one of the lenders on our panel:
Representative Example: Borrowing £11,000 over 66 months, representative 31.9% APR fixed. Monthly repayment £328.37 Annual interest rate 28.01% fixed. Interest payable £10,672.42. Total repayable £21,672.42.
NB: Credit is subject to status and eligibility. The interest rate which you are offered will depend on the lender, loan amount and loan term along with your individual circumstances.
Supacompare is an independent credit broker, not a lender. To apply you must be a UK resident and aged 18 or over. Our comparison service works with a wide range of lenders and other brokers from across the market. Other credit products may also be available to you. Though we may be paid a fee by lenders or brokers this never influences how our products are ranked.
How can I find the right short-term loan for me?
Begin by evaluating your financial circumstances, including your credit score, income, expenses and existing debt. This way you can determine the short-term loan you can afford to borrow and repay comfortably.
With Supacompare you can search a range of lenders, without impacting your credit score. Enabling you to compare short-term loans from the UK's leading direct lenders without spending time filling in multiple forms
Credit rating
A good credit score can increase your chance of getting better short-term loan rates, so it's a good idea to check your credit report before making a short-term loan application. By reviewing your credit report you will be able to spot and correct any inaccuracies that may prevent you from accessing the more favourable short-term loan options.
Check your credit report and score for FREE by signing up to Supascore
Compare
Supacompare is an independent credit broker and we will search our panel of reputable and responsible short-term lenders to present a range of options for you to compare. Our service is free, so you will be pay no more applying through Supacompare than you would going directly to the lender. Explore the different short-term loans on the market. Understand their advantages, features and risk. Compare available loan amounts, repayment terms, and interest rates associated with different short-term lenders.
Choose
After reviewing your short-term loan offers, and deciding on the right option for you and your needs, it is your choice on who to proceed with
Guides and resources
The different types of loans
In today's financial landscape, loans have become an integral part of many people's lives Read more...
Secured vs. unsecured loans
If you are searching for a loan, you will come likely come across two primary categories Read more...
How to improve your credit score
Your credit score can play an important role in determining your creditworthiness and Read more...
Guides and resources
Got questions about short-term loans? Your financial PA, SuPA has you covered!
A short-term loan is a type of borrowing that provides individuals with quick access to a small amount of money for a short period. It is typically repaid within a few weeks to a few months and is designed to address immediate financial needs.
Loan amounts generally range from £100 to £5,000. The actual amount you can borrow will be determined based on factors such as your credit history, your income and the lender's policies.
Specific repayment vary among lenders, but the repayment period is usually short, ranging from a few weeks to a few months. To understand the exact payment period and due dates, it is important to carefully review the terms and conditions provided by the lender.
Some short-term lenders may perform credit checks. However, there are also lenders who offer loans without a traditional credit check. Instead they may review your application based on other factors such as income and employment status, or use Open Banking to help them make a decision.
Some lenders specialise in providing loans to individuals with less-than-perfect credit histories, so even with bad credit you may be able to obtain a short-term loan. However, this may impact loan terms, such as the amount you can borrow, interest rates and repayment options.
Some lenders offer same-day or next-day funding following approval, while others may take a few business days to transfer the funds to your bank account. The speed at which you receive the funds can vary between lenders, so you you may wish to check the funding timeline with the lender before applying.
Most short-term lenders allow early repayments without any fees or penalties. Before making early repayments, it's important to review the loan agreement and check the terms with the lender to ensure there are no additional costs involved.
Yes. Short-term loans are regulated by the Financial Conduct Authority (FCA),who set guidelines and regulations that lenders must follow to protect the borrowers, treat them fairly and ensure fair lending practices. At Supacompare we only work with FCA authorised lenders and we are also FCA authorised as a credit broker.
Alternative financing options include personal loans from banks or credit unions, credit cards or seeking assistant from family and friends. It is important to evaluate which options best suits your needs and financial situation, as each will have its own advantages and disadvantages.
Searching for a short-term loan with Supacompare won't impact your credit score. We use the information in your enquiry to check your eligibility against our panel of lenders
