Short Term Quick Loans Online
Financial adversities have a tendency to come up out of nowhere. Luckily, they’re usually a short-term issue. A long-term financial loan isn’t ideal if you’re tending to a short-term money issue. Also, a short term loan can be essential in the event that traditional types of credit aren’t accessible to you. That’s where we come in with our flexible short term quick loans to give you the comfort and breathing room you need.
What is a Short Term Loan?
Short term quick loans are a type of loan that’s obtained to support a temporary or personal or business capital need. Also, a short term loan is where the borrowed amount and interest are paid back in less than a year.
Short term quick loans are available in various forms. This is beneficial to you as if you aren’t eligible for one type of short term loan, you may be eligible for another. The types of short term loans include:
- Payday Loan – A small number of funds with a fair/high-interest rate with repayments starting on your next payday.
- Installment Loan – A financial product that allows individuals to borrow a large sum of money that they can repay over time.
- Short Term Loan – A loan scheduled to be paid back in less than a year
What are the benefits of Short Term Loans?
We’re an FCA regulated lender. FCA regulations have put a price cap on the highest amount a customer should payback. As of January 2015, customers should never have to repay more than double of the original borrowed loan amount.
With PM Loans, you select the number of funds to be borrowed as well as the repayment terms. We’ll present information on the overall repayment amount, monthly payments and the repayment dates. Borrowing money as a person with bad credit won’t be easy as conventional creditors tend to decline applications that are high-risk.
How do I make repayments?
We have fair conditions for paying back your short term PMLoan. You choose the time frame to repay your loan by. Not to mention the options for selecting a time frame between one and twelve months. You’ll also see the repayable amounts beforehand to ensure you’re not caught off-guard by the total repayable amount. Also, please be advised that the time frame that you choose can have an effect on the interest rate of your loan.
We assess your affordability so there’s the certainty that you’re able to repay the loan comfortably. Even if we’re unable to offer you a loan we can signpost you to other agencies who might be able to help with your debt issues, like the Money Advice Service for example.
Convenience at your service
At PM Loans, our application process is 100% online, so you can suitably apply for the loan at your comfort. Additionally, you can use our online loan calculator to have foreseeability on the costs of the loan. Following that, we’ll pass your application to our lender panel ASAP. Plus, we’ll give you a prompt decision on whether we’re able to lend to you or not. Then if your application is successful, you’ll have access to your cash in 24 hours!