Short term loans

Compare short term loans

Short term loans

Have you had an emergency and need a short term loan? Maybe your car has broken down and needs repairing or you've received a massive bill out of the blue? Short term loans can be a fast answer to cover this kind of unexpected expense. Short term loans can be expensive though and failing to repay a short term loan can have a detrimental effect on your financial health. So make sure you get to know your options and choose wisely.

What is a short term loan?

Short term loans are pretty much what they say on the tin. Small loans that allow you to borrow money repaying it over a short period of time. This period is usually two or three months and always less than a year.

Because, of their short term nature, short term lenders charge relatively high interest rates - cheaper than reaching your overdraft limit but typically more expensive than a larger, long term loan. Therefore, it is important that you look at all the options available to you before taking out a short term loan. If you're clever though, you can hustle yourself a reasonable deal on a short term loan as the quicker you pay back the loan, the less interest you'll pay.

How to choose a short term loan wisely

Use our Eligibility Checker, specify how much you're looking for and how long you want the loan for and you'll get a comparison table of short term loans in order of price. Choose Wisely's Eligibility Checker is completely free and won’t leave a footprint on your credit file. Need more info? Check out our short term loan product library which is packed with in depth information and reviews for each lender.

Beware, high cost short term loans are not suitable to support long term or sustained borrowing.

Top short term loans by OPTIOSCORE
  • 1. Bamboo Loans 71.3/100 Apply

  • 2. Savvy 71/100 Apply

  • 3. Fair Finance 68.2/100 Apply

  • 4. Satsuma Loans 65.2/100 Apply

  • 5. Mr Lender 64.6/100 Apply
Top short term loans by review
Top short term loans by price ?
  • 1. Bamboo Loans 41.0% Apply

  • 2. H&T Personal Loan 67.7% Apply

  • 3. Track Loans 79.3% Apply

  • 4. Dot Dot Loans 89.0% Apply

  • 5. The One Stop Money Shop 95.0% Apply
Warning: Late repayment can cause you serious money problems. For help, go to