Short Term Loans
up to £25,000
Apply for short term loans with Forces Compare and borrow £1,000 to £25,000 for a period of 3 to 36 months. Get a free quote online today.
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Apply for a Short Term Loan with Forces Compare
A short term loan, is a type of financial product that has a relatively short repayment period. The repayment period for a short term loan is typically less than a year, and can be as small as a few months.
Forces Compare work with a range of different lenders to help customers find the finance option that’s right for them. Through our years’ of experience in the armed forces, we’ve built Forces Compare to accommodate for a variety of different borrowers, including those who serve, those who have served, and civilians.
Through our independent search engine, we can help a diverse range of borrowers to find the finance that’s right for them, able to compare the following types of loans:
- Short term loans
- Long term loans
- Small loan amounts
- Large loan amounts
- Loans for borrowers with bad credit
- Loans for borrowers with fair credit
- Loans for borrowers with good credit
Forces Compare can accommodate for those in need of short-term finance. When looking for finance, it’s important to explore all available options through our site, as this will help to ensure you find the best loan for your borrowing needs.
Through Forces Compare, you can borrow £1,000 to £25,000 for a period of 3 to 36 months. Browse through our loans to find the best finance option for your borrowing needs.
Why Would You Need a Short Term Loan?
Many people use short term loans to stay financially afloat until their next payday or to help pay for an unexpected emergency such as a broken boiler.
Short term loans can also give you an injection of cash upfront but not tie you down for too long – and the lenders we feature allow you to repay early if you need to.
Whether it is a 6 month or 12 month loan, you can use this type of finance to consolidate some debts, pay for a wedding, a holiday or stay on top of your household bills.
What Information Do You Need to Apply?
Whilst the information required from an applicant may vary, there are some basic details that will almost always be required, including the following:
- Your name
- Your address
- Your date of birth
- The amount you are applying for
- Your bank details
- Your monthly income and expenses
The information required from borrowers during the application process will vary, depending on the lender and the type of loan you are applying for. For example, those applying for a guarantor loan will have to provide certain details about the guarantor as well as the main borrower.
What Is the Eligibility Criteria?
You must meet a list of criteria to be eligible for a loan through Forces compare. This criteria will vary depending upon the lender and the type of loan you go for, however, some of the main features all borrowers must usually have include:
- Having a UK bank account
- Being a UK resident
- Being over 18 years old
- Having a salary from your employer (e.g. the MOD)
The eligibility criteria for a loan through Forces Compare will vary between lenders and between loan products. Therefore, when looking at a particular loan, it’s always best to find out the criteria borrowers must meet in order to be successful in their application. For example, if you were wanting to take out a guarantor loan with a lender, you must ensure that your chosen guarantor meets all necessary criteria for success in your application.
Do You Offer Short Term Loans for Bad Credit?
Forces Compare can help you to find short term loans, even if you have a bad credit score. Many lenders will not accept a loan application unless you have a good credit score, however, Forces Compare works with a range of specialist lenders that accept those with a bad or non-existent credit history.
One type of loan that is particularly popular for those with bad credit is a guarantor loan. With a guarantor loan, the borrower will have to elect a guarantor that acts as security in case the borrower can no longer make the repayments. Your guarantor can be any number of people in your life, from spouses to family members, friends and even work colleagues. You can only use your spouse as the loan guarantor if you hold separate bank accounts.
Forces Compare can help to find the guarantor loan that’s right for you. Through our trusted partners, you can borrow between £500 to £15,000 to be repaid over a 12 to 84 month period. There are no upfront fees involved, and you could receive funds in 48 hours. Read more about our guarantor loan options.
Do You Work With Short Term Loans Direct Lenders?
Forces Compare only work with direct lenders. Currently, we are in partnerships with such reputable lenders as PersonalLoansNow – helping borrowers to find loans that best suit their unique circumstances. Through PersonalLoansNow, customers can apply for anything from £1,000 to £25,000 to be repaid between 3 months and 10 years.