Short Term Loans UK - Meet Expenses and Repay Early


by Andrea Fletcher - Date: 2008-07-21 - Word Count: 304 Share This!

 

Introduction:

Short term loans UK refer to the amount lent for a brief period to do anything, which requires instant monetary attention. These loans have a short repayment period and are swift to avail. These loans can be very handy when you need to repay your prior loans and are lacking the money at that instant of time.

One of the most striking features of short-term loans is its instant approval. In most of the cases the loan amount is transferred to the borrower's account within hours. This enables borrowers to immediately meet urgent expenses.

Features:

There is secured and unsecured form of these loans in UK. Secured loans allow you to borrow larger amount with low interest rate. Unsecured loans have high rate of interest and do not involve any collateral.

The loan amount you can borrow can go up to £25000. However the rate of interest is high. The loan term can be extended for some more years. Annual percentage rate will be 20% for these loans.

There are no credit checks for this loan. Bad credit holders many times face problems applying for the loan .These loans are easy to get and bad credit holders are eligible for the loan, as there is no credit check done for this loan. If you repay the loan timely you can boost you credit rating and can go upon the credit score.

There are numerous advantages associated with Short term loans UK. Comparatively large amount can be borrowed through this loan. These loans are fast approved. Generally it is done within one or two days.

Online loans are faster and convenient. Application forms are filled online which will take only few minutes. It saves lot of time and energy of the borrower. Shopping around and little bit of research can get you a cheap deal.


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Andrea Fletcher is an MBA with a Master's in Finance. She has an expertise in writing on topics related to finance. Here she shares her views on Short term loan UK , Short term payday loans, Short term cash loans . For more information log on http://www.shorttermloansuk.co.uk

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