Short Term Loans

At The One Stop Money Shop, you can get short-term loans ranging from £400 to £2,500 and repay the loan over 6 – 24 months, depending on what works best for you.

Since we were founded in 2002, we have become one of the most well-known short-term lenders in the UK. We have helped thousands of customers obtain the finance they need for various purposes, such as home improvements, emergencies, debt consolidation and more.

  • Fast application & decision within 1-2 hours
  • CCJs & Poor Credit History Accepted
  • Reliable Lender for over 20 years
  • Flexible repayment terms from 6 - 24 months
  • Paid directly into your bank account

Our top priority is providing excellent customer service and if your loan is approved before 3:30pm, we can transfer funds to you on the same day.

To get started, click the ‘apply now’ button above.

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  • APR 295.60%
  • Total Borrowed: £500
  • Total Repay: £962.52
  • Total Interest: £462.52

Representative Example: £500 loan repayable over 12 months £81.25 per month total amount payable £975.00 Representative 295.60% APR fixed

What is a Short Term Loan?

Short term loans allow you to borrow a smaller amount of money for a short period of time. This is to be paid back, with interest, usually in monthly repayments. They’re a great choice when it comes to needing to pay for unexpected costs or emergency expenses. We consider short term loan applications from everyone, no matter your credit score. We take into account various factors before making our decision and will always strive to help you with your circumstances.

 

What Are The Benefits of Short Term Loans?

Access to fast funds – By applying online, you can access short term loans on the same day or within 48 hours. By getting all your information together and completing the online form in less than 5 minutes, you can get an instant decision and subject to further checks, receive funds into your bank account as soon as possible.  
 
Immediate payment for emergencies – All loans are paid into your bank account in one lump sum, to help pay for any pressing purchases, expenses or emergencies. If approved before 3:30pm, you can receive funds on the same day.  
 
Flexible repayments – With short term loans, you can repay in flexible equal monthly instalments, so you know exactly how much to put aside each month, with no surprises. See also, instalment loans. The ability to repay over 6, 9, 12, 18 or 24 months offers huge breathing space if you are trying to get your finances in order. Plus, you have the option to repay early and clear your balance in full, which will save you on the overall amount of interest owed.  
 
Transparency – We clearly outline the total cost of the loan, repayment schedules, and any fees upfront. There are no hidden charges or surprise fees, so you can make an informed decision.  

Can I Apply For a Short Term Loan With Bad Credit?

There’s nothing stopping you from applying for a loan with a bad credit history and we often provide loans to people with bad credit or even no credit history at all. However it’s important to consider a couple of things before applying. 

First of all, work out what you can comfortably afford to repay monthly and then use our calculator to determine what you can loan from us, in line with repayment amounts that are affordable. 

When you apply for a loan with bad credit with us, we consider a variety of factors before making our decision, not just your credit history. We also take into account your employment status, monthly income and much more. Our goal is always to fully understand your situation and help as much as possible.

If you can show that you’re responsible with your finances and can repay the loan on time, we will do our best to provide you with a loan amount and repayment term that suits your needs.

If, for some reason, we are unable to offer a short-term loan, we may, with your permission, suggest other similar partners who can assist you. Rest assured that we will never share your information without your explicit consent.

Apply For Short Term Loans with The One Stop Money Shop

When you apply with The One Stop Money Shop, you have control over your finances. You get to choose the amount you want to borrow, how long you want to borrow it, and even the date you want your monthly payments to be collected. Usually, this date aligns with your payday.

Our application is quick and easy, taking just a few minutes to complete. After you submit it, you’ll receive an instant decision, letting you know whether you’ve been provisionally approved.

Once we complete additional checks, we can fund your quick loan directly to your bank account in one lump sum. And because we’re a direct lender, there’s no need to worry about involving a middleman.

Why Apply to a Direct Lender for a Short Term Loan?

Short-term loans help you with unexpected expenses such as an emergency dental bill or car repairs. These loans provide financial assistance for necessary costs when you don’t have enough saved money and are often required quickly, due to the often unexpected nature of the reason for needing the loan. That’s why applying for a loan with a direct lender is beneficial in this instance. 

The One Stop Money Shop is a short-term loan direct lender, meaning no brokers or go-betweens are involved in the application process. So, if your application is approved, we will directly deposit the funds into your bank account, often on the same day. Rest assured that we keep all your information secure in our protected servers too and never share your details without your permission.

How Long Can I Borrow For With a Short Term Loan?

We offer short-term loans that you can repay up to 24 months. However, you can choose shorter repayment periods of 6, 9, 12 or 18 months. And if you want, you can even pay back the loan early. This is a good option because it will cost you less overall since you’ll pay less interest. Use our handy loan calculator to determine how much interest would be applied to different loan amounts.

The One Stop Money Shop transfers the loan funds directly into your bank account as a direct lender. You also don’t have to go through any middlemen when it’s time to repay the loan. You have control over how long you want to borrow money and can easily set up monthly repayments directly too. We make it easy to apply for a loan and make a decision quickly.

short term loans

What Is The Criteria For Applying?

We have developed a straightforward eligibility and acceptance criteria to ensure all applicants and customers have a smooth borrowing experience. To apply for a loan, you must meet the following requirements:

  • Over 25 Years Of Age:

    We are committed to responsible lending, which is to always act in the customer’s best interests and as such you must be over 25 years of age, to apply for one of our loans.

  • UK Residency:

    To be eligible for our loans, you must be a full-time United Kingdom resident. We prioritise serving customers within the UK to ensure we provide a seamless borrowing process.

  • Employment Status:

    Whether you are employed full-time or part-time, we welcome your application. We understand that individuals have different work arrangements, and we consider both employment types for loan approval.

  • Ability To Make Monthly Repayments:

    As responsible lenders, we want to ensure our customers can comfortably manage their loan repayments. Therefore, we assess your ability to repay monthly based on your income and expenses, not just your credit score.

  • Valid UK Bank Account Holder:

    A valid UK bank account is necessary to facilitate smooth and secure transactions. It lets us deposit the approved loan amount directly into your account for quick access.

  • Valid UK Mobile Number & Email Address:

    We require a valid UK mobile number and email address to communicate with you throughout the loan process. This ensures you promptly receive updates, loan offers, and the necessary documentation.

How Do I Apply For A Short Term Loan?

Need a short-term loan from a direct lender? You can borrow up to £2,500 at The One Stop Money Shop. Whether you’re interested in short-term loans, bad credit loans, or other unsecured credit options, our application process is quick and easy.

Here’s how it works: Choose the amount you want to borrow and select your repayment dates. We’ll ask you a few simple questions. If your application is approved, we’ll strive to transfer the funds directly to your bank account as soon as possible.

Useful guides about short term loans

How do credit checks work?
How do repayments work?
How to get the best rate for short term loans
What to consider before your apply

What Happens If You Cannot Repay Your Loan?

If you cannot repay your loan on time and know you’ll miss a payment, contacting our customer services team is essential. They’re here to help and can discuss different options with you. These options include giving you more time by delaying your payment or accepting a partial payment without hurting your credit score.

As an authorised lender regulated by the Financial Conduct Authority (FCA), we genuinely care about supporting our customers during difficult times.

Not repaying your loan or failing to contact our team can result in additional fees, such as late fees or daily interest, being added to your loan for the days it’s overdue. According to FCA regulations, the maximum late fee is £15. Getting in touch with us sooner rather than later can help you avoid these extra charges.

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    Quick and Easy Application

  • ccj

    Bad Credit & CCJ loans considered

  • reliable

    Direct, Reliable Lender for over 18 years

  • montly-payments

    Flexible repayment terms

Frequently asked questions

Are Short Term Loans Bad For My Credit Rating?

Short term loans aren’t necessarily bad for your credit rating. Like all types of credit, a short term loan will appear on your credit history, but as long as you make your repayments on time, there’s no reason it should adversely affect your credit rating in the long run. 

Late repayments or not repaying the loan amount at all will however negatively affect your credit rating and could also harm your chances of being approved for any type of loan in the future. 

When you apply for a loan with The One Stop Money Shop, we use a soft search, which means that applying with us won’t affect your credit score either. However it’s best to avoid applying for too many loans from various providers as too many rejected applications will affect your credit score and remain on your credit history for some time.

Are You a Direct Lender or a Broker?

We are a direct lender which means that we will process your entire loan application from start to finish, providing you with a decision, approval, funding and collecting of repayments. You can have peace of mind that you are working with the same company throughout your loan journey and there are no other brokers or middlemen or hidden fees involved.

What is The Maximum Amount That I Can Borrow?

The maximum amount we offer with a short term loan is £2,500 and this is assessed based on your income, credit score and affordability. We will consider any other outstanding debts that you have and review your monthly expenses, just to ensure that you do not borrow more than you can afford to repay.

Do I Need a Guarantor For a Short Term Loan?

No, we do not require guarantors or anyone to cosign your loan agreement to be eligible. The loan is unsecured and you apply directly with The One Stop Money Shop using your own name and without any other parties involved.

Can I Repay My Loan Early?

Yes, you can repay your loan early at any time, so even if your loan term is 9, 12 or 18 months, you can repay the balance in full at any point. Repaying early may reduce the overall interest that you pay, which will help you save money on the overall cost of your loan.

Need Help?

We believe in providing transparent information so you can make informed decisions about your borrowing needs. If you have any questions or require further clarification regarding the cost of borrowing money online with us, our friendly team is always available to assist you.

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It takes less than 5 minutes, and you’ll get a fast loan decision. If approved, we can usually pay the money into your account the same day*. We’re a direct lender not a broker, so our loans don’t require any security to approve.

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