Short Term Loans

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

Since our establishment 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 financing they need for various purposes, such as home improvements, emergencies, debt consolidation, and more.

Our top priority is providing excellent customer service and fast processing. If your loan application is approved, we aim to transfer the funds to you that same day. To get started, click the ‘apply now’ button above.

The difference between short loans and traditional loans

Short-term loans and traditional loans have some differences:

  • Loan Duration

    Short-term loans are repaid quickly, usually a few months to a year. Traditional loans take longer to pay off, often several years.

  • Loan Amount

    Short-term loans offer smaller amounts, ideal to pay off an unexpected bill. Traditional loans can be larger for things like buying a house or car.

  • Eligibility Criteria

    Short-term loans are easier to get if you have lower credit or limited credit history. Traditional loans need a higher credit score and more documents.

  • Application and Approval

    Short-term loans have a quicker process with money sent fast, usually the same day if approved before 3.30pm. Traditional loans take longer, with more paperwork and waiting for approval.

  • Interest Rates

    Short-term loans usually have higher interest rates because they are paid back faster and have more risk for lenders. Traditional loans often have lower rates, especially if they are secured with collateral.

Remember to think about your needs and situation before choosing between short-term loans and traditional loans.

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 that come up suddenly, like a dental bill or car repairs. These loans provide financial assistance for necessary costs when you don’t have enough saved money.

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

Can I get a short-term loan with no credit checks?

While many customers hope to find short-term loans without credit checks, it’s rare. As a short-term lender authorised by the Financial Conduct Authority (FCA), we ensure that our loans won’t cause financial problems for our customers.

We conduct a credit check using information from one of the UK’s three leading credit reference agencies to meet this requirement. This check gives us real-time information about any outstanding loans or defaults.

We also perform affordability checks to determine if the loan amount is manageable based on your monthly income and expenses. Your ability to afford the repayments is just as important as your credit history. After all, your credit score only sometimes reflects how well you handle your finances. We can approve your loan application if you can comfortably repay without financial trouble.

For any further questions about the checks, we carry out, you can contact us here.

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. If you want to learn more, you can check out our 12-month loans.

The One Stop Money Shop transfers the loan funds directly into your bank account as a direct lender. You 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 the money and can easily set up monthly repayments directly.


Apply Online in less than 5 minutes

Complete a quick Online Application in just 5 minutes for instant provisional approval.

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    Bad Credit & CCJ loans considered

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    Direct, Reliable Lender for over 18 years

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    Flexible repayment terms

What is the criteria for Applying?

If you’re looking for short term loans, bad credit loans, or unsecured loans, The One Stop Money Shop may be able to help. The criteria for applying for a loan with us is:

  • You must be over 25 years of age

  • You’ll need to be a full-time UK resident

  • You must be employed and have a regular income

  • You should be in possession of a bank account, mobile and email address

  • You must be able to afford the due repayments on time

Even if you have a bad credit history, we may be able to fund your loan, as we take into account your affordability as well as your credit history.

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.

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

Can I apply for a short-term loan with bad credit?

We can help customers with bad credit by offering them short-term loans. We consider other important factors like their monthly income and employment status. Our goal is to assist our customers and understand their situations.

If a customer can show that they are responsible with their finances and can repay the loan on time, we will do our best to provide them with a loan amount and repayment term that suits their needs.

If, for some reason, we are unable to offer a short-term loan for bad credit, 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.

Frequently asked questions

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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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