Looking for a 3 month loan? To find out how much a 3 month short term loan could cost, complete your details and you will get a personalised loan quote. 3 month loans are classed as short term loans and are available for people with a bad credit history and young people.
3 month loans are short term loans that are paid back over a period up to a year. The payments are smaller and more in more manageable installments than a Payday loan.
Short term loans provide easy access to credit, even if you have a bad credit record. If you have a poor credit history, payday loans can be one of the few ways you can access credit. High Street Banks are unlikely to lend to borrowers with low credit ratings, but short term loan companies will often take the risk because of the smaller amounts involved and the fast payback time.
WARNING. Short term loans are often taken out by people who cannot afford them or who may already have other debts. If your circumstances change, there may not be enough income to meet the loan repayments and you could get caught in a spiral of increasing debt.
To be eligible for a short term Loan, you need to be a minimum of 18 years of age, be a UK resident, have a valid UK bank account, are employed and receive a regular pay cheque
At 1st Loan, we work with brokers who specialise in short term loans for people who have an immediate financial requirement, such as a car repair or an unexpected bill that they need to pay now and can comfortably repay over a short period of months. The terms of any loan offered will depend on your circumstances. You can apply for a 3 month loan up to a maximum of £2,000. You can apply today even if you have a poor credit record. Loans are available only to UK residents over age 18, in employment with salary paid into their bank account.
Taking on a short term loan is something that needs to be fully thought through. It should only be considered in an emergency situation. Short term loans should only be used for temporary money problems; they are not meant to be used as a long term solution. However, if you believe that a short term loan is right for you and you are confident that you can make the repayments on time, please complete the short application form.
You need to complete the short application form to find out how much a loan will cost you.
Please make sure a short term loan is right for you before taking it out. You should always think very carefully before committing to any form of credit or borrowing money.
Please remember that short term loans should only be used for very short term financial needs. Short term loans are not suitable for long term borrowing
If you're trying to manage existing debt or in financial difficulty, consider what your options are before you borrow. For further help on managing your money visit the Money Advice Service.
Our fast, secure application gives you access to multiple lenders, finding you the cheapest loan based on your personal circumstances*.For short term loans, payday loans, guarantor loans, car loans, unsecured homeowner loans
This is the bottom line. As a company, we only get paid if we successfully get your loan paid out. We will endeavour to find the most suitable loan or plan for your individual circumstances. We will do everything we can to get your loan paid out as quickly as possible.
If you are looking for a new loan to replace other forms of credit, such as credit cards, Hire Purchase or other loans, you are advised that the duration of the new loan will be longer or the total amount payable will be higher than your existing arrangements
We offer loans throughout the UK
Copyright © 2020. 1st Loan is a trading style of Joel Malach. We are authorised and regulated by the Financial Conduct Authority. Firm registration number 720851. Data Protection Licence Number: Z8904952. Registered Office: Warwick House, Lowes Road, Manchester. BL9 6PJ1st Loan may receive a fee/commission for either referral or completion of your loan application.
1st Loan is a responsible broker, and as such, would not be able to help if you are looking for us to pay out a loan to someone who is unemployed or receiving benefits as a primary income, who is in financial difficulties or cannot afford to make full loan repayments.
Please see our Responsible Lending Code of Practice for further information or for contact details of organisations who can help people in financial difficulties
Please read our Treating Customers Fairly Policy which shows our commitment to treating our clients fairly and meeting their expectations of high quality service.
1st Loan is not a lender and does not make credit decisions. 1st Loan introduce loan enquiries to a broker that matches customer applications with lenders in their network based on the information provided, in exchange for a commission paid by the lender for advertising services provided. There is no guarantee that you will be accepted by a lender or that you will be offered terms suitable for your financial needs. Not all lenders will be able to provide amounts up to £5000. The time required to process and transfer the loan varies by the lender. This website does not directly endorse any particular product or service. Any information on this site should serve as opinion only. As a condition of extending credit, some lenders you may be matched with may run a credit check from a credit reference agency. Late or missed payments may be subject to increased fees and/or interest rates.
Representative example: Assumed borrowing of £18,000 over 120 months, with a fixed borrowing rate of 6.5% per annum for the first 60 months, followed by 60 months at the lender’s standard variable borrowing rate of 4.95% above Bank of England Base Rate. There would be 60 monthly instalments of £227.38 followed by 60 instalments of £221.71. Total amount payable £26,945.40 comprised of; loan amount (£18,000); interest (£6,920.40); Broker fee (£1,530); Lender fee (£495). This would result in an overall cost of 9.1% APRC. Minimum Term 12 months. Maximum Term 300 months. Maximum APR charged 49.9%.
Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).
*Subject to application being approved by the lender. Not all lenders are able to provide up to £5000
This page provides information and advice on 3 month loans