| Lender |
Description |
Discount Code |
|
Link |
| Wonga |
Wonga |
Enter AFF25 for 25% discount! |
|
Go |
| QuickQuid |
QuickQuid |
Enter AFF25 for 25% discount! |
|
Go |
| JustLogbookLoan |
JustLogbookLoan |
Enter AFF25 for 25% discount! |
|
Go |
What are Short Term Loans?
As the term suggests, short term loans are designed for short term borrowing, designed to give you quick access to money and the opportunity to pay it off in a relatively short amount of time. In the UK, there are two very popular forms of short term lending that is suitable for anyone in need of instant cash.
Payday Loans
Payday loans are unsecured loans which aim to provide financial assistance until the borrower receives the next paycheck. As the term suggests, this loan is payable on the borrower’s next payday, in the full amount together with the interests. Typically, it only takes a few hours for the borrower to receive the loan money after successful application.
Payday loans don’t require credit checks and are ideal for customers with bad credit and couldn’t secure a regular loan otherwise. The only basis for loan approval is the borrower’s proof of income, showing that he is able to repay back the loan.
Logbook Loans
On the other hand, logbook loans are financial agreements secured against the borrower’s vehicle. With logbook loans, the logbook of the borrower’s car is handed over to the lender as collateral against the loan money, and the borrower signs the bill of sale. This gives the lender the right to repossess and resell the vehicle to recover the cost of the loan if the borrower defaults. The loan money is payable within a predetermined time period, usually between a few weeks to a few months.
Like payday loans, logbook loans don’t have credit checks and were designed mainly with bad credit individuals in mind. The purpose of this loan is to provide a quick and easy alternative to regular lending, whereas everyone from all walks of life can qualify.
What We Offer?
Short term loans can give you just the right amount of cash to tide you over until you’re back on your feet. You don’t need to commit to years of repayments, which can be quite detrimental to your monthly budget.
We compile an extensive list of promotional codes which you can use to obtain discounted loans from UK’s leading companies such as QuickQuid. We understand the difficulty many borrowers fall into getting a short term loan. While obtaining any loan itself can be quite challenging, what we’re most concerned about is the fact that many individuals may be predisposed to a never-ending cycle of revolving credit, simply because the loan is too expensive. Here at PopVoucher, we are committed to helping you squeeze the most savings and free yourself from debt the soonest possible time.