Representative example: borrow £600 for 8 months. 1st monthly repayment of £144.38, 6 monthly repayments of £192.50, last monthly repayment of £96.25. Total repayment £1,369.63. Interest rate p.a. (fixed) 185.39%. Representative APR 611.74%. Our loans are available for 3 to 9 months depending on the loan amount — rates between 295.58% APR and a maximum APR of 1294%.
Representative example: borrow £600 for 8 months. 1st monthly repayment of £144.38, 6 monthly repayments of £192.50, last monthly repayment of £96.25. Total repayment £1,369.63. Interest rate p.a. (fixed) 185.39%. Representative APR 611.74%. Our loans are available for 3 to 9 months depending on the loan amount — rates between 295.58% APR and a maximum APR of 1294%.
Short term loans can be used for a variety of purposes. This can include paying off household bills, weddings, car payments, business expenses, debt consolidation, holidays and more. Short term loans can essentially fill the gap for people who are not being offered credit by mainstream banks and credit card companies. They can allow you to borrow money and pay back on terms that better suit you.
With loans starting from £100 up to £15,000, the purpose of short term loans can range from paying off emergency bills to lifestyle purchases. These could be items such as a new car or to cover costs for moving home. Being short term, you know that you are not tied in for a long period of time. You always have the option to clear your account sooner and will often save money for doing so.
Customers can apply to borrow up to £15,000 repaid over a maximum of 60 months (5 years). The amount you can borrow is based on your income, affordability and credit status. Typically, the higher your income, the lower your expenses and less debt you have outstanding will help you borrow the maximum amount.
A good credit rating is key to maximising the amount you can borrow. If you have a history of paying off similar loans, credit cards and other financial commitments on time, it will help strengthen your loan application.
If that sounds like you, you’re eligible to apply today!
Badger Loans works with a panel of up to 50 lenders in the UK. This helps you improve your chances of being approved for a short term loan and getting access to the funds you need faster. With each lender having different requirements, you can maximise your chances of approval through Badger Loans. Every lender on our panel has been reviewed and vetted to ensure that they are fully authorised, regulated and trustworthy. With no upfront fees, you can receive an almost instant decision in up to 5 minutes and if successful, can receive funds on the same day. Sometimes within a few hours. We will not pass on your information to any other companies without your permission.
Yes, it is possible to get short term loans for people with bad credit. Some lenders are willing to take a view on people with recent defaults, CCJs and similar.
The lenders we work with at Badger Loans will usually run a credit check during the application. If you have bad credit, they will still consider your application if you have paid off recent loans and your credit score is improving.
Equally, the lender may just charge a slightly higher interest rate. Or they could lower the amount you can borrow, just to manage their risk.
Repayments on a short-term loan are typically made in fixed instalments over a set period of time — often weekly, fortnightly, or monthly, depending on the terms agreed with the lender. When you apply, you’ll be shown a clear repayment schedule upfront so you know exactly how much you’ll be paying and when. There are no hidden fees, and the total cost of the loan is transparent from the start.
Most lenders collect repayments automatically via a Continuous Payment Authority (CPA), which means the agreed amount is taken directly from your bank account on the scheduled dates. This helps you avoid missing a payment and makes the process hands-free and hassle-free. If you want to repay early, you usually can — and doing so may even save you money on interest.
It’s important to ensure you can afford each repayment before committing to the loan. Short-term loans are designed to be a temporary solution, so staying on top of the repayment schedule is key. If you ever run into difficulties, most lenders have support teams that can work with you to find a manageable solution.
Get your decision in minutes and, if approved, receive your funds within the hour. Applying won’t affect your credit score.
Once you’ve completed your application and it’s been approved, the funds are usually transferred to your bank account within the hour. In many cases, this happens even faster, especially during working hours. There’s no waiting around for days or dealing with unnecessary delays. We understand that when you’re applying for a short-term loan, it’s usually because you need the money quickly. That’s why we’ve streamlined our process to get you from approval to payout as fast as possible. Just complete the simple form and let us do the rest.
Yes, absolutely — you can repay your loan early at any time. There are no early repayment fees or penalties, and in fact, doing so can help you save money on interest. Most lenders only charge interest on the days you borrow, so the sooner you pay off your loan, the less you’ll pay overall. This gives you more flexibility and control over your finances. If you find yourself in a position to clear your balance sooner, it’s quick and easy to do. Just contact the lender directly to arrange early repayment.
Yes, short term loans usually have higher interest rates than longer-term borrowing. They’re designed for quick access to smaller amounts of money over weeks or months, not years. The cost can be worth it in urgent situations, but they should be repaid as soon as possible to minimise interest charges.
Yes. Like most forms of borrowing, short term loans are recorded with credit reference agencies. Making repayments on time can help your score, but late or missed payments will damage it and may make future borrowing more difficult.
No, applying for a short-term loan through our platform won’t impact your credit score. We carry out a soft credit check during the application process, which helps us assess your eligibility without leaving a mark on your credit file. Only if you choose to proceed with a lender’s offer will a full credit check be performed — and even then, it’s only after your provisional approval. This means you can check your options without any risk to your credit rating. It’s a safe and responsible way to see what’s available to you. You’ll always be in control of what happens next.
Short-term loans are designed to help you cover unexpected or urgent expenses. Many people use them for things like car repairs, emergency home costs, vet bills, or getting through a tough patch before payday. There are no restrictions on how the funds can be used — once approved, the money is yours to manage. The key is to only borrow what you need and to make sure you can comfortably afford the repayments. If you’re facing a financial gap and need fast access to funds, a short-term loan could be a practical solution.
Some lenders offer an extension or “rollover” if you can’t repay on time but this often comes with extra fees and added interest. Extending the loan should only be a last resort. It’s from loan extensions or ‘rollovers’ that you can get stuck in a cycle of debt for years to come. Don’t do it unless you really have no other choice. It’s usually cheaper to speak with the lender about an affordable repayment plan.
Most lenders set a minimum income threshold to ensure you can afford repayments. This can vary, and some lenders accept part-time, self-employed, or benefit income. You’ll usually need to provide proof, such as bank statements or payslips.
