Cash Kitty

Short Term Loans

A short term loan is the perfect alternative to the traditional style payday loan.
Quick approval
Quick approval
Short term loans
Loans up to £5,000
Secure lenders
Secure UK lenders

Cash Kitty short term loans

Apply for a short term loan with Cash Kitty today. You can also learn more about short term loans below.

Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% p.a. (variable). Representative 305.9% APR. A short term high cost loan should not be used as a long term solution. We are a broker not a lender. We don't charge fees. We don't sell your personal information.

What is a short term loan?

Short Term Loans are great if you're able to pay them back within a year. You may still be able to get a short term loan even if you don't quality for a line of credit from a bank. Cash Kitty are able to help you get started with your loan application today.

There is a myriad of ways to find a short term loan online. One quick search and you would get at least half a dozen lenders based in your city or town. Finding random lenders or checking out all types of short term loans wouldn't be helpful when you have some very specific requirements. The gamut of research only applies and is significant for anyone who is unsure of the type of loan one wants or needs.

Cash Kitty

Before you apply

Please make sure that you meet the following criteria before applying with Cash Kitty.

Must be a UK resident
Must be 18 or older
Must have a valid bank account
Must have an income
Must have a valid address
Must have an internet connection

4 steps to find the best short term loan

Let Cash Kitty explore the four essential steps to find the best short term loans, considering you know exactly what you need.
1 Short term loans credit requirement

Do not begin with random searches for short term loans. Make a list to clearly understand your requirement. Make a note of the loan amount you would like to apply for. Come up with a range just to accommodate your need should the lenders be unwilling to offer you the asked loan amount. Choose the term you are willing to go for. Depending on your choice of lender and the exact loan offer, the term could be anywhere from a month to twelve months, perhaps more in some cases.

Usually, a short term loan will have anywhere from three months to twelve months as the repayment period. You would also need to be ready with the paperwork, from ids to proof of income. But, with Cash Kitty there is no paperwork. The more prepared you are, the easier the whole process shall be. Do not wait for lenders to get back to you with incomplete applications or asking for more details. These would simply delay the whole process and defeat the purpose of trying to get a short term loan quickly.

2 Short term loans vs payday loans

You should make the distinction between short term loans and payday loans at the very outset. Both can be of help but you would need to pay back a payday loan much sooner. There is an inherent advantage in that as well. You would be able to go debt free in just a month or three. With short term loans you may have to continue repaying for many more months. However, being compelled to repay the whole loan amount with the interest can be difficult for most borrowers.

In such scenarios short term loans with three months to twelve months of repayment period are reasonable, realistic and much more flexible. You wouldn't find much difference in the amounts being approved as short term loans and payday loans. If at all, you would be able to borrow more with short term loans than payday loans. Lenders are fully aware that repaying the entire loan amount with the entire interest when you get your next paycheck can be quite a daunting ask.

3 Studying the propositions

When you get multiple loan offers, you ought to compare them well. Do not stay confined to the loan amount and interest. Venture beyond the obvious elements of the loan. Short term loans can have hidden charges or fees, there may be penalties for late payment and other clauses binding on your repayment. Read the terms and conditions with as much focus as you would pay attention to the interest rate and loan amount.

4 Confirming the turnaround time

Finally, consider the turnaround time and confirm it with the lender or broker. Do not deal with lenders of short term loans that would anyway take seven days or even three to get back to you. If you need money urgently, then the turnaround time matters a lot. Fortunately, Cash Kitty will tell you precisely how long or how quickly a particular lender will approve your short term loans.

Cash Kitty

Types of short term loans

Here at Cash Kitty we understand that not everyone is familar with the different types of loans available to them. This is why we're going to go over the types of short term loans in the next section to give you a better understanding of the options available.

We're going to be taking a look at overdraft facilities, credit cards, payday loans and also a couple of the companies that Cash Kitty are up against, finally, we're going to be diving into exactly why Cash Kitty is the perfect place to actually get a short term loan. Finally, we'll cover our loan rates here at Cash Kitty, are you ready? Read on to learn more...

Cash Kitty: background into loans

Short term loans are a financial product, just like home loan and car loan. Many people consider a car loan as one of the types of short term loans and they may be right in certain circumstances. If a car loan has a term of one year or less, then it can be deemed as a short term loan. Car loans that have repayment terms of five years or even three years cannot really be classified as short term loans.

The banking and non-banking along with the regulated and unregulated financial industry classifies short term loans as any lending that has to be repaid with interest within twelve months, preferably much earlier. There is another misconception about short term loans that needs clarification. Short term loans can be secured and unsecured. Just as payday loans are unsecured short term loans, personal loans from banks against collateral or with a guarantor to be repaid in a year would be secured short term loans.

Beyond the difference of secured and unsecured, there are many types of short term loans. Here is a sneak peek.

Overdraft facilities offered by banks

Overdraft facility is a common service offered by banks. This is directly related to a savings or checking account. Overdraft is common in the UK for businesses that operate a company account, also known as a current account. Overdraft is usually not available with savings accounts in the UK or with salary accounts. Some privilege account holders, such as premium customers or those with a substantial bank balance, may get the overdraft facility.

Credit cards - short term loans

A Credit card is essential a type of short term loan. Credit cards come with vastly varying limits. The limits are essential the maximum loan amounts. You could use a hundred quid and repay it in thirty days or longer. The hundred quid is the loan amount. You don't pay any interest if you pay it in full by the next billing cycle. If you don't pay it in full, you pay interest. Credit cards are the most common type of short term loans in the world. They don't operate as loans in the traditional sense as in you don't apply for a new loan amount every time you need to buy something and pay with the card. The transaction itself is a form of approval of the loan, as long as you are within the limit.

Payday loans are short term loans

Payday loans are short term loans. Unlike overdraft and credit card, payday loans are short term loans for people with bad credit. Those who have a poor credit history or bad credit will not qualify for credit cards or overdraft. There can be some credit available from the bank one has an account with but loans would not be approved. Whether it is a car loan or personal loan and any other secured loan, bad credit applicants will have to resort to private lending or un-institutionalised lending. Payday loans are unsecured loans, available for borrowers regardless of credit score.

Cash advances from the company one works with

Cash advances from the company one works for or private lenders offering some cash advances are similar to payday loans. Only the source is different. Cash advances are short term loans that are repaid, at times without interest when it is a company lending to the employees. The repayment term is usually just a few months. It could be one month too, which will be exactly what a payday loan is.

Money market offers short term loans

Money market offers short term loans. There are some lenders who have more cash than they can lend. There are lenders who run out of their funds. Money market is a conglomeration of sorts where lenders signed up in a network pool in the surplus or available funds, facilitating the lending to new borrowers. This is more like a syndicate or a collective fund being channeled through one body where every lender is a signatory. Money market can be of banks, financial institutions, investors or private lenders.

Cash Kitty offer loans for bad credit

Other types of short term loans are refund anticipation loan which is a consumer loan, bridge loans which are usually a part of a longer term loan and pawning where you use a precious item as guarantor for some money which you repay and get your item back. The best type of short term loans is from private lenders who don't ask for guarantors or collaterals and wouldn't have a high credit score criterion, the kind Cash Kitty facilitates.

Cash Kitty loans for bad credit

Apply now for a loan with Cash Kitty

Apply Now

Warning: Late repayments can cause you serious money problems. For help, go to

© 2021 Cash Kitty. All rights reserved.