Short Term Loans Repayments Calculator
Search Results: £100 over 3 months
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SafetyNet Credit
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Available Amounts
£100 to £500
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Min/Max Terms
No min or max term
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Late Fees
No fee
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Total Amount Repayable
£130.40 over 3 months
Eligibility Criteria
- Must be aged 18 or over
- Must be in full-time or part-time employment or self-employed
- Must have debit card and bank account into which salary is paid
- Customers must submit bank account login details to apply for a loan
- CCJs accepted
- UK residents only
- Minimum monthly income of £750
- Must have a mobile phone and email address
- Bankruptcy, IVA or equivalents not accepted
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Available Amounts
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Lending Stream
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Available Amounts
£50 to £800
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Min/Max Terms
6 Months
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Late Fees
Up to £15
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Total Amount Repayable
£131.90 over 3 months
Eligibility Criteria
- Must be aged 18 or over
- UK residents only
- Must be in full-time employment
- Must have a bank account and debit card
- Minimum monthly income of £400
- Must have a mobile phone and email address
- CCJs accepted
- Bankruptcy, IVA or equivalents not accepted
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Available Amounts
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Satsuma - Monthly
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Available Amounts
£100 to £1,000
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Min/Max Terms
3 Months to 1 Year
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Late Fees
No fee
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Total Amount Repayable
£147.60 over 3 months
Eligibility Criteria
- Must be aged between 18 and 74
- Must be a UK resident
- Must receive a regular source of income through employment or otherwise
- CCJs within the last 6 months not accepted
- Must have a UK Bank account and debit card
- Must have a mobile phone and email address
- Bankruptcy, IVA or equivalents not accepted
- If you decide to repay early, you will receive a settlement quote valid for 28 days. This will include 28 days interest payable even where you settle the loan immediately.
- Existing customers may borrow up to £2,000
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Available Amounts
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Sunny
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Available Amounts
£100 to £1,000
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Min/Max Terms
6 Months
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Late Fees
No fee
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Total Amount Repayable
£150.21 over 3 months
Eligibility Criteria
- Must be aged 18 to 75
- Must be in part-time or full-time employment
- Must have a UK bank account and debit card
- CCJs not accepted
- UK residents only
- Minimum monthly income of £500
- Must have a mobile phone and email address
- Bankruptcy, IVA or equivalents not accepted
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Available Amounts
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MoneyBoat
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Available Amounts
£200 to £800
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Min/Max Terms
2 to 6 Months
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Late Fees
£15
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Total Amount Repayable
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Eligibility Criteria
- Must be aged 18 or over
- UK residents only
- Must be in full or part time employment
- Minimum monthly income of £1,000
- Bankruptcy, IVA or equivalents not accepted
- Existing customers may be able to borrow up to £1,500
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Available Amounts
Short term lenders that don't match your search
Other types of loan that you may be interested in
Short Term Loan Calculator FAQs
What is a short-term loan?
A short-term loan is an unsecured loan that is repaid by a borrower over the course of at least a couple of months to usually 12 months, depending on your lender’s definition of a short-term loan.
Why do I need a short-term loans calculator?
Whenever you consider taking out a short-term loan, it’s important to know whether you can afford it first. By using a short-term loan calculator or a cost comparison website or platform, you can typically enter the length of time you expect to borrow for, as well as the amount you wish to borrow. The calculator then works out how much you may be expected to repay. This is called Total Amount Repayable (TAP).
How are short-term loans repaid?
When using a short-term loan calculator, you will be given the expected amount you will be required to repay on a monthly basis. Interest typically accrues each month, so this will be included in the total costs you are expected to repay.
The minimum and maximum terms of a short-term loan will vary depending on the lender. Getting a quote should be able to tell you this information for each lender, giving you a clearer idea about who can provide terms that are best suited to you.
How much interest will I have to pay on a short-term loan?
Levels of interest and APR vary between lenders. Before taking out a short-term loan, get a quote, to compare varying levels of interest over your desired term length. Always make sure you can afford your loan, by factoring in the interest a lender may charge.
Is it possible to seek a short-term loan on bad credit?
In terms of unsecured borrowing such as short-term loans, creditworthiness is crucial. Poor credit may limit the options available to you, when seeking a short-term loan. You may find fewer lenders willing to lend, due to higher risk, or they may choose to charge higher interest. However, there are still options for borrowers who have bad credit from certain lenders.
How do credit checks have an impact on credit history?
When applying for a short-term loan, a lender will conduct a hard credit check. Hard credit checks are visible on your credit score for other lenders to see, including the result of that check. A number of hard credit checks in a short space of time will reduce your chances of getting a new loan, so avoid this by finding out your credit score in advance. Some firms offer a soft credit check service in advance of a full application which gives you an indication of how likely you would be to be successful in your application. This is not recorded on your file. Ask a lender if they offer this service, but most importantly ask what time of search they will do before you proceed.
What happens if I make late payment on my short-term loan?
Penalties may apply for late payment of short-term loans, but this depends on the lender. Some charge a fee, but others don’t. A short-term loan calculator or cost comparison tool may be able to let you know which lenders charge late fees, but always follow up by reading the specific terms and conditions of each loan you are considering. Late or missed repayments will have a negative impact on your credit profile.
What penalties can be incurred through failure to repay a short-term loan?
Failure to repay a short-term loan could result in your lender requesting a County Court Judgement (CCJ) to be placed on your credit record for six years. It could remain visible for future potential lenders to see, and will significantly reduce or remove your chances of gaining access to credit or loans during that period.
Do lenders allow early repayment of short-term loans?
Lenders allow early payment of a short-term loan and this could mean not having to pay as much interest overall. However, some lenders may decide to charge a fee for doing so. Always check a lender’s terms and conditions regarding early payment, before requesting a loan.
Our short term loans table is designed to provide a clear and consistent comparison of loans from direct lenders that offer products with minimum term lengths of up to 12 months.
The results displayed are intended to provide and fair, illustrative comparison of the loan products available. The actual cost of your loan will vary depending on the final borrowing criteria applied, you should check the loan costs carefully with the lender before committing to a loan.
What is Total Amount Payable and how is it calculated?
Our table includes a Total Amount Payable figure – this represents the full cost of paying back a loan of the amount and duration you specified. This lets you see how much the loan you searched for is likely to cost you from the lenders that we compare.
For consistency, Total Amount Payable is based on the following assumptions (or as close as possible depending on the lender's own product criteria):
- Payments are made each month on the payment date you select, or the last working day before it
- If your first payment cannot be collected by the lender on the first available payment date it will be deferred until the following payment date
- You take out a loan on the day of your search
- You make all agreed repayments on time
How are early repayment amounts calculated?
When you search for a loan term that is shorter than a lenders minimum term, but that lender allows borrowers to repay loans early, we'll still add them to your results. In these cases, the results are clearly labelled as early
repayments and will include any fees/rebates that are applied by the lender for repaying early. Our early repayment calculations are based on the following assumptions (or as close as possible depending on the lender's own product criteria):
- Payments are made each month on the payment date you select, or the last working day before it
- The original loan is taken out on the next available longer term from each lender that allows early repayment
- Up until the loan is repaid early in full, all previous agreed repayments are made on time
- Any rebates/fees are deducted/added to the total repayment amount figure
How do we display Short Term Loan search results?
Loan results are initially ordered by lowest Total Amount Payable to highest. After your initial search you can re-order your results to according to
various criteria using the options above the table.
Under your search results we list some alternative short term lenders that didn't fit your search criteria. These will not include a Total Amount Payable and will be randomly ordered. To compare these lenders against the others you will need to adjust the loan amount/durations that you are searching for. We may exclude some short term lenders where they do not offer a product that is close to your search criteria.
Please note:
All information in our short term loans comparison table is based on new borrowers – as returning customers taking further loans from a lender
will often get a wider range of loan options. Please check with each lender for more information.
We make every effort to ensure that the information in our table is accurate and consistent but please note that the figures shown are only indicative and may not apply to any loan that you take out as these are based on the specific assumptions described and any loan you take out will be subject to the lender’s credit and affordability checks.
We have commercial arrangements with the lenders listed in the table. This does not cost you anything and does not affect the deal you are offered.
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