Short Term Loans for Students.

All students are in a different situation. Some might have part-time jobs, some might run a business around their studies, while others may be completely reliant on their student loans. There are lots of variables, as well as the considerable differences in the amount they want to borrow and the various repayment terms.

Our brokers panel of lenders is made up of a wide variety of lenders that specialise in loans for different people, even short-term loans for students if they’re eligible. You can check your eligibility without harming your credit score by applying via Payday UK. Our broker will give you an immediate decision, so you know for sure whether you’re eligible without being under any obligation.

Yes. You can choose a repayment period from 3 months to 36 months. The lengthier repayment periods are usually selected by people borrowing more substantial amounts of money, as it makes the repayments more affordable. Shorter-term loans are typically paid back over a shorter period, to minimise the interest charged.

At Payday UK, we have worked hard to make the application process as straightforward and quick as possible. Once submitted, you will receive an instant decision. This is why most applicants receive their money the same day. You can complete your application on your smartphone, tablet, or computer. There is no paperwork or appointments that can slow down the application process.

People turn to payday lenders for a variety of reasons. The quick nature of a payday loan means a lot of people apply for one when they are faced with an unexpected expense or emergency that is going to leave them in a tight spot. If you’re eligible for a payday loan, then there won’t be any stipulations on what you spend the money on. The suitability of a payday loan largely depends on your situation.

Applying for a short-term student loan won’t affect your credit rating in any way. However, if you accept a loan offer, the direct lender is required by the FCA (Financial Conduct Authority) to perform a full credit check before releasing any funds. As this is a legal requirement, all lenders must abide by, be wary of any company that claims to be able to provide a loan without performing a full credit check. If you take out a loan and make all the scheduled repayments on time, then it should only improve your credit score.