Short Term Loans

Quick cash loans of up to £5000*

Apply Now!

100% Secure Online Application

Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed).Representative 669.35% APR (variable).

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

Cobra Payday Loans Hero

Get Quick Cash

Short Term Loans From £100 – £5000

If you need fast access to cash, a short term loan could be the answer! Apply today for an instant decision.

We work hard to ensure that getting a loan is as easy and hassle-free as possible. So there are no fees or hidden costs, apply in confidence today with an FCA authorised company.

What Are Short Term Loans?

A short term loan is similar to a payday loan, but the repayment structure differs slightly. Instead of repaying what you owe on your next payday, you’ll instead spread the cost over several instalments making monthly repayments much more manageable. Many people prefer short term loans because they find it much easier to repay what they owe over a longer period of time, instead of being expected to make a repayment in full as soon as payday arrives.

Why Choose Cobra Payday Loans?

Our service is completely free to use, and you can save time and the hassle of securing a loan. We work with a panel of 30+ direct lenders, and when you complete our easy to use application form, we will scour the market to find a lender willing to lend to you. Short term loans are regulated by the FCA (Financial Conduct Authority). All of the lenders we work with are FCA authorised, so you can rest assured that you’ll be dealing with a direct lender with a proven track record of offering transparency, ethics, and fairness when you enter into a loan agreement.


What Our Customers Say About Us

Can a Short Term Loan Improve My Credit Rating?

Absolutely! Just the same as any other form of credit you take out, if you meet your repayments obligations, this will be reported to the credit reference agencies and have a positive impact on your credit score.
Of course, if you are late with your repayments or miss them entirely, this will negatively affect your score, so it’s important to be sure you can meet your repayment commitments before applying.

apply today with a company you can trust

What If I Have Bad Credit?

If mainstream lenders have turned you down, you might find that a bad credit short term loan could be the solution. While the FCA requires all lenders to perform credit checks before approving a payday loan application, many are willing to work with individuals with less than perfect credit.

Having a poor credit history doesn’t have to be a barrier to gaining access to finance, and short term loans are one of the best options out there for those with historic late or missed payments causing issues on their credit file.

The lenders we work with look at more than just your credit history. They take all your circumstances into account before making a decision. After all, you are more than just your credit score! Apply today by filling out our quick and simple application form, and you could have the money deposited in your bank account the same day.

have bad credit? - no problem

Is There a Credit Check?

If you have a poor credit rating, a short term loan can be a great opportunity to start painting a better financial picture of yourself to prospective lenders. However, don’t be tempted to try and find a short term lender who will allow you to borrow money without a credit check.

Lenders who offer finance of any type without a credit check are breaking the law. Steer clear of these unscrupulous firms and instead stick with FCA-approved providers of financial services. With a fully regulated lender, you’ll be able to raise issues with the financial ombudsman if you feel like you’ve been aggrieved in any way. On the contrary, you’ll have no recourse or come back if you borrow from an illegal lender.

Why not use our service to find a great-value short term loan with an FCA-approved lender? This way, you can be sure that you’re protected.

Ready to apply?

Borrow from £100 to £5000

Short Term Loans for the Unemployed

Most short term loans are issued to people who are in full-time employment. This is because they can demonstrate an ability to pay back what they borrow via their monthly wage. Payday loan lenders look at affordability when considering who to lend to. For example, a lender may ask you to list your current monthly outgoings (such as rent, utility bills, monthly subscriptions, transport costs and so on) to ascertain whether you earn enough to make repayments on top of your existing monthly outgoings.

Some lenders are willing to offer short term loans to the unemployed, provided they can prove that they have the means to make repayments. If you are unemployed but have other forms of income (such as a pension or regular employment support allowance payments), most lenders will consider your application for approval. Why not use our free service to find out if you could be eligible for an unemployed short term loan today?

applying through cobra payday loans is quick and simple

What Happens If I Don’t Repay My Short Term Loan?

Most short term loans are repaid on time and in full. However, there may be instances where you cannot afford your loan monthly repayments. If this is the case, you should contact your lender as soon as possible to try and come with a realistic and affordable repayment plan.

Before agreeing to the terms of a short term loan, you should be aware that failure to keep up with repayments could result in your case being passed to the legal department of your lender. In addition, direct lenders will also inform credit reference agencies that you have failed to make your repayments on time. As a result, defaulting on a short term loan could impact your credit rating and severely reduce the chances of accessing finance in the future.

Apply for a loan today

Borrow from £100 to £5000

Where to Get Advice If You’re Worried About Debt

If you’re concerned about your current financial situation, it may be beneficial to seek help and advice. Worrying about debt can leave you feeling overwhelmed and stressed – but it’s important to realise that help is at hand when you need it. The following organisations may be able to offer free advice on how to deal with debt:

Citizens Advice
Debt Advice Foundation
National Debtline

short term loans for any purpose

Apply for a Short Term Loan Today

If you need cash today, why not apply for a short term loan online? With our free service, we could match you with a lender willing to offer you a great deal on a short term loan in a matter of minutes. With faster payments, you could receive the funds direct to your bank account within an hour.

Enter your personal details and allow us to find you the best possible short term loan deals in the UK. Our priority is helping you to find a lender that wants to work with you to provide you with access to short term loans – even if you have a poor credit rating.

Whatever your reasons for needing fast access to finance, we’re here to help you get the money you need when you need it – with affordable instalment loans. Getting short term loans online needn’t be difficult. Regardless of what’s in your credit file, your credit score doesn’t need to be perfect!

Give us a try today – you won’t be disappointed, and you could have access to a short term loan straight away!