5 Best Short Term Loans in UK 2023 (Updated)

Have you ever heard about short-term loans? Whenever you find yourself in a miserable situation you would find different people offering you to get a short-term loan. Short term loans are always considered the best way of fulfilling the financial crisis in emergencies. 

You would find a lot of options regarding short-term loans but it is always encouraged to be aware. We have provided you with five authentic ways through which you can get a short-term loan. All the ways are explained with their prominent features.

Best Short Term Loans in UK


CocoLoan is one of the most popular loan brokers in the United Kingdom. The services of CocoLoan are to connect the borrower with the desired lender in the hour of need. You can enjoy flexible repayment procedures with a wide range of options while getting a loan.

CocoLoan has a high approval rate and hence is considered well established in providing a helping hand to thousands of borrowers. When a person applies for a loan CocoLoan searches for the most authentic and desirable lender from its wide network.

The website never charges a single penny from the side of the borrower but a commission would be from the side of the lender after confirming an agreement between the lender and the borrower.

How To Use It?

If you want to know the entire procedure to get a loan through the CocoLoan service then details are explained here:

Step 1:

First, you need to fill out an online application form that contains all of your important information. The form will connect you with the desired lender.

Step 2:

Different lenders in the database of CocoLoan review the application and accept or reject it according to their desires.

Step 3:

When the lender approves the loan application the money would be instantly delivered to your bank account.

Prominent Features:

  • CocoLoan is one of the safe and secure ways of getting a loan.
  • You can apply for a loan through CocoLoan even with bad credit.
  • You can enjoy 24/7 customer services in the United Kingdom.
  • The loan amount would be directly transferred to your account within a few hours.
  • You can apply for a loan at any place through a remote procedure.
  • You are not required to pay any hidden fees.
  • You can enjoy a variety of options in terms of getting a loan from a lender.


If you are searching to get a short-term loan with a bad credit score then this option is for you. You don’t need to have a long credit card history or any strong credit score. 

Even if you don’t have any credit score, Oportun is also offering loans to such borrowers. You can get an opportunity to build up your credit card score through the own time payments of your loan.

Prominent Features:

  • You can quickly get the loan in your account.
  • you can apply for a loan even with bad credit.
  • A pre-qualification application feature is also provided to the user.
  • It is recommended in different emergencies.


DotDotLoans is an efficient platform to get a short-term loan on an immediate basis. If you are searching for a loan in an emergency then this would be the best option for you. 

You can get a short-term loan of almost £100 to £1000 with a return duration of 9, 6, or 3 months according to the amount of the loan.

Prominent Features:

  • It provides flexible repayment services.
  • Loans are provided to the general public.
  • You are not required to offer anything valuable for security.
  • You are free to choose the repayment duration.
  • You can choose the amount of the loan.


Earnin does not charge any fee or extra money for the whole procedure of loan taking. It has a limitation for beginners as you can take $100 every day. 

This limit can be increased for specific persons in a real serious situation. The website automatically starts deducting the borrowed amount from the pay on the next payday. 

Prominent Features:

  • It is available for Android and iOS devices.
  • It protects the overdraft of the bank account.
  • You are not required to give anything as security.
  • You need to consider your privacy as sometimes the website sacrifices it.


It is an amazing platform that provides you with short-term loans specifically for UK-based borrowers. CashFloat does not induce any impact on the credit card score of the borrower. 

You can get a short-term loan ranging between £300 to £1000 according to your situation. Within 1 hour the desired amount would be transferred to your account.

Prominent Features:

  • The repayment would be between 3-9 months.
  • Do not leave any impact on the credit card score.
  • The amount would be provided within 1 hour.
  • You can repay the amount earlier from the described duration.

Read Also:

What Are Title Loans?

The Complete Guide to Get Cash Advance Loan from WeLoans

Wise Words

Short-term loans are loans that are immediately provided in emergencies. Short-term loans for the UK-based inhabitants have been briefly explained above. Different options with their pros and cons explain hence it depends on you to select the most accurate tool. Just look at the top 5 tools explained above and find the best one.

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