Short Term Loans From Moolr
Moolr provides you with a no obligation quick loan quote. We work with many lenders that cater for all credit histories – good and bad.
Moolr finds online short term loans from £100 to £5000 3, with flexible repayment options, from 3, 6, 12, 24, 36, 48 to 60 months.
Transfer Times
Many of the lenders we work with are able to provide you with the funds within as little as 15 minutes, although transfer times can vary.
Our straightforward application form is simple and fair and will provide you with a loan option in just a couple of minutes.
What are short term loans?
Short term loans are repaid over a period of time, with multiple repayment options, and not just one.
Usually, at least two repayments are made in order to pay off the cash loan, but usually more.
Depending on the lender that accepts your application, we are able to offer 12 month loans, 18 month loans, and 24 month loans, to suit any budget.
Budgets
The main purpose of short term loans is to offer you access to higher values of cash loans, and longer repayment periods. This is so that they can suit all budgets.
The often flexible nature of short term loans puts you in control. You decide whether your circumstances would suit a shorter loan term, with larger repayments, or smaller payments over a longer period of time.
What are the differences between a payday loan and a short term loan?
Payday loans are only suitable for certain situations> This is because the short repayment period (usually just 30 days) attracts a higher APR (annual percentage rate) on interest.
APR
Short term loans offer a lower interest rate than payday loans. The repayments are spread over a longer period of time – determined at the point of the loan offer.
We work with lenders who specialise in loans for bad credit histories, whether the option is a short term loan, or a payday loan.
About us
Moolr is a licensed credit broker and not a lender. This is great news for our customers, as we are able to find a provisional quick loan offer from our vast network of reputable lenders, in just minutes.
Unbiased loan matching
We do not perform credit decisions on behalf of our lenders, and nor do we associate or favour any given lender. This means your application is fair, unbiased, and realistic.
Free service
Our short term loan matching service is, and always will be 100% FREE. How can this be? We receive a small fee from the lenders, for putting them together with our customers. This does not affect your charges, or APR, and is fair to charge the lender, rather than our customers.
The process
We will automatically redirect you to the lender’s website that has your quick loan offer, making the process even simpler for you.
If you agree to their terms, you simply click the button to finalise your loan on the lender’s website.
Finalise
If you don’t agree to the terms, you can simply walk away, and you are free to try our service again, to find an alternative lender.
Please note, short term loan options and associated APRs vary from lender to lender.
Collection policies
Once you have agreed and finalised your short term loan option from the lender’s website, you will receive funds directly into your given bank account.
Don’t suffer in silence
If for any reason you feel that you will struggle to make any repayments, then you must get in touch with your loan provider as soon as possible.
In most cases, arrangements can be made to help you – it is always best to deal with the issue.
Communication
In the event of non-payment, should you choose to not contact your lender, they do have a legal right to pass your details on to third party debt collections agencies, in order to recover the debt.
Continuous payment authority
Lenders also have a right to utilise a Continuous Payment Authority. This allows them to continue to attempt to recover missed repayments up to 90 days after the due date.
This will be outlined in the lender’s terms and conditions, so please check these when we redirect you to your lender’s offer page.
Representative 96.2% APR. Assumed credit limit: £1200. Representative 96.2% APR (variable). Annual interest rate 69.4% (variable).
Rates from 45.3% APR to 1721% APR – we provide a no obligation quote, your APR will be based on your personal circumstances.
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