Short Term Loans

Short term loans can be a life line if you have an emergency expense or unexpected bill, meaning you may suddenly be in need of some cash. Short term loans enable you to spread the cost of your loan for a specific time and pay back in manageable repayments. You can apply for a loan with us by visiting one of our high street stores.

Short term loans should not be used as a long term financial solution.

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Representative Example: £300 borrowed for 3 months. Annual interest rate of 292% (fixed). Total amount repayable is £490.85 in 3 monthly instalments of £163.62. Representative 1150% APR.

Apply for a short term loan in 3 simple steps:

How much and how long?

You could borrow from £50 to £2000 and repay over 1 to 6 instalments.

Get a decision

The details you provide on your application will be used to help us make a lending decision. All applications will be subject to credit and affordability checks.

Getting your money and repayments.

If we approve your loan, you could walk out with the cash straight away. Repayments will be taken from your debit card on the agreed repayment date(s)

What are short term loans?

Short terms loans are an alternative to traditional payday loans, designed to be repaid in multiple instalments, rather than all in one go. For many people it is easier to pay back a loan in several instalments rather than a single repayment, although borrowing for longer can be more expensive.

With a short term loan from The Money Shop you could borrow from £50 to £2000, subject to our credit and affordability checks. You can choose to repay your loan over 1 to 6 instalments..

To apply for a short term loan in-store you'll need to bring your debit card, photo ID, proof of income and proof of address. Click here to see the full list of ID we accept.

Looking for an online loan?

The Money Shop no longer offer new loans online through the website or over the phone. To find out more information click here.

We don't charge any fees

No arrangement fee, no late repayment fees and no early repayment fees. All you pay for the loan is your agreed interest. In fact, you can reduce the amount of interest you pay if you decide to pay back early.

Payday loans can be great for those who need to make up a small shortfall in their cashflow, but paying back that lump sum all at once might not be convenient for everyone - it may in fact create more cashflow problems.

At The Money Shop we offer short term loans with instalment repayments. If you want it to repay in one go then you can, or you can spread repayments of equal size over 6 months

To find out more about how to apply for a loan please view our how short term loans work page, or if you would like to read more details on our rates please visit our loan charges page

Important information

We understand that your personal and financial circumstances can change, if this occurs or if you are having trouble repaying your loan let us know as soon as possible by contacting us

Your loan repayment(s) will be taken automatically on the contractual date(s) using your debit card. If your card details have changed please contact us urgently on 0800 009 3565* to update these.

Please be aware that late repayment by you may result in us reporting this to the credit reference agencies which may have a negative effect on your credit score. There are no late repayment fees if you miss a payment and we will not charge any additional interest.

Please note that loan renewals are not offered for this product. If you are an existing customer and would like to apply for another loan, please come and visit us in-store.

If you are experiencing financial difficulty, please click here to find information on non-charging agencies that can provide independent advice.

Remember that short term loans can be an expensive form of borrowing, so take time to consider the costs and risks of the product before taking out a loan.

Short term loans should not be used as a long term financial solution

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