If you find yourself a little strapped for cash this Easter, there are plenty of financial providers willing to lend you a short-term loan that can easily tide you over for the Easter period.Your first point of call should be your bank. See if they have any options available to you outside of your overdraft, and remember that you’re looking for short-term lending, preferably with a low interest rate so that your decision to lend doesn’t come back to haunt you when it’s time to make repayments. You won’t find a short-term loan with particularly low interest rates, because of the type of borrowing that it is, so you might need to shop around.
Stick with lenders that are UK-based and will lend to you directly. Never use a lender that lends to you through a third-party, it is an unnecessary middle man, and can be risky. Your lender should be fully authorised by the Financial Conduct Authority, and it’s very easy to check that they are, but they should make it obvious on their website.
You will want a short-term loan that offers multiple repayment options. Most short-term loans will allow you to pay the loan amount (plus interest) back in monthly instalments, as well as all at once. If you want to pay your loan back in full at any time, even if you’ve been making repayments, this should be an option that is open to you.There should never be any hidden costs or fees that a short-term loan provider isn’t upfront about. When you enquire, it should be a simple matter of asking for the information about the loan. Hidden costs are sketchy and should be avoided.
Where possible, check the reviews of the loan company. A reputable loan company will either have a review page for reviews from their clients, or it will take a simple search to find reviews on another website. Read through the bad as well as the good and pay specific attention to recent reviews (usually the last month or two). Reviewed should also be verified.
These short-term loans that you’ll be looking for are supposed to help you during a time where you need a little extra cash, without any hassle. A good starting point would be to have a browse on the internet to find the right loan provider for short-term loans at competitive interest rates. A quick search engine search should be able to yield several more resultsbut ensure that you’re checking loan providers against each other for interest rates, and that you aren’t borrowing more than you can afford to pay back.A short-term loan can help you make the best of Easter. It’s a lot of time to fill with activities, and some of them might become more costly than others. You’ll be able to pay your loan back afterwards, but for now, it might be exactly the solution you’ve been looking for while your children are at home over Easter for a week or two.