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

Short term loans

  • Fast 3 to 60 month online loans
  • 100% No obligation loan quotes
  • Cash could be sent in minutes*
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79.5% APR Representative

Digitonomy Limited (trading as Growing Power) is a credit broker not a lender. All Applications Subject to affordability, UK residents only.

Rates between 15% APR and Maximum 1733% APR - your no obligation quote and APR will be based on your personal circumstances - we compare small loans from over 30 lenders to get you the lowest APR possible. If you are not successful in finding a loan we may transfer you directly to alternative firms and services, such as credit builder tools, which may charge you a monthly fee.

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Affordable repayments
Flexible Repayment options

Representative example: Amount of credit: £1000 for 12 months at £123.40 per month. Total amount repayable of £1,480.77 Interest: £1000.00. Interest rate: 79.5% pa (fixed).79.5% APR Representative.

Rates between 15% APR and Maximum 1733% APR. Loan term lengths from 3 to 60 months. There are no fees for our service.

Search for a short-term loan up to £10,000 with Growing Power.
Growing Power is a credit broker, and if one of the lenders on our panel approves your application, your money could be sent today.*

  • All the lenders on our panel are authorised and regulated by the Financial Conduct Authority (FCA).
  • Our service is free to use.
  • No-obligation quote.
  • Secure online form.
  • Get a decision in just 60 seconds.
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Who can search for a short-term loan with Growing Power?

You can use Growing Power to help you search for a suitable short-term loan if you:

  • Are over the age of 18;
  • Are a UK resident;
  • Have a UK bank account;
  • Have a valid debit card; and
  • Have a regular source of income paid into your bank account.

What is a short-term loan?

A short-term loan is when you borrow an amount of money from a lender, use it to cover the cost of an emergency expense, and then pay it back across a set repayment term. You’ll be charged interest on the money you borrow, and this will be included in your monthly repayments.

What can I use a short-term loan for?

A short-term loan could have a variety of uses. Most commonly, borrowers apply for a short-term loan in the event of a financial emergency.
A short-term loan could help to cover the cost of:

  • An unplanned bill, such as veterinary costs for a poorly pet.
  • Car repairs.
  • Essential household maintenance, including leaks and broken boilers.

Before you apply for a short-term loan, have you already explored any alternative options available to you?

Is a short-term loan the same thing as a payday loan?

While a payday loan is a type of short-term borrowing, it’s not the same as a short-term loan.
When you take out a payday loan, you’ll usually need to repay the entire amount of money that you’ve borrowed within a month.
A short-term loan provides borrowers with a choice of repayment terms. This allows them to spread the cost of the loan, which could potentially make it more manageable.

What repayment terms are available with a short-term loan?

With Growing Power, you can search for a short-term loan with a repayment term from 3 to 60 months, depending on the amount of money you apply to borrow.

What’s the best repayment term for a short-term loan?

The best repayment term for a short-term loan will depend on your personal circumstances and financial situation.

You might think about a shorter term if the following statements apply to you… You might think about a longer term if the following statements apply to you…
I’d prefer to make fewer repayments at a higher cost per month and clear the balance of the loan sooner. I might need longer to repay the money I’ve borrowed, and would prefer to make more payments at a lower cost.
I understand that while my monthly repayments will be higher, a shorter term will mean that I’ll pay less interest overall. I understand that my monthly repayments will be lower, but the overall cost of the loan will be higher due to me having to pay interest over a longer period.

How much money could I get with a short-term loan?

The lenders on the Growing Power panel offer loans from £100 to £10,000.
Before you apply for a loan, you should work out exactly how much money you require. You should never apply to borrow more money than you need or can afford to repay.

Short-term loans for bad credit

‘Can I apply for a short-term loan with bad credit?’ is a frequently asked question.

The answer is yes, you could apply for a short-term loan with bad credit, although you should think carefully about whether this is the right option for you at this stage.
Many short-term loan direct lenders in the UK, including several on the Growing Power panel, specialise in loans for people with bad credit.
While your application for a bad credit loan could be considered by a specialist lender, you might be restricted in the amount of money you’re able to borrow.

How much will a bad credit short-term loan cost?

The overall cost of a short-term loan will depend on the following:

  • How much money you apply to borrow.
  • How long you borrow the money for.
  • The interest rate you’re offered.

Please note that a bad credit loan could come with a higher rate of interest.

Does Growing Power offer direct lender short-term loans?

As discussed, Growing Power is a credit broker, and we work with a panel of direct lenders who offer short-term loans.
We’re able to scan our panel of over 30 lenders for a suitable loan for you, without harming your credit score.
If we’re able to match you with a lender, you’ll be redirected to their website where you can decide whether you’d like to make a full application for a short-term loan. At this stage, the lender will complete a creditworthiness assessment, which will include a hard search or Open Banking. Please be aware that a hard search will affect your credit score and stay on your credit file for up to 12 months. It’s also important to remember that multiple hard searches within a short period of time will negatively impact your credit score.

Using a credit broker, rather than applying for a short-term loan with a direct lender, could save you time and help to prevent multiple hard searches on your credit file.

Can I pay my short-term loan off early?

You might be able to repay your short-term loan early, but this will depend on the lender. Please note that some lenders may charge an early repayment fee.

What to do if you can’t repay your short-term loan

If you’re struggling to meet your monthly repayments, you should speak to your lender. They appreciate that people’s circumstances can change, and that this is often out of their control and very stressful. A trained advisor will listen to your situation with empathy and talk you through any possible solutions.

I’m worried about money; can you help?

We’re sorry to hear that you’re having a tough time with your finances. Please know that you don’t have to face this on your own, and that free, impartial advice and support can be accessed through the following charities and organisations: MoneyHelper, Citizens Advice, and National Debtline.

If you’re feeling overwhelmed and you’re not sure where to start, you might find StepChange’s free Money Health Check useful. Answering a few confidential money-based questions about your current situation will generate suggestions about what you can do next.


*Payout timescales vary between lenders. The time it takes for the money to appear in your account will depend on your bank’s policies and procedures.

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