Short Term Loans
Short term loans are finance agreements lasting only for about a few weeks up to a few months. They are the opposite of long term loans, which may last between one and twenty five years.
Loans with short term duration typically involve a small borrowing limit, ranging between £100 and £2000. Usually, these cash loans are available quickly, and are to be repaid in the same manner that they were obtained. While the small borrowing limit may be seen as a downside, this is usually enough to cover for urgent expenses, when other sources of income are not readily available.
Many borrowers may prefer to have their loans repaid in extended periods, because this would mean lower monthly repayments and less stress on their budget. On the contrary, this means having themselves tied to the loan for too long, with possible strain on one’s finances if repayments are not met on time. Additionally, the longer time that it takes to settle one’s debt, the more expensive it will be over the long haul.
Doorstep loans are short term loan options which are perfect to save you from a sudden financial difficulty. Repayment terms are flexible and can be customized based on your affordability, so you need not worry about not having enough cash when the scheduled pay date comes.
If you’re looking for short term loans that you can repay quickly, apply now through Doorstep Finance!