Short-term loans

At Instant Lolly, we can help with short-term loans for all credit types — so you can still apply with us if you have a poor repayment record or limited credit history.

While our lenders will look at your credit report, they are more concerned that you have adequate means to repay your chosen loan and won't be left struggling financially due to taking on new credit.

Been refused elsewhere?

Different loan companies have different requirements and criteria. Just because you got turned down before doesn't mean you won’t be able to get a loan from someone else.

Instant Lolly can quickly identify the best short-term loans for bad credit situations and check your eligibility with lenders before you apply, ensuring you have a good chance of acceptance when you do.

Yes, you can, but you must have a suitable source of income that can be used to repay the loan; such as self-employed earnings, a pension or benefits.

Every lender has different acceptance criteria, but Instant Lolly can quickly narrow down the right lenders for your situation. Be aware, however, that lenders have monthly income requirements (typically, at least £350); so, if you are unemployed and only receive basic unemployment benefits you are unlikely to qualify for this type of loan.

Lenders will also check to ensure that your income is sufficient to comfortably cover the cost of loan repayments on top of your existing outgoings. Affordability checks are carried out for your protection, so please ensure you fill out your financial details as accurately as possible when you apply.

Short-term loans are quick — very quick. Once you have completed your online agreement and been approved, the lender will usually send the money to your bank within 15 minutes.

Funds are sent using a system called Faster Payments. It means that the money is normally available almost immediately.

Be aware, however, that on occasions, the process may take longer depending on when you apply, the lender and your bank.

Ultimately, yes, but there are things you ought to be aware of (read on). And, for the record, short-term loans with no credit check do not exist.

All UK direct lenders are required to make reasonable creditworthiness checks as part of responsible lending practices, and for most, that means a full credit check with a credit reference agency when you apply — even if you're not approved.

However, at Instant Lolly, we check if you’re likely to be accepted before you apply.

A soft search of your credit report provides our lenders with enough information to make a provisional lending decision without leaving a mark on your credit file. So, unless you accept an offer, no credit check will be carried out and your application won't affect your credit score.

Short-term loans and payday loans are different products but they are very similar.

Payday loans are repaid on your next payday and have a maximum duration of 30 days or so, whereas, short-term loans offer longer terms of up to 12 months or more and are repaid in multiple instalments.

These days, people often use the two terms interchangeably; because, aside from the duration of the loan, they offer exactly the same features and benefits.

At Instant Lolly, we've made it simple. You don't have to worry about what type of loan to choose — just tell us how much you would like to borrow and for how long, and leave the rest to us.