{"id":5169,"date":"2024-01-08T16:43:17","date_gmt":"2024-01-08T14:43:17","guid":{"rendered":"https:\/\/moneyhub.ee\/?p=5169"},"modified":"2025-04-22T14:07:10","modified_gmt":"2025-04-22T12:07:10","slug":"compare-short-term-loans-online","status":"publish","type":"post","link":"https:\/\/moneyhub.ee\/en\/useful\/articles\/compare-short-term-loans-online\/","title":{"rendered":"How to compare short-term loans online"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"5169\" class=\"elementor elementor-5169\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-da0a610 e-flex e-con-boxed e-con e-parent\" data-id=\"da0a610\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-88e50fe elementor-widget elementor-widget-heading\" data-id=\"88e50fe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How to compare short-term loans online<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-08fe800 e-flex e-con-boxed e-con e-parent\" data-id=\"08fe800\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d493a7f elementor-widget elementor-widget-text-editor\" data-id=\"d493a7f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">With families struggling to make ends meet and access to traditional forms of credit drying up. More and more of us are turning to <a href=\"https:\/\/moneyhub.ee\/money\/short-term-loans\/\">short-term loan<\/a> lenders to help in times of financial crisis.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">If you\u2019re considering taking out a short-term loan, it\u2019s essential to know what you\u2019re applying for and if you are getting the best deal for your finances. Understanding how to compare short-term loans online is the best way to make the right choice.<\/span><\/p><p><span style=\"font-weight: 400;\">To ensure that you take out the right short-term loan, you must compare which <a href=\"https:\/\/moneyhub.ee\/money\/loans\/\">loan<\/a> against others suits you best. To help you, MoneyHub aims to list all short-term loan companies must list their loans on loan comparison websites.<\/span><\/p><p><span style=\"font-weight: 400;\">However, how do you compare short-term loans online?<\/span><\/p><p><span style=\"font-weight: 400;\">MoneyHub has written a detailed guide on comparing short-term loans online as an alternative for loans and credit.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-50a4011 elementor-widget elementor-widget-heading\" data-id=\"50a4011\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">1. Is the short-term loan lender direct or indirect?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9a68003 elementor-widget elementor-widget-text-editor\" data-id=\"9a68003\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">One of the most significant trends in the short-term loan industry has been the growth of indirect and direct lenders.<\/span><\/p><p><span style=\"font-weight: 400;\">But what is the difference between a direct and indirect lender?<\/span><\/p><h5><strong><i>Direct Lenders<\/i><\/strong><\/h5><p><span style=\"font-weight: 400;\">Direct lenders have received authorisation from the Financial Conduct Authority (FCA) to lend money directly to borrowers. Ranging from small, short-term loans of \u20ac500 to more substantial amounts of up to \u20ac10,000.<\/span><\/p><p><span style=\"font-weight: 400;\">Traditionally, direct lenders wholly used to be banks. However, the influence of the internet and online browsing by consumers has led to an increase in reputable online lenders.\u00a0<\/span><\/p><h5><strong><i>Indirect Lenders<\/i><\/strong><\/h5><p><span style=\"font-weight: 400;\">An indirect lender acts as a referral service, obtaining a commission from the direct lender as payment for referring them.<\/span><\/p><p><span style=\"font-weight: 400;\">Indirect lenders, whilst ultimately legal and reputable, will not be able to support you should you have any questions about your loan. For example, if you run into financial problems, an indirect lender cannot help you. Direct lenders have customer service representatives who can be contacted if borrowers need a solution to their financial problems.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5146913 elementor-widget elementor-widget-heading\" data-id=\"5146913\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">2. Examine the eligibility criteria<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4d6e150 elementor-widget elementor-widget-text-editor\" data-id=\"4d6e150\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Every lender has different acceptance criteria, with some lenders willing to lend to borrowers that others wouldn&#8217;t be able to offer a loan to.<\/span><\/p><p><span style=\"font-weight: 400;\">These criteria can include:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Age<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Type of job<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Monthly income<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Debit card details<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Outstanding loans<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/moneyhub.ee\/money\/loans\/\"><span style=\"font-weight: 400;\">The amount you wish to borrow<\/span><\/a><\/li><\/ul><p><span style=\"font-weight: 400;\">Although not an exhaustive list, as each lender has unique eligibility, always consider whether you can meet these criteria before applying to avoid disappointment.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a8bbd36 elementor-widget elementor-widget-heading\" data-id=\"a8bbd36\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">3. Does the short-term loan lender offer multiple repayment options?<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4342df4 elementor-widget elementor-widget-text-editor\" data-id=\"4342df4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">As a borrower, you must have access to multiple repayment options that best suit your budget and ability to repay your loan. Not all short-term loan lenders offer multiple repayment options.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Multiple repayments ease the financial burden on borrowers and make it more straightforward should they require additional repeat borrowing.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a977e28 elementor-widget elementor-widget-heading\" data-id=\"a977e28\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">4. Search for short-term lenders that are right for you<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f5cf3a3 elementor-widget elementor-widget-text-editor\" data-id=\"f5cf3a3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Today, it is even easier to find a suitable short-term loan listed on a comparison website. Comparison websites like MoneyHub can demonstrate the loan cost, the repayment options, how much the repayments are, and how much the loan will cost once you have fully repaid the amount.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2bbacee elementor-widget elementor-widget-heading\" data-id=\"2bbacee\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">5. Discover the various types of short-term loans available<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-836b30b elementor-widget elementor-widget-text-editor\" data-id=\"836b30b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Online comparison websites can educate you about the different loan types you can apply for. Applicants with a poor credit history can apply for bad credit loans to return to a solid financial foundation (if they repay on time as per the terms of their loan).<\/span><\/p><p><span style=\"font-weight: 400;\">Instalment loans are becoming more popular for those applicants who wish to repay smaller amounts over a more extended period, thus helping them manage their financial budget.<\/span><\/p><p><span style=\"font-weight: 400;\">Using a comparison website is one method of searching for the right loan for your needs.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9cb0586 elementor-widget elementor-widget-heading\" data-id=\"9cb0586\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">6. Choose a loan with a low APR <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8ecf332 elementor-widget elementor-widget-text-editor\" data-id=\"8ecf332\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Annual Percentage Rate (APR) is the interest rate you repay on top of your borrowed loan amount. If you want to boost your credit rating yet still require cash, choose loans with low-interest rates.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">The amount you can borrow will be limited; however, the subsequent experience of borrowing and repaying on time will build your creditworthiness.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Finding a low APR rate can be challenging, but possible if you use a short-term loan comparison website. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f14237c elementor-widget elementor-widget-heading\" data-id=\"f14237c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">7. Choose a loan that pays funds immediately<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a287be elementor-widget elementor-widget-text-editor\" data-id=\"8a287be\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Short-term loans should only be used in times of emergency. Hence, once a short-term loan has been granted, borrowers need to know when they will receive their emergency funds.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Several lenders send the money instantly on the same day as the application, whilst other lenders can take longer to process loans to applicants.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Thus, find a suitable short-term loan lender that instantly pays out your emergency funds. Online short-term loan lenders are the best for this.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fa61c50 elementor-widget elementor-widget-heading\" data-id=\"fa61c50\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Conclusion<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-93959aa elementor-widget elementor-widget-text-editor\" data-id=\"93959aa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">To correctly compare short-term loans online, borrowers must search and read all the information about the potential loans offered.<\/span><\/p><p><span style=\"font-weight: 400;\">When applying for a short-term loan, always check the following details to ensure you borrow from a trusted provider.<\/span><\/p><p><span style=\"font-weight: 400;\">This includes:<\/span><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Loan amount<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The APR<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The total amount you will repay<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The repayment terms<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">In doing so, it puts you, the borrower, in control of your finances, providing access to much-needed credit and connecting you with short-term loan direct lenders that you can trust.<\/span><span style=\"font-weight: 400;\">If you apply for a short-term loan, think carefully before you submit your application and make sure that you can pay the debt on time. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>With families struggling to make ends meet and access to traditional forms of credit drying up. More and more of us are turning to short-term loan lenders to help in times of financial crisis.\u00a0<\/p>\n<p>If you\u2019re considering taking out a short-term loan, it\u2019s essential to know what you\u2019re applying for and if you are getting the best deal for your finances. Understanding how to compare short-term loans online is the best way to make the right choice.<\/p>\n<p>To ensure that you take out the right short-term loan, you must compare which loan against others suits you best. To help you, MoneyHub aims to list all short-term loan companies must list their loans on loan comparison websites.<\/p>\n<p>However, how do you compare short-term loans online?<\/p>\n<p>MoneyHub has written a detailed guide on comparing short-term loans online as an alternative for loans and credit.<\/p>\n","protected":false},"author":3,"featured_media":3865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-5169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles"],"acf":[],"blog_post_layout_featured_media_urls":{"thumbnail":["https:\/\/moneyhub.ee\/wp-content\/uploads\/2023\/10\/world-habitat-day-close-up-picture-pile-coins-sag-coin-150x150.jpg",150,150,true],"full":["https:\/\/moneyhub.ee\/wp-content\/uploads\/2023\/10\/world-habitat-day-close-up-picture-pile-coins-sag-coin-scaled.jpg",2560,1707,false]},"categories_names":{"21":{"name":"Articles","link":"https:\/\/moneyhub.ee\/en\/category\/useful\/articles\/"}},"tags_names":[],"comments_number":"0","rttpg_featured_image_url":{"full":["https:\/\/moneyhub.ee\/wp-content\/uploads\/2023\/10\/world-habitat-day-close-up-picture-pile-coins-sag-coin-scaled.jpg",2560,1707,false],"landscape":["https:\/\/moneyhub.ee\/wp-content\/uploads\/2023\/10\/world-habitat-day-close-up-picture-pile-coins-sag-coin-scaled.jpg",2560,1707,false],"portraits":["https:\/\/moneyhub.ee\/wp-content\/uploads\/2023\/10\/world-habitat-day-close-up-picture-pile-coins-sag-coin-scaled.jpg",2560,1707,false],"thumbnail":["https:\/\/moneyhub.ee\/wp-content\/uploads\/2023\/10\/world-habitat-day-close-up-picture-pile-coins-sag-coin-150x150.jpg",150,150,true],"medium":["https:\/\/moneyhub.ee\/wp-content\/uploads\/2023\/10\/world-habitat-day-close-up-picture-pile-coins-sag-coin-300x200.jpg",300,200,true],"large":["https:\/\/moneyhub.ee\/wp-content\/uploads\/2023\/10\/world-habitat-day-close-up-picture-pile-coins-sag-coin-1024x683.jpg",800,534,true],"1536x1536":["https:\/\/moneyhub.ee\/wp-content\/uploads\/2023\/10\/world-habitat-day-close-up-picture-pile-coins-sag-coin-1536x1024.jpg",1536,1024,true],"2048x2048":["https:\/\/moneyhub.ee\/wp-content\/uploads\/2023\/10\/world-habitat-day-close-up-picture-pile-coins-sag-coin-2048x1365.jpg",2048,1365,true]},"rttpg_author":{"display_name":"David Bailey","author_link":"https:\/\/moneyhub.ee\/en\/author\/davidbailey\/"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/moneyhub.ee\/en\/category\/useful\/articles\/\" rel=\"category tag\">Articles<\/a>","rttpg_excerpt":"With families struggling to make ends meet and access to traditional forms of credit drying up. More and more of us are turning to short-term loan lenders to help in times of financial crisis.\u00a0 If you\u2019re considering taking out a short-term loan, it\u2019s essential to know what you\u2019re applying for and if you are getting&hellip;","_links":{"self":[{"href":"https:\/\/moneyhub.ee\/en\/wp-json\/wp\/v2\/posts\/5169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneyhub.ee\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneyhub.ee\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneyhub.ee\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/moneyhub.ee\/en\/wp-json\/wp\/v2\/comments?post=5169"}],"version-history":[{"count":0,"href":"https:\/\/moneyhub.ee\/en\/wp-json\/wp\/v2\/posts\/5169\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneyhub.ee\/en\/wp-json\/wp\/v2\/media\/3865"}],"wp:attachment":[{"href":"https:\/\/moneyhub.ee\/en\/wp-json\/wp\/v2\/media?parent=5169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneyhub.ee\/en\/wp-json\/wp\/v2\/categories?post=5169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneyhub.ee\/en\/wp-json\/wp\/v2\/tags?post=5169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}