Short Term Loans

£100 to £5,000, same day payout*

Representative Example: Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).


Fast & Flexible Short Term Loans, for Any Purpose. Borrow up to £5,000

Boutell offers flexible short term loans, for any purpose. And we pride ourselves on our quick and efficient service. Getting you the money, when you need it, in a hassle-free way. We’re a 100% web based operation, facilitating short term lending via our proprietary lender matching system. The entire application process from start to finish takes under 5 minutes and you will be presented with an instant, on screen decision regarding acceptance.

Our network partners also specialise in helping those who need it most. Applicants who need fast cash in an emergency but don’t boast the necessary credit score for approval elsewhere.

How much would you like to borrow?

Representative Example: Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).

We’re here to help. Good credit, bad credit or no credit rating at all. Short term, cash loans are within your reach. Our loans processed in a safe, responsible, and secure manner with the flexibility you require to manage your money successfully.

Applying Online Has Many Advantages

As an online operation, our service boasts numerous advantages over traditional bricks and mortar alternatives. Primarily our speed of service, 24 hour availability and ability to instantly match short term loan applicants with direct lenders able and willing to facilitate their lending needs. This is the reason that keeps customers flocking back to Boutell.

Short Term Loans Online

Boutell offers a range of short term loans online. You can borrow between £100 to £5,000 and have the funds transferred directly to your bank account. Often by the end of the day. As an online loan broker partnered with over 20 reputable lenders, we believe we’re able to find you the perfect lending solution. And provide and a much quicker service. More so given we require no phone calls, additional paperwork, or documented proof for application processing. Our customers prefer this as it means the application process becomes much quicker and a decision is made much faster. Which ultimately leads to you getting the cash you need in a much timelier manner.

Favourable Interest Rates

As we’re partnered with online lenders, we’re able to offer favourable interest rates for short term lending when compared to other high street lenders. Representative APR %’s will always appear higher for short term lending as you may choose to take a loan out for a single month, not the full 12 months / annual term. So keep this in mind when calculating any interest rates presented to you on the final step of your application process. Upon approval, the total amount repayable will be presented to you along with a breakdown of the interest accrued. If you compare these figures to other short term loan providers, we believe you’ll find our rates favourable.

how to cover costs with loan

Direct Lenders Vs Loan Brokers – Key Considerations

If you want to take out a short term loan, particularly via the Internet, you’ll have a choice of going to a direct short term lender or utilising the service of a loan broker such as Boutell. Both options will afford the opportunity to apply for a loan, but depending on your financial situation, one may be more suitable than the other. Particularly if you have a less than perfect credit score and would like the opportunity for multiple lenders to review your loan application. Below we’ll explain why.

Short Term Loans (Direct)

Going direct to a lender, particularly for short term loans is favoured by some. Those who specifically seek out loans with no brokers prefer to deal direct as they believe it boasts significant advantages over using a loan brokerage service. Some prefer to use well-known entities such as high street banks and some believe that they’ll be able to negotiate a better deal for themselves if they can speak to the lender directly. Some lenders also offer promotions and incentives if applications are received directly. The downside is it’s only that specific lender who gets to see your application. If you have a good credit rating, one lender is perhaps enough. However if you suffer from bad credit, it may make more sense to use a broker.

Brokers and Lender Matching

A key advantage in using a loan broker such as Boutell is that it often leads to a higher chance of approval. Given your application is run by multiple lenders at the same time, the likelihood of being accepted by one is somewhat higher. Some prefer to avoid brokers as they believe that it will attract additional fees and charges by way of commissions etc, but this is simply not the case. There are no fees or charges with any of our loan products and the terms/interest you are offered will be the same if you were to go to the lender directly. The application process is also a lot quicker as it’s all handled via automated, web based systems.

Types of Short Term Finance

There are several financial products on the market that individuals turn to when they require short term finance, often in a hurry. We’ll run through the most common ones below and outline how they work, along with the advantages of each in the hope of helping you make an informed and educated decision as to which avenue to pursue.

Borrowing Options

Payday Loans: There is a fine line between the payday loan and short term loan products. Essentially, it depends on the term the loan is taken over. If you’re taking a short term loan to simply tide you over until your next payday, then technically it is a payday loan. In the past, payday loans were typically one month loans, but thankfully new regulations have come into force which means that even with payday loans, the loan terms offered need to be favourable for the consumer. So all payday loans can now be taken out for up to 3 years. This avoids the issues which arise from trying to pay back a loan too quickly.

Short Term Loans: What is considered a short term differs from person to person. In our opinion, short term loans are typically repaid within 3 years. Some however consider a short term loan to be more akin to a traditional payday loan and repaid over a matter of months.

Instalment Loans: All the loans offered at are technically instalment loans. An instalment loan simply means that you’ll repay the loan back in equal monthly instalments over a fixed period. After you have been approved for a short term loan, the details of the instalments including amounts and dates will be presented to you.

main advantages of online loans

Take Advantage of Short Term Lending

Short term lending is clearly a necessity. Particularly these days when more and more people are struggling to make ends meet. But it needs to be handled properly, both on the part of the lender and the customer. Lenders need to act responsibly and make sure that the service they’re offering is suitable for the customer. That the customer can safely adhere to the repayment terms. Likewise for the customer, they must borrow responsibly. Not take on more debt than they can afford to repay and be sensible in what the funds are used for. Below are some benefits associated with borrowing money for the short term.

Primary Benefits

Short term lending has many benefits, especially when using an online service such as Boutell. Here’s why we think they’re a great option!

  • Cash for any purpose.
  • Flexible loan terms (1 to 36 months).
  • Borrow any amount from £100 to £5,000.
  • Low interest rates over shorter terms.
  • Online service, no calls or paperwork.
  • Multiple options, lots of lenders operating in the space.
  • Same day cash when you need it most.

Cash For Any Purpose

All the loans offered on are to be considered loans for any purpose. As the name suggests, it means you’re free to do with the money whatever you wish (within reason). The loan is not required to be used in a certain way for a certain purchase as you’d find with a car loan etc. Some of the reasons for taking out a loan can be found below.

  • Unexpected emergencies (car broken down, medical bills etc).
  • Payment of household bills (utilities, tax etc).
  • Rent/Mortgage payments.
  • Repayment of existing debts/consolidation.
  • Food, clothing, fuel, day to day living costs.

How We Compare

  • Boutell
    Why Use Us?
  • How much can I borrow?
    £100 - £5000
    No hidden fees
  • Over how long?
    1 - 36 months
    Flexible repayments
  • Can I apply with bad credit?
    Quick decision
  • How do I apply?
    Online fully SSL secured
  • When can I apply?
    Even on bank holidays
apply now!

Shorts Term Loans for Bad Credit Applicants

Do you suffer from bad credit?

If you have a bad credit score, you need not worry. Short term finance is still available for customers with bad credit if you have a regular monthly income from either employment, self-employment, or benefits (which is classed as income for borrowing purposes). Our partners consider affordability to be an important factor in the decision making process, not a black mark on your credit report from 6 years ago.

Common Causes of Bad Credit

Here are some common causes for a less than perfect credit score. Perhaps you could take steps to address some of the below if you’re struggling to get accepted for a loan.

  • Missed or late payments on loans/credit cards previously.
  • No presence on electoral register/roll.
  • Poor credit to debt utilisation ratio. Being close to limits/maxed out.
  • Old historic accounts remaining open but inactive.
  • County Court Judgements (CCJ’s).
  • Existing debt recovery solutions in place (DMP’s, DRO’s, IVA’s, Bankruptcy Orders).

Bad, Poor, Low or Even No Credit Accepted

Boutell specialises in helping those with a low, poor, or even bad credit rating. We’re partnered with several reputable UK lenders who can look beyond the traditional credit report and use other metrics to determine an applicant’s creditworthiness. Notably, affordability. Our lenders do not consider your aggregate credit score to be the be all and end all when it comes to assessing suitability for a short term loan. Income versus expenditure is often a more important consideration, particularly when borrowing smaller amounts over shorter periods of time. So even if you have a very bad credit score but still have a regular income (with some surplus), there is a high chance we’ll be able to match you with a lender willing to accept you.

No Credit Check Short Term Loans

From time to time, some of our customers request a short term loan with no credit check. There are several reasons for this, the most common being fear of rejection due to a bad credit score and sometimes it’s simply because the person has applied for a lot of different bad credit loans recently and don’t particularly want another search appearing on their credit record.

Do they exist?

Unfortunately, they do not. Any FCA authorised lender in the UK must perform a credit check on the applicant. There is no way around this, it is a legal requirement and something all licensed lenders must carry out. If there are any lenders out there claiming to offer short term loans without a credit check then they are likely not licensed or simply falsely advertising a product which does not and cannot exist in this market sector. But with that said, credit checks should not be considered a bad thing. There are numerous types of checks. For example, the soft search, hard search, and affordability check. The soft search as used by our partners to determine eligibility does not leave a lasting mark on your report, so there is no harm in applying from a credit scoring perspective.

Short Term Borrowing Options for Students

Here at Boutell, we understand that students often find credit approval a challenge due to a low credit score or even no credit rating whatsoever. And most of the time, this isn’t because they were financially irresponsible in the past. It’s simply because to get a good credit rating, you must have had credit. And handled it correctly by fulfilling the terms of the loan agreement successfully. Unfortunately, most students have not been afforded the chance to do that yet. But we understand this, as do our lending partners. Therefore, we focus on affordability rather than credit scores solely. It allows our lenders to facilitate short term loans for students by taking their income and expenditure into account in addition to the regular eligibility determining factors.

Loan Affordability

A loan affordability calculation when deciding if a student is eligible for a short term loan is as simple as an income minus expenditure calculation. When applying for a loan with Boutell, you can select student as your source of income along with the amount you receive month to month along with a breakdown of your expenditure. We don’t require specifics, or proof, just a general overview of how much you currently spend on rent, bills, food, and other credit commitments etc. From this our lenders can calculate how much surplus income you have available each month and will endeavour to make a loan offer based on this. The loan amount and term offer may perhaps differ from that which you originally requested.

Eligibility Requirements and Great Reasons to Use Boutell!

Getting approved for a short term loan via Boutell is easier than you think. We only have basic eligibility requirements and our lending partner network offer a high acceptance and approval rate. Regardless of your credit score and rating. Below we’ll run through what we require of you to get started.

Our Primary Eligibility Requirements

To apply for a loan, you must meet the following eligibility requirements. We are unable to process your application unless all the following are met: –

  • UK resident with UK address.
  • Regular income from employment, self-employment, or benefits.
  • A UK current account.
  • Be 18 years old or over.

Why Use Boutell?

As a short term loan broker, we specialise in finding our customers the best deal available. Our proprietary lender matching application works seamlessly in the background to match applicants to short term lenders who are able and willing to facilitate their loan request in mere minutes. This is why customers keep coming back to Boutell. Plus, the fact that we treat all our customers fairly and provide a fast, flexible, and safe way to borrow money online. We’re also partnered with highly reputable, UK based direct lenders. All of whom practice FCA regulated responsible lending. It’s a winning formula and one that our customers appreciate.

Reasons to Choose Boutell

Here are some more reasons to choose Boutell for your short term loan: –

  • Quick application and approval.
  • Cash for any purpose.
  • Cash loans up to £5,000.
  • FCA regulated, licensed, and approved.
  • Direct lender partners.
  • No guarantors.
  • Instant decision.
  • Same day transfer.
  • Bad / Poor / Low credit specialists.
  • No phone calls, paperwork, or hidden fees.

No Guarantors Required!

You will not require a guarantor with any of our short term loan products. Loan approval decisions are made based on the eligibility of the person applying solely. You will also not be able to put forward a guarantor in the unlikely event of being declined. However, our lending partners specialise in helping people with a low or outright bad credit score, so even with no guarantor, you still have a high chance of approval today.

How to Apply for a Short Term Loan

Applying for a short term loan via Boutell is extremely easy. To get started, simply head on over to our online application form. Our service is entirely web based, so no phone calls are required and certainly no paperwork. Our online loan application form can be completed in under 3 minutes if you have all your personal details to hand and you will receive an instant decision on screen shortly after that.The form requests the following information, so please have it ready before you begin: –

  • Name, address and contact details.
  • A reason for borrowing money./li>
  • The amount you wish to borrow (£100 to £5000)./li>
  • Loan term (1 – 36 months)./li>
  • Income details (source, payment dates/frequency and amounts)./li>
  • UK bank account info (for fund transfer)./li>

Why Do Lenders Need Bank Details

Upon acceptance of the loan agreement, the lender will transfer the loan funds to you directly via the UK’s Faster Payment System (FPS). This is the sole reason your bank account information is requested during the application process. It is not required for the credit check or approval process, nor are any fees taken from it.

Lenders transfer funds at their own discretion. If you apply for a short term loan during business hours, Monday – Friday, it is highly likely that you will receive the funds same day. If you apply over the weekend or during a public holiday, the funds will be transferred on the following working day. You can however apply 24/7/365 and you will receive an instant decision, regardless of working hours. Boutell operates a round the clock service.

Credit Reference Agencies and Debt Management Advice

Regardless of your current credit score or status, it is important that you check your credit report regularly. Even if you’re not looking to apply for credit in the immediate future, you need to be aware of any mistakes or inaccuracies. And address such as an utmost priority.

6 Years of Data

Given your credit score is yielded from 6 years of reported data, there is a high chance across that period that something has been logged inaccurately. Such information might seem insignificant, but this is a common issue which is known to lower credit scores substantially. You may have also fallen victim to identity theft and have loans and credit cards in your name which you don’t even know about. But if nothing else, if you are looking to apply for credit, it makes sense to learn your likelihood of acceptance prior. And a quick look at your credit score is a great way to gauge that.

CRA’s – The Major Players

When it comes to credit scoring or reporting, there is no common, uniform standard. Each credit reference or reporting agency has their own scale and reporting system. Which is why you often see different numbers depending on which agency you run your report via. But with that said, they all use the same metrics and point scoring to calculate your overall score. So, if you have a good or bad credit score with one, you’ll likely have the same with the other. Not the exact same score, but not wildly different either. It is at a given lenders discretion which CRA they use to credit check their applicants. Some of the major ones used throughout the United Kingdom are: –

You can request a credit report from either of the above agencies (typically paid) or use a service such as Credit Karma who will send you a weekly report for free. Some of the above also offer subscription service and will send you text or email alerts should there be a change to your credit record.

Debt Help, Advice and Guidance – Free Resources and Services

If you’re struggling with debt, firstly, it’s important to know that there are people out there who want to help you. The UK has numerous debt charities and advisory services, some of which are government backed. All setup with the sole purpose of helping consumers via provision of expert advice along with the planning and implementation of various debt consolidation solutions. So if you’re looking to setup a debt management plan, debt relief order, voluntary arrangement or even bankruptcy, it would be wise to reach out to one of the below whilst considering your options. Even if you’re just looking for some free advice.

The websites listed below are completely free to use and all have representatives available either via telephone or webchat that are ready and willing to assist you.

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