The Benefits of Short-Term Loans

by | Feb 5, 2019 | Loans & Finance

Obtaining personal short term loans can help you pay bills, start a business or take a vacation. In some cases, there is no credit check required to obtain such a loan. Let’s take a look at what you should know about this type of financing before you borrow any money.

Most Loans Must Be Repaid in 30 Days

As a general rule, personal short term loans will be repaid in about 30 days. However, you may be able to negotiate a longer repayment term if necessary. In the event that you can’t make a payment on time, it may be possible to roll your current balance into a new loan. A customer service representative may be able to tell you more about how that works and how it can benefit you.

The Loan Application Process Can Be Done Online

The best part about obtaining short-term loans is that you can do so online. This means that you can get financing from the privacy of your own home or anywhere else that has an internet connection. Online applications are hosted and submitted through secure servers to ensure that your personal information is kept safe.

Loan Decisions Can Be Made in Minutes

A loan decision can be made in a matter of minutes, which allows you to get your money in a timely manner. In most cases, you will have your money within a few hours of obtaining loan approval. However, this timeline may be extended if you apply for money over the weekend or during a holiday. When your loan application is approved, you will receive a notice clearly outlining the balance of the loan, your interest rate and the repayment date.

The next time you need funds fast, visit to see what Short Term Loans, LLC can do for you.