Is Short Term Borrowing The Only Way To Get Money?

There are lots of reasons you might need to borrow – and lots of ways to do it. There are several ways to borrow money and which you choose ultimately depends on what you want to achieve. Take a look at the short term borrowing options available and see if they could help you.

Borrowing OptionsShort Term LoansCredit CardArranged Overdraft
 Suitable forSmall loans usually borrowed for less than 12 monthsUse a credit card for pretty much anythingUnexpected bills or everyday expenses
 Amount you could borrowDepends on the lender but it typically ranges from £50 to £1,500The limit depends on your bankDepends on the type of account you have
 EligibilityCheck our eligibility requirements here.You’ll need an eligibility checker to see if you’re likely to be accepted before you applyYou’ll need an eligibility checker to see if you will be accepted before you apply
 When you’ll receive itWithin a couple hours or the next working dayThe card should arrive within 7 to 14 daysUsually, as soon as your application is approved
 Repayment optionsYou’ll need to repay your loan in fixed monthly instalmentsYou can pay in a variety of waysRepay in your own time, but you’ll be charged a daily fee

Consider your options

Another option for short term borrowing is turning to your friends and family. If you’re looking to borrow a little money and pay it back quickly, friends and family are often the best port of call. And they’re usually willing to help in many ways. Not only can they lend you money, but they’re generally more understanding about terms of repayment. As an added bonus, there’s no credit checking or interest involved.


Whenever you are short on cash, it is best to weigh up your options first before making any big decisions. There are many forms of short term borrowing when it comes to money, and it’s best that you make the best decision for you and your finances!