How long is a short term loan?

26th March 2020

A short term loan is a form of High Cost Short Term Credit (HCSTC). It’s a financial service which lets customers borrow a small amount of cash for a short period of time. But how long is ‘a short period of time’?

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WARNING: Late repayment can cause you serious money problems. For help, go to

How much would you like to borrow:

How long would you like it for?
3 months
6 months

Your monthly repayments are:

Total amount to be repaid:
Annual percentage rate:
  % APR

Representative Example: £180 loan for 3 months at a fixed interest rate of 290% pa. Total amount payable is £261.51 in monthly instalments of £98.61, £88.60 and £74.30. This is based on the amount of credit plus interest, no other fees apply. Representative 1266.6% APR

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