Short Term Loans
Most financial loans are taken out with the intention of being repaid over a period of years. Yet there are times when you may require a relatively small amount of finance urgently, and you do not wish to be repaying your debt over a long period. In this instance, short term loans may be the solution you seek to cover your financial needs.
For personal or business purposes, you may not qualify for a line of credit provided by a traditional institution such as a bank. You may, however, be approved by a non-traditional lender for a one-off, short term loan with repayment complete within a year or less. These types of loans may be offered for both business and personal requirements.
What is a Short Term Loan?
A short-term loan is a loan provided by a non-traditional lender. It provides an effective solution to short-term cash flow problems and delivers you the funds you require to get on with your life. They are, in most cases, small loans of up to five thousand dollars (though may be a higher amount depending on your circumstances and your lender) that are repaid within two years (but usually in a year or less). The majority of short term loans have an upfront establishment fee and a monthly fee attached to them. Repayments are made on an agreed-upon basis and frequency.
Short term loans can be incredibly beneficial when you require a relatively small amount of money fast. You also have the peace of mind that you will not be repaying your loan over a protracted period. Short term loans may be approved even if you have a history of bad credit.
Short term loans can be invaluable when it comes to financing:
- Home repairs
- Vehicle repairs
- A wedding or vacation
- Periods of limited cash flow
There are also short term loans available specifically for business purposes (short term business loans).
Universal Finance is perfectly positioned to provide you with the solution you seek when it comes to short term loans.
How Can Universal Finance Help?
Universal Finance is a well-established, first class, South Australian-based finance company. We are experts in our industry and we have twenty years of experience as a business in Australia. As such, we are the ideal provider to offer you premium solutions when it comes to short-term loans.
When you choose Universal Finance, you will benefit directly from our experience, expertise, commitment, passion, and highly competitive interest rates. We have access to the most comprehensive network of lenders Australia-wide, and we guarantee that we will match you with the loan solution you seek.
Our short term loan application process is fast and uncomplicated. Once your loan is approved and your repayment terms are agreed upon, you will receive the funds into your account promptly.
CONTACT US AT Universal Finance TODAY
Contact us today to discuss what you need relating to short term loans or any other loan product like unsecured business finance & loans.