Student short term loans, are they available?
Short term loans are available to almost anyone if you are able to meet the criteria. Typically this will require you to have a regular income. Students are often employed on at least a part-time basis, which will make a student short-term loan a possibility. With loans starting from £100 until your next payday, or a larger amount paid over a longer term, CUJ Loans’ partner has access to a variety of quick loans to suit almost any circumstance.
Short term student loan questions:
Q1 – Can students with bad credit apply for short term loans?
Q2 – I am a student, how much can I apply to borrow?
Q3 – Do all lenders offer loans for students?
Q4 – I don’t have much of a credit history, will that harm my application?
Most of the
direct lenders on our broker partner’s large panel specialise in providing loans to people who have
bad credit. Although all lenders will credit check your application, lenders will look at other considerations too. Including your income and ability to repay the loan.
When you apply for a loan via CUJ Loans, you are able to select an amount between £100 and £5000. Generally speaking, loans of higher amounts will be more difficult to be accepted for, particularly if you are a student as the repayments are likely to be higher, meaning you will need to display that you can afford the repayments.
Whilst most lenders operating in the UK offer similar ranges of loans, some loans are considered less common, and are therefore only provided by more specialised lenders. Whilst student short-term loans are becoming more readily available, not all lenders will offer them. CUJ Loans’ partner will refer your application to those lenders who are more likely to approve your loan. This is done using “soft search” technology so there is no impact on your credit rating and they can even get you an instant decision and once approved you could get your money on the same day*.
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60 Second
Application
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Instant Decision
Online
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No Fees,
Ever!
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All Credit Scores
Considered
I don’t have much of a credit history, will that harm my application?
If you are a young borrower, it is possible that you have not had time to build up much credit history. This can be quite challenging as obtaining credit when you haven’t had credit before. Lenders will generally look at your past history of paying back credit when assessing your application. Our broker partner’s lender panel will look beyond just your credit history and will assess your ability to repay the loan too.