A short term loan is a loan which is borrowed over a shorter amount of time than a traditional long term loan. You usually borrow smaller amounts of money with short term loans and are typically repaid over a shorter period of time With short term loans online, you can borrow $600, $1000 or even more.
Short term loans are a form of unsecured personal loan, meaning they require no collateral when borrowing one. A payday loan is an example of a type of short term loan which is borrowed quickly and then repaid on your next payday, helping you get through financial emergencies when then happen.
Short term loans can help cover any immediate costs, and are designed to help you financially in the long-run. This may be useful for those with bad credit scores or history, or those not in the position to use a guarantor or collateral like a house or a car.
There are various types of short term loans in the US, including:
6 month loans
12 month loans
Apply online today to get a short-term loan fast with Kallyss!