Short Term Loan Calculator

Short term loans help with unexpected expenses or cash flow shortages. They range from 3 to 18 months and are paid daily or weekly with interest.

How Do Short Term Loans Differ From Traditional Loans?

Short term loans are paid back over a much shorter period of time compared to traditional loans. The amount taken out is usually smaller. Also, interest rates are quite high compared to traditional loans.

Short term loans usually are easier and quicker to qualify for. Loan disbursement is also faster than that of a traditional loan.

Despite these differences, like a traditional loan, once approved, the entire loan amount is available.