Short Term Loans

Opting for a short term loan with an online lender can be a wise financial decision for several reasons. First and foremost, our streamlined application process and quick approval times ensure that you can access the funds you need in a timely manner, addressing urgent financial situations effectively.

Our lenders also provide flexibility in loan amounts and repayment terms, allowing borrowers to tailor their loans to suit their specific needs. Moreover, the transparency in terms of interest rates and fees ensures that you know exactly what you’re committing to, helping you make informed financial choices.

Additionally, short term loans from CashLoansNow can aid in building or repairing your credit score when managed responsibly, which can open doors to more favorable financial opportunities in the future. Overall, choosing a short-term loan with us can provide the necessary financial relief with convenience and transparency, making it a beneficial option for those navigating short-term monetary challenges.

Short term loans

Why Is It Called Short Term Loans?

A short-term loan is so named because of its brief repayment period, typically spanning from a few weeks to several months. Unlike long-term loans, which are designed for larger investments and have extended repayment schedules, short-term loans are intended to address immediate financial needs that require a quick injection of capital.

These loans are often sought by individuals or businesses facing unexpected expenses, cash flow gaps, or opportunities that demand prompt funding. Due to their limited duration, short-term loans typically come with higher interest rates compared to their long-term counterparts. The name “short-term loan” reflects their primary purpose: to provide a temporary financial solution that can be repaid swiftly, helping borrowers bridge financial gaps without committing to long-term financial obligations.

Types of Short Term Loans

Payday Loans

Payday loans come in handy when there is an urgent need for money, such as an individual doesn’t have enough cash on hand and the next payday is still a day or two away. The loan can be repaid in full on the borrower’s next payday

Lines of Credit

Lines of credit are short-term loans that allow consumers to borrow what they need, with the option to pay back the money with one lump sum or in many monthly installments. Borrowers can even pay off part of their loan and use the remainder later.

Auto Equity loans

These types of unsecured personal loans are against an individual’s or their family’s vehicle. The money borrowed is usually lower than the car’s resale value, so it can be used to meet financial needs.

Advantages of Our Short Term Loans


It is more of a flexible loan. You can repay the loan in installments, and it doesn't matter when you repay the money since there are no early repayment charges.


Our short-term loans can be used to meet different financial needs, such as paying for medical bills, credit card debt consolidation, etc. It also has easy access and less documentation.


Our short-term loans are easier to acquire than other types of loans. Once approved for the loan, the money is available within a maximum of 24 hours. The borrowers can also use it to rebuild their credit scores as well.


Contrary to popular belief, a personal loan doesn't always need a good credit history to be eligible. People with poor or bad credit may find it easier to get a short-term payday loan than borrowing money from a friend or relative.