So something just came up. Life didn’t go as planned and you find yourself with unexpected cash flow issues.
You don’t want to take on a long-term obligation to try to fix it. But you might want a short-term personal loan to help you cope while coming up with a more permanent fix.
What Is A Short-term Personal Loan?
A short-term personal loan is an unsecured signature loan that will be paid off in the not-too-distant future. They are usually going to be wrapped up in no more than a year, though they can be for much shorter time frames.
If you need a small amount and can pay it off in one lump sum very soon, you might be looking for a same day payday loan. But these are very small loans that have to be paid off in as little as a few days.
If you need a bit more, such as a 1000 dollar loan, then you will want an installment loan. This will spread the payments out over time to make it easier to swallow the cost.
How Do I Get A Short-term Personal Loan?
You can apply online. That’s one of the fastest, most convenient ways to do so these days. A same day installment loan may even be transferred to your personal checking account in as little as an hour.
You will need to provide a copy of your ID. These are the most commonly used forms of identification:
- State issued driver’s license.
- State issued ID card.
- Tribal ID card.
- Military ID card.
- Student ID card.
You will also need to provide proof of income. Often, this means a recent pay stub or recent bank statement.
Stop And Do Your Due Diligence.
If you are in a panic, maybe take a short break and list your other options. Don’t apply for a short-term personal loan if it isn’t a good idea and don’t apply for more than you really need.
Look at other options, such as local food pantries or having a yard sale. If you have no idea how long it will take to fix your problem, be a bit conservative about borrowing money to get you through. You don’t want to just dig your hole deeper.
Where Can I Find A Short-term Personal Loan Online?
You can find what you need right here. TheGuaranteedLoans is a loan matching service and it is our job to help you find what you need.
In other words, we gather together information on a variety of lenders and their loan products to save you the time and effort. You fill out a single online application with us and we check your info against our database of products. When we find a match, we let the lender know and they contact you.