How it works


Step 1 – Choose Your Amount of your Short Term Loan

Use our quick cash online loan calculator to choose your loan amount. Choose how long you want to borrow for and your repayment will be shown in the illustration.


Step 2 – Complete Application

The application process is quick and easy! Enter your personal details, income detail and expenses and we'll do our best to match you to a short term loan lender.


Step 3 – Receive Your Loan

Once we match you to a lender, you will be transferred to their website to complete the process and your loan will soon be flying into your account.

Why Choose Us?

Bingo Loans are here to help find the right loan for you, using our loan comparison technology, we'll find the right short term loan for you and get that cash loan into your bank account.

  • All credit histories welcomed
  • High acceptance rates
  • No phone calls
  • 100% online
  • Safe & Secure

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Short Term Loans

A short term loan is a small loan generally less than £1000 which can be taken out for a short term to cover unforeseen circumstances. A short term loan is often paid back on your next pay date. Usually you can borrow from £100 up to £1000. Here is how our quick cash loans work.


What to know about an emergency cash loan before you apply

A short term loan is a line of credit that is available to you when you are short of funds. It is repaid in two or more instalments on a monthly basis, hence the term “short term loan”. They are also often called instalment loans and bad credit loans. Short term loans come with fixed fees, and are regulated by the government via the FCA.  Always make sure a lender is registered with the FCA as this means they follow the Government rules on lending and you won't get ripped off.


What is an Instalment Loan?

Instalment loans are another name for short term loans and are taken out for short durations between 2 and 12 months.  They have relatively high rates of interest as they are so short but are unsecured meaning they aren't tied to your car or home. This makes them excellent choices for people with bad credit. To borrow, click to apply and if successful we will transfer funds to your UK account on the same day in most cases.

Payday vs Instalment Lending?

The difference between a payday and instalment loan is the quantity of payments made when repaying the balance.  A payday loan is usually for emergency cash and is tied to your next payday and no longer than 60 days. An instalment loan is generally from 2 months to 12 months and is not necessarily tied to your payday.  Instalment loans are always repaid in more than one payment.

It's likely you have found Bingo Loans because you need emergency cash quick and want to take out a short term loan. If you're able to borrow money right now, it will likely make your life a lot easier. After a successful application, we can have money transferred to you normally on the same day.  This normally means you need to have a job or other type of steady monthly income and reside in the UK. If you're ready to jump in, click the apply button and we'll process your application and transfer funds to your account quickly after your application is finished

How do you get a cash loan UK?

First, visit Bingo Loans and click on the "apply button". Next, our innovative online applciation engine will guide you through the application process. When you are successful, your funds are often available in your account on the same day. We have the best APR interest of any broker or lender and an excellent quick service.

What should you know when you apply for a short term loan online?

Short term loans are a type of loan that is suited for when you most need money.  Choose how much to borrow and how long for and ideally line this up with your paydays. That way, the money gets repayed as soon as it comes in and you'll be left with the rest to budget for the month.

Short term loans have high interest rates, known as APR.  Sometimes you'll see Representative APR which is often a very high figure over 1000%.  The number is calculated with a very complicated formula but often isn't a good way to judge the value to you of a quick cash loan.  Because short term loans are frequently less than six months long, the calculation doesn't work very well as it is based on a whole year of repaying at the six month rate.

Are Payday Loans or Short Term Loans Online a good thing?

Securing your short term loan online is a great way of borrowing money for an emergency situation, sudden lack of funds or for a one off expense.  There are two ways to apply, in person in a branch or online.  The benefit of applying online is you can get all of the right details together in the comfort of your own home and fill in the application form at your own pace with no pressure.  In a lender's branch, you are not going to get the best deal from the best lender for your circumstances, so are more likely to get declined.

The UK has many new laws protecting customers. Interest rates are capped, and the more damaging practices such as allowing only the interest to be paid (called a roll-over) is limited to only a few times. This protects consumers in the UK and gives the best deal possible for residents of the United Kingdom.

Why Use Our Services in the UK?

Our business model is as an online loan broker. Our entire process, from start to finish, is conducted over the internet. This saves you time and effort as you qualify for instant lending from the comfort of your home. Start by submitting your application, and finish when you receive the cash transferred to your account.

Are Bingo Loans unsecured?

An unsecured loan is different from one you would receive from a bank, which would require collateral which means it is tied to your car or home. Although this can increase the interest rate you are charged as there is more risk without something for the lender to reclaim, they are more flexible and easier to obtain than the Bank's secured loans.

Information about UK Loans

The UK has many laws protecting consumers. Our short term loans company services loans in the UK. New laws have provided many protections to customers, it has never been so simple to get quick cash with easy repayment as it is today.

Are they Instant?

Using our innovative online application process makes the application process as quick as it can be, finding the solution to your emergency cash problems quickly and safely.  The cash loan can often be in your account on the same day so sit back and fill in our application form now.

We can give you access to one of the UK’s largest panel of lenders, to find the best loan deal available for you.

Using innovative technology, Bingo Loans offer you an efficient, easy and fast application process, which will allow our customers to securely apply for a short term loan. We aim to match you with a lender that is interested in your application.

Bingo Loans is a licensed Credit Broker and not a Lender this allows us to find you the best possible deal across a number of lenders.
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