Short Term Loan vs Pay Day Loans

Loanchoice Limited Short Term Loans VS Payday Loans


Repayments on a Loanchoice Limited Short term loan can be spread up to 12 months.

meaning the full repayment isn’t taken in one instalment at end of month ie Pay Day


Other features of a Loanchoice Limited short term loans are:

  • You don’t have to pay the loan back in one lump sum.

  • You’ll never be charged any extra fees we apply a fixed interest at outset

  • Missed payments do not incur extra interest *

  • You can choose to pay either weekly or monthly.

  • You can repay your loan in instalments over a period of up to a year early repayment you will receive a rebate

  • You can borrow £100 to £1,000 subject to affordability even if you’re a new customer.

  • The cash will usually be in your bank account the same day your application is accepted

  • We have agents available if you run into difficulties.


As a responsible lender, all our loans are subject to credit and affordability checks.


*Default Interest charges are only applicable If we have to take legal action due to malicious non payment.


If you have read this and feel that a Loanchoice Limited short-term loan, is a more suitable alternative to a payday loan pls apply at and one of our agents will contact you

Neil Rennard  Cert Pfs CeMap Director 07966046055
John Miller Account Manager
07801 249094