1–12 months

Short Term Loans — Fixed Cost, No Surprises

Borrow from £100 to £5,000 over 1 to 12 months. Fixed interest, fixed monthly payments, and no hidden charges. Cash Train short term loans are designed for people who want to cover a specific cost and clear it quickly without being locked into a long agreement.

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Unregulated lender • Apply online — decision in minutes • Subject to status and affordability

Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Is it right for you?

Is a short term loan right for you?

Short term loans work best when you have a specific, one-off cost and a clear plan to repay within 12 months. Before you borrow, it is worth weighing the benefits and the considerations honestly.

Where short term loans work well

You need funds for a specific, defined cost
You can comfortably meet repayments from your income
You want to be debt-free quickly — 12 months or less
You prefer a fixed cost so you know your total outlay upfront
Emergency bills or unplanned expenses that cannot wait
Bridging a short income gap or timing mismatch

Think carefully if…

Monthly repayments would stretch your budget uncomfortably
You are already carrying existing debt or arrears
You need to borrow to cover everyday living costs long-term
A longer term loan at a lower APR would cost you less overall
You are unsure how you will repay if your income changes
You can access savings, a 0% credit card, or interest-free credit instead

Free impartial advice: if you are unsure whether borrowing is the right option, the free and independent MoneyHelper service can help you review your options before committing to any credit product.

Affordability

Affordability: what lenders look at

Responsible lenders are required to carry out a full affordability assessment before approving any loan. Cash Train will assess your income, outgoings, and existing financial commitments. A shorter term loan means higher monthly repayments — but a lower total interest cost — compared with the same amount spread over 24 or 36 months.

Your income

Employment income, self-employed profits, benefits, rental income, or pension. We look at your net take-home.

Your outgoings

Rent or mortgage, bills, food, transport, subscriptions, and any existing credit commitments.

Disposable income

The gap between income and outgoings. Monthly repayments must fit comfortably within this figure.

Your credit history

We review your credit file to understand your track record — but it is not the only factor in our decision.

Illustrative examples

Indicative repayment examples

The tables below show illustrative monthly repayments and total amounts repayable for our three tiers. These figures are indicative only, based on representative APRs, and are subject to status and affordability. Your actual rate may differ. All calculations assume a fixed interest rate across the term.

Quick Representative APR 149.9% • £100–£500 • 1–3 months


Loan amount	Term	Monthly repayment	Total repayable
£100	1 month	£119.90	£119.90
£200	2 months	£131.55	£263.10
£300	3 months	£122.90	£368.70
£500	3 months	£200.75	£602.25

Flex Representative APR 49.9% • £500–£2,000 • 3–9 months


Loan amount	Term	Monthly repayment	Total repayable
£500	3 months	£175.55	£526.65
£750	6 months	£139.85	£839.10
£1,000	6 months	£185.45	£1,112.70
£1,500	9 months	£193.25	£1,739.25
£2,000	9 months	£257.65	£2,318.85

Plus Representative APR 39.9% • £2,000–£5,000 • 6–12 months


Loan amount	Term	Monthly repayment	Total repayable
£2,000	6 months	£370.40	£2,222.40
£2,500	9 months	£312.50	£2,812.50
£3,000	12 months	£283.25	£3,399.00
£4,000	12 months	£377.65	£4,531.80
£5,000	12 months	£471.95	£5,663.40

All figures are representative only. Actual rates are subject to credit and affordability assessment. The representative APR is available to the majority of successful applicants; your rate may be higher.

How we work

Cash Train short term loan features

We build loans around what borrowers actually need: certainty, fairness, and flexibility. Here is what you get with every Cash Train loan.

Fixed total cost

Your interest is fixed at the point of approval. The total amount you repay is stated upfront — it will not change during the term, even if the Bank of England base rate moves.

No rollovers

We do not offer rollover extensions. If you cannot repay, contact us and we will agree a formal repayment arrangement. Rollovers are harmful — we will not offer them.

Early repayment right

You can repay your loan in full at any time — no penalty fees apply. Cash Train is an unregulated lender and the Consumer Credit Act 1974 does not apply to your agreement, but we provide this right contractually. You pay interest only for the days you actually held the loan.

Unregulated lender

Cash Train is not authorised or regulated by the Financial Conduct Authority for consumer credit. As an unregulated lender, we are not subject to the Consumer Credit Act 1974 or FCA CONC rules.

Pre-contractual information

Before you sign anything, you will receive a Standard European Consumer Credit Information (SECCI) document. Take time to read it — you are under no obligation until you sign.

Vulnerable customer support

If you are experiencing financial difficulty, bereavement, or other personal hardship, contact our support team. We treat all customers fairly and follow responsible lending principles throughout.

Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Ready to apply?

Apply online today — get a fast decision. Fixed monthly payments, no hidden fees.

Apply now →

Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Common questions

Short term loan FAQs

Cash Train short term loans start from 1 month. A 1-month loan means you repay the full amount plus interest in a single payment on your next repayment date. This is suitable for very small amounts — typically up to £500 — where you are confident you can repay in full within one month.

Contact us as early as possible. We are committed to treating customers in financial difficulty fairly. We will agree a reasonable repayment arrangement and will not apply fees or charges that make your situation worse. Missed payments may be reported to credit reference agencies and could affect your credit score.

Yes. You have a contractual right to repay early at any time — there are no early repayment penalties on a Cash Train loan. Cash Train is an unregulated lender and the Consumer Credit Act 1974 does not apply to your agreement, but we provide this right contractually. We calculate interest only up to the settlement date, so future interest for the remaining term is not charged. You simply contact us or use your online account to request early settlement.

Traditional payday loans were single-payment loans due on your next payday — often with very high daily interest rates and rollover traps. Cash Train short term loans are fixed instalment loans repaid in fixed monthly amounts. Cash Train is an unregulated lender, we never offer rollovers, and the total cost is fixed and stated upfront before you sign.

Applying does not trigger a credit check and will not affect your credit file. A full application will involve a credit check, which will appear as a search on your file. If approved and you keep up repayments, a short term loan can build a positive credit history. Missed payments will have a negative impact.

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