Take out a Short Term Loan for Any Purpose – Borrow up to £5,000 Today

Has life thrown an unexpected spanner in the works? Do you need cash in an emergency? Uncle Buck is here to help. We’re an established, UK based short term loan specialist offering short term loans of up to £5,000 – for any purpose. We’re fully regulated, authorised and approved by the Financial Conduct Authority and pride ourselves on our exemplary service and fair treatment of customers.

Simple, No Hassle Application and Approval

The Uncle Buck loan application and approval process is what our customers appreciate the most. We make taking out a short term loan extremely straight forward. We’re all too aware that our customers want cash in a hurry and we will always do our best to expedite that.

The process itself is simple. To get started, just head on over to our online application form. It takes around 2 minutes to fill out (assuming you have all your personal details to hand) and upon submission it is sent to multiple direct lenders for consideration. This whole process takes a further 2 – 3 minutes and upon completion a loan offer will be presented to you. Our lender matching software will choose the best option for you, and you will then be able to decide if you’d like to go ahead and digitally sign the loan agreement. You are of course under no obligation to accept the offer. Should you choose to accept the agreement, the loan funds are immediately transferred to the UK bank account specified in the application form.

How much would you like to borrow?

Representative Example: Rates from 12.9% APR to 1625.5% APR. The minimum Loan Term is 1 month. The maximum Loan Term is 36 months. Representative Example: £1,000 borrowed for 18 months. Repayment of 17 Months at £87.22 and final repayment of £87.70 The total amount repayable is £1570.44. Interest amounts to £570.44, an annual interest rate of 59.97%. Representative APR: 79.5% (variable).

Major Benefits of Short Term Lending

Out of all the benefits that come with short term lending, it would have to be flexibility that tops any list. Being able to apply online from the comfort of your office or living room, quickly, and easily for a lump sum cash amount and have that amount transferred to you directly in a matter of hours is the utmost priority for most of our applicants. That and the flexibility the product offers in terms of amounts borrowed and repayment options. Having access to fast cash amounts of £100, £500, or even £5,000 is enough to alleviate many of the issues life throws at us and the repayment terms offered make repayment of such extremely manageable. But most of all, short term lending is there to get you out of a jam. Instant cash when you need it most.

The Benefits

Taking out a short term loan via Uncle Buck has lots of benefits and advantages. Most notably our high approval and acceptance ratio because of our vast network of direct lending partners. Here are some of the more common reasons people choose to take out short term loans along with the benefits of doing so: –

  • Help With Rent / Mortgage Payments – Avoid costly late payment fees or issues with your landlord/lady.
  • Servicing Existing Debt – Avoid overdraft fees, charges or over usage penalties. It can also help to avoid negative marks on your credit report.
  • Make Ends Meet – Even having funds available for day to day items such as food, fuel, clothing etc until your next payday.
  • Emergencies / Unexpected Costs – Life is full of unexpected surprises and sometimes a quick cash influx is the only way to resolve things.
  • Medical Bills / Car Repairs – Being incapacitated for whatever reason can bring about its own set of financial problems.

Short Term Loans for Bad Credit

If you suffer from bad credit, firstly, do not worry. Short term loans even with bad credit are well within your reach and most direct lenders we partner with here at Uncle Buck specialise in helping people with a less than perfect credit score. Even if you have very bad credit, there is still a high chance that we’ll be able to find a lender who is willing to approve your application today. There are many reasons for this, but primarily it’s simply because the loan amounts offered are relatively small and often repaid over a much shorter space of time when compared to a personal loan etc. So lenders consider affordability a more important factor when analysing an application rather than historically reported credit data.

Common Causes of Bad / Low / Poor Credit

A credit score is calculated differently depending which CRA (credit reference agency) you opt to run a report via. But even though the score totals may differ, they all base those scores on the same facts and figures that your bank/third party lenders report. Good or bad.

Here are some common causes of a bad credit rating along with some basic guidance on how you can improve your score.

Electoral Register Presence: Lack of listing on the electoral roll is a common cause of bad credit. Lenders use the register to validate addresses, to prove that you live where you say you do etc. Getting listed will improve your score significantly. It may even be the difference between approval or declination. A common misconception is that you need to own your own property to get listed on the register. This is a myth. You can get listed whilst renting or even living with parents/friends.

Missed or Late Payments: This is an obvious one but a huge red flag nonetheless. And obviously something that needs to be avoided if you want to improve your credit score. Unfortunately, a missed payment is a missed payment. Whether it was £5 or £500, it’s the fact that you’ve not stuck to the agreement that is the issue rather than the amount. So take even smaller repayments seriously.

DMP’s, DRO’s, IVA’s & More: It goes without saying that if you want a good credit rating, you can’t really be under any existing debt solution such as a management plan, relief order or voluntary arrangement. Any hint of these on your report tells a lender all they need to know. Likewise for CCJ’s and bankruptcy orders. Discharging these as soon as humanly possible is a sure fire way to get your credit rating back on track.

Credit Utilisation & Limits: An often overlooked dampener when it comes to credit scoring is credit utilisation. This means how much of your existing credit you’re using and how much exposure you have. If you have overdrafts or credit cards which are consistently maxed out or very close to their limits, this can lower your score significantly. If this situation applies to you and you are unable to clear any of the balance. You might want to consider raising the limits (if possible).

Old Inactive Accounts: An old established bank account is preferred to a new bank account when determining eligibility. But it must be an active account. Old accounts which have not been used in years but are still open may well be having an adverse effect on your credit score. Particularly if they’re a few pounds into a long since forgotten overdraft etc. It’s good practice to routinely review your credit report via reference agencies such as Equifax and close off any accounts you’re not using (and never intend to). You may also notice inconsistencies in your report such as falsely reported missed payments or even more serious cases of loans you know nothing about!

Student? No Credit Rating? Buck Can Help!

If you’re a student, you may find that getting access to short term credit can be a challenge. Sometimes borderline impossible. The reason being your credit rating or more specifically, lack of one. To have good credit, you need to have taken on debt previously and handled it properly. You need to have borrowed money, made your repayments on time, and ultimately satisfied the debt at the end of the designated term. If you have done that in the past, you’ll likely have a good credit score. The problem is most students have not been afforded the opportunity to do that yet. For whatever reason. And unfortunately no credit score usually means no loan. Unless you can find a lender that can see beyond your aggregate credit score and history of course. That is where Uncle Buck can help.

Loans With No Credit Rating

If you’re a student without a credit rating or score you’re going to need to find a short term lender who will look beyond the traditional credit report. A lender who will assess your suitability based on your current income, expenditure, and surplus cash. And that is what we’ll endeavour to do. Uncle Buck is partnered with numerous direct, short term lenders who specialise in short term loans for students by conducting affordability checks in addition to traditional credit checks. This pool of lenders consider different factors when reviewing your application, so even if you are a student with bad or no credit, approval and acceptance is still possible.

Are You Eligible for a Short Term Loan?

Uncle Buck welcomes short term loan applications from all who meet the core eligibility criteria below. You do not need to meet a particular credit score threshold or have a certain amount of income to be eligible. We accept applications from those in regular employment, working from home or even those receiving benefits and pensions. The benefit type however must be classed as income for lending purposes and must be paid into the UK current account you specify during the application process.

Your credit rating does factor in determining your creditworthiness, but it is not the defining or limiting factor directly. Affordability is favoured by our lending partners, so even if you have bad credit, you’re still welcome to apply. And it’s highly likely that you will be approved.

Core Eligibility Criteria

To be considered for a short term loan via Uncle Buck, you must be all 5 of the following core eligibility criteria. Loan applications will not be considered unless all 5 are met.

  • Be 18 years of age (or older).
  • Have a regular income. It can be from employment, self-employment, benefits, or pension.
  • Hold a UK current account which the above is regularly paid into.
  • Be a full UK resident.
  • Have a UK address and phone number.

If you meet all the above, you can proceed to our online application form.

Why Use Uncle Buck?

  • High Acceptance
  • Easy Application
  • Quick Decision
  • £5,000 Loans
  • Responsible Lenders
  • Repay Over 36 Months
  • No Hassle
  • No Guarantor
  • No Hidden Fees
  • No Paperwork
  • No Phone Calls
  • No Delays
  • UK Based
  • Poor Credit OK
  • Reputable Lenders
  • Established Broker
  • Fair Treatment
  • Instant Transfer

Customers Love Uncle Buck, Here’s Why!

It can be said that the short term lending sector in a highly competitive arena. It’s awash with direct lenders, brokers. Even some of the brokers have brokers. It’s a saturated space which makes customer service, support, and satisfaction of paramount importance. Fortunately for us we deliver all of this and then some via our hassle free, no nonsense same day lending service. Customer satisfaction is our forte and should you choose to become a customer of Uncle Buck, you will not be disappointed.

Here are just a handful of the reasons why people come to Uncle Buck in their droves when they require short term cash in an emergency.

  • Simple, no-nonsense online application form.
  • No additional checks, calls, or paperwork of any kind.
  • Instant online approval. Sometimes in under 2 minutes.
  • Cash for any purpose. Entirely unsecured.
  • Flexible lending and repayment terms. Amounts up to £5,000 repaid over 3 years.
  • Direct lending partners who practice responsible lending and fair treatment of customers.
  • Limited company, based in the United Kingdom.
  • No guarantors.

The list goes on. But in a nutshell, we do what we say do. We provide easy access to short term funding in an extremely efficient and timely manner. And we do so in a fair and transparent way. No hidden fees, no jargon, no misleading statements. Just affordable, short term loans at highly competitive rates.

Apply Now

How much would you like to borrow?

Representative Example: Rates from 49.9% APR to max 1333% APR. Minimum loan length is 1 month. Maximum loan length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).

Uncle Buck is a registered trading name of Chojin Ltd. Chojin Ltd is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number 732880. Licensed by the Information Commissioners Office (registration number ZA214952).

Chojin Ltd is registered in England and Wales (Company number 07339611), with a registered office located at 241 Highland Drive, Loughborough, Leicestershire, LE11 2QF.