3-Month Loans

A 3-month loan is money you borrow from a lender, which is then repaid in 3 monthly instalments. You'll be charged interest on the money you've borrowed, and this will be included in your monthly repayments.

In our guide, Little Loans explains more about 3-month loans and covers topics such as:

• 3-month loans with no credit check
• 3-month loans for bad credit
• 3-month payday loans online

3-month loan with no credit check

In the UK, it's not possible to get any type of loan without a credit check. This is in line with requirements set by the Financial Conduct Authority (FCA), which states that the lender must carry out a creditworthiness assessment to make sure the loan you're applying for is affordable for you.

While a creditworthiness assessment may feel daunting, especially if you have a history of bad credit, it's important to remember that these checks are in place to protect you.

Having a history of bad credit doesn't necessarily mean your application will be turned down. There are many lenders, including several on the Little Loans panel, who could be willing to consider loan applications from people with bad credit. We'll talk about this in more detail further down the page.

3-month payday loans online

In 2015, stricter regulations to protect borrowers from being overcharged were introduced to the loan industry. As a result, payday loans are not as common as they once were.

As the name suggests, payday loans are repaid in full on your next pay date. Short-term loans, on the other hand, allow you to spread the cost of your borrowing. If you're hoping to borrow money over a period of 3 months, you might consider searching for a short-term loan rather than a payday loan.

Search for a 3-month loan with Little Loans

Little Loans is a credit broker. The lenders on our panel offer 3-month short-term loans between £100 and £1,000.

Need to borrow more? It's handy to know that Little Loans could help you search for a loan up to £10,000.

You should never apply to borrow more money than you need or can afford to repay.

Could I search for a 3-month loan with Little Loans?

You can use Little Loans' credit broking service to search for a 3-month loan if you:

• Are over the age of 18
• Are a UK resident
• Have a UK bank account and a valid debit card; and
• Have a regular source of income paid into your bank account.

3-month loan for bad credit

Are you worried that a history of bad credit could harm your chances of being considered for a 3-month loan?

The good news is that there are several lenders on the Little Loans panel that specialise in loans for people with bad credit.

You're welcome to search for a 3-month bad credit loan with Little Loans, even if your credit score is looking a little worse for wear.

Search for a 3-month loan: how does it work?

We've outlined what you can expect on your Little Loans journey.

1. Tell us how much money you need to borrow and select '3 months' as your preferred repayment term.
2. Fill out our online form - this should take no longer than five minutes.
3. In just 60 seconds, we'll complete a soft search with no impact to your credit score and scan our panel of over 30 direct lenders for a suitable loan.*
4. If we've been able to match you with a 3-month loan, you'll be redirected to the lender's website, where you can decide whether you'd like to make a full application.
5. If you decide to go ahead with the loan, a creditworthiness assessment will be carried out by the lender and will include a hard search or an Open Banking check.
6. The lender will let you know whether you've been approved for the loan, and, if your application has been accepted, you'll be told when your money will be sent.

How quickly could I get a 3-month loan?

While some of the lenders on the Little Loans panel could send your 3-month loan on the same day your application is accepted, it's important to remember that payout timescales vary between lenders, and the time it takes for the money to appear in your account will depend on your bank's policies and procedures.

Repaying a 3-month loan

You'll repay your loan in equal instalments over the course of three months. It's important you make your repayments in full and on time each month, as a missed or late repayment could mean you're charged a fee by your lender. A late repayment could show on your credit report, and your credit score could also be harmed.

Struggling to repay a 3-month loan?

If you have taken out a loan that you cannot afford to repay, please contact your lender as soon as you can. There may be things they can suggest to relieve some of the financial pressure you're facing.

Please know that you can also speak to any of the following charities and organisations, who offer free, impartial and confidential advice: StepChange, MoneyHelper, Citizens Advice and National Debtline.

*Little Loans uses soft search technology to search for a suitable loan for you. A soft search will not harm your credit score. If we're able to match you with a loan and you choose to make a full application with the lender, they will complete a creditworthiness assessment, which will include either a hard search or an Open Banking check. A hard search will be visible on your credit file for up to 12 months, and multiple hard searches in a short period of time could harm your credit score.