The Benefits of Short Term Loans

When applying for a loan there are many aspects to consider including the amount of money required, length of term and interest rate. If your financial situation has changed unexpectedly, you’ve made some last minute plans or have to deal with unforeseen household or business expenses, a short term loan can make the most sense financially.

Below we list just a few of the many advantages of choosing a short term loan.

Less Interest

This type of loan is paid back over a very short period. This means less time for interest to accrue. You may find that the interest rate appears high but by paying back your loan quickly you can in fact save money in the long run, rather than letting your interest payments build over months or years.

Predictability

A loan with short fixed terms allows you to budget in the short term by knowing exactly how much you will be paying back. Knowing how much interest you will be paying in total and precisely when the loan will be paid off allows you to accurately predict your financial situation.

Less Stress

Knowing you owe money can be stressful, especially when you don’t know when it will be paid off. With a short term loan there’s no need for anxiety about when you will be debt free, and no need to watch the interest accruing over time.

Get Money Fast

Short term loans are quick to process, with an easy application system. A traditional loan usually means waiting for a lengthy approval process to take place, and sometimes you don’t have time to waste. With a short term loan you can get approved the same day and receive cash in a matter of minutes once the process is complete.

No Collateral

Short term loans are unsecured which means they can be granted with no collateral. As a customer this means there is no risk to your assets, and if your circumstances change for any reason, there is no need to worry about repossession.

If you think a short term loan could be the quick solution you need then call Chequers Finance now on 09 299 7883 or visit our website for more ways to get in contact.

When applying for a loan there are many aspects to consider including the amount of money required, length of term and interest rate. If your financial situation has changed unexpectedly, you’ve made some last minute plans or have to deal with unforeseen household or business expenses, a short term loan can make the most sense financially

Visit us at any of our branches:

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Chequers Finance Hamilton

Caro House
137 Alexandra Street
Hamilton
Phone: 07 838 2939

Chequers Finance Henderson

334 Great North Road
Henderson
Auckland
Phone: 09 836 6201

Chequers Finance Papakura

155 Great South Road
Papakura
Auckland
Phone: 09 299 7883

Chequers Finance Otahuhu

13 Criterion Street
Otahuhu
Auckland
Ph: (09) 276 4384