Fast Loan Advance Short-Term Loans With a Quick Payoff
Borrow what you need, pay it off in a few months, and spend less on interest. Terms start at 91 days.
- Borrow $200 to $3,000
- Checking your rate won't affect your credit score
- Funds as soon as the next business day
Fact-checked by the Fast Loan Advance Editorial Team. Updated October 17, 2026.
What is a short-term loan?
A short-term loan is a personal installment loan with a shorter repayment period, from 91 days to 12 months. Your monthly payment is higher than on a long-term loan, but because you borrow for less time, you pay noticeably less interest.
Short-term loans suit one-off costs you can comfortably pay back within a few paychecks, such as a utility bill, a minor repair or a travel emergency.
Pros and things to know
Why borrowers choose it
- Least total interest of any option
- Debt-free in months, not years
- Fixed payments and payoff date
- Terms from 91 days
Good to know
- Higher monthly payment
- Maximum amount of $3,000
- Not ideal for large expenses
What a short-term loan costs
Representative examples, each including a 5% origination fee added to the loan balance.
| Example | $400 | $800 | $2,000 |
|---|---|---|---|
| APR | 29.99% | 24.99% | 19.99% |
| Term | 3 months | 6 months | 12 months |
| Origination fee | $20.00 | $40.00 | $100.00 |
| Monthly payment | $147.06 | $150.38 | $194.52 |
| Total of payments | $441.17 | $902.28 | $2,334.27 |
Examples are for illustration. Your APR, fees and term depend on your credit, income and state, and appear in your loan agreement before you sign.
Short-Term Loans payment calculator
Adjust the amount, term and APR to estimate your monthly payment.
Estimates exclude origination fees.
- Number of payments
- 6
- Total interest
- $59.31
- Total repaid
- $859.31
How it compares
| Feature | Short-term loan | Long-term loan | Payday loan |
|---|---|---|---|
| Term | 3 to 12 months | Up to 48 months | 2 to 4 weeks |
| Monthly payment | Higher | Lower | Full balance at once |
| Total interest | Lower | Higher | Very high |
| Best for | Quick payoff | Lower payments | Avoid if possible |
Typical industry figures for comparison. Related guide: Cash advance loan vs. payday loan: which costs less?.
How to get a short-term loan
- Check your optionsComplete the 2-minute request. It uses a soft credit check.
- Review your offerSee your APR, payment and total cost before you commit.
- Get your fundsSign online and receive money as soon as the next business day.
Short-Term Loans FAQ
What is a Fast Loan Advance short-term loan?
A personal installment loan from $200 to $3,000 repaid over 3 to 12 months in fixed monthly payments.
Are short-term loans the same as payday loans?
No. Short-term loans are repaid over months with APRs up to 35.99%. Payday loans are due in full on your next payday and often cost around 400% APR.
Why choose a short-term loan over a longer one?
You'll pay less total interest and be debt-free sooner, in exchange for a higher monthly payment.
What's the shortest term available?
The minimum repayment period is 91 days.
Can I get a short-term loan with bad credit?
Yes. All credit types are considered.
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