While short term loans are usually associated with the internet and online activities, there are some ways people can obtain a fast and affordable loan from the High Street. Most of the loan options available from physical lenders are of the traditional type but there is a growing number of options that will help people find finance in a way that suits them.

This is in the news at the moment because of Street UK who have expanded their business operations recently. The company claims to be the first ethical provider of short term loans online in the UK and they are now moving into different towns. The company has been based in the West Midlands, with five branches, in that area but they are moving into Manchester and London. This means short term loans on High Street locations are available.

One thing that stands the company apart from many of its peers is the fact that it is a non-profit making organisation and the company states that they are the cheapest option when it comes to short term loans in the UK. The company has positioned itself as being able to support people who have been unable to obtain loans from traditional banks or building societies.

Looking for short term loans on High Street?

As an example of their costs, someone looking to borrow a sum of £200 for a three month period would find that they have to pay £39.65. This contrasts sharply with the cost of doing so with Wonga, where the cost would amount to £100. You can see why people have to look away from payday loan options and it is good that there are affordable and viable options online and on the High Street when it comes to affordable loans.

There have been changes to the regulations regarding payday and short term loan companies in recent years, and this should make it easier for people to find finance that suits their needs. However, there is a great need for people to be aware of what is available for them. One thing the payday loan companies have in their favour is that people know of them, they know their name and they know where to find them. When you need money in a hurry, it is only natural that some people automatically gravitate towards these options.

This doesn’t have to be the case though because there are more suitable short term loan options that people shouldn’t overlook. When it comes to taking control of finance, there are still plenty of great options available to choose from.