Short term personal loans are loans for those who like solving problems immediately without waiting for the salary. There is a myth that getting a short term loan online you are going to overpay much as the interest rates are competitive. APR is higher here compared to the 400 loan i need money now but it is not that high if you make the loan repayment on the agreed date. If you obtain money online you will be able to deal with any kind of emergency the same day as you will get the loan within one business day. This is the shortest period of getting money, which is offered only by the non-traditional payday loan lenders