On Betterborrowing.co.uk we cover everything you need to know about Cash Loans. This type of loan is fairly new in the UK, certainly on the internet, but has been popular in the United States for many years. The loan is usually for a relatively small amount and is often repaid fairly quickly - within a few weeks. The are one or two points of caution to consider with these loans, particularly as they gained a poor reputation when, more commonly in the past, they were provided by "doorstep" lenders. A representative from the loan company would visit your home both to give you the loan and to collect the repayments. There are stories on aggresive sales techniques and very high interest charges. No that this type of loan is available on the internet things are a lot more controlled and there is no need for anyone to visit your home. The repayment amounts on these loans often appear reasonable but the quoted interest rates look fairly high. This is because of the short-term nature of the loans. If you only need to borrow cash for a short period of time they may be ideal - if you think you may need the money for longer them it's perhaps wiser to consider a regular loan.