Mostly the short term loans are durable from 24 hours to 3 months, up to 3 years (in some particular cases) where repayment is on recent, or nearby future basis. Hence, lenders do not proclaim for guarantor or any collateral for these loans. They like to charge high interest rates on short term loans to secure the landed funds.
There are many types of short term loans like instant cash loans, payday loans, payday bad credit loans, loans for unemployed, which can be availed by customers as per their own financial requirements. They have to fulfill mandatory requirement of applied loan whether it is no guarantor loan or short term loan with bad credit profiles.