In order to overcome the demerit and to improve the operation characteristics of Moving Coil type Linear Oscillatory Actuator(MC-LOA) with single-pole permanent magnet, this paper presents two models having the balanced magnetic circuit by multi-pole permanent magnet. They are short coil type with two-pole single-sided and two-ple double-sided permanent magnet. The characteristics between single-pole and multi-pole permanent magnet type MC-LOA are compared. As a result, multi-pole type MC-LOA has more merits than single-pole type about operation characteristics improvement and machine volume. The characteristics analysis is performed by their dynamic analysis composed of kinetic and electric equations and Finite Element Method(FEM). The propriety of multi-pole type MC-LOA model is verified with analysis results.