Direct Lender Loans
Get a direct lender loan from Payday Loans Online. Borrow between £400 to £1,500, repayable over 3 to 6 months.
Getting a Direct Lender Loan Should Not be so Difficult
Many loan websites in the United Kingdom try to hide the fact that they are loan brokers and not direct lenders. Borrowers apply for loans on these brokers’ websites thinking that they are direct lenders. The result is that many borrowers get rejected. Make sure to only apply with direct lenders to avoid these pitfalls.
Avoid These Pitfalls
Avoid Unlicensed Lenders
Always check the website operating with a “direct lender” license.
Avoid the Hassle
If you start getting tons of SMS and calls something is wrong.
Direct Lender Loan Types
How To Obtain A Direct Lender Loan
Complete The Form
Fill out the form and answer all of the questions. The process takes about three minutes.
Direct Lender Loan Assessment
Your loan application will be automatically assessed by loan technology in seconds.
Get Fast Cash Payout
Your loan will be paid out in one hour if approved.
What You Need To know
Payday Loans Online is a trusted Direct Lender operating in the UK. When you apply for a Direct Lender Loan through our website we fund your loan directly.
Getting credit from a Direct Lender like Payday Loans Online simplifies the borrowing process and is much safer than applying through credit broker websites.
Avoid Credit Brokers
- Credit brokers will allow you to fill out a loan application and then show you a list of of lenders who may or may not approve your loan.
- Credit brokers merely act as middlemen.
- Credit brokers share your personal data and resell your loan application to third party lenders that are may wish to fund your loan.
Direct Lender Benefits
- Direct lenders will never share or resell your personal information or loan application to a third party.
- Direct lenders want to fund your loan, not resell the application as a lead.
- Direct lenders are able to fund your loan much faster than credit brokers.
The majority of websites in the UK financial niche pretend to be direct lenders. However, the vast majority are brokers, affiliates, or appointed representatives. Knowing where your personal information is stored is crucial.
What is the main difference between a direct lender and a broker?
Direct lenders provide you with affordable loans that they fund directly. Direct Lenders must have a higher level of FCA authorisation and are under stricter regulations than non-direct lenders. Brokers make money by selling your data to lenders. They are not qualified to provide consumer credit. Worse still, appointed representatives (APs) are not even qualified to be brokers. They work under the umbrella of broker companies. You should always apply through a direct lender’s website to keep your data safe online.
|Loan Period||6 Mths|
|Interest Rate P.A. (fixed)||185.39%|
|1st Monthly Repayment||£168.45|
|4 Monthly Repayments||£224.60|
|Last Monthly Repayment||£112.20|
Direct Lender Loan FAQ’s
What is a direct lender loan?
Direct lender loans are short term loans from a direct lender with no broker or third parties involved.
Am I eligible for a direct lender loan?
You must be at least 18 years old to qualify for a direct lender loan. You must reside in the United Kingdom and have a British bank account in addition to a steady income.
Is a direct lender loan the best option for me?
Direct lender loans are faster and more streamlined than when using a broker. These loans are also safer as your details are kept in one place and often cheaper because you don’t need to pay extra fees for involving a third party. If these factors are important to you, then a direct lender loan is your best option.