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 Direct Loan Lenders

 Recession has again hit the world and in this economic slowdown with such high inflation rates, it’s difficult to pay all the bills on time and in such crisis situations you can take help from direct loan lenders. These are payday loan lenders that provide transfer of funds in just a couple of hours. You just have to fill an online application form and you can immediately get short term monetary help at 25% interest. The maximum amounts that you can get as a loan is £1000.

These online payday loans are short-term loans to solve your emergency problems. You have to repay this loan within a month or at the time when you get your next pay cheque.  These are fuss free loans but when applying for these loans you need to provide proof of your identity, occupation in UK and your bank details. The entire process is online and the transaction is all safe and confidential. Direct loan lenders do not access your credit history as there is not much scrutiny in these small loans.

 Eligibility for applying to direct loan lenders

First and foremost you need to be above the legal age i.e.; 18 when applying for a loan with direct loan lenders. You need to have a permanent job in UK when applying for a short term loan. While filling in the application form you also need to provide employment proof in order to get your application processed quickly.  These short term loans do not tarnish your credit history, as fast payday loans are there to assist you and to make your life tension free.

 Direct Loan lenders charge high interest for only 1 month

Direct Loan lenders do not consider your credit history and process your loan application in a day and it’s because of these reasons that they charge such high interest rates on the loan amount. The interest figure is around 25% per hundred pounds. Sometimes it is seen that these small term loans become hazardous as it gets even more difficult to repay such high interest rates and one can get stuck in another debt cycle.  Hence for people, who are not very well off, one should be evaluate carefully their ability to repay the loan.

Direct Loan lenders are the money lending firms that provide short term loans at high interest rates. These are short-term solutions and should not be mistaken for a long-term financial support.

Representative example on a loan of £200 repaid after 30 days:

  • Total charge for credit: £248
  • Payable in one payment of: £248
  • Interest: £48
  • Interest rate: 292% p.a.
  • Representative 1223.6% APR (variable)

Customer Satisfaction

Our Customer Service centre will respond to your emails promptly
Monday-Friday from 9.30am-5.30pm
*subject to lenders requirements and approval

Our company is a licensed credit broker and not a lender

Marc Obadia T/a - Payday Lenders Direct Registered Office : 8 Parson Street, London NW4 1QB
Financial Conduct Authority Interim Permission Number: 654479 Data Protection Registration: ZA060351 Payday Lenders Direct is Authorised and Regulated by the Financial Conduct Authority”
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