Do you need cash to cover an unexpected bill or other unforeseen costs? Emergencies crop up from time to time. Whatever your situation, a short-term loan could help.
With a trusted short-term loan direct lender, you can apply online and get a maximum of up to £5,000 the same day. Our lending partners offer a range of repayment terms depending on how much you borrow, and you won't need to worry about any nasty hidden charges either.
Read further to get more details on the short-term loan direct lenders.
What Are Direct Lenders For Short Term Loans?
Direct lenders for a short-term loan is a corporation that can lend to you directly. The Financial Conduct Authority licenses and regulates them (FCA). When you apply, they will display their interest rate, including the PA fixed rate, and you must read their terms and conditions.
These direct lenders practice responsible lending. As a UK direct lender, their process for payday loans must be designed to give you access to our funds and several different lenders at the click of your mouse or tap on your phone. In addition, a direct lender needs to ensure that you are fully aware of any late repayment warnings and penalties and your right to early repayments, and a clear document stating your monthly repayments and interest rate. This assures you that your loan will be from a reputable source and in your best interests, no matter your credit history.
|How much can I apply for?||£100 to £5,000||Zero-obligation quote|
|Length of the repayment||1-36 months||Quick payout|
|Interest rates (variable)||49.7%||Zero paperwork|
|Can I apply with poor credit standing?||Yes||Bad/low credit considered|
|Do I have to pay a lump sum?||No||Flexible repayment|
|When am I allowed to apply?||24/7||2-min simple application|
Differences Between Short Term Loan Direct Lenders And Brokers
Short-term loans from direct lenders and brokers in the UK provide completely different services, so it's vital to know the difference to ensure you're working with the lender that is suited to your financial needs.
Both direct lenders and brokers claim to have high acceptance rates, implying that your loan application is more likely to get approved even if you have a low credit score.
Will Borrowing A Short Term Loan From Direct Lenders Impact My Credit Score?
Your loan will not affect your credit score if you constantly make payments. Failure to meet repayment dates, on the other hand, may negatively impact your credit score, so when considering a loan, think about whether you can afford the repayment plan and meet your payback deadlines when applying through short-term loan direct lenders.
We Connect You With Direct Lenders For Short Term Loans
At UKBadCreditLoans, we connect you with lenders that offer loans as instantly as they can get, and even to those with bad credit ratings. All you have to do is enter the amount you want to borrow and the loan term that is suitable for you. Now, you will be able to compare different loan offers from different lenders. Next, fill out a simple application form that may not take more than 5 minutes. Within 15 minutes, you would get to know if your loan has been approved. If approved, the amount may be transferred to your bank account the same day.
Looking to Borrow Money Easily?
Representative Example: Rates from 43.1% APR to 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £1,200 borrowed for up to 75 days. Total amount repayable is: £1506. Interest charged is 0.34% per day, amounting to £306, annual interest rate of 124% (variable). Representative APR: 49.7% (variable).
UKBadCreditLoans will help you get a short-term loan from direct lenders in minutes. The application procedure takes five minutes to complete, and approval can take up to 15 minutes. After approval, some lenders may deposit the loan money directly into your bank account.