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Providing fast and affordable short term loans and instant payday loans to the UK…

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The decision of the loan application is made quickly and you could have money in your account in just 15 mins.

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Once completed the funds are paid directly and securely into your designated account, you don’t have to go to the bank.

Your Guide to Direct Deposit Quick Loans Online

Looking for quick direct deposit loans online? The internet will provide you with plenty to choose from and many of them will be more than willing to provide you with the money that you need as long as you are qualified. Indeed, direct deposit loans are ideal solutions to life’s unexpected expenses especially if a credit card advance is simply not an option.
Understanding Direct Deposit Loans
These loans are usually offered for as low as £50 to as much as £1,000. Lenders will normally just require a few basic information and proof of income from borrowers since the loans are made against their next paycheck. The interest rates are quite higher compared to other loans but the process involved is relatively faster and easier.
Direct Deposit Payday Loans
Direct Deposit Payday Loans are great options if you need cash in a hurry. With the help of today’s cutting edge technology to process financial transactions, online lenders will be able to deposit the credit amount that you applied for directly into your bank account without the need of a check. It usually takes just a day after a successful application for you to gain access to the money in your bank account.
Not only is the transfer of funds to the borrower’s bank account automated but also the collection of repayments as well. When applying for a payday loan, you will need to provide your personal bank routing and account number so lenders can directly channel the cash into your account. They will use the same information when it comes to collecting repayments by simply requesting the funds from the nominated bank account on the agreed date of payment. This advanced system provides both borrowers and lenders great convenience.
Prepaid Debit Card Payday Loans
Payday loans also come with other unique features to provide more convenient options to borrowers such as debit cards. Many online lenders offer clients with the option to have their money deposited to a prepaid debit card giving them the ability to access their loan account anytime they want to with the use of an ATM or make purchases through EFTPOS terminals. The card can also be used for money transfers for future loans.
Direct Deposit Loan Requirements
Direct Deposit loans were designed to reach as many clients possible and provide money to people in need in the fastest and most convenient of ways. This basically means that these loans can be availed with minimum requirements. You can borrow money fast through direct deposits by following these criteria:
• Should be 18 Years or Older in the start of application
• Must be a citizen or permanent resident of UK
• Have an active email address and phone number
• Provide information to your Personal Bank Account
• Offer proof of income such as payslip or social security check stub

Direct Deposit Loans APR
The APR or annual percentage rate is basically the sum of all the fees and charges, such as interest rates and application fees, attached to your loan. Your lender will generally provide you with all the details regarding your direct deposit loan’s APR which is typically higher than other most other loans. Depending on the lender, the APR can range from 230 percent to 2,330 percent taking into account extra variables such as the loan term, possible fees that might be incurred (nonpayment, late penalties, etc.), and loan renewal options.
No additional fees for direct deposit
Since these loans are directly deposited into your bank account, no additional fees are required, unlike some banks who charge clients with fees for deposited paper checks into their accounts. The electronic automation on both transfer of funds and repayments eliminates those extra fees and expenses, like the cost you incur in traveling from your home to your bank’s nearest branch, that you will normally incur with traditional, offline transactions. This allows you to save some money and a lot of time.
Lastly, never forget to ask important details and information on loan terms and conditions before you sign an agreement with your lender. Carefully go through the terms and conditions of the loans so you will know exactly what you’re borrowing. Make sure that you are comfortable with each and every time and understand all the possible penalties once you miss out, become late, or default on your payments. Only by going through all the essential details and weighing them carefully in accordance to your current financial situation will you be able to make a loan work for you.

The Lenders List

Loan amount
£100 - £5,000
Loan term
3 - 12 Months
CUSTOMERSCORES
Good
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Loan amount
£100 - £3,600
Loan term
3 - 12 Months
CUSTOMERSCORES
Excellent
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Get Matched with a Qualified Lender Today!

You will need to be over 18 and a UK resident with a valid UK address.

You must also have a monthly income (from benefits or a job) and a UK bank account.

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5 most recent personal loan reviews

Review of Wage Day Advance

After being turned down everywhere for a loan even know I had more than enough coming in my bank to repay I was being turned down. Then my last hope was Wage Day Advance. They don't judge by previous mistakes in life they were simply looking for a promise of payment which I said I can do. I used a close and helpful friend to cover my back and we had the money In my bank account within 2 hours! Guys if your like me and seriously need that debt consolidation then these guys will help you out! Highly recommend! Best company by far.

Review posted by Benn Stokes, Peterborough

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Compare The Market

Fantastic service from compare the market! Application was quick and easy. The website is very straight forward and the staff are very friendly, polite and helpful.

Review posted by Jade Woodward, York

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of UK Fast Loan

The process was very quick and customer service I received was 10/10, rate and interest are not ridiculously high and I was able to pay off all the debts and clear them, I would definitely recommend them to anyone!

Review posted by Hannah Wright, Swindon

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All reviews have been sourced from Trust Pilot to ensure an entirely nonbiased basis of accounts.

Representative Example:
305.9% APR. £400 borrowed for 90 days.
Total amount repayable is £561.92 in 3 monthly instalments of £187.31.
Interest charged is £161.92, interest rate 161.9% (variable)

Please note:
Loanora is NOT a lender – we are a licensed broker working with the most popular direct lenders in the market to find you the most suitable short-term loan plan. Our FREE quoting service compares more than 40 lenders quickly and finds you a lender with the lowest rate that they are willing to lend to you today.

Rates from 45.3% APR to 1575% APR – we provide a no obligation quote, your APR will be based on your personal circumstances