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

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The application form is completed from start to finish online, it couldn’t be easier than it is today. Start your application now.

Quick

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.

Enjoying the Perks of Quick Payday Loans: Lenders Only no Brokers needed

At first glance, you may just be unaware that the online site that you are looking into is actually a broker and not a lender. Truly, brokers have mastered the art of deception, hiding their true identity while taking advantage of the vulnerability of borrowers who are desperate for a quick loan. And once an applicant is hooked, they will use his information as a priced commodity; selling it to the lender that will give them the best commission. This is how they make easy money and it’s not hard to understand why you want to avoid them.
Brokers and Direct Lender Payday Loans
Broker sites are basically portals that will direct you to a network of direct lenders and once your loan gets approved by a certain lender, the brokers will receive a commission from them. Other brokers may still charge you with upfront fees for their services even after receiving commissions, doubling up their income by charging both you and the lender. This is how brokers make their money by simply linking a potential borrower to a direct lender. But, if you really think about it, you can easily avail for a loan from a direct lender even without the services of a broker by simply going to the lender’s website and making the deal yourself.
All the broker does is forward you to a direct lender’s website and let you choose a loan term that you want. If you can’t find one that suits you, the broker will simply redirect you to another direct lender until you finally settle on a loan term and make a legal agreement. Once the deal is officially made, the broker has done his job, leaving all payments and future correspondence to you and the lender.
How to Get Payday Loans from a Direct Lender?
When a company says “we connect our borrowers to numerous payday loans direct lenders” or “we will provide you with a network of reliable direct lenders” or anything that gives the message “we don’t offer loans but we know some who does and we can point them to you” on their website, it’s a broker and you don’t want to stay long in that site. Also, if you get redirected to another website after you have submitted the application form, then you were dealing with a broker because only lenders have the power to evaluate your application, verify the details that you have submitted, and make the decision to enter into a credit agreement with you.
You will know if a company is a direct lender if you can directly avail the loan in its website. All the information on the loan is displayed in its main page including the amount that you want to borrow, the period of repayment, and the interest rates that they charge for it. Also, in the bottom section of their website, you will see the company’s details: that it is a registered lender, with a registered address, and authorised and regulated by the Financial Conduct Authority under a certain registration number.
Perks of Payday Loans Online
Once you find a legit direct lender, this is when you enjoy the perks of payday loans online. You will find that the entire application process is a breeze with approval decisions taking just a matter of minutes. And once you are approved, you could even see the money deposited in your account within a single business day. If you are 18 years of age, a citizen of the country in which you are applying for the loan, possess a reliable income stream, and have a personal bank account that can receive money transfers, chances are you will instantly be approved for a payday loan online. Bad credit does not also mean automatic rejection as lenders have their own criteria when assessing an application and you will find that there are plenty who are ready to lend you the money that you need despite your poor credit score as long as they can see that you have a good source of income and getting into a repayment agreement with you is realistic.
Now you know how brokers operate and what you can do to avoid them. You also know how to separate the legit lenders from the brokers by simply navigating through their respective websites. Once you have found a direct lender that offers reliable services, this is the time where you will truly enjoy the perks of quick payday loans online.

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