Are you looking for the best direct payday lenders in the UK? If so, you've come to the right place. In this article, we'll discuss the top 10 direct payday lenders in the UK, their features, and how to choose the right one for you. THL Direct is one of the best direct payday lenders in the UK. They offer fast short-term loans from £125 to £500 with 0.8% daily interest on the amount you borrow.
To be eligible for a loan from THL Direct, you must be a citizen of the UK over 18 years of age and have a regular monthly income. You must also have a valid debit card with a bank account. BeeLoan, UK is another great option for direct payday loans. They can help you borrow from £100 to £5,000 from their network of loan lenders.
This gives BeeLoan an edge over other lenders on this list. However, not all lenders can provide large amounts and the duration of repayment is at least one month and a maximum of 36 months. The Loan Stream is another great option for direct payday loans in the UK. You can borrow from £50 to £1500 through their platform and once your application is approved, the money is sent to your bank in 90 seconds.
The maximum APR rate range for reps is 17.21 percent and you can get a 12-month loan with a representative APR of 325 percent, depending on the amount of your approved loan. Tappily is another great option for direct payday loans in the UK. The basic requirements remain the same - you must be a UK resident 18 years or older, have regular monthly income and have a current bank account. For new customers, it may take up to 24 hours to process your application, excluding credit installment time.
Tappily charges a representative APR of 49.7% with a daily interest rate of 0.34 percent up to 75 days (variable interest rate of 124 percent per annum). The duration of repayment varies from one month to 12 months and Tappily allows you to make repayments at any time or automatically deducts it from your bank account. Fund Ourselves is another great option for direct payday loans in the UK. You must be a UK resident 18 years or older, with an authentic bank account and stable monthly income to be eligible for their services. If you check all these boxes, you will be asked to submit a five-minute request and you can borrow money between £100 and £1500. Fund Ourselves charges a representative APR of 504.7% and an annual interest rate of 211.1 percent (fixed).
If you have bad credit, it can be difficult to get approved for a loan with a traditional lender but short-term loan companies like QuidMarket are willing to lend you loans even if you have a poor credit history and offer loans of up to £1,500 with no additional fees. A payday loan is a type of short-term loan offered by several real UK lenders that can help you get an instant loan if you're going through some hardcore financial uncertainties. The payday loan serves as a quick and sudden help in times of immediate need and you can quickly borrow the required amount by assigning a contract with any of the legitimate lenders. UK lenders are required to be licensed by the Financial Conduct Authority and online lenders must post their registration numbers on their websites. Beware of companies that do not have a privacy policy on their website as it is a sign of a company with less reputation. The payday loan lender you choose must be an active member of organizations such as the Credit Industry Fraud Avoidance System (CIFAS) and the Consumer Finance Association (CFA).LightFinance Co., UK has a well-known outlook and is trusted as one of the fastest short-term loan lenders in the country.
It is one of the recently emerging short-term loan lenders offering payday loans for legal purposes. A Sunny Payday Loan offers direct cash loans in your account without considering any outside lenders while Wizzcash offers short-term loans for unexpected bills if your bills exceed your credit limit and you don't have enough money to meet them. Quick Quid Instant Payday Loans are another great option if you're having a tough financial time as they offer instant approval without verifying credit ratings and offer loans between £50 and £5000 on trusted websites. Sir Lender offers its real payday loan services completely online and processes your application as soon as possible while Real Payday Lenders offer their services only to UK residents 18 years or older who have enough source of income to pay back what they owe each month on time. Making the right decision about which one is best can be difficult for consumers but many companies have reputable status in the market because they are giving loans to their regular customers for a long time. In this article, we discussed some of the best direct payday lenders in the UK including THL Direct, BeeLoan, The Loan Stream, Tappily, Fund Ourselves, QuidMarket, LightFinance Co., A Sunny Payday Loan, Wizzcash, Quick Quid Instant Payday Loans, Sir Lender and Real Payday Lenders. We hope this article has helped you find the best direct payday lender for your needs!.
