Direct Lenders – A Quick and Easy Guide

Thinking of applying for a loan? Need some extra funds for an unexpected bill or repair? Dreaming of booking a holiday? Have some home improvements in desperate need of refreshing? 

A quick loan could be the right loan for you. 

This guide will give you quick and easy steps to finding the right direct lender for your quick loan and give you all the information you need if you are thinking of applying. 

The Basics

Direct lenders are the number one online search for quick and easy loans in 2023, you can borrow between £100 – £5,000 with a decision, and money in your bank account within the same day.  The beauty of lending from a direct lender for your quick loan is that they will take into consideration any credit history because they look at affordability instead of previous lending issues. 

So what is required for applying? 

  • Must be a UK Resident 
  • Must be over 18 years of age 
  • Must have access to a bank account and debit card 
  • Have a regular income and meet affordability for the loan 

Do not apply for a quick loan if you feel you can’t keep up with repayments, direct lenders are much more lenient and understanding. If you are having financial difficulties, keeping in touch and working with your lender, is always viewed positively. However,  if you feel from the outset that you aren’t able to keep up with repayments do not apply for a quick loan as it will hurt future credit applications and further bring down your credit rating. 


Do I have to have a credit check when I apply for a quick loan?

Yes, a credit check will be performed during the application process. 

What is the typical APR rate on a quick loan?

On average a quick loan will have an APR of around 49.7%, depending on the direct lender that approves your application this could be more or less.  It is important you understand how much you will be paying back during your loan term which will be outlined by the lender you have been matched with during your application. 

Why are Quick loans so popular? 

The complete application process can be completed online and from the comfort of your own home, there is no need to provide identification, all information is provided online and a search will be done of all direct lenders within minutes.  Application, loan match, and loan payment to your bank account can be completed within the same day. 

Are fees charged on my Quick Loan?

Typically fees are not charged on a quick loan but it depends on the direct lender you are matched with when searching for a loan company that will approve your application.  Visit for more information. 

So don’t delay and apply for that loan, no matter what your credit history is, applying is easy and money could be in your bank account within the same day.  Plan that summer holiday, finish those home improvements or repair your car.  It’s easy and quick with a direct lender quick loan.


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