Personal payday loans from direct lenders same day

Which direct lender loans can be arranged in the UK?

If you are looking for loans from direct lenders, we suggest that you familiarize yourself with the offers collected on this page. Bankchart website analysts have collected the following types of loans guaranteed approval offered by direct borrowers:

• debt consolidation loans for bad credit
• direct cash loans
• payday loans same day
• monthly installment loans no credit check
• short term loans
• personal loans no credit check

We recommend that you analyze short-term and other loans as carefully as possible because they can be useful, but they should be used responsibly to avoid cycles of debt.

As an alternative, you can also take out a personal loan. Your possible expenses:

Personal loan calculations for 1 year (example)

What are short-term loans from finance companies?

Short-term loans from financial companies are loans for a short period that are intended for quick, temporary financing. According to research on the consumer lending market, such loans are characterized by shorter repayment periods and higher interest rates.

Most often, short-term loans from direct lenders are used for the following purposes:

1. Covering unexpected expenses, emergencies, or unforeseen needs.
2. Covering the cash flow deficit
3. Financing of minor purchases

We can distinguish the following main characteristics of short-term loans from direct borrowers:

• Fast approval – from the application process to the receipt of funds, it can take a few minutes or hours
• Flexible amounts: If compared with long-term loans, short-term loans involve the financing of much smaller amounts
• Higher interest rates, which can be explained by two factors - short-termism and risk

For how long can I get a term debt consolidation loan?

In the UK, the term length for a debt consolidation loan can vary depending on the lender, the amount borrowed, and your financial situation. Typically, the loan term can range from 1 to 10 years, but some lenders might offer longer terms under certain conditions.

Here’s a breakdown of what to expect:

1. Short-Term Loans (1 to 3 Years). Smaller debt amounts, usually under £5,000, or for borrowers who want to pay off the debt quickly to minimize interest costs.
2. Medium-Term Loans (4 to 7 Years). Moderate debt amounts, typically between £5,000 and £15,000, or for borrowers who need a balance between manageable monthly payments and a reasonable overall cost of the loan.
3. Long-Term Loans (8 to 10 Years). Larger debt amounts, usually over £15,000, or for borrowers who need lower monthly payments to fit their budget.
4. Extended Terms (Over 10 Years). Very large debt amounts, typically secured loans like home equity loans, or when a very low monthly payment is necessary.

Are there joint debt consolidation loans?

Yes, joint debt consolidation loans are available in the UK. These loans allow two people, typically partners or spouses, to combine their debts into a single loan with one monthly payment. Joint loans can sometimes offer higher borrowing limits and better terms compared to individual loans, as the combined income and creditworthiness of both applicants are considered.

Lenders will consider the total income of both applicants, which may allow you to qualify for a larger loan amount or more favorable terms.

The credit scores of both applicants are assessed. A higher combined credit score can lead to better interest rates, but if one person has a poor credit score, it could impact the loan terms.

Just like with individual debt consolidation loans, a joint loan will consolidate multiple debts into one loan, making it easier to manage with a single monthly payment.

Both applicants are equally responsible for repaying the loan. If one person fails to make payments, the other is still liable, which can affect both parties' credit scores. Joint debt consolidation loans can be either secured (backed by collateral like a house) or unsecured (not backed by collateral).

Are there debt consolidation loans credit cards?

Yes, there are credit cards in the UK specifically designed for debt consolidation. These are often referred to as balance transfer credit cards. A balance transfer credit card allows you to transfer existing credit card balances from one or more cards onto a new card, typically with a low or 0% interest rate for a promotional period.

The main feature of these cards is a 0% or low-interest rate on balance transfers for a set promotional period, usually ranging from 6 to 30 months.

Most balance transfer cards charge a fee for transferring your balance, typically between 1% and 3% of the amount transferred. Some cards offer no-fee balance transfers as a promotional offer.

By consolidating multiple credit card balances onto one card, you simplify your payments with a single monthly bill. By reducing or eliminating interest for a promotional period, you can pay off your debt faster and potentially save a significant amount in interest charges.

Generally, you need a good to excellent credit score to qualify for the best balance transfer deals.

Direct lenders for loans in minutes in the UK

Direct lenders that offer loans in minutes in the UK typically provide quick access to funds, often within hours or the same day. Here are some popular options:

• Wonga - Offers short-term loans with quick approval and funding.
• Sunny - Known for its fast decision-making process and quick disbursement.
• Satsuma Loans - Provides quick loans with a focus on transparency and no hidden fees.
• QuidMarket - Specializes in quick loans with direct lending and a straightforward application process.
• Peachy Loans - Offers fast cash loans with an easy online application process.

These lenders usually operate online, allowing you to apply and receive funds quickly. However, it's important to read the terms and conditions carefully, as these loans often come with high-interest rates.

What are soft search payday loans from direct lenders?

Soft search payday loans from direct lenders in the UK allow you to check your eligibility for a loan without impacting your credit score. When you apply for a soft search payday loan, the lender conducts a "soft" credit check, which doesn't leave a mark on your credit file visible to other lenders.

Key points about soft search payday loans:

• No Credit Score Impact. The soft search only provides a snapshot of your creditworthiness, so it doesn’t affect your credit score or leave a record on your credit report.
• Eligibility Check. It helps you understand whether you’re likely to be approved for a loan before you formally apply, reducing the risk of a declined application affecting your credit score.
• Quick Process. Although it's a soft search, the application process is usually quick, and if you proceed with a full application, funds can often be transferred within minutes or hours.
• Direct Lenders. Many payday lenders in the UK offer this service, including Cashfloat, Lending Stream, and MyJar.

These loans are typically short-term with high-interest rates, so they should be used cautiously and primarily for emergency expenses.

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Details of companies offering the financial services:

118118MONEY

Head office’s address: London

Contact center: 02920-548-118

Web-site: https://www.118118money.com/

AIB Group (UK)

Head office’s address: 1 Undershaft, London EC3A 8AB

Phone: +44 (020) 764-733-00

Web-site: https://aibgb.co.uk

Swift code: AIBKGB2LXXX

Reference number: 122088

ABN: NI018800

BSB: AIB

Cash Compare

Head office’s address: London

Web-site: https://www.cashcompare.co.uk/

Cashfloat

Head office’s address: Office 8. 2A Highfield Avenue London, NW11 9ET

Contact center: 020-3757-1933

Web-site: https://www.cashfloat.co.uk/

Creditstar UK

Head office’s address: 17 Hanover Square, London, W1S 1BN, United Kingdom

Contact center: 020-3695-7544

Web-site: https://old.creditstar.co.uk

Everyday loans

Head office’s address: 1st Floor North, 2 Dukes Meadow, Bourne End, Buckinghamshire, SL8 5XF

Web-site: https://www.everyday-loans.co.uk/

Evolution Money

Head office’s address: 9 Portland Street, Manchester

Contact center: 0161-814-9158

Web-site: https://enquiry.clarity-uk.com/

fancyapayday

Head office’s address: 470 Holdenhurst Road, Bournemouth, Dorset

Contact center: +44-330-223-0177

Web-site: https://fancyapayday.co.uk/

Fast Loan UK

Head office’s address: Shire Park, 2 Falcon Gate, Welwyn Garden City AL7 1TW

Web-site: https://www.fastloanuk.co.uk/

Got Capital

Head office’s address: 131 Finsbury Pavement, London

Contact center: +44(0)203 7500096

Web-site: https://gotcapital.co.uk/

Halifax

Head office’s address: The Mound, Edinburgh EH1 1YZ

Contact center: 0345-720-3040

Phone: +44 (011) 3242 19 84

Web-site: http://www.halifax.co.uk/

Stock code: HALP

Lending Stream

Head office’s address: Lending Stream, PO Box 10756, LEICESTER, LE3 4GX

Web-site: https://www.lendingstream.co.uk

Nationwide

Head office’s address: Nationwide House Pipers Way

Contact center: 0800-30-20-15

Phone: +44 (034) 5730 20 15

Web-site: http://www.nationwide.co.uk

Swift code: NBSMGB22

Reference number: 106078

Stock code: NBS

ABN: 355B

BSB: NBSM

Norton Finance

Head office’s address: Norton House, Mansfield Rd, Rotherham S60 2DR

Contact center: +44 800-694-5566

Web-site: https://www.nortonfinance.co.uk/

Ocean Finance

Head office’s address: Marlowe House, Watling St, Hockliffe, Leighton Buzzard LU7 9LS

Phone: +44 333-123-0022

Web-site: https://www.oceanfinance.co.uk/

Payday UK

Head office’s address: Payday Loans Limited, The Charter Building, Charter Place

Contact center: 0800-302-9409

Web-site: https://www.paydayuk.co.uk/

Salad Money

Head office’s address: 49 Greek St, London W1D 4EG

Contact center: +44-20-3092-0896

Web-site: https://www.saladmoney.co.uk

Santander

Head office’s address: 2 Triton Square, Regent's Place, London, NW1 3AN

Contact center: 0800-389-7000

Web-site: http://www.santander.co.uk/

Swift code: ABBYGB3E

Reference number: 106054

ABN: 02294747

BSB: ABBY

Shawbrook Bank

Head office’s address: Lutea House, Warley Hill Business Park, The Drive, Great Warley, Brentwood, Essex, CM13 3BE

Contact center: 0345-266-6611

Web-site: https://www.shawbrook.co.uk/

Swift code: WWLLGB2B

Reference number: 204574

ABN: 00388466

BSB: WWLL

Solution Loans

Head office’s address: Hamilton House, 87-89 Bell St, Reigate RH2 7AN

Phone: +44 1737-886-202

Web-site: https://www.solution-loans.co.uk/

Sunny

Head office’s address: London

Web-site: https://sunny.co.uk/

Tesco Bank

Head office’s address: 2 S Gyle Cres, Edinburgh EH12 9FQ

Contact center: 0800-591-688

Phone: +44 131 203 5000

Web-site: http://www.tescobank.com

Swift code: TPFGGB2L

Reference number: 186022

Stock code: TSCO

ABN: SC173199

BSB: TPFG

THL Direct

Head office’s address: 470 Holdenhurst Road, Bournemouth, BH8 9AQ

Contact center: 0330-223-0177

Web-site: https://www.thldirect.co.uk/

TSB

Head office’s address: Henry Duncan House, 120 George Street, Edinburgh EH2 4LH

Phone: +44 (034) 5975 87 58

Web-site: http://www.tsb.co.uk

Swift code: TSBSGB2A

Reference number: 119278

Stock code: 94AQ

ABN: SC095237

BSB: TSBS

Zopa

Head office’s address: London

Web-site: https://www.zopa.com/