Direct Lenders No Brokers

Get between £100 - £5,000 paid out by

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  • 100% Online Process

  • Borrow up to £5,000

  • UK Based Lenders

  • Bad Credit Accepted

  • 2 Minute Application

  • Same Day Transfer

  • Rates from 49.9% APR to max 1333% APR. Minimum Loan Length is 1 month. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 30 days. Total amount repayable is £310.00. Interest charged is £60.00, annual interest rate of 292% (fixed). Representative 669.35% APR (variable).
    *Subject to application being approved by the lender. Not all lenders are able to provide up to £5000.

    Getting a Good Payday Loan Deal without Using a Broker

    The fact is that you don’t need to go through a broker to get a good deal on a payday loan. A lot of people choose to pay for a brokerage service, but it’s usually just a waste of money. While you might have to spend some time doing research, it is well worth it. By taking the time to read through this article, you can save yourself time and money. When you learn how to evaluate payday lenders and loans, you can choose the right one so you won’t have any regrets. These direct payday loans no brokers tips can help you on a multitude of levels.

    Drawbacks of Using a Loan Broker

    First you will want to learn some of the reasons why using a broker to get a payday loan is a bad idea.

    • Additional expense:

      There is a good chance that you will pay to spend money on these brokerage services. If you are already in dire need of funds, you probably don’t want to spend any more.

    • No guaranteed results:

      Despite what a lot of these brokers say, they cannot actually guarantee that you’ll get the best deal on the loan you need. In fact, a lot of people who use this type of service end up paying more than they have to.

    • Limited options:

      Any given broker only works with so many lenders, so you instantly be missing out on a lot of great borrowing opportunities. If you do the research yourself, you will have many more options.

    Don’t Choose a Lender Based on Rates Alone

    Everyone wants to get the best possible interest rate on their payday loan, but it shouldn’t be at the expense of other important things. If a loan offer seems too good to be true, there is probably something wrong. You need to be realistic when it comes to what to expect with regards to interest. Those who select a certain lender to borrow from based on just the rate they charge usually end up in trouble as a result.

    Find Out the Total Cost of the Loan

    It is important to find out the total cost of your loan before accepting any offers. Take a look at this number so you can decide how comfortable you are with it. The last thing you want to do is to borrow money you won’t be able to pay back. You need to factor in the interest rate and any other fees the lender charges. This will help you avoid defaulting on your loan, which can put a huge dent in your credit.

    Use Payday Lender Directories

    There are certain websites with huge directories of reputable payday loan companies that you can use when doing your research. These sites can be immensely helpful when it comes to finding a lender that you can trust to give you the best deal on this type of loan. One of the best things about these sites is that many of them have reviews and other information for each lender. This will provide you with an extremely efficient way to narrow down all of the different choices you have. Take the time to visit a few of these directory sites so you can get the details you need to make your decision.

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    Consider How Much You Need

    You also have to factor in how much you need when looking for a payday lender. Some lenders give out loans of up to £15,000, while others only give out smaller amounts. You should be able to get this information very quickly by simply visiting the lender’s website. They will tell you right upfront how much you can potentially borrow. This will help you to save yourself some time and frustration.

    Benefits of Going Through a Direct Lender

    There are quite a few benefits of getting a payday loan from a direct lender as opposed to a broker, including:

    • You know who you’re dealing with: When you communicate directly with the lender, you will know what they are like. If you go through a broker, you won’t be absolutely sure how trustworthy or legitimate they seem. You will be able to actually have a conversation with them to get the information necessary to make a good decision.
    • Increased flexibility: There is far more flexibility with direct payday loans no brokers overall. This will make it a lot easier for you to get the money you need without any frustrating limitations or complications.
    • It is much faster: The entire process of obtaining a payday loan is a lot faster when you go through a direct lender. The fact is that using a broker can mean having to wait twice as long to get the money you need. If you are in a hurry to pay for an important expense, a direct lender offers you the best solution.
    • Save money: While some lenders charge an application fee, many of them do not. With a broker, you will almost certainly have to pay something. If you want to save all the money you can on your loan, you’ll need to keep this in mind.
    • Legitimacy: Most payday lenders are fully licensed, whereas a lot of brokerage services are not. This means that you can trust that you are getting quality services from a reputable company.

    How Does Happy Penguin Compare?

    Why Use HP?
    What's the max loan amount?
    Up to £5,000
    No hidden fees.
    Is approval instant?
    Yes, immediate.
    On Screen Decision
    Poor Credit Possible?
    Yes. Bad credit too.
    All considered.
    Same day transfer?
    Within the hour!
    Direct to bank!
    Flexible Repayment Dates?
    Flexible terms.
    Quick and easy.

    Use Online Calculators

    There are numerous websites that offer free tools for calculating the total cost of your loan, and it is important to take advantage of them. These tools are often found on the lender’s website, and they can be helpful when trying to determine how much you’ll owe by the end. You never want to finalise a loan until you know what this number is. All you have to do is simply plug it in the principal (amount you are borrowing), the amount in fees, and the loan term.

    Look for UK-Based Lenders

    You always want to choose a UK-based payday lender, because otherwise you are just wasting your time. While there are a lot of these lenders out there, it is still an important bit of information to keep in mind. There are certain FCA regulations that UK lenders have to abide by, which is why it’s so important you do this. Choosing a lender that is based somewhere else is a huge risk that you don’t want to take.

    One of the reasons that so many people stay away from loan brokers is because they often recommend lenders that are based in other parts of the world. If you aren’t sure if a lender is based in the UK, just take a look at the URL extension. The web address should have “” at the end. This is a very simple and easy way to know if you are applying with a lender that is based in this area of the world.

    Evaluating a Lender’s Reputation

    You always want to be sure that the lender you apply with has a good overall reputation. You can usually find this out by reading what their own customers have to say about them. There are plenty of independent sites that have customer reviews for these lending companies. These reviews are an invaluable resource when you are evaluating a lender’s trustworthiness.

    You can also check with Trading Standards to see if any complaints have been filed against a certain lender. While a lack of complaints doesn’t necessarily mean you should borrow from the lender, it is still something to consider.

    The Payback Period

    The payback period or term of the loan you get is something else to focus on. You will find that a lot of private lenders have set terms for each of their loans, though sometimes it varies depending on the amount. You want to make it your goal to get a term that allows you to pay back the money on time without incurring too much interest. If you are getting a relatively small loan, you don’t want a three month long term. You’ll just end up spending a ton more in fees than you need to.

    The Personal Touch is Best

    When you are researching direct payday lenders, you should call up some of them to get answers to any questions you might have. This will provide you with the perfect opportunity to find out what each one is like as a whole. If you aren’t clear on any of the lender’s policies, you need to ask them until you get a definitive answer.

    Payday loans can help you out when your financial situation becomes dire, but you shouldn’t go through a broker. This will only complicate the process of getting the money you need, delaying it for a significant amount of time. Going through a direct lender will provide you with a fast and easy way to acquire the funds you need. No matter why you want to borrow money, this is the best way to go.

    Warning: Late repayment can cause you serious money problems. For help, go to Happy Penguin is a broker, not a lender, and does not make credit decisions.