Direct Lenders No Brokers

£50 - £2,500 paid out by 05:22am

How much would you like?

£

Representative 305.9% APR

Representative Example: £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). Representative 305.9% APR. We are a broker not a lender. We don't charge fees. We don't sell your personal information.

Direct Lenders No Brokers: What You Should Know

With an increasing number of people deciding to go the direct lenders no brokers route, you will need to learn all you can about this borrowing options before making a decision. A direct lender could be of big help when you are trying to get the money you need. While it is true that can always apply to your bank for a loan, it can be difficult to get approved. This is just one of the reasons why a lot of people are going with direct lenders.

Why Choose a Direct Lender Over a Broker?

A direct lender is someone you deal with one-on-one for a loan without anyone in the middle, whereas a broker is a third party that helps people with finding someone to give them the money they need. While it used to be that most people would hire a broker to help them get a loan, this is no longer the case. Direct lenders make getting the loan you need simple, so there are no complications whatsoever.

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Get Your Money Faster

When you choose to go with direct lenders no brokers, you won’t need to worry about waiting longer than necessary for the loan you need. If your car has broken down or there is a serious problem with your home, the last thing you want to do is wait a matter of days or even weeks to get your funds. Direct lenders make it incredibly easy for you to get your emergency expense taken care of right away. Going through a broker just slows down this whole process quite a bit.

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Representative Example: £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). Representative 305.9% APR. We are a broker not a lender. We don't charge fees. We don't sell your personal information.

No Collateral Required

You will find that direct lenders rarely ask for any collateral to be put down for the loan, so you won’t have to worry about losing any of your property if you are unable to pay it back for whatever reason. These lenders usually give out unsecured loans, which means that you won’t have to risk your house, car, or anything else.

Things to Look for in a Direct Lender

There are certain things that you will want to look for in a direct lender, including:

  • Reputation: Ask yourself what kind of reputation the direct lender has, because this will ultimately affect what kind of a deal you get on your loan.
  • Terms: The terms that you are offered on the loan will also be important to take a close look at so that you don’t end up paying more than you need to.
  • Convenience: How convenient does the lender make getting your loan? Most direct lenders these days will let you do everything online from home.

How Does Omacl Compare?

Why Use Us?
How much can I borrow?
Up to £2,500
No hidden fees
Chance of getting approved?
95%
High approval
Is my credit record affected?
No
No credit footprint
How long do transfers take?
15 Minutes
Instant Cash*
Do I need to pay back a lump sum?
No
Easy repayments

Who is Eligible for a Direct Lender Loan?

There are certain people who are eligible for quick loans, and you will need to get this information before moving forward.

You could qualify for one of these loans if you:

  • Have a steady job and employment history with adequate income.
  • Are over the age of 18.
  • Have an active checking account at a bank.
  • Don’t have any other active unpaid loans.

Qualifying for a loan from a direct lender, even with bad credit usually isn’t all that difficult, which is why so many people have started applying. These lenders try their best to make sure that you get approved by working with you, which is something that doesn’t happen when you go through a broker or middleman. If you need cash quickly, this is the best borrowing option you have overall.

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