Are you in need of a payday loan but want to avoid brokers? You have come to the right place.
This website lists lenders that will directly lend you a payday loan, this is the safest and cheapest way to get a payday loan. You will want to avoid brokers as they can add additional fees making the loan cost more than it should.
What are payday loan brokers?
Payday loan brokers may appear like lenders and it can be confusing. Broker websites take your details and pass them onto lenders for the highest fee they can get.
Why to avoid payday loan brokers?
There are clear problems and conflictions of interest here as you may not get the best payday loan rate because the broker chooses what’s best for them (not you). The broker may also add an additional fee for finding the loan as well.
It would be recommended to avoid payday loan brokers and borrow direct from lenders. Below are details of direct pay day lenders where no brokers are involved.
payday loans no brokers
bongaloans.com offers short term payday loans up to the value of £1000 and must be borrowed for 30 days. The amount is higher than competitors therefore bongaloans is ideal if you need a good amount of cash until next month. Your loan can be paid into your bank account on the same day but the faster payment fee is £5. They currently do not offer weekend borrowing. Their default charge is £15 (industry standard) and they offer extension options too.
To apply you must be at least 18 years old and a credit check will be carried out. An example loan of £100, £123 would have to be paid back (below industry standard).
ferratum.co.uk (ferratum group) established themselves in 2006 and operate on a global scale. They offer same day funding payday loans up to the value of £500 for 7 to 37 days. They also offer extension options and their default charge is £10. But unfortunately you must look elsewhere if you want to be funded your payday loan at the weekend, as they do not offer this service.
Credit checks are carried out and you must be at least 23 years old (higher than the industry standard of 18) to apply. An example loan would be borrowing £100 over 30 days, you would pay back £124 (competitive rate).
unclebuck.tv has been an established UK payday lender since 2004. Their loans can be funded the same day as application as well as at the weekend. You can borrow up to £1000 for 5 to 31 days but first time customers can only get £400. There default charge is industry competitive at £15 and they also offer extension options.
Credit checks are carried out and you must be at least 18 years old to apply. An example loan would be borrowing £100 over 30 days, you would pay back £124 after the loan term (competitive rate).
myjar.com have operated since 2009 and have processed over 3 million loans. You can borrow up to £500 and can pay it back between 1 and 90 days. You can receive your loan on the same day as application and you can also apply at the weekend. There are no extension options and the default charge is £15.
You must be at least 18 years old and you will be credit checked. For an example loan of £100, you will repay £124 after a 30 day period (industry standard).
piggy-bank.co.uk claim to be one of the most innovative lenders out there and offer payday loans up to a value of £400. The loan can be funded on the same day as well as at the weekend. Although there is a faster payment fee of £9.95 that is added to the loan amount. You can borrow the amount for between 7 and 35 days and there is extension options available if need be. Their default charge is also below industry standard at £10.
You must be age 18 or over and a credit check will be carried out. For an example loan of £100, £124 would have to be paid back after a 30 day period.
reddiesdirect.co.uk offers payday loans up to the value of £400 and can be borrowed between 1 and 30 days. Ideal if you want to just borrow a small amount and pay back within a couple of days. They offer same day as well as at the weekend therefore you can get your money quickly throughout the week. The default charge is below industry stand at £10 and they also offer extension options.
A credit check will be carried out when you apply and you must at least be 18 years old. An example loan would be borrowing £100, after the 30 day loan period you would pay back £123.84 (slightly less than the industry standard).
redwallet.com is owned by the same company that operates unclebuck.tv (an established company since 2004). Redwallet offers you the chance to borrow up to £1000 for a period up to 38 days. You can receive same day funding but not at the weekend. Their default charge is £15 (industry standard) and they do offer extension options if need be.
A credit check is carried out and you must be at least 18 years old to apply. An example loan would be £100 borrowed over a period of 30 days, you would pay back £124 which seems to be the industry standard.