Our panel of lenders, as a credit broker, typically offers loans ranging from £250 to £10,000, depending on the lenders’ criteria and your eligibility.
The loan duration usually depends on your loan requirements, with lenders typically offering between 3 months to 3 years.
To qualify for a loan, you must be a UK resident, over 18 years old, have a bank account, and be in permanent employment, receiving a pension, or disability benefit/living allowance. Additionally, you must meet the lender’s criteria and credit affordability assessment.
Some lenders will transfer the loan amount into your bank account within an hour, depending on the lender and the amount you have requested. Full terms will be explained when you are redirected to the provider’s website.
Typically, loan providers do not have strict rules on what you can use the loan for. However, we encourage applicants to think sensibly about how the loan will be used. If there are any stipulations, these will be outlined by the provider once you have been redirected to them.
A loan may be used to pay off other forms of debt, but we advise our clients to carefully consider their circumstances and the sustainability of their financial situation. If you require further advice, free advice can be obtained from: https://www.moneyhelper.org.uk/en.
You may withdraw from the loan agreement within 14 days of signing it by contacting the lender directly via email or telephone. If you withdraw from the agreement, you will be required to repay the credit, including any accrued interest from the date the credit was provided to the date of repaying it, without delay and within 30 days of the day after you gave notice of your withdrawal.
Yes, providers must offer the option of paying off a loan early, including full payment and partial payments. Some providers may have early repayment charges, which will be explained from the beginning of the application on the lenders site.
Once you have filled in the form, you will receive an instant decision from loan providers or alternative products on our panel. You will receive confirmation of your results via email and/or SMS. If you do decide to go ahead with an application for a product, the provider may have their own criteria for contacting you, however this will always be explained during the process. We may infrequently provide marketing and advertisements to the details you have supplied, however if this is not desired, you may opt out of marketing during the application process. You may also do this at any later point by using the Opt Out Page on the website. You are also welcome to request to be opted out by letting us know at: Customer Service Department by email: support@directlend.co.uk
We are a credit broker, not a direct lender and therefore the service that we provide is to try and match your details against the acceptance criteria of the lenders on our panel, who each have their own acceptance criteria. Commission is paid to us directly by a lender and is dependent on the outcome of a customer’s loan application, therefore our customers do not pay any costs directly to us.
Info
Privacy & Terms
Contact
Direct Lend is a trading style of Technov8 Limited, a company incorporated in England & Wales, with company registration number: 05377058. Our registered address is: Technov8 Ltd, Bartle House, Oxford Court, Manchester, M23WQ
Technov8 Limited is authorised and regulated by the Financial Conduct Authority (FCA) under registration number 732414. We are also registered with the Information Commissioner Officer under registration reference Z3652660.
Technov8 Limited is a credit broker, not a lender. We do not charge customers a fee for using our services, but we receive a commission from lenders or other brokers if a customer enters into a consumer credit agreement following an introduction through our website. We work exclusively with a selected group of lenders and credit brokers to offer you a range of credit and loan products. We may receive a percentage of the loan amount as a commission from a loan provider or broker if you take out one of their products and/or we may receive a fee for introducing you to them.
When you apply for a loan through us, the lender will disclose directly to you all the relevant information relating to interest and charges associated with the loan. Please note that the lender or broker we direct you to may not offer the cheapest loan that is available to meet your needs.
[*] The APR depends on the lender and the customer’s circumstances. The Representative APR is based on the mean APR of our panel of lenders.
Loans are available to individuals over 18 years old, subject to status. The majority of loan applications are processed online; however, there are circumstances where our lenders may need to call you. Further information relating to why lenders will need to call you is disclosed within their terms and conditions.
Upon approval, your cash could be sent within minutes, though the time it takes for the cash to be received in your account will depend on your bank’s policies and procedures. If we cannot find you a loan, we may transfer you directly to alternative firms and services which may incur a monthly fee, such as credit building tools if you choose to use them.
By using our services, you agree that this agreement is in English, and all communications between you and us will be in English.
