Direct Payday Lenders

If you’re looking for direct payday lenders, then you’ve come to the right place. With any emergency situation, knowing where to come is the best thing for you. The number of people going for loans from direct lenders is stacking. So it’s important to enlighten yourself on this borrowing method from direct payday lenders prior to coming to a decision.

What is a Direct Lender?

A direct lender is a lender that provides the loan directly to you, the borrower without a third-party lending partner being used. Direct lenders are independent business entities as they’re not associated with any credit unions or banks.

Why borrow from Direct Payday Lenders?

Your application is directly made to that company. No middleman is involved as a result. The process is quicker and simpler & results in you getting a cheaper rate too. The funds are directly deposited into your bank account after approval also. Therefore allowing you to address your monetary issues immediately.

Can I get a Payday Loan with Bad Credit?

Bad credit isn’t that much of a necessity when borrowing from direct lenders. Direct payday lenders will evaluate your affordability. They’ll also take your credit state into account. This greatly increases your likeliness of receiving approval on your loan application.

Do you need to take collateral?

Payday lenders rarely request collateral from you. It’s extremely rare for them too. Direct payday lenders mostly don’t ask for any collateral to be given up in order to obtain your loan. Wherefore, you won’t have any concerns or fears of losing any of your assets. This is in case you’re not able to repay the loan. But to avoid you being unable to repay your loan as a whole, we’ll offer you an amount based on your affordability. So rest assured the process will be swift and convenient for you.

Do I meet the criteria?

You’ll need the eligibility criteria before going ahead. This is to advance in the processing of getting a direct lender payday loan.

You meet the criteria if you:

  • Must be over 18 years old
  • Reside in the United Kingdom
  • Must be in employment or have a stable source of income
  • Are able to meet the affordability checks which we and our lenders request

Will I need a guarantor?

PM Loans won’t ask you to present a guarantor. A guarantor is a person who guarantees to pay a borrower’s debt. Guarantors act as a co-signer as they pledge their assets or services. When the original debtor can’t perform their obligations this happens as a result. Guarantors certify the true likeness of a person applying for a product or service as well.

Apply for a Payday Loan

PM Loans currently uses industry-leading technology. So our affordability & credit checks will be carried out in a few moments. So you’ll have received a decision in a quicker time than it would’ve taken you to apply in the first place. You’ll receive the cash on the same day if not the next working day.

Apply Now!