The figure of people applying for short term loans from direct lenders is accumulating. So, when looking for a loan it’s important to enlighten yourself on this borrowing method before deciding on a loan. A direct lender is a lender that provides the loan directly to you, the borrower without a third-party lending partner being used. Direct money lenders are standalone business entities as they aren’t connected with any credit unions or banks.
Reasons to borrow from a Direct Lender
In the event of dealing with a payday lender, your application is made directly to them. For this reason, no middleman is involved. As a result, the process faster and easier. Also, it results in you getting a cheaper rate too. Also, following approval, the monies are directly deposited into your bank account. Thus, enabling you to handle your monetary issues immediately.
Why choose PM Loans?
Even though we are a direct lender, that’s not all we are. PM Loans are a broker too. This means that you have access to a varied and wide range of different lenders and products. Accordingly, you’re able to source the perfect loan to suit your situation and needs.
Having Bad Credit won’t stop you
A good credit score is usually a highly important factor in the process of getting a short term loan. Nonetheless not all lenders whether direct or indirect view this factor to be extremely essential. To your advantage, PM Loans take your circumstances as well as affordability into account. Therefore, you have a higher possibility of receiving your instalment loan.
At PM Loans, we’re able to offer you a range of flexible borrowing solutions. Our loan amounts begin at a mere £50 and increase all the way to £1500 which is our maximum. We limit borrowing to £1500 to make sure that you’re able to smoothly make repayments. The FCA has authorised us so we can make it easier for you to get loans at varying amounts.
How do I get a loan from a Money Lender?
Getting a flexible short term loan from us is easy. To get one, simply just finish our simple application process:
- Step 1 – Pick your desired amount – Choose your amount using our online loan calculator. Next, pick the duration you would like for the payday loan. And you’ll receive an estimated repayment calculation.
- Step 2 – Finish the application – The application procedure is simple. Just enter your personal details, income, expenditure and bank details. We will contact you with a decision following the submission.
- Step 3 – Obtain your loan – We’ll attempt to match your application to a lender with the details that you’ve presented. They will finalize the process and your loan will enter your bank account.
Using Your Short Term Loan
One of our PM Loans can be a convenient backup option when financial misfortunes occur. We currently design our loan solutions for short term monetary support. They’re effectual in cases like covering finances after a redundancy or a medical emergency. Our loans are practical for paying unexpected bills, essentials & other necessities like property repairs until your next wages are received.