Payday Loans Net is an FCA authorised direct lender. We offer loan amounts of £200 – £2000 which are repayable over 1 – 6 months. If you need a loan from a direct lender and have bad credit, you’ve come to the right place. We’ll do our best to help you get a loan, even if you have a low credit score. Once you apply, you will get an instant decision on your loan status. If approved, you can get the money into your bank account on the same day.  

If an applicant is declined a loan with us, they can choose to use our separate broker service that helps applicants to find another lender, at no charge. However, we will not go ahead with this service unless the applicant states that they want us to.

Here’s why our borrowers love us:

  • We are a new direct lender
  • Application is completely free
  • No third party
  • Repay early, save on interest!
  • No broker fee


What are the Benefits of Direct Lenders?


When people search for loans from direct lenders, they want a fast and straightforward loan experience. This type of loan is there to provide an easy cash injection when you need it most, and have no other way of obtaining the money. Usually people borrow short term loans for bad credit when an emergency arises. Common uses are:

When you are comparing lenders, you are likely to find both direct lenders and brokers, and you may be unsure of which to choose.

The most significant difference between a direct lender and broker is that a direct lender provides your loan directly, with no middleman. It’s a simple 3 step process, as outlined below:

  1. Apply online on your lender’s website
  2. Lender approves/declines your application
  3. If approved, get the money in your account quickly.

When you apply with a direct lender, the loan process is easy and transparent. If you need to communicate with your lender, you can do so easily. You know who is providing your loan, and where to find them.

On the other hand, applying with a broker is a little different. A broker does not offer loans of their own, but sends your application details on to many lenders on their national databases until they find one who is willing to lend to you. This can often result in a broker fee, something which a direct lender won’t charge you. And, once your personal details have been passed around the web, you can expect to receive phone calls, text messages and emails from lenders who want you to apply with them.

We are a direct lender. If you are approved for our short term loans, we transfer the money directly from our bank account to yours, and our customer service team will see you through the process until you have paid off the loan.





How Do I Apply for Direct Lender Loans from PDNET?


The application process for our online loans simple. First of all, take time to decide on your loan terms – the amount of credit you need and for how long. Some borrowers prefer a £100 loan, while some need £500 to get them through. Once you choose your loan amounts, our free loan calculator will work out how much you’ll need to repay, and when.

Further along the application form you will need to provide some personal details, including:

  • Your address
  • Contact details
  • Income and expenses

By giving these details, you help us decide whether our loan is right for you. Don’t think you’ll manage repayments? There are free debt advice resources in the UK to help you with money problems.

If you have any questions, you can contact us on – 020 3006 6977. If there are any problems processing your loan, a member of our customer service team may contact you on the numbers you’ve provided.


Can I Get Loans for Bad Credit from Direct Lenders?


Bad credit isn’t much fun when you need a loan. However, there is a list of direct lenders who can offer you a loan even with very bad credit. Paydayloansnet.co.uk has high acceptance loans even if you have a low credit score.

To qualify for a loan with us, you must:

  • Be 18
  • Be A UK resident
  • Have a UK bank account.
  • Have a steady source of income

Remember, every loan application needs affordability and credit checks. Therefore, no legal lender or broker can offer you a guaranteed loan.



Do Direct Lenders Charge a Higher Interest Rate Than a Broker?


Every payday UK company sets their own rates and fees, so you can’t be sure that a direct lender will be cheaper than a broker. However, brokers often charge a broker fee, pushing up the price of the loan.

It’s important to get an idea of the cost of a loan. The FCA put price caps in place to limit the amount lenders can charge. The price caps are:

  • Max 0.8% daily interest
  • Max £15 charge for late repayment
  • 100% total cost cap – borrower never pays more in interest and fees than the loan itself

Can I Get Quick loans from Direct Lenders with Instant Approval?


Need cash now? Unless it rains money, that isn’t likely to happen. Lenders need time to do credit and affordability checks and manage bank transfers. Hence, you’ll have a hard time finding payday lenders offering 15 minute loans, or even 1 hour loans. At PDNET, we realise that you need the money quickly, and do our best to help out. Once you apply for our direct loans, you’ll get an instant decision. If approved, we typically provide borrowers with same day loans – directly from our bank account to yours.

Payday Loans Net is an authorised direct lender. It’s free to apply for a loan with us, and you can save money by repaying your loan early! PDNET’s customers enjoy a completely transparent experience with a strict responsible lending policy. Make loan decisions you are proud of with a new direct lender who cares.



Written by: Felicity Jones
The article "Direct Lender Loans" was last modified on