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 will 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 Payday Loans Net, 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 PDNET:

  • 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?


The purpose of payday loans from direct lenders is 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 payday loan 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 payday loan directly, with no middleman. It’s a simple 3 step process, as outlined below:

  1. Apply online on your direct lenders UK 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 payday 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. Furthermore, once your personal details have been passed around the web, you can expect to receive annoying phone calls, text messages and emails from lenders who want you to apply with them.

Payday Loans Net is 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 online loans from direct lenders is 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 insert 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 various personal details, including:

  • Your address,
  • Contact details,
  • Your income and expenses

By providing this information, you give us a better picture of whether you can afford to take out a loan. If you don’t think you will 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 our company number – 020 3006 6977. Likewise, if there are any difficulties processing your loan, a member of our customer service team may contact you on the numbers you have provided.


Can I Get Loans for Bad Credit from Direct Lenders?


Bad credit can be such a bummer when you really need a loan. However, there is a list of direct lenders who can offer you a loan even with very bad credit. Payday Loans Net has high acceptance loans even if you have a low credit score.

To qualify for a loan with PDNET, you need to follow these criteria:

  • Applicants must be 18
  • Only UK residents can apply
  • Applicants must have a UK bank account
  • A consistent source of income is necessary

Remember, no legal direct lender can offer you a guaranteed loan, because loans are subject to an affordability and credit check on every loan application.



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


Every payday UK company sets their own rates and fees, so there is no guarantee that a direct lender will be cheaper than a broker. However, brokers commonly charger a broker fee, which may be charged to the consumer.

To give you an idea of the cost of a loan, here is a general guideline. The FCA have put price caps in place, which limits the amount that 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 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, as lenders need adequate time to perform credit and affordability checks and manage bank transfers. Hence, you’ll have a hard time finding direct 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 is free to apply for a loan with us, and you can save money by repaying your loan early! With PDNET our 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" was last modified on