What Is A Direct Lender FAQ

What Is A Direct Lender?

Secured Loans > What is a direct lender

What is a direct lender?

A direct lender is a financial institution that offers loans to customers without the need for a broker or other third party. You apply directly to the lender, and they offer the money directly to you (assuming you are approved).

Getting a loan from a direct lender means you only deal with them. Your details won’t be passed onto or shared with third parties without your knowledge.

  • A direct lender will deal with you throughout the loan application and repayment period
  • Your details won’t be passed onto or shared with third parties without your knowledge and approval
  • A broker is different to a direct lender – they will find a loan for you for a fee
  • A broker may need to share your financial information with third parties in order to find you a loan

Not sure if you’re dealing with a direct lender? Check their website. That will state whether they are a direct lender or a broker.

Warning: Late payment can cause you serious money problems. For help, go to moneyhelper.org.uk

Representative 22.93% APRC variable.

For a typical loan of £26,600 over 180 months with a variable interest rate of 19.56% per annum, your monthly repayments would be £484.00. This includes a Product Fee of £2,660.00 (10% of the loan amount) and a Lending Fee* of £763.00, bringing the total repayable amount to £87,030.00. Annual Interest Rates range between 11.7% to 46.5% (variable). Maximum 50.00% APRC. *Lending Fee varies by country: England & Wales £763, Scotland £1,051, Northern Ireland: £1,736.


Think carefully before securing debts against your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured against it. If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.

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