Direct Lender Loans
Direct lender loans are a convenient option for people who want to borrow directly from a lender. At Lending Stream, you can apply for a loan with a simple application process and get a quick decision with clear, transparent terms. We can help you get quick access to the cash you need when you need it (if approved). As an online direct lender, we prioritise responsible lending.
Representative Example: Given a Representative APR of 1271%, if you borrow £300 over 6 months at 292% p.a. (fixed), you would owe 6 equal repayments of £96.39. You will repay £578.36 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Why choose Lending Stream for an online direct lender loan?
Trusted
Rated excellent on Trustpilot & 99% recommendation rating on Reviews.co.uk.
Convenient
Secure online application available 24/7. A decision in seconds, not days.
No early repayment fees
Repay in 6 monthly instalments. We don’t charge for early repayment.
Fast
Cash sent to your bank in under 90 seconds, if approved. It may take longer to reach your account depending on your bank’s processes.
We are a FCA authorised direct lender
We believe Lending Stream is one of the best direct lenders in the UK, offering flexible and transparent loan options. We’re an FCA authorised and regulated direct lender, with authorisation number 689378. We prioritise responsible lending, ensuring every loan aligns with your individual circumstances.
What is a direct lender?
A direct lender is a financial institution or a company that offers different types of loans directly to borrowers, paying the loan directly into the borrowers bank account. This means that the lender has complete control over the loan process, from assessing the borrower’s creditworthiness to sending the funds to the borrower’s bank account.
Direct lenders can include banks, credit unions, and online lending companies. They offer various types of loans, such as short term loans, bad credit loans, payday loans, etc.
What are direct lender loans?
Direct lender loans are provided directly by the lender This means that when you are borrowing money, you’ll only be dealing with the lender.
Direct lender loans can offer several advantages, including quicker approval time, a simpler application process, and more. These loans can also be a good option for those with bad credit, as some direct lenders may consider giving you a loan with bad credit.
Is Lending Stream a direct lender?
Yes, Lending Stream is a direct lender, so if you are looking for a short term loan, you can apply on our website. We aim to give an instant decision, and if you are approved, we will send the cash to your bank in 90 seconds. The time may vary depending on your bank’s processes.
You can use a Lending Stream loan to cover unexpected bills and expenses. We offer direct loans ranging from £50 to £800 for new customers and £100 to £1,500 for returning borrowers, with straightforward terms and no intermediary fees.
Every time we receive an application, we perform credit checks and affordability checks to support responsible lending. As we are a direct loans lender and not a broker, you deal directly with us, gaining peace of mind and control over your borrowing.
Eligibility criteria for a loan with Lending Stream
If you are looking to check your eligibility to apply for a direct lender loan with Lending Stream, then you must:
- Be a UK resident
- Have an active bank account
- Have a valid debit card
- Be over the age of 18+
- Should be in regular employment with a monthly income of at least £400
During our application process, we might ask you to show proof of your income. As a responsible lender, we do this to ensure that you can comfortably afford the loan repayments.
Representative 1271%APR
How to apply online for a direct lender loan with Lending Stream?
Applying for direct lender loans with Lending Stream is an easy process. You need to fill out our online application form and give us the following details:
- Enter your personal details
- Choose the amount you want to borrow with us
- Provide us with your employment, salary, expenses, and banking details
Once we receive your application form, we will run a credit and affordability check on your profile. If approved, we’ll send the cash to your bank within 90 seconds. It may take longer to reach your account depending on your bank’s processes.
Representative 1271%APR
What to look for when applying for a loan with a direct lender?
When choosing a direct lender, consider transparency, speed, and terms. Ensure the lender provides clear information about interest rates, loan terms, and potential hidden fees. Look for lenders who are regulated and authorised by the FCA.
At Lending Stream, we take pride in offering loans with no surprises, fixed monthly repayments, and the option to repay early without any extra fees.
What is the difference between a direct lender and a Broker?
Below are a few differences when borrowing from a direct lender. These points can help you choose if you want to go for a loan with a direct lender or a broker.
| Direct lender | Broker |
|---|---|
| Funds are provided directly to the borrower. | Funds are provided through a broker, intermediary, or can be directly. |
| Quick processing time. You may get the loan on the same day. | Processing time may vary as the broker may involve multiple lenders. |
| Easy and simple online application process. | Application process may require more information and take longer to complete. |
How much can I borrow from a direct lender in the UK?
The amount you can borrow from a direct lender is based on factors like your income, credit history, and the type of loan you are applying for. Most direct lenders offer short term loans ranging from a few hundred to a few thousand pounds, but some direct lenders do consider lending more if you’ve got a good credit history or a steady source of income.
At Lending Stream, new customers can borrow between £50 and £800, while returning customers may access loans between £100 and £1,500.
Will taking out loans from direct lenders impact my credit score?
Taking out a loan from a direct lender can impact your credit score, positively or negatively, depending on how you manage your loan. Timely repayments can improve your credit rating and demonstrate responsible borrowing. However, late or missed payments may lower your score and appear on your credit history.
At Lending Stream, we perform credit checks to evaluate your application and ensure you can manage the monthly payments. By repaying the loan on time, you can maintain or even improve your financial standing while avoiding potential penalties.
FAQs – direct lender loans
Is it better to apply for a loan with a direct lender?
Applying with a direct lender can be a better option as it offers a smoother lending process, quicker decisions, fewer fees, and direct communication. By avoiding broker fees, you save money and get clearer loan terms, making it easier to manage your credit score and financial needs.
Can I get a bad credit loan from a direct lender?
Yes, many direct lenders offer loans to borrowers with bad credit history. Instead of focusing only on your credit report, they assess your ability to manage monthly payments and your current financial stability, providing options for those in need of bad credit loans.
Can I get a payday loan from a direct lender?
Yes, some payday lenders are also direct lenders, offering small, short term loans. Lending Stream offers an alternative to payday loans with fixed monthly repayments, helping you meet urgent financial needs.
What are the risks of taking out a loan from a direct lender?
The risks of borrowing from an FCA authorised direct lender are much lower than borrowing from an unauthorised lender. Authorised lenders follow strict regulations set by the FCA. However, always read the terms carefully, borrow only what you need, and ensure you can afford repayments. Responsible borrowing helps avoid financial difficulties and ensures peace of mind.
How quickly can I get the money from a direct lender?
Most direct lenders, including Lending Stream, provide fast decisions, often transferring funds the same day the loan application is approved. This ensures you can access cash quickly for urgent needs, once transferred into your bank account. However, there will be other direct lenders with different processing times, so it’s important to check the terms before applying.
Can people on benefits get a loan from direct lenders?
Yes, some direct lenders may be willing to offer loans to people on benefits. However, it’s important to carefully consider if you can afford the repayments before applying, as missed repayments can lower your credit score and put you in further financial difficulties.