What Are Short Term Loan Direct Lenders?
A short term loan direct lender is a company who can lend to you directly themselves. They are authorised and regulated by the Financial Conduct Authority. They will clearly show their interest rate including PA fixed-rate and ensure you have read their terms and conditions when making an application.
These direct lenders, including LoanPig, practice responsible lending. Our process for payday loans, as a UK direct lender, has been designed to give you access to our funds but also a number of different lenders, at the push of a button. A direct lender will ensure that you are fully aware of any late repayment warnings and penalties and your right to early repayments, and a clear document stating your monthly repayments and interest rate. This assures you that your loan will be from a reputable source and in your best interests no matter your credit history.
Why are LoanPig Loans better?
As a new customer of LoanPigвЂ™s* you could get a loan with a rate of 199% fixed APR (subject to status), вЂњwhat does that mean?вЂќ we hear you ask. WeвЂ™ve pulled together a comparison chart for you below to help explain.
The representative APR per year on a new customer loan would be approx. 530%