The cost of borrowing £300 over 6 months:

Fast Loan UK £507.48
Mr Lender £544.00
Cashasap £556.23
Lending Stream £579.00
Money Platform £586.26
Savvy £595.00
QuidMarket £596.46
Cash4unow £599.82
Fernovo £595.92
Ticket Loan £595.92
Loan Pig £595.92
Moneybag £600.00

Proud to offer the cheapest instant short term loans in the UK

Compare our loans to other lenders here

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

Representative example:

Borrow: £300 over 8 months. 8 repayments of £70.31. Total amount payable £562.44. Interest rate: 130.21% pa (fixed). Representative APR: 840.75%

When you need funds that can pay directly into your bank account quickly, here at Fast Loan UK we have just the solution. As a direct loans lender, we specialise in providing our customers with instant direct loans that will pay out quickly after being approved. You can apply for instant direct loans between £50 and £2,000 and if approved, receive the funds directly into your bank account through our same day loans. All you have to do is choose the amount you want to borrow and the desired repayment terms, click Apply Now and we’ll quickly get to work.

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What are Direct Loans Online?

Direct loans describe a short term loan that can be paid directly into your bank account once approved. As we are a direct loans lender and not a broker, we have full control over the decision-making process and we will pay you directly ourselves. What’s great about direct loans is the time you save between applying and receiving the funds. We cut out any time wasted by paying you directly into your bank account ourselves instead of other direct loan companies you may come across who may work on behalf of a broker. Because we can offer instant direct loans, it means you can receive your loan amount on the same day you have applied, getting access to the funds you need very quickly.

There are many reasons why our customers choose to apply for direct loans online as they are an ideal way to borrow money in the short term with flexible repayment terms. If you have an emergency expense to pay for or a repair bill that arrived unexpectedly, for example, a direct loan can be the quick solution you need. Maybe you have had trouble with your finances in the past, leaving you with a less than perfect credit score. With our instant direct loans, you can still apply and get a decision fast if we can see that your income and affordability can cover the repayments you have chosen. Whichever reason you need money in the short term, a direct loan can be the instant funding you’re looking for.

How to Apply for Direct Loans Online

We have made applying for direct loans as simple as possible to help you get to an all-important approval quicker. Providing instant loans is all about speed and efficiency, and our approach to lending means you’ll be hard pushed to find quicker direct loan companies online. After choosing the amount you wish to borrow and the repayments you want, click apply now and you’ll be able to fill out a straightforward application form. By doing so, we will be able to provide a pre-approved decision instantly, letting you know if we can potentially help with the loan and terms you have asked for. Once we have given you a decision in principle, we will assign you a personal Customer Care Manager. The reason we do this is that we care about the lending process and having someone you can personally contact and discuss the loan with. This human element of the process is FAIRER and, in many cases, more reliable than a 100% automated service, as they will be able to assess your circumstances and call you if they need to confirm any details. This will take no longer than 5 minutes to complete if they need to call, but the majority of the time we’ll have the information we need to go to the next stage.

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alternative payday loan

Once we are happy with the information and after our affordability and credit checks are complete, we will simply text and email you a link to digitally sign your direct loans agreement if approved. Then it’s down to you, as the quicker you can sign the digital agreement, the quicker we can transfer the funds directly to your bank account. In most cases, you will have the money within just 15 minutes – it really is as simple as that with our instant direct loans online.

Direct Loans Eligibility

If that all sounds great and you want to get started with a direct loans application, you will need to ensure you meet our eligibility criteria first:

  • You’re 18 years old or over
  • A current UK resident
  • In Full-Time, Part-Time or Self-Employment
  • Have a regular source of income
  • Have a Debit Card and Bank Account

We’re not just a direct loans lender, but also responsible lenders as we want to ensure we treat all our customers fairly and equally. We pride ourselves on making good lending decisions and our Customer Care Managers will be able to determine your current circumstances and affordability fully before providing a loan decision. Our eligibility requirements mean we can help many more people than other direct loan companies available, so even if your credit score is poor, there’s still a chance we can approve your loan. So why not apply today for direct loans online through Fast Loan UK and get a decision in minutes.

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Direct Loans FAQs

What is the Maximum I Can Borrow with Direct Loans Online?

We can provide loans up to £2,000 if you have successfully already paid off a loan through us. If you are a new customer, the maximum amount you can apply for is £800. The reason for this is we need to ensure that you can become a trusted customer and pay-off your first loan amount through us before higher lending is approved. As responsible lenders, we believe you should only borrow the amount that you need and can afford, and we do not encourage our customers to apply for the maximum amount available unless they really need it.

Representative Example

Borrow: £500 over 16 weeks. 4 repayments of £183.59. Total amount payable £734.36. Interest rate: 151.4% pa (fixed). Representative 766.18.% APR.

Can I Really Receive the Loan Amount Direct Within 15 Minutes?

Yes, if we have your correct bank details and you have been fully approved, returning the signed digital loan agreement, we will send the funds directly within just 15 minutes. This in the majority of cases will even be quicker but will vary depending on your bank or building society, with on some occasions it taking longer if they do not facilitate Faster Payments. Similarly, if approved over a weekend, this may take longer if after 1 pm on a Saturday you have been approved, due to some banks closing from this time.

How Does the Credit Check Work with Instant Direct Loans?

We perform a credit check on every application as per requirements from the Financial Conduct Authority (FCA). A soft search of your credit file will be conducted to begin with which will form the basis of the pre-approval you will receive. This type of search will not show on your credit report in a negative way and gives us an indication of your current financial situation. Once pre-approved, we will then perform a hard search which will show on your credit file. The initial soft search allows us to ensure that you meet our criteria first before continuing with the application.