What is a Direct Lender?
A direct lender is a lender who provides money to an individual customer directly, without there being any intermediaries involved. Direct loans allow the person taking out the loan to deal with the direct loan issuer who will be lending them the money. This creates a much smoother process and a clearer and more personal relationship between the loan issuer and borrower.
Payday Loans Direct Lenders
When you’re applying for a payday loan, it usually means you need cash in a hurry, often for emergencies. As payday loans direct lenders, we are able to offer you a fast, secure and easy process which ensures money is in your account as quickly as possible. Unlike traditional payday loans, you don’t have to pay your full loan amount back on your payday; you can spread the payments out over 6 months to suit your own requirements.
Why choose Payday Loans Direct Lenders?
- Timeframes – Getting a short-term loan from a direct lender can be much quicker as you don’t have to wait for any sort of third party approvals and application processing. Therefore, once your direct loan has been approved by the direct lender, they can pay you the money straight away to, for example, keep you going until your next payday.
- Privacy – With a direct lender, your information is shared with less people, therefore increasing your level of privacy. Brokers and other indirect lenders can share your information with multiple companies to have your direct loan application approved as they don’t generally provide the loan themselves, meaning your details will be made available to a potentially large number of unknown companies at once.
- Fewer Fees – With a direct lender loan, you will potentially find that there are fewer fees involved as you don’t have to pay for the help of any third parties or intermediaries to introduce you to your direct loan provider.
- Simpler Process – Dealing directly with your lender makes the process much simpler, especially when applying for your loan online. You get smoother and clearer communication as you can contact the lender directly if you want any part of the process explained in more detail, and there is less waiting around for the approval of your loan application. This also means that once you have taken out your loan you can be sure who you need to contact should you have any questions or concerns about your loan in the future.
Direct Lender Vs. Broker
The difference between a direct lender and a broker is that with a direct lender, you apply for your loan and receive money directly from that lender, whereas with a broker you provide them your details and they then input those details into their system and await a response from various lenders.
With a direct lender like buffa, there are no additional costs, so choosing our direct lender loans will ensure you know exactly what you have to pay back and when. If you are experiencing debt issues, rather than talking to a broker you can seek advice from StepChange, National Debtline or Money Advice Service.
How Does a Direct Loan Work?
Direct Lender Loans FAQs
Got a question about our direct lender loans? Take a look at our FAQ section below. If you can’t find the answer to your question, please get in touch with one of our friendly UK based team today.
Yes, buffa is an FCA approved and regulated direct lender. We provide direct lender loans to our customers, ensuring a fast and efficient service. We are completely transparent with all of our lending terms and conditions and work with our clients to find the most suitable short term loans solution for them.
A direct lender loan is a loan which is paid to the applicant directly from the lender, without going through a middleman. This means the applicant has full control over which companies have access to their details, whereas when a broker is used, those details are often passed on to multiple third-party companies. With a direct lender loan, you will be in contact with your lender from the very beginning of your application process, resulting in a more efficient service.
Why Choose buffa as your Direct Lender?
Direct Loan Decisions Instantly
We won’t leave you waiting to find out whether you qualify for a loan from us. Get an instant indicative decision to advise whether we accept, reject or need to conduct further checks relating to your application.
No Impact on your Credit Score
Complete your buffa loan application safe in the knowledge that it will not impact your credit score. We’ll give you an initial decision with absolutely no obligation on your part, with no negative effects on your credit score.
Transparency with No Hidden Fees
We pride ourselves on being upfront and honest about our direct loans, so you’ll know exactly what you’re expected to pay back and by when before you agree to take the direct loan. When we say no fees, we mean it. No late repayment fees, no loan arrangement fees and no hidden charges. Ever.
Flexible Repayment Options
Because our direct loans are fully flexible and designed to suit your individual circumstances, you can repay at any time. So, if you want to make early repayments or overpayments against your loan to make savings on the overall interest charges, that’s just fine. Or if you prefer the certainty of knowing how much you need to repay each time, on a fixed repayment date each month, that’s just fine too. It’s your loan so you can repay your way.
Bad or Impaired Credit Considered
We strongly believe that nobody should be held back from leading their life by a bad or impaired credit history. We will consider all direct loan applications on their own merits and will always do our best to provide you with a loan, regardless of your credit history.
Money Paid in Minutes
Need your direct loan in a hurry? Apply using the buffa website through an online application, and once approved, money will be in your account within a matter of minutes. No delays, just quick and simple access to your money.