Direct Lender Loans
We are a direct lender providing affordable loans
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Representative Example
If you borrow £500 over 12 months, your total repayment is £929.40. Your monthly instalments will be £74.95 and a one off 6% administration fee of £30. Annual Interest (fixed) is 125% per year with a 280% Representative APR.
New customers can apply for a loan of up to £1000 for between 6 and 12 months. Existing customers can apply for a loan of up to £3,000 for a maximum 18 months.
Direct Loans
There are so many types of loans on the market, it can be confusing to know which is the best one to choose.
For example, you may have heard the term “direct loan” and are not sure what that means.
A direct loan is simply a loan that you agree directly with your lender. There is no third party involved, for example a credit broker or your bank. It is just you and the lender.
Because there are less people involved in the process, a direct loan can be much quicker to organise than some other kinds of loan. The lender can make a lending decision without anyone else having to approve it, and they will let you know their decision directly.
It can also be cheaper to take out a direct loan because there are no fees to pay to anyone else for finding you the loan.
Fair Finance is a direct lender. This means there is no middle man involved. If you want to take out a personal loan with us, you apply to us directly. We then make the lending decision without needing to involve anyone else.
There are three main benefits of dealing with a direct lender:
- If your loan is approved, you can get your funds quickly because no-one else is involved in the process. We aim to give you a loan decision within 24 hours or one working day, and have the money into your account by the next working day at the latest.
- There are no additional fees to pay to any third party for arranging your loan.
- We are free to make our own lending decisions and are willing to consider your loan application even if you have a poor credit score. At Fair Finance we base our lending decisions on your current financial situation rather than things that have happened in the past.
We offer loans of up to £1000, which you can repay in either weekly or monthly instalments over a period of up to 12 months.
To enjoy the benefits of dealing with a direct lender, use the Apply Now button below to get started, or take a look at our loan application process to find out more.
If you apply to us for a direct loan we will make a lending decision within 24 hours of receiving your completed application and supporting documents. We know that speed is important to you and that sometimes life emergencies need attending so if your application is approved, once your contract is signed we will get the money into your account within one working day.
You can apply online or by phone for a Fair Finance direct loan. To apply online all you need to do is use the calculator above to see the total cost of your loan and the amount of each repayment, then click the Apply Now button.
Or, if you prefer to apply by phone, call us on 020 8988 0627.
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WHY BORROW A FAIR PERSONAL LOAN
Bad Credit? On Benefits? New to the UK?
Discounts for existing customers
No hidden surprises
LET US ANSWER YOUR FAQ’s
We are a direct lender providing affordable loans of up to £3000
Why should I come to Fair Finance?
Fair Finance is a social enterprise. We aim to tackle financial exclusion. We build products for people with financial problems. We offer the cheapest price we can that is responsible and sustainable. We are actively transparent clear and honest.
I receive benefits. Can I still apply for a loan?
Yes. Many of our clients receive benefits. The most important factor for us is to make sure you are on top of your finances and can afford our loan.
How long does it take to get the money in my account?
After you have completed your online application form and submitted your bank statements, our team gets back to you with a decision within one working day or 24 hours. Remember, if we don’t have your bank statements, we won’t assess your application. In some cases, we may need to require extra documents such as a proof of ID or address. Once all documents are provided, the loan contract can be signed. Once it is signed, we deposit the money in your account on the same day during week day, and on Monday if you sign your contract on the weekend.
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