Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk. We are a credit broker and not a direct lender.

List of Active UK Direct Lenders - 2024

List of Active UK Direct Lenders - 2024

Have you ever wondered, with so many direct lenders out there promising the world, how do you separate the real deal from potential loan sharks? That's where CashCompare steps in! We are about to break down the top active direct lenders operating in the UK right now in 2024, giving you the full overview of their offers on short term loans & instalment loans and your best possible options for loans for bad credit and good credit.

But what are direct lenders? They are banks or financial companies that lend money directly to you, the borrower. No third-party middlemen, no loan brokers getting a cut - just a straight line from the lender to your bank account when you need cash fast.

It's time to meet the best direct lenders in the UK for your everyday cash needs!


Let's move beyond just covering unexpected costs into the realm of financing major purchases or investments. For those grander ambitions, Loans2Go is a stellar option offering unsecured loans from £250 all the way to £2,000. Their repayment schedules are longer too, spanning 18 or 24 months. The representative APR is 770%. Perfect for planned big-ticket expenses but without putting up collateral.

If you would like to apply with them you can do so by clicking here


Speaking of quick financial relief, MoneyBoat prides itself on getting you that quick cash! Their bread and butter are small loans sized between £200 - £1,500 to help stay afloat. New MoneyBoat customers get an extra perk too, with first-time loan limits increased to £800. Repayment terms run a short 2-6 month schedule, perfect for injecting temporary liquidity. Their representative APR is 939.5%.

Bamboo Loans

Need to borrow a large sum? Bamboo's your perfect go-to for bad credit loans ranging from £2,000 all the way up to £15,000. Perfect for larger emergency expenses, investments, or debt consolidation. Their repayment periods are equally generous, spanning 12-60 months based on your preference and credit score. Bamboo's APR range is from 26.9% - 69.9%, accommodating different credit profiles.


In the same spirit as CashASAP, CashFloat is all about providing personal credit lines to help bridge cash flow gaps between pay periods. Their loan amounts are a bit lower, ranging from £300 - £1,500, providing financial breathing room. Depending on the amount borrowed, CashFloat offers repayment terms between 3-9 months. Their representative APR is 611.74%.


For ongoing liquidity gaps, Drafty's revolving credit line could be the best move for you. Essentially, you get approved for a £50 - £3,000 credit line with Drafty's variable APR of 96.2%. Use what you need, repay, then simply reload the credit line. Rinse and repeat with timely repayments. These types of loans are great for gig workers, freelancers, or anyone with irregular cash flows!

118 118 Money

118 118 Money keeps things straightforward with short-term personal loans or bad credit loans between £1,000 - £5,000. Repayment windows are a very manageable 12-36 months. 118 118 Money boasts an online account portal for easily keeping tabs on your loan. With a representative APR of 49.9%, their interest rates are competitive.

Everyday Loans

We've all had those financial hiccups that can mangle your credit rating. Well, Everyday Loans keeps it real by considering loan applications from people who are typically denied by other lenders here in the UK. Despite less-than-ideal credit scores, you could still get approval for anywhere between £1,000 - £15,000 in personal loans spanning 18-60 months. The representative APR is 99.9%. Note: Everyday Loans requires an in-person visit to a local branch for verification.

Fund Ourselves

Fund Ourselves puts an intriguing twist on traditional direct lending by crowdsourcing loan capital through individual investors instead of big banks. Their peer-to-peer system allows you to borrow between £100 - £1,500 directly from Fund Ourselves members' pooled funds. New customers are limited to £800 max for their first loans. Repayment period is 4 to 6 months.

Lending Stream

Lending Stream aims to provide more responsible personal loan alternatives for short-term cash gaps. Need anywhere from £50 - £1,500 to cover emergency costs? Lending Stream's installment loans stretch the representative APR of 1333% over 6-12 months for more reasonable repayment schedules compared to old-school payday lenders.


When simplicity and speed are top priorities, LoanPig might be your best bet for clearing that financial hurdle fast. Their personal loans and bad credit loans range between £50 - £1,500 with repayment windows from 1-12 months. LoanPig acts as both a direct lender and credit broker, with APRs ranging from 49.9% to 1261%.

Finio Loans

This direct lender has evolved over time, rebranding from their original "Likely Loans" days to the new moniker of Finio Loans. But their refreshed name doesn't change what they do best: fast personal loans from £1,000 - £5,000. Repayment flexibility is Finio's strong suit, offering 12, 24, and 36-month loan terms. Interest rates range from 39.9% - 69.9% APR, based on creditworthiness factors.

In Conclusion

So don't suffer under money stresses or pile up high-interest credit card debt when convenient personal loan options exist! Do your due diligence by shopping around various UK direct lenders until you find an affordable deal ideal for your situation.


The APRs mentioned are representative and may vary based on individual circumstances and credit scores. Borrowing money involves risks and should be done responsibly. Please read the terms and conditions of each lender carefully before applying. Seek independent financial advice if you are unsure about your borrowing options.

"Warning: Late repayment can cause you serious money problems. Always consider if borrowing is the right option for you and ensure you can repay your loan." For help, go to moneyhelper.org.uk.

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