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Direct
Lender Loans

If you’ve been looking for a loan, borrowing money directly from a lender can save you hassle – and potentially from costly hidden charges.
Representative example: Total amount of credit £600 repayable. 12 monthly membership fees of £10. Rate of interest 0% p.a. (fixed). Total cost of credit: £120. Total amount payable: £720. Monthly loan payment: £50. Representative 83.1% APR
smiling Creditspring customer

Memberships
made for plans
big and small.

Start building your credit today and access
your first loan after 14 days.
Check eligibility

Late and missed payments, along with other external factors, can have a negative effect on your credit score.

Extra
Borrow £2,400 a year and repay only
£2,712 in 12 monthly fees.
Plus
Borrow £1,000 a year and repay only
£1,168 in 12 monthly fees.
Core
Borrow £600 a year and repay only
£720 in 12 monthly fees.
Step
Borrow £400 a year and repay only
£484 in 12 monthly fees.
Coins Membership fee
£26/month
Fingers crossed 2 loans per year
£1,200 / £1,200
Wallet Repay each loan in
6 months
Rep APR Representative APR
48.1%
Waiting period Waiting period
14 days
Representative example: Total amount of credit £2,400 repayable over 13 months. 12 monthly membership payments of £26. Rate of interest 0% p.a. (fixed). Representative 48.1% APR. The first repayment for each advance is £200.00, due 45 days after drawing, followed by 5 monthly repayments of £200.00. Total amount payable £2,712.
Coins Membership fee
£14/month
Fingers crossed 2 loans per year
£500 / £500
Wallet Repay each loan in
6 months
Rep APR Representative APR
66.2%
Waiting period Waiting period
14 days
Representative example: Total amount of credit £1,000 repayable over 13 months. 12 monthly membership payments of £14. Rate of interest 0% p.a. (fixed). Representative 66.2% APR. The first repayment for each advance is £83.35, due 45 days after drawing, followed by 5 monthly repayments of £83.33. Total amount payable £1,168.
Coins Membership fee
£10/month
Fingers crossed 2 loans per year
£300 / £300
Wallet Repay each loan in
6 months
Rep APR Representative APR
83.1%
Waiting period Waiting period
14 days
Representative example: Total amount of credit £600 repayable over 13 months. 12 monthly membership payments of £10. Rate of interest 0% p.a. (fixed). Representative 83.1% APR. The first repayment for each advance is £50.00, due 45 days after drawing, followed by 5 monthly repayments of £50.00. Total amount payable £720.
Coins Membership fee
£7/month
Fingers crossed 2 loans per year
£200 / £200
Wallet Repay each loan in
6 months
Rep APR Representative APR
88.8%
Waiting period Waiting period
14 days
Representative example: Total amount of credit £400 repayable over 13 months. 12 monthly membership payments of £7. Rate of interest 0% p.a. (fixed). Representative 88.8% APR. The first repayment for each advance is £33.35, due 45 days after drawing, followed by 5 monthly repayments of £33.33. Total amount payable £484.
Check eligibility

Late and missed payments, along with other external factors, can have a negative effect on your credit score.

What exactly is a direct lender?

Simply put, a direct lender is a loan provider that you deal with directly when taking out a loan without the need for a third party, like a broker or a loan comparison website. A direct lender can approve your application (and likewise tell you directly if it’s rejected) and transfer the funds straight into your bank account.  

Creditspring is a great example of a direct lender. We provide small personal loans, between £400 and £2,400, for thousands of people across the UK – even those with bad credit. Whatever your query, you’ll only ever deal with our friendly team, so you’ll always know you’re in safe hands. 

Creditspring – your trusted direct lender

Having so many banks, financial firms and loan products on the market can be confusing. Is borrowing from a direct lender right for you? How do you know which information to trust? 

With many people looking to borrow from UK direct lenders, whether they have bad credit or need a guarantor to secure a loan, the need for simple credit products everyone can access – and understand - is clear.  

That’s why, as a trusted direct lender, our aim, here at Creditspring, is to make life easier for you. Whether you’re looking for loans for bad credit or no guarantor direct lender loans, all our loans are unsecured, which means you won’t need an asset or a guarantor to back up what you borrow. 

As well as lending directly to you, we are also a subscription finance service, so we do things a bit differently to traditional direct lenders. We don’t charge interest on our loans (APR Rep 83.1%), or hidden or late repayment charges*, so all you pay is a low monthly membership fee on top of your loan repayments. That’s it!  

* if you miss or make a late payment, we’ll have to let the credit reference agencies know, and this could affect your credit score as well as your eligibility to borrow credit in future. 

Check your eligibility
What our members
say about us

How can I get a direct lender loan from Creditspring

Like we said, we’re all about making life easier, and our no-interest loans (Rep APR 83.1%) are pretty straightforward, too. 

First, we’ll determine your eligibility with a few standard checks and assess your affordability to ensure you can comfortably manage your loan repayments. You’ll need to be a UK resident aged 18 or over and have a stable income*. 

Worried about having bad credit? We’ll look at your overall financial situation and your ability to repay the loan, so it’s not just your credit history that we consider.  

When you’re ready to get started, you can check your eligibility for free! If you’re approved and choose to become a Creditspring member, we’ll let you know within a few minutes.  

Changed your mind? You’ll have 14 days to let us know, or after those 14 days you can request the money to be paid into your bank account. Payments are made seven days a week, except for bank holidays.  

*this list is not extensive 

Can a loan from a direct lender improve my credit score?

This will depend on a number of factors, namely repaying what you borrow on time and in full each month for the duration of your loan term. All reputable direct lenders regulated by the Financial Conduct Authority (FCA) will report your loan repayment history to one or more of the four main credit agencies in the UK, so if you never miss a repayment, this could positively influence your credit score.  

On the flipside, not keeping up with your repayments could see your score decrease. By paying on time, you’ll show lenders that you’re a sensible borrower, making you potentially eligible for further credit in the future. 

Get a loan
Apply now for a Creditspring direct lender loan and experience stress-free borrowing!
Check your eligibility

What types of direct lender loans are available?

Direct lenders, like us here at Creditspring, provide loans for all manner of situations and circumstances. Therefore, it’s important that you understand each lender’s rates, terms and conditions to ensure you choose the right product to suit you.  

Emergency loans

Life can be unpredictable, so having a financial buffer can be a reassuring back-up. Emergency loans from direct lenders can provide a financial lifeline when, for example, you might receive a higher-than-expected household bill, or if your car needs urgent repairs. 

Guarantor loans 

Wondering what guarantor loans from direct lenders are? This type of borrowing requires a third party, like a family member or friend, to back up the loan. By being a guarantor, they agree to take over your loan repayments should you become unable to make them yourself. It’s a serious and complex option that shouldn’t be taken lightly. 

Unsecured loans  

Unsecured loans from direct lenders are very common and can apply to smaller sums of money, even as little as £50. Essentially, unsecured loans a direct lender may provide won’t require you to have an asset that you own to back up what you borrow. This can make them a more accessible but sometimes more expensive option depending on your credit history and the lender’s terms.  

Personal loans

A personal loan can come in many forms (emergency, guarantor, unsecured etc) but they’re simply a way to borrow money which you pay back over an agreed period of time, with interest on top. The terms of personal loans from direct lenders can vary, however, so make sure you fully understand what you’re entering into before signing on the dotted line. 

Instalment loans 

When it comes to instalment loans from direct lenders, you repay the money you borrow in monthly repayments over a fixed period, usually with interest. Examples of instalment loans include mortgages, hire purchase loans for cars, or personal or student loans. 

Debt consolidation loans 

This type of loan can be useful if you have different debts that you want to bring together under one lender and simplify your debt management. If you’ve been looking for a debt consolidation loan if you have bad credit, any direct lender that’s reputable will first look at your credit history to determine your affordability. As a debt consolidation loan is still ultimately one big loan, it’s important that you understand whether this type of borrowing will end up being more expensive for you, especially if you have to pay any early repayment charges and more interest, for example. 

Payday loans 

Controversial payday loans are lump sums of money (often from £50 to £1000) you can borrow quickly, often without a full credit check. The catch? Well, there are many, including paying it back quickly, usually in full within 30 days, and interest rates as high as an eye-watering 1,500%. If you’re searching for high acceptance payday loans from direct lenders, you should always approach these firms with caution, as this type of borrowing is incredibly expensive, especially if you can’t afford to pay the loan back within the agreed timeframe.

FAQs

What's the easiest loan to get approved for?

Loans that don’t require a credit check could mean you won’t have a lengthy application process to go through to get the funds you want. Payday loans are one example of borrowing that some lenders may provide without running a full credit check on you. However, you should approach lenders with caution, owing to their super-high interest rates and strict repayment terms, making them a very expensive way of borrowing money that you often must return within a very short period of time. 

Who will lend me money when nobody else will? 

If borrowing from family or friends isn’t an option, you want to steer clear of payday loans and your credit rating is less than favourable, you can always check your eligibility for a Creditspring loan. We provide small loans between £400 and £2,400, even if you have bad credit, and take into consideration lots of factors, including your overall financial situation.  

What loans can I get with very bad credit? 

There’s no getting away from it, your loan options will be limited when your credit rating is very poor.  

Loans for people with bad credit (like payday loans) often come with very high interest rates, additional fees and charges, and rigid repayment terms. This means what you borrow can end up being very expensive and create a cycle of debt if you find you can’t repay the loan on time. 

Even if you don’t yet qualify for a Creditspring loan right now, we can still help you until you do become eligible. Simply sign up as a free member to access our members-only space packed with smart credit-boosting tips, exclusive partner offers and personalised scores. You’ll find our clever Benefits Finder tool here too, which could help you unlock benefits, grants and discounts worth £850!