The Very Best Loans with Loantra

Short-Term Loans

Apply Today to Borrow up to £995

*Online decision

*Responsible lenders

*Rates from 278% to 1576%

*3-12 month repayment

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Personal Loans

Apply Today to Borrow up to £25,000

*Instant Decision

*60-Second Application Form

*Rates from 4.7% to 278%

*3-36 month repayment

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What Loantra can do for You

Direct Lenders No Credit Check

If you’re looking for money quickly and you have a bad credit history, then you’re going to need to find direct lenders with no credit check. This means finding a company that will provide you with immediate cash and deposit it directly into your account without first assessing your credit rating.

Let’s take a look at how that can work and how you can ensure that you find the best option for you.

Payday Loans

One way you can find direct lenders with no credit check is to apply for a payday loan. A payday loan is a very small loan that you will typically pay back in one go and that will normally involve a very high APR – anything up to 400%.

While a 400% APR might sound like a lot, the way that most payday loans work is that you calculate the amount you want to borrow and for how long and then see what the total fee will be up front. If you are looking to borrow a few hundred dollars and you’re aiming to pay it back in a matter of weeks, then you might only be looking at a $15 fee – which will be more than acceptable for most people.

Not all payday lenders will loan money without a credit check though, so this is something you always need to research before going ahead.

Installment Loans

If you need just a little bit more cash, then you might want to look into installment loans.Installment loans are loans that work similarly to payday loans in that they often involve smaller amounts of money that are debited instantly into your account, often without a credit check. The difference is that installment loans tend to be slightly larger and can be paid back over a slightly longer period. They also tend to have lower APR to reflect that – around 50%.

Because installment loans involve multiple repayments, they can actually be used to fix a bad credit rating – making them a great option for those looking to improve their finances in the long term.

Other Financial Products

There are other financial products you can get too that might not require a credit check, while others will involve a credit check but let you borrow money regardless. One example of direct lenders with no credit check might one that offers guarantor loans. These are loans that use another person as the guarantee instead of an asset. This means that a friend, relative or other associate might offer to pay off the loan on your behalf should you find yourself unable. However they will have to have a good credit history!

There are other options too – you can even take out a PayPal loan, which is another form of loan that doesn’t require a credit check. Whatever your situation then, you should always be able to find some kind of option that will let you get the money you need in a decent time frame. Don’t give up and keep shopping around!

See How We Compare to Our Competitors

Loan amount
£500 - £20,000
Loan term
12 - 60 Months
CUSTOMERSCORES
Good
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Loan amount
£500 - £100,000
Loan term
1 - 18 Months
CUSTOMERSCORES
Excellent
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Loantra is a licensed credit broker and not a lender.

We will never charge you for our service and the lender will not increase the rate to cover our fee to them.

We work with over 40 different lenders to bring you the very best rates from across the UK market.

Representative 305.9% APR. Representative example: £400 borrowed for 90 days.

Total amount repayable is £561.92 in 3 monthly instalments of £187.31.

Interest charged is £161.92, interest rate 161.9% (variable)

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

Do not borrow more than you can pay back as defaulting on payments can lead to serious monetary problems.

Any collateral you have against the amount may be at risk of repossession.

5 most recent personal loan reviews

Review of Natwest

My personal loan from NatWest was planned in advance because I like to do plenty of research before committing to something as important as a building extension. I wanted to make sure the loan would be possible and that it was at a competitive rate before I started employing architects and builders. I was in regular contact with our local branch’s loan adviser and they finally sorted out a very good loan for me and once that was agreed I got on to the job of planning this extension. We’d already had the go ahead from the local council so it was all systems go once that all important loan was finalised. Sometimes it’s best to deal with your own bank for such an important loan and I am pleased that I entrusted NatWest with my loan.

Review posted by Wayne Crouch, Plymouth

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of U Switch

In our position your company treats us well. We have the income but unfortunately due to circumstances beyond our control our credit rating is bad. Thank you Uswitch for giving us a chance.

Review posted by Neil Morrison, Perth

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Wonga

Suprised at ease of application. Never wanted to use these kind of things but had a very tough month and needed a few pounds before payday. After checking different options I found the small amount to payback manageable and it’s all payed back 2 days after payday. Easy process with quick response.

Review posted by Anthony Bell, Chelmsford

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

All reviews have been sourced from Trust Pilot to ensure authenticity of testimonials.