We are a UK based responsible lender, with local financing and no extra fees.
REPRESENTATIVE EXAMPLE: Amount borrowed: £200 | Loan length: 3 Months (82 days) | Annual rate of interest: 292% fixed | Cost of credit £111.36 | Monthly payments: £103.79, £103.79 and £103.78. | Total payable over 3 payments: £311.36
Direct Lender Loans
Response Funding Limited, which was formerly known as Fancy a Payday, is a provider of short-term financial solutions for those with money problems or unexpected costs and expenses. Our online application process is simple and may be completed using your laptop, mobile phone, tablet and other electronic devices. If you are approved for an online loan it is likely that you may receive the total amount deposited into your bank account on the same day that you apply. We are compliant with today’s digital privacy and security requirements that keep your personal information safe and secure. Our loans extend up to a period of three months with payments automatically scheduled based on your pay date.
What is a Direct Lender Loan?
What makes our loan process different from comparison websites, is that we lend directly to our clients. When you obtain a loan directly from the lender you are avoiding the problems often associated with third-party entities and brokers. A direct lender loan allows you to avoid paying brokerage commissions and other “middleman” markup costs and fees. We strive to keep the process simple and transparent by charging a 0.8% fixed rate of daily interest. Direct lending allows you to communicate directly with the provider of capital. With no third-party involved, your personal information is more secure since it is stored and protected in one central location. In the unlikely event of changes to rates or agreement terms, you are more likely to receive earlier notification.
Why Would You Need a Direct Lender Loan?
Life is filled with unexpected or unforeseen costs and expenses that may potentially arise. People apply for cash loans from Response Funding Limited for a host of reasons such as:
- Major car repairs
- Medical bills & expenses
- To repair or replace a home appliance
- For preventing a utility disconnection
- Events such as holidays, weddings, or funerals
- If poor credit is making it difficult to get a loan or credit card
- Unforeseen child-related expenses
- An unpaid phone bill has led to a disconnection
Pros & Cons Of A Direct Lender Loan
The loan application may be completed quickly by using an electronic device of your choosing from the comfort of any location with internet access. The approval process is quick and applications may be submitted 24 hours a day. You are able to repay the loan over a span of up to three months, which allows you to better maintain all your financial obligations. Our customer service and support team is available to address any questions or concerns that may arise. Even those with bad credit may still be eligible for a loan!
Our same-day loans and direct lender loans are not appropriate for those in need of a long-term loan product. Short-term loans generally have higher interest rates than other lending options. Our online loans initially are available for up to a maximum of £125; however, subsequent loans may be higher based on various considerations.
Requirements For A Direct Lender Loan
There are some basic requirements that must be met in order to qualify for a loan. You must be 18 years old, meet residency requirements, and be able to verify your identity. You must have proof of employment income or verifiable income from another source. A current bank account that is capable of sending or receiving funds electronically is necessary. Prior financial activity and credit history may influence your ability to qualify for a loan.
Apply & Obtain a Direct Lender Loan Online Today
Apply Online Today
Do you have a need for immediate short-term funds? At Response Funding Limited we offer consumers affordable loan products with fast approval and access to the needed money. There is no long-term commitment and those with no credit or poor credit may still qualify. The application process may be completed 24 hours a day and your personal information is maintained safely and confidentially. We are a local lender that is authorised and regulated by the Financial Conduct Authority.