What is a loan broker?

A loan broker is a financial professional prepared to match qualified clients with reputable lenders, in order to establish the completion of secured or unsecured loans. When shopping for the best rates offered in the UK for payday loans, a loan broker will assist the borrower in finding an established lending institution, which will provide an affordable secured or unsecured loan option, based on individual needs and ability to repay.

  • Challenging Credit History

    For individuals that have experienced default’s, past payment problems, or simply have experienced an unexpected change in their finances, a loan broker will assist in finding lending institutions that can approve a much needed loan.

  • Use of loans

    • A loan broker can make a compatible match between lenders and clients for car loans, debt consolidation, second mortgages, first time buyers, home equity, business loans, weddings, home improvements, student loans or any other personal need an individual may have.

  • Changing times

    • Partnering with a knowledgeable loan broker will allow the borrower to rest in knowing that they will be kept current on changing industry standards and lending options.

  • Choosing a loan broker

    • Many established lending institutions provide their clients with a professional staff of loan brokers. You may choose your broker from within the institutions pool, or seek for a more suitable match for your needs.

It should be understood that loan brokers charge a varying fee while matching borrowers and lenders and handles the necessary applications for the borrower to obtain a loan. Loan brokers are certified in their area of expertise, while offering a wide variety of financial loan and leasing services. As most people are not familiar with the finance industry, and are only familiar with their local bank(s), being involved with a reputable loan broker, will open financial avenues, unknown to the lay person.

If a borrower cannot make a deal with their local bank, they may contact a loan broker often online who can more readily introduce them to many other qualified, professional lenders who are more flexible than traditional banks and offer competitive rates.

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Terms and Conditions apply. Finance charge will be between £10 and £15 per £50 borrowed. Fees displayed are typical but cannot be guaranteed. Your actual rates may vary based on your circumstances and the lender we select. Representative APR (Annual Percentage Rate of charge): 1355% to 3762%. The APR includes important factors such as the interest rate you must pay; how you repay the loan; the length of the loan agreement (or term); frequency and timing of installment payments; and amount of each payment. Loan amounts are based on consumer's credit history and ability to repay loan. Funds will be deposited the same working day, if approved by 14:30. Approval may take up to 30 minutes in most cases. Payday advances should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counselling.

PayDayFinancial.co.uk is not a lending or banking institution and it does not broker loans to lending institutions. The personal information you provide will be provided to a third party lender to provide you with a loan application and the potential to receive a loan. PayDayFinancial.co.uk makes no guarantees or warranties with regards to the availability of a loan or any other aspect of the terms and conditions of the lending institution. This web site places no value to this service. For details, questions, or concerns regarding your unsecured cash loan please contact the lending institution directly. Not all lenders can provide up to £750. Cash transfer time may vary between lenders. We assume no responsibility for the services or information you may receive from the lender. All loans are subject to credit approval. Certain limitations apply.

Disclaimer: As a condition of extending credit, some lenders you may be matched with may run a credit check from a major credit reporting bureau.

PayDayFinancial.co.uk is a trading name of 9Global, Inc. Registered Office: Communications House, 26, York Street, London, W1U 6PZ. 9Global, Inc. is licensed under the Consumer Credit Act 1974 / Licence number: 0620071 and the Data Protection Act / Registration number: Z1419480