Home Will I be approved? Apply Guides Contact us Home » Lenders vs Brokers Lenders vs Brokers When searching for a loan, many people may wonder if it is best to apply with a direct lender or a broker. Here is some information that may help you decide. We have all faced unexpected expenses at inconvenient times. It can be a household emergency, such as a boiler breaking down, or an important car repair you can’t afford to postpone. Often, when something arises, we haven’t budgeted for it can leave us short of money. Some of us will turn to friends or family, but they aren’t always able to help, even if they’d like to. When people find themselves in this situation, they’ll often turn to Google and search for things like short-term loans, emergency money, payday loans etc. Depending on the exact search term you use, you are likely to be shown Lending Stream, Sunny, Satsuma, Uncle Buck and Peachy amongst the results. These are all known as direct lenders, as they borrow the money to you directly. Other companies you may come across, are brokers of payday and short-term loans. A broker’s website may look identical to a direct lender, providing lots of useful information and allowing you to apply for a loan and receive an instant decision. More questions? We've got you covered What's the difference between brokers and lenders? What are the pros and cons? Can there be a big difference between APR rates? Is a payday loan right for you? Who is Lending Stream? Who is Sunny Loans? Who is Satsuma Loans? Who is Peachy Loans? Who is Uncle Buck Loans? Who is Wonga? Who are Quick Quid, Pounds to Pocket and OnStride? Loan guides These guides will help you find out more about the different types of loan and lenders available. MANAGING YOUR MONEY PRIORITISING YOUR DEBTS JARGON BUSTER IMPROVING YOUR CREDIT SCORE HOW TO BUDGET WHAT IS APR? ALL GUIDES How it Works We know you need your money as soon as possible. That’s why we do everything we can to make the process fast and simple. APPLY ONLINE Fill out our short, secure form and search our industry-leading panel of lenders to find your loan. CHECK YOUR OFFER Once you have your offer from the lender, you can review the offer and get your cash. GET YOUR MONEY Your money can often be paid into your account within just 10 minutes.* Ready to Get Started? How much do you need? GET YOUR QUOTE No obligation, 100% secure. Trustpilot Instant quote with no credit check† and no fees. Small loans can be sent by 1:56pm today.* Over 4500 no obligation quotes processed every single day!^ Payday UK is a registered trading name of Payday Loans Ltd who are an introducer appointed representative of Flux Funding Limited, who are a credit broker, not a lender. Registered in England and Wales (Company number 12430457 / FRN 921539). Licenced by the Information Commissioners Office, (registration number ZA654345). Registered Office: Payday Loans Limited, The Charter Building, Charter Place, Uxbridge, UB8 1JG. Flux Funding is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 806333. †Payday UK will not perform a credit check, lenders will complete a soft search when assessing your eligibility for a loan. If you accept a lender’s loan offer, they will perform a hard credit search. *Subject to lenders requirements and approval. Once approved, your cash could be sent within 10 minutes. The time that it takes for the cash to be received in your account will depend on your bank’s policies and procedures. **Based on the average number of applications in February 2020. ^The average number of daily loan quotes processed by Flux Funding Limited between 1st July and 30th September 2019. Payday UK does not charge customers a fee for using its services, but it receives a commission from lenders or other brokers if a customer enters into a consumer credit agreement following an introduction through this website. Payday Loans Privacy Policy Terms Acceptable Use Cookie Policy Responsible Lending Complaints Loan Types Payday Loans Direct Lenders Bad Credit Loans Small Loans Loans Without Guarantor Instant Payday Loans Quick Loans Short Term Loans Bad Credit Short Term Loans 1 month 6 months 12 months