Direct lenders, no brokers
Finding loans direct from lenders
When looking for a loan, you normally have two options: you either contact a loan broker to help you find the best deal, or contact lenders directly to see what deals they are willing to offer you.
By going direct to lenders, you avoid paying broker fees and retain complete control over the process. However, contacting lenders by yourself can be time-consuming and confusing, which is why many prefer to use a loan broker.
What does a loan broker do?
It is a loan broker’s job to know the loans market back-to-front, meaning they know all the top lenders and the different types of loans, lending criteria and interest rates they offer. That way, when a client contacts them looking for a loan, they can quickly identify the best deal for them.
This saves time and makes it easier for borrowers to find a good deal, but there are also other advantages. Brokers normally have access to specialist and private lenders, so they may be able to offer solutions that you would not be able to access yourself.
They also understand all the aspects of loans and the application process, so they can help you avoid any hidden pitfalls which could end up costing you extra time or money.
Ultimately, the decision whether to use a broker or not is up to you and depends upon your priorities.
Compare deals from direct lenders, no brokers
While you may want to avoid using a loan broker, it is still a good idea to compare loan deals from as many different lenders as possible. That way you can find the money you need at the best possible rate, so you end up paying the least you can in interest.
Our free loan calculator lets you choose the amount you want to borrow, how long for and why, then shows you the best deals from all the leading lenders. You can then contact lenders directly to discuss the loan you are interested in, allowing you the chance to get a great deal.