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

Please note: We are a broker, not a lender, and do not make credit decisions.

Rates from 35.9% APR to max 1304% APR. Minimum Loan Length is 3 months. Maximum Loan Length is 36 months. Representative Example: £250 borrowed for 3 months. Total amount repayable is £411.63 in 3 monthly instalments of £137.21. Interest charged is £161.63, annual interest rate of 292% (fixed). Representative 1192% APR (variable).

Subject to application being approved by the lender. Not all lenders are able to provide up to £5000

We are on the FCA register please see here


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£50 Payday loans Direct Lenders Paid out in 15 Minutes*

Here at 1st Class Loans, we can offer £50 payday loans from direct lenders. We quote 15 minutes payout but they are usually paid out in 90 seconds but can take up to 24 hours depending which direct lender you get matched with.

We will give you the full guide on £50 pound loans and explain the difference from direct lenders and brokers.

£50 payday loan direct lender

Is 1st Class Loans a £50 loan direct lender?

No, we can offer a £50 loan, but we are not a £50 loan direct lender. We are a broker which works with FCA approved direct lenders who can borrow £50 to you.

If you are getting a loan as small as £50, these are called payday loans or short term loans. You can’t get personal loans this small.

Usually, with these small loans, the interest rate is higher. Although the FCA capped the interest rate, you will more than likely be charged the full capped interest rate. This is because £50 payday loans are so small, these direct lender will charge the maximum to make it worthwhile for them.

Can I get a £50 loan on benefits?

Some £50 payday loan direct lenders will still accept you if you are on benefits. For more information about loans on benefits click the link.

Payday Loans in minutes

If you are searching for “loans UK 15 mins” we’ll explain how the payout works. Usually, £50 loan direct lenders will quote money in minutes or loans paid out in 15 minutes. This is true, with the internet and internet banking these days, the money can be transferred that fast.

£50 loan paid out in 15 minutes

This all depends on which lender you get matched with. However, most payday loans direct lenders will transfer the money the same day. This is sometimes criticised as it makes getting a £50 loan to easy and tempting.

Remember, if you are struggling financially, please seek financial help from a debt charity. We recommend Step Change.

 

 

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