Our Lenders
We work with trusted brokers to give you access to a panel of leading lenders well placed to meet your needs at the lowest rates.
A direct lender is an organisation that offers loans to borrowers for a range of different borrowing needs. They are financial institutions, offering help to those who need it without operating through brokers and other intermediaries. Direct lenders can often be banks, however they can also be other financial organisations that simply specialise in financial lending.
Who are Proper Finance’s direct lenders?
Proper Finance work with over 100 partners in both insurance and loans. Each one of our direct lenders has been fully vetted to ensure they all hold a valid credit license, and are authorised by the UK’s financial watchdog the FCA (Financial Conduct Authority). Proper Finance have spent years accumulating a list of some of the UK’s leading lenders in order to provide our customers with the best possible loans from some of the best possible financial institutions in the country.
What types of loans do they provide?
There are numerous different loans that our partners can provide, this diversity helping to support more and more people though a variety of different financial struggles. Some of the direct lenders Proper Finance work with offer financial support in the following areas:
- Homeowner loans – a second mortgage which can be used to fund numerous different financial aspects of a borrower’s life (e.g. a wedding or home improvements).
- Personal loans – an unsecured loan typically used for lifestyle purposes much like those that can be used for a homeowner loan (e.g. wedding or home improvements).
- Guarantor loans – a loan for borrowers who would otherwise not be accepted for a loan, the guarantor acting as a safety net, who will keep up with repayments if the borrower fails to do so. These can be used for numerous different aspects of a borrower’s life, such as funding education, a wedding, or even consolidating debt.
By working with a diverse group of different lenders, Proper Finance can help borrowers to find the loan that’s right for them.
Why apply for a loan with Proper Finance’s direct lenders?
Proper Finance prides itself on working with some of the leading lenders in the country. Having spent years building up a list of top-quality partners helping to financially support people through a variety of different financial struggles. We work with lenders who also support a variety of different borrowers; from those with excellent credit ratings to those with a score that’s not exactly perfect, from homeowners looking to take out a second mortgage to those needing a guarantor to complete their loan.
Proper Finance will also only work with those who are in keeping with the relevant rules and regulations, all lenders holding a valid credit license and being authorised by the FCA. This means that any lender we offer up to you will be a reputable and trustworthy lender that abides by the UK’s lending regulations.
How to apply for a loan with Proper Finance’s direct lenders?
Users will simply have to fill in one of our online applications to find out the loans that will be right for them. Our online application only takes 5 minutes to complete, and applicants will receive an instant decision upon completion. Successful applicants can receive funds from lenders the day, or even sometimes within the hour, of completing the application.
After filling in an online application with Proper Finance, one of our members of staff from the loans team will give you a quick call before scouring the market to find the best deals for you based of the information provided to us. After this, if you are comfortable to go through with the recommended lender, we’ll then take care of all the paperwork and organise for the funds to be deposited into the chosen account.