A member of the Royal Bank of Scotland group, Direct Line offers competitive lending products for almost any purpose; whether you want to buy a new or used car, make some home improvements, go on that dream holiday, and many more.
Direct Line offers loan for amounts between £500 and £14,999. The advertised typical APR is 7.70%, fixed for the life of the loan. This allows you to maintain control of your finances by keeping your repayment amounts fixed for the duration of the loan even if interest rates rise elsewhere. Repayment periods range from 2 to 7 years, depending on how much you borrow, and there are no set-up or arrangement fees, helping to keep your total loan cost as low as possible.
If you are seeking an affordable way to borrow a small amount you may wish to consider your options elsewhere in the market. Rates for loans on smaller amounts become less competitive with Direct Line, and you may find a better deal with another lender. Compared to other lenders, Direct Line also offers less than favourable repayment options in terms of flexibility. There is no opportunity to defer payments and take a repayment holiday at any time during the loan term, and there is an early repayment fee of 30 days interest in the event that you choose to settle the loan early. Both these options are currently widely available elsewhere in the market. If they are important options for you, complete the form on this page and receive an obligation-free quote on the best deals available according to your personal circumstances and budget.