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Apply Online Yes
Max Loan amount £25,000
Min Loan Amount £2000
Max Repayment Term 7 Years
Min Repayment Term 2 Year
Website Address: Herewww.directline.com
Phone Number: Here 0845 300 5988
Min Age: 22
UK direct line logo

UK Direct Line Loans

1. Why should I deal with Direct Line?
Direct Line is one of the leading lenders for loans and mortgages in the UK. The company was formed in 1985 and since that time it has five million customers. You can apply for a loan by telephone or online and the company also does business in other countries, such as Germany, Italy and Spain.

2. What kinds of loans does Direct Line deal with?
Direct Line specializes in a variety of loans from £2000 to £25,000 payable over terms from 2 to 7 years. The term of the loan depends on the amount of money you borrow. The typical APR is 6.1% and when you apply online, you will have an answer within 8 hours.

3. What happened when I apply online to Direct Line?


Rate DirectLine:
Current Rate:
Rated by: 2380 People

When you apply for a loan from DirectLine, you can use the calculator on the site to determine the amount of money you wish to borrow and find out how much your monthly payments will be. You submit an application containing your information and Direct Line will respond to you confirming that they have received the application. Then you have a telephone number that you can call after 8 hours to see whether or not you were approved for the loan. Direct Line wills end you the agreement to sign the next day. The money will be transferred to your bank account within 24 hours of receipt of your signed papers.

4. If I don’t own a home, can I still get a loan from Direct Line?
Yes, none of the loans from Direct Line require your home or any other assets as collateral for the loan. All of the loans are unsecured personal loans, but you must be at least 22 years of age in order to apply for a loan.

5. Is there a penalty for paying off my loan early?
When you decide you want to pay off your loan early, you should contact Direct Line to find out how much that would be. In some cases you will have to pay the equivalent of 2 months interest and in others you would only have to pay 1 month’s interest.

6. What is an agreement in principle for a loan with Direct Line?
Your agreement in principle is valid for 30 days after you are approved for the loan. However, this is not the final agreement for the loan. You do have to sign the documents and return them and then the company does the credit checks it needs to do. So it is possible that you could get turned down for a loan even if you have an agreement in principle.

7. If I already have an existing loan with Direct Line, how can I borrow more money?
There are two ways that you can do this. You can take out another loan so that you have two monthly payments or you can refinance the existing loan to borrow more money. The second option will save you money in the amount that you have to pay each month, but it will add some years to the term of your loan.

8. What is a fixed rate mortgage from Direct Line?
A fixed rate mortgage is one in which the monthly payments stay the same for the term of the loan You can choose a 2-year or a 5-year term and know that your payments won’t change during that length of time. The APR on 2-year terms is 6% and on 5-year terms it is 5.9%.

9. What is the criteria for applying for a mortgage?
In order to apply for a mortgage with Direct Line, you must meet the following criteria:

• You must be 18 years of age or older
• You cannot borrow less than £10,000
• You have to have the mortgage paid off before you retire
• You must have property in the UK
• Direct Line has the first charge on the home
• There are no buy-to-let mortgages available

10. How can I get in contact with Direct Line?
You can visit the company website www.directline.com or use the following telephone numbers:

• Mortgages – 0845 309 1929
• Living for Less Mortgage – 0845 300 9359
• Existing Customers – 0845 309 1930

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