Payday Loans Direct Lenders Offering Low Rate Of Interest

Aug. 15, 2012 - PRLog -- When you have decided to get paycheck advance, the best possible way is to go with direct loans. There are two types of lenders who can give you payday loans, one is direct lenders and second is loan brokers. Direct payday loan is directly related to the main source and you get loan directly from source.

Payday loans direct lenders are actual people who provide loan to you. Loan brokers are only mediators which transfers money from lender to the applicant. These brokers are like workers for lending companies and they work between lender and borrower. They get their fees from lender which is indirectly taken from borrower so the fees are usually higher in this case where as in direct lenders, there are no mediators whom lender have to pay fees, so the fees charged is less. This is the reason why payday loans direct loan lenders offer much low interest rates as compared to brokers. So it is better to know which type of lender you are dealing with.

Not only interest rates are low in direct payday loans but it is also simple and quick. You can apply online with any online lender as there are lots of lenders who are available for 24/7 on internet. You have to fill an application form which will take few minutes and once approved, the money will be transferred to account within a few hours. All these are like one day procedure. Like other payday loan it is also given for 15 to 30 days and you have to return it on your next payday. When the loan comes due, the lender will withdraw money from your account and transaction will be completed after that. You don’t even have to go to return your loan.
 
Only thing you have to keep in mind is never to go for brokers and always check the terms and conditions of the lender so that you will not get trapped in any hidden clause. You will save lots of money by choosing right lender. Next time when you get stuck in any financial problem, go for online direct lenders and apply for payday loans.
-------
visit here -
Direct Line pay day loan
http://www.directlinepaydayloans.com