Direct Line

Direct Line are a clearly recognisable brand with their big red logo featuring a telephone with wheels (presumably giving potential customers a visual insight into their personal loans service (i.e telephone accessible and fast).

Unlike some of the financial institutions in the UK providing personal loans, Direct Line are quite a new company tracing their beginnings back to nineteen eighty five where they did not offer the range of services like loans, home insurance etc like they do now. Their solitary product was motor insurance. From this little acorn a mighty oak grew and now they offer wide portfolio of financial services, including personal loans, providing for over five million customers. They do not have offices where customers can visit, preferring instead to do business over the phone, or via the internet, the latter probably being one of the key factors in their more recent growth.

Direct Line are currently offering an annual percentage rate of six percent on their personal loans. This rate is fixed, which makes for ease in financial planning. As the rate cannot fluctuate you know exactly what your monthly payments will be with no changes – so budgeting is that much easier than a rate which can go up and down. Personal loans customer can borrow from two thousand to twenty five thousand pounds. This is quite a wide range so Direct Line can be considered for financial a wide range of purchases or uses from home improvements to buying a new car (perhaps you’ve got your eye on that latest red sporty number!). Also available with Direct Line is payment protection for your personal loan. Should you fall ill or become unemployed then unfortunately your payments to the company would still be necessary. Without this type of cover you could find payments a struggle, should the worst happen. So if you require added peace of mind this is a great addition to their portfolio of services and direct Line can arrange this for you.

The application process online is itself quite simple and shouldn’t take very long at all for you to complete. Simply provide some basic information (such as contact details and personal circumstances) and you can be on your way to a personal loan quote. A telephone number is also available if you prefer to speak to an advisor.