Direct Lender Loans
Direct lender loans give you a simple, honest way to borrow money without going through a broker. Monixa is an FCA authorised direct lender offering short term loans from £200 - £1,500. Bad credit considered. No hidden fees, no broker fees. Apply online and get a decision in seconds.
Representative APR 1230%
Loan calculator
Select your amount and term to see example repayments.
Representative Example: Given a Representative APR of 1230%, if you borrow £300 over 6 months at 292% p.a. (fixed), you would owe 6 equal repayments of £100. You will repay £600 in total.
Quick summary
- Borrow £200 to £1,500
- Repay over 4 to 6 months
- Soft search eligibility check
- No hidden fees or early repayment penalties
Please be aware that the figures displayed are an example. The amounts applicable to your loan may differ depending on the length of time between the date of the loan and the first repayment.
Representative APR 1230%
Applying won't affect your credit score (unless you actually take out a loan).
Why Choose Monixa for Direct Lender Loans?
Direct Lender
A direct lender lends you money directly. No brokers, no third parties. With Monixa, you apply with us, get approved by us, and repay us. The entire process stays between you and us. That means fewer delays and no unnecessary broker involvement.
Borrow £200 to £1500 with Instant Decisions
You can borrow between £200 - £1,500 depending on your financial circumstances and income. Our application process takes minutes, and most customers receive an instant decision. If approved, cash is sent to your bank within 90 seconds†.
Flexible Repayments Over 4 to 6 Months
Repay your loan over 4 to 6 monthly instalments. Unlike payday loans that demand everything by your next payday, Monixa gives you time to repay with smaller, manageable monthly repayments. These are flexible loans built around your budget.
No Hidden Fees or Early Repayment Penalties
There are no hidden fees, no hidden costs, and no early repayment penalties with Monixa. If you want to repay early, you can, and you will save on interest. What we quote is what you pay. No nasty surprises, ever.
Monixa is an FCA Authorised Direct Lender
Monixa is authorised and regulated by the Financial Conduct Authority (FCA). Our registration number is 672828. This means we follow strict responsible lending rules to protect you at every stage. We carry out affordability checks before offering any loan to make sure repayments fit your current financial situation. Unlike some lenders or brokers who cut corners, Monixa puts your wellbeing first. We use open banking technology to review your income and spending in real time, giving us a clearer picture of what you can afford. Responsible lending is not just a policy for us. It shapes every decision we make.
Representative APR 1230%
What Our Customers Say About Us?
Representative APR 1230%
What Are Direct Lender Loans?
Direct lender loans are loans you get straight from the company lending you the money. There is no broker or middleman involved. When you apply for a direct lender loan, the lender handles everything from application to repayment. This is different from using a broker, who passes your details to multiple lenders, sometimes without you knowing.
Many direct lenders in the UK offer short term loans as an alternative to payday loans. Short term loans from a direct lender come with clearer terms, fixed interest rates, and repayments spread over several months rather than one lump sum on your next payday.
Direct Lender vs Broker - What's the Difference?
A direct lender like Monixa lends you money from their own funds. A broker does not lend at all, they collect your details and pass them to other lenders on a panel, often charging broker fees on top. Here is a quick comparison:
| Direct Lender | Broker | |
|---|---|---|
| Who lends? | The company itself (e.g. Monixa) | Third-party lenders on a panel |
| Fees | No broker fees | May charge broker fees |
| Data sharing | Your details stay with one lender | Data shared with multiple companies |
| Speed | Faster decisions, cash to your account quickly | Slower, extra steps involved |
| Control | You deal with one company throughout | Less control over who handles your loan |
Direct loan lenders like Monixa handle everything in-house. For short term loans and quick loans, direct lender loans are often faster and cheaper than going through a broker.
Representative APR 1230%
Who Can Apply for a Direct Lender Loan with Monixa?
Our eligibility criteria are simple and transparent. Most UK adults can apply for a direct lender loan with Monixa as long as they meet the following requirements:
Be aged 18 or over
Be a UK resident with a valid UK bank account
Have a regular source of income from employment
Have an active mobile number and email address
We carry out a credit check as part of our application process, but we do not base our decision on just your credit score alone. We also look at your credit history, your income, and your overall ability to repay. Even if you have a poor credit history or past credit history issues, we still consider your application. Meeting the eligibility criteria does not guarantee approval. All applications go through affordability checks and are subject to status.
Representative APR 1230%
How to Apply for a Direct Lender Loan with Monixa?
The application process is quick and simple. You can apply online 24/7, including weekends and bank holidays.
Here is how it works:
Choose your loan amount
Select how much you want to borrow (£200 to £1,500) and your preferred repayment term (4 to 6 months).
Complete the online application
Fill in your personal details, income, expenses, and the loan amount you need. The online application takes just a few minutes.
Get an instant decision
We use open banking data and our own checks to assess your application. Most customers receive a decision in seconds.
Receive your loan offer
If your application is approved, you receive a full breakdown of your monthly repayments, maximum apr (annual percentage rate), repayment schedule, and the total cost of your short term loan.
Receive your cash
If you accept the offer, the funds will be sent to your bank within 90 seconds†.
It is a convenient way to access cash when you need it. Our direct lender loans keep the entire process between you and Monixa. No broker, no delays. New customers and returning customers are both welcome to apply.
Representative APR 1230%
How Much Can You Borrow With a Direct Lender in the UK?
With Monixa, you can borrow from £200 to £1,500. New customers can typically borrow up to £1,000, while returning customers may apply for higher amounts. The loan amount you are offered depends on your income, credit score, and affordability checks. All our loans come with fixed monthly repayments over 4 to 6 months. Your interest rate is fixed from the start, so your repayments never change.
Representative example: Given a Representative APR of 1230%, if you borrow £300 over 6 months at 292% p.a. (fixed), you would owe 6 equal repayments of £99.71. You will repay £598.25 in total.
Different lenders charge different interest rates. Always compare repayment terms and the total repayment amount before committing. Short term loans from Monixa are designed to be affordable and transparent.
Representative APR 1230%
What To Look for When Applying for a Loan With a Direct Lender?
Not all direct loan lenders are the same. Before you commit to any loan, here are the key things worth checking:
FCA authorisation: Make sure the lender is regulated by the Financial Conduct Authority. This protects you if anything goes wrong.
Total cost of borrowing: Look at the interest rate and total repayment amount, not just the monthly figure. A clear representative example should always be shown.
Hidden charges: Check for hidden fees or unexpected costs buried in the terms. A trustworthy lender will be upfront about everything.
Early repayment policy: Ask whether there are charges for early repayment or late repayments. With Monixa, there are none.
Lender or broker: Confirm you are dealing with a real direct lender and not a broker pretending to be one.
A good direct lender will offer transparent terms and responsible lending practices. Monixa ticks every box. Our short term loans come with no hidden costs and no surprises.
What If I Can't Repay My Loan to the Direct Lender?
If you are facing financial difficulties and cannot keep up with your repayments, please contact our friendly team as soon as possible. We understand that money problems can happen to anyone, and we will work with you to find a realistic solution. This may include adjusting your repayment terms or offering a short breathing space.
Late repayments can cause serious money problems and may affect your credit file. They can also appear on your credit score, making it harder to borrow in the future. Monixa follows strict responsible lending practices. We would rather help you through financial difficulties than add to them.
Representative APR 1230%
Frequently Asked Questions About Direct Lender Loans
Can I Get a Loan from a Direct Lender if I Have a Bad Credit?
Yes. Monixa considers applicants with bad credit. We look at your full credit history, income, and spending, not just your credit score. A poor credit history does not automatically mean you will be declined. Many direct lenders turn people away based on credit alone, but we assess your full picture.
Will Applying With Monixa Affect My Credit Score?
Applying will not affect your credit score. We run an initial soft credit check that leaves no mark on your credit file. A hard search is only recorded if you accept a loan offer and proceed. So you can check your options without any risk to your credit.
Can I Repay My Loan Early With Monixa?
Yes, you can repay early at any time with no extra charges. Early repayment means you pay less interest overall. There are no penalties for clearing your balance ahead of schedule. Many of our customers choose to repay sooner when their money situation improves.
Is It Better to Apply for a Loan With a Direct Lender?
Many borrowers prefer direct lenders because there are no broker fees, faster decisions, and you deal with one company throughout. Direct lender loans also tend to offer clearer repayment terms compared to applying through a broker. You stay in control of the entire process.
Can I Get a Loan from Direct Lenders If I am On Benefits?
Some direct lenders in the UK do accept applicants who receive benefits as their main income, subject to affordability checks and individual financial circumstances. However, Monixa does not currently offer loans to people whose sole income comes from benefits. We require applicants to have a regular earned income to qualify.
Can I Get a Loan from Direct Lenders If I am Self Employed?
Yes. Self-employed applicants are welcome to apply. We use open banking technology to verify your income, so you do not need traditional payslips. As long as you can afford the repayments, self-employment is not a barrier.