Sites like Mr Lender

Mr Lender is a direct lender providing flexible instalment payday loans that are paid back over 3–6 months. Here’s our list of sites offering similar loans.

Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk.

Please note: High-cost short-term credit is unsuitable for sustained borrowing over long periods and would be expensive as a means of longer-term borrowing.

Online lenders that offer similar loans to Mr Lender

NameEstablishedLoan types
Mr Lender Short Term Loan Mr Lender Short Term Loan 2009 Instalment loans Go to site
Lending Stream Instalment Loan Lending Stream Instalment Loan 2008 Instalment loans Go to site
Moneyboat Short Term Loan Moneyboat Short Term Loan 2011 Instalment loans Go to site
QuidMarket Short Term Loan QuidMarket Short Term Loan 2011 Instalment Loans Go to site
Conduit Short Term Loan Conduit Short Term Loan 2012 Instalment loans Check eligibility

While Wonga was probably the most well-known payday lender, a decent number of other companies are still around to offer a similar service – typically with bizarre brand names, behind which are more traditional companies like “PDL Finance Limited”.

Mr Lender’s short term loans come with no fees attached but a high interest rate. Borrowers can apply for up to £1,000 over terms ranging from three to six months. Unlike the loans from almost all other lenders in this space, with a Mr Lender loan, the size of your monthly repayment will decrease as you progress through the term of the loan.

Mr Lender alternatives: A closer look

Lending Stream logo

Lending Stream

Lending Stream (visit site) is a direct lender (not a broker), which, like Mr Lender, offers instalment loans – but of up to £1,500 over terms of up to 6 months. That's £500 more than Mr Lender (although for new customers the maximum is £800) but with a higher representative APR of 1,333%. While Mr Lender loans come with decreasing monthly repayments, Lending Stream loans come with level monthly repayments. As with Mr Lender, you can repay early at any point.

Lending Stream representative example: Borrow £200 for 6 months at a rate of 292% p.a. (fixed). Representative 1,333% APR and total payable £386.61 in 6 monthly payments of £64.44.

Moneyboat logo

Moneyboat

Next up, Moneyboat (visit site) is also a direct lender, which, like Mr Lender, offers instalment loans – but of up to £1,500 over terms of up to 6 months. That's £500 more than Mr Lender (although for first-time users the maximum is £800) but with a higher representative APR of 939.5%. Moneyboat loans come with level monthly repayments. You can repay early at any point.

Moneyboat representative example: Borrow £400 for 4 months at a rate of 255.5% p.a. (fixed). Representative APR 939.5% and total payable: £597.48 in 4 payments of £149.37.

QuidMarket logo

QuidMarket

QuidMarket (visit site) is another direct lender, which, like Mr Lender, offers instalment loans – but of up to £1,500 over terms of up to 6 months. That's £500 more than Mr Lender but with a higher representative APR of 1,301%. QuidMarket loans come with level monthly repayments. You can repay early at any point.

QuidMarket representative example: Borrow £300 for 3 months at a rate of 292% p.a. (fixed). Representative APR 1,301% and total payable: £454.37 in 3 instalments of £151.46.

Conduit logo

Conduit

Finally, Conduit (check eligibility) is our last direct lender, which, like Mr Lender, offers instalment loans – but of up to £1,500 over longer terms of up to 18 months. That's £500 more than Mr Lender but with a higher representative APR of 171.94%. Conduit loans come with level monthly repayments.

Conduit representative example: Borrow £500 for 39 weeks at a rate of 92.27% p.a. (variable) with a 3% variable admin fee of £15. Representative APR 171.94% and total payable: £720.12 in 52 weekly payments of £18.08.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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