THL Direct short-term loans review

THL Direct offers short-term loans of £125-£500, or up to £125 for first-time customers, over 3 months. You can choose to pay weekly or monthly to help you budget according to your payday.

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THL Direct
Based in Wimborne, Dorset, THL Direct allows you to apply for a short-term loan online or over the phone. With loans available over three months only, THL Direct does not offer the same flexibility as some of its competitors in this market. However, you can repay your loan early at any time without being charged a fee and will only be charged interest for the time you owed money.

THL Direct is authorised and regulated by the Financial Conduct Authority.

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

How do the THL Direct loans compare?

Table: promoted deals, sorted by total payable
It’s important to compare the market before you take a personal loan. If you’ve used THL Direct loan calculator to get a quote and want to see if you’re getting a good deal, find out how much a comparable loan is likely to cost you from some popular short-term lenders:

How much do you need to borrow?


How long do you need to borrow for?


Name Product Available Amounts Monthly repayment Total payable Link
Lending Stream Instalment Loan
£50 to £1,500
Go to site
More Info
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.
Savvy.co.uk Personal Loan
£300 to £3,000
Go to site
More Info
Representative example: Borrow £1,000 for 12 months at a rate of 152.33% p.a. (fixed). Representative 352.7% APR and total payable £1,999.92 in 12 monthly payments of £166.66.
The Money Platform Short Term Loan
£250 to £1,000
Check eligibility
More Info
Representative example: Borrow £500 for 6 weeks at a rate of 255.5% p.a. Representative APR 839.20% and total payable: £647 in 1 payment.
QuidMarket Short Term Loan
£300 to £1,500
Go to site
More Info
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.
CASH4UNOW Short Term Loan
£150 to £1,000
Check eligibility
More Info
Representative example: Borrow £200 for 4 months at a rate of 292% p.a. (fixed). Representative APR 1314% and total payable: £332.00, in 4 payments of £83.00.
Mr Lender Short Term Loan
£200 to £1,000
Go to site
More Info
Representative example: Borrow £200 for 6 months at a rate of 292% p.a. (fixed). Representative APR 1,248.3% and total payable £367.40 in payments of £81.33, £73.23, £65.13, £57.33, £49.24 and £41.14.
With this loan your monthly repayment decreases over time. Our 'Monthly repayment' above is a representative figure designed to help compare lenders side by side.
Moneyboat Short Term Loan
£200 to £1,500
Go to site
More Info
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.
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Compare up to 4 providers

Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

We compare payday/short-term loans from

Lending Stream Instalment Loan
Savvy.co.uk Personal Loan
The Money Platform Short Term Loan
QuidMarket Short Term Loan
CASH4UNOW Short Term Loan
Mr Lender Short Term Loan
Moneyboat Short Term Loan

Key features of a THL Direct loan

Product NameTHL Direct Short Term Loan
Available Amounts£125 to £500
New customer maximum£125
Loan termsto 3 months
Soft search eligibility check
Funding speedTHL Direct says that if your application is approved, the money should be in your bank account the same day.
Repayment period optionsMonthly,Weekly
Default repayment methodContinuous payment authority
Repay early at any point
FCA registration number673015
LinkMore Info

How does a THL Direct loan work?

  1. Use the sliders on the lender’s homepage to choose how much you would like to borrow.
  2. The repayments are set at 3 months.
  3. Fill out the online application form with your personal, financial and employment information. This should only take a few minutes.
  4. THL Direct will perform a credit check on your details. An advisor will then contact you to give you a decision on a loan and tell you how much you are able to borrow.
  5. If you’re approved, the money should be in your bank account on the same day.

How do I pay back my loan?

Like most short-term loan providers, THL Direct uses a Continuous Payment Authority (CPA) to collect the repayments from your bank account on your chosen dates.

What is a Continuous Payment Authority (CPA)?

A CPA is a recurring payment in which you give a company permission to withdraw money from your account on a regular basis.

CPAs differ from direct debits because they give the company being paid the ability to withdraw money from your account whenever it wantsa, and to take payments of different amounts without consulting you.

Most “payday” loan companies will use CPAs to collect your repayments, although you can cancel this at any point by either contacting your provider or your bank.

What are the eligibility requirements?

You should only apply for a THL Direct loan if you are certain you can meet the repayment terms. You must also:

  • Be at least 21 years old
  • Have a UK bank account with direct debit facilities
  • Be a UK resident
  • Earn at least £900 a month and have it paid into your bank account
  • Be in permanent employment

Early repayment options

Repay early at any point
Repaying early can reduce overall interest
Interest is only applied to days where funds are outstanding
Phone number0330 223 0177
LinkMore Info

Is high-cost, short-term borrowing a good idea?

Short-term or “payday” loans from companies like THL Direct offer a quick fix when you get into unexpected trouble with your finances, but they are a very expensive method of borrowing. Therefore, you should only consider this option as a last resort. Short-term loans are unlikely to solve your money problems in the long term, and are not suitable for borrowing over longer periods, or for people with serious debt problems.

Before you apply for a short-term loan, make sure you have considered all other options carefully. Is the expenditure that you’re planning a necessity? If you can put off a purchase even for a few months then you could save yourself money in the long run. If you are struggling to pay a bill, then try talking to your electricity, gas, phone or water provider to see if you can work out a payment plan. Read more about alternatives to payday loans at moneyadviceservice.org.uk.

Did you know?

In 2015 the Financial Conduct authority (FCA) capped interest and fees on all high-cost short-term credit loans at 0.8% per day.

It also capped all default charges at £15 and the total cost (interest, fees) of loans at 100% of the original sum. This means you’ll never have to pay more than double the amount borrowed.

Alternatives to THL Direct

Alternatively here are some sites providing loans like THL Direct loans:

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

NameEstablishedLoan types
THL Direct Short Term Loan THL Direct Short Term Loan 2008 Instalment loans More info
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
Mr Lender Short Term Loan Mr Lender Short Term Loan 2009 Instalment loans Go to site
Savvy.co.uk Personal Loan Savvy.co.uk Personal Loan 2015 Instalment loans Go to site
CASH4UNOW Short Term Loan CASH4UNOW Short Term Loan 2011 Instalment loans Check eligibility
Conduit Short Term Loan Conduit Short Term Loan 2012 Instalment loans Check eligibility

Frequently asked questions

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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