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

Who are Mr Lender?

Mr Lender is a trading name of PDL Finance Limited a direct lender based in Loughton and registered in London. Mr Lender is a direct lender provide short-term finance to customers. Anyone in need of emergency funds can apply and they are open to accepting applications from people with less than perfect credit histories. Their application process is hassle-free and designed to give you more flexibility.

a screenshot from mr lender website where you can apply for £200 cash

How much do Mr Lender allow customers to borrow?

You can apply for a loan between £200 and £1,000 with Mr Lender.

What are Mr Lender’s interest rates?

Mr Lender’s representative APR is 1241.50%, with a daily interest rate of 0.80%.

According to Mr Lender’s website, borrowing £200 over 6 months based on the above APR, using a fixed annual interest rate of 292%, would be broken down into 6 monthly payments of: £81.33, £73.23, £65.13, £57.33, £49.24 and £41.14, meaning a total repayable of £367.40.

Can you repay a Mr Lender loan early?

You can repay a Mr Lender loan at any time and you may also be entitled to a rebate. Contact the customer service team and tell them the date you would like to repay and they will send across a statement.

Do Mr Lender charge late payment fees?

Mr Lender do not charge anything more for the late payment of instalments.

How do you apply for a Mr Lender loan?

Before applying for a Mr Lender loan you need to be:

  • A UK resident
  • Aged 18 years or over
  • In work and taking home at least £600 (net) each month
  • The owner of a UK mobile number and email address
  • Able to provide a UK bank account and linked debit card
  • Not in ownership of a CCJ over the past 3 years, IVA or bankruptcy

When you apply for a Mr Lender loan you need to complete the online application form. You will have to undergo affordability assessments, credit checks and may also have to provide extra documentation to prove your address and ID.

How quickly will Mr Lender transfer the money?

Once the loan is approved the money will be sent straight to your bank account, which usually takes about an hour.

How can you contact Mr Lender?

Customers should call 020 8532 1969, which is available Monday to Friday 8am to 6.30m and on Saturdays and Sundays 8am to 3.30pm.

There is no email address, but you can send an enquiry via the contact page.

Do Mr Lender offer an app or an online account?

There is no Mr Lender app but customers do have their own online account where they can manage the loan.

Are Mr Lender on social media?

Twitter: @MrLender
Facebook: Homepage

What sort of Mr Lender reviews are there online?

On Trustpilot Mr Lender have an ‘Excellent’ rating of 4.7/5 based on 7,010 reviews, as of March 2020. They have a score of 4.9 on reviews.io based on 22895 reviews – so customers rate their service highly.

Are Mr Lender regulated by the FCA?

Mr Lender is one of the trading names for PDL Finance Limited. You can see full details on their FCA register page, which shows they have been authorised since 17/02/2016.

Mr Lender summary

Mr Lender are a direct lender providing loans to people in need of emergency cash solutions, including those with a poor credit history.

You can apply to borrow amounts between £200 and £1,000, paid back over 3 to 6 months, with a representative APR of 1245.50%, with a daily interest rate of 0.80%.

Loans can be repaid early and there are no late payment fees charged to customers.

To apply for a Mr Lender loan you must be:

  • Living in the UK
  • At least 18-years-old
  • Receiving £600 at least each month
  • Able to provide a UK mobile number and email address
  • The owner of a UK bank account and connected debit card
  • Not in ownership of a CCJ over the past 3 years, IVA or bankruptcy

Funds are transferred straight away, although there is no app available to manage their loan. You will have access to an online account to make payments and review the payment schedule.

Mr Lender has a Trustpilot rating of 4.7/5 and 4.9 on reviews.io. They are fully authorised & regulated by the FCA.

Representative 49.9% APR

Representative Example

Amount borrowed: £1200 for 18 months
Number of repayments: 18
Interest rate p/a: 49.9% (variable)
Each repayment amount: £90.46
Total amount repayable: £1628.28

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

Lenders

Get your personalised quote today!