Rating based on 58 reviews

First Direct Loans

  • Personal loans up to £50,000
  • Low-interest starting from 21.9%
  • Repayment up to 7 years

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First Direct Loans homepage
Author First Direct Loans. Screenshot of First Direct Loans website.
[Accessed April 20, 2020]

About First Direct Loans

First Direct is a division of HSBC Bank plc which is currently a telephone and internet-based retail bank in the United Kingdom.

First Direct started operating in 1989. Ever since we started operating, as a direct lender, we have helped 1.35 million customers. We have headquarters in Leeds, West Yorkshire, England.

We are safe and secured lenders

On our premises, no one can do as they please with the money to lend people or the one being repaid bank. The First Direct money is protected by the FSCS. Choosing First Direct gives you peace of mind. You relax while your money is being taken care of.

We lead by example

At First Direct, we know that money matters, it is important to you and us too. Hence, we bring you a revolutionary branchless bank experience so you could bank from home anytime you wanted, 24 hours a day. We are currently in the process of making a positive change to the nation's attitudes and beliefs around money by challenging how people feel about their finances. We put our customer's well-being at the heart of everything we do.

First direct work is recognized

At First Direct, we are a team of dedicated individuals that have only one goal which is to serve people. Our hardworking has been recognized by many organizations. In 2019 we were recognized as the most trusted current account provider as well as the most trusted financial provider.

We offer customers competitive deals

At First Direct we strive to offer our clients the best deals in the market. Our current account comes with amazing benefits, an overdraft facility, and a satisfaction guarantee. And its quite easy to switch to it.

First Direct Loans Services

At First Direct we are for the people. All we ever do is to improve the financial status of our people.

We have the most amazing loans that you can use to take care of your personal things. Our loans are designed to suit everyone regardless of how much you earn. If only you meet the minimum wage we want, you can apply for a loan.

Affordable personal loans at First Direct

First Direct personal loan is easy, fast, and pain-free. With First Direct you can borrow from £1,000 and £50,000. However, when you apply for a loan between £7,000 and £30,000 you will have a representative 3.3% APR.

Reasonable rates at First Direct

All credits are subjected to status. The rates in your loan depend on your circumstances, credit checks, and an assessment of your financial situation. The First Direct maximum APR you could be offered is 21.9% APR. It is always a wise idea to let us know if there is an increase in outgoings or a reduction in disposable income, that could affect your ability to repay what you have borrowed over the agreed term.

Financial support for all First Direct clients

The financial support package is available to help you in times of need. In times of financial difficulties, we can help you with the following:

  • You are able to access your fixed-rate savings account early without closure charges.
  • Help you with unsecured loans by offering tailored loans to individual customer needs.
  • We allow you to apply for an increase in credit card and overdraft limits.
  • You can request a payment holiday.

First Direct Loans – Personal loan

  • Loan Type Personal loans
  • Interest Rate from 21.9%
  • Loan Amount up to £50,000
  • Repayment 1 year to 7 years

Benefits of First Direct Loans

  • Fixed monthly repayments
  • Flexibility to pay more and save on interest
  • Get immediate access to money by using the app
  • Get a loan decision within minutes

Personal loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

It's easy to apply for First Direct services

You can apply for First Direct services online or visit our offices.

We have the simplest and quickest application form that will only take you a few minutes to finish. And once you are approved you will receive your funds into your bank account within hours depending on the bank you use.

How to apply for a loan

When you need the First Direct service you can apply for a loan online on our website. When you reach our website there is a ‘apply now ‘ button. Click it and it will redirect you to the online application form. On the application form, you will fill in all your important details and attach the required documents without forgetting to state the type of loan you need even its amount and repayment term.

Criteria you need to meet before you apply

For First Direct to even consider your application, you should meet our general lending criteria which are:

  • Be over 18 years UK resident
  • Have a First Direct current account, credit card, or mortgage
  • Have not been declared bankrupt in the last 6 years
  • You have not applied for a personal loan with us within the last 28 days.

We are the best loan lenders

At First Direct, we value all our customers. We make sure that you do not take long to get your personal loan. Apply to us today and experience the following:

  • A quick decision in a few minutes.
  • You get access to your money immediately.
  • It is flexible to overpay which will reduce the amount of interest you pay.

Get hold of First Direct services

We are a service provider that is always looking forward to helping people. Hence, we are easily accessible. Our website is always up and running 24 hours, but you can also give us an on call during working days. You can also visit our Facebook, Twitter, and YouTube.

Customer Reviews & Testimonials

August 2019

I am amazed at the simplicity of the First Direct application form.

Mary Y
— London —

June 2019

First Direct came through for me when I was really struggling to pay my monthly instalment by giving me a repayment holiday.

Furry R
— England —

First Direct Loans Contact

Physical Address

Opening Hours

  • Monday 08:00 – 22:00
  • Tuesday 08:00 – 22:00
  • Wednesday 08:00 – 22:00
  • Thursday 08:00 – 22:00
  • Friday 08:00 – 22:00
  • Saturday 08:00 – 20:00
  • Sunday 09:00 – 20:00