Mr Lender

Mr Lender, short-term loans in the UK

Mr Lender is a trading name of PDL Finance Limited, company number 06738633, registered office at 2 Leman Street, London, E1W 9US, United Kingdom. The entity is authorised and regulated by the Financial Conduct Authority (FCA) under registration number 673310, and its ICO data protection number is Z1575177.

Credit products and terms

The company offers short-term loans from £200 to £1,000, with repayment periods ranging from 3 to 6 months. For loans of £500 to £1,000, the term is limited to 6 months. First-time applicants may be eligible for up to £500, while those who have borrowed before can access higher amounts. The loan can be repaid early at any time.

The site includes a calculator that allows you to select the amount, term and payment frequency, and shows the instalment schedule with the corresponding dates and amounts. As a representative example, the site itself states that a £200 loan over 6 months is repaid in six payments of £81.33, £73.23, £65.13, £57.33, £49.24 and £41.14, with a total repayable of £367.40. The interest rate is 0.80% per day on outstanding capital, equivalent to 292% per annum (fixed), with a representative APR of 1,256.0% and a maximum APR of 1,462.3%.

No upfront fees or late fees

The entity does not charge arrangement fees or late payment penalties. Approval of applications is subject to credit checks and an affordability assessment in line with responsible lending criteria. The company warns that high-cost short-term credit is not a suitable solution for people in financial difficulty or for longer-term borrowing needs, and that missed payments may be reported to credit reference agencies, with possible effects on future credit ratings.

Application and disbursement

The application process is carried out through the website. The company states that, once the operation is approved, funds are usually transferred to the customer's bank account within one hour. The company indicates that it may contact the applicant as an additional check and that it does not guarantee approval of any application.

Ratings and awards

According to data published by the company itself, more than 41,112 customers have rated its service 5 stars on Reviews.co.uk, Trustpilot and Google, and 97% of overall ratings give 4 stars or more. At the 2020 Credit Awards, Mr Lender received the Alternative Lender of the Year award. The company has also been a finalist in the Credit Today Awards for two consecutive years and in the 2019 Consumer Credit Awards.

Customer service and opening hours

The company is open Monday to Friday from 8:00am to 6:30pm, and Saturday and Sunday from 8:00am to 3:30pm. On public holidays, the hours are 9:00am to 3:00pm. The website has a contact form and an FAQ section with information on the application process, credit checks and financing alternatives.

Location and contact

2 Leman Street, London, E1W 9US, UK