Lending Stream Short-Term Loan
by Lending Stream
Lending Stream offers short-term personal loans between £50 and £1,500 with APRs ranging from 99.9% to 1,333% for UK residents.
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Our Verdict
Lending Stream provides quick access to cash, with approvals in minutes. However, the high APRs make these loans expensive, especially for larger amounts or longer terms.
Pros
- Fast approval process
- Accessible to those with bad credit
- Flexible borrowing amounts
Cons
- Extremely high APRs
- Total repayment amounts can be substantial
- Not all applications are approved
Lending Stream aims to assist those who may not qualify for traditional credit. With loans from £50 to £1,500, the company is accessible to many. However, the representative APR of 1,271% is steep, indicating high costs for borrowing.
The application process is usually resulting in approval within minutes. Yet, potential borrowers must be aware that applications are subject to status checks, and not everyone will be approved. Customer feedback on Trustpilot is generally positive, reflecting a rating of 4.8 out of 5 from over 34,000 reviews.
Despite this, the significant interest rates mean this service should be a last resort for those in need of quick cash. this option, it's repayment capabilities thoroughly. Many borrowers report that while the initial approval is quick, the actual cost of borrowing can be overwhelming if not managed carefully.
Who It's For
UK residents with low credit scores needing emergency personal loans.
Watch Out
High APR rates can lead to substantial repayment amounts; be sure to calculate total costs before borrowing.
You'll be redirected to lendingstream.co.uk
What Customers Say
Borrowers appreciate the quick service but are often concerned about the high interest rates.
