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Lending Stream Short-Term Loan
Lending Stream offers quick access to short-term loans for those with poor credit histories, but be wary of the exorbitant interest rates.
Lending Stream Short-Term Loan
Updated 7 minutes ago| APR | Amount | Term |
|---|---|---|
| 99.9–1333.0% | £50–£1,500 | 3–6 mo |
Requirements
18+
UK resident
Regular income
Decision
MinutesOur Verdict
Lending Stream offers quick access to short-term loans for those with poor credit histories, but be wary of the exorbitant interest rates.
✅ Best For
This service is best for individuals who may struggle to obtain credit from traditional banks and need a fast loan solution.
⚠️ Watch Out
Potential borrowers should be cautious of the extremely high APRs, which can lead to significant repayment amounts.
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About this loan
Expert Analysis
Lending Stream is a direct lender focused on short-term credit, catering primarily to individuals who may not qualify for loans from conventional banks. With the ability to borrow between £50 and £1,500, the company has served over 900,000 customers since its inception in 2008. However, this convenience comes at a cost; the APR ranges from a staggering 99.9% to 1333%, making it crucial for borrowers to fully understand the financial implications before proceeding. The representative example highlights that borrowing £300 over six months at a fixed rate of 292% would result in a total repayment of £578.36, which is a significant burden.
On the positive side, Lending Stream is FCA regulated and claims not to affect your credit score when applying. This can be a draw for those looking to avoid further damage to their credit history. Nevertheless, prospective borrowers should carefully consider their ability to repay, as failing to do so can lead to a cycle of debt. Alternatives such as credit unions or personal loans from traditional lenders may offer more favourable terms and lower APRs, making them worth exploring before committing to a loan with Lending Stream.
Similar options
APR
9.9–69.9%
Amount
£1k–£8k
Term
12–60mo
Santander Personal Loan
PersonalUK resident
18+
1-2-3 account for best rate
APR
5.3–21.9%
Amount
£1k–£25k
Term
12–60mo
18+
UK homeowner
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4.9–14.9%
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3.9–21.9%
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12–60mo
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3.9–24.9%
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12–60mo
APR
5.9–24.9%
Amount
£1k–£25k
Term
12–60mo
Rates shown are representative. Your actual rate may differ based on your circumstances. We may earn a commission for referrals.
Similar options
APR
9.9–69.9%
Amount
£1k–£8k
Term
12–60mo
Santander Personal Loan
PersonalUK resident
18+
1-2-3 account for best rate
APR
5.3–21.9%
Amount
£1k–£25k
Term
12–60mo
18+
UK homeowner
Good credit
APR
4.9–14.9%
Amount
£1k–£25k
Term
12–120mo
APR
3.9–21.9%
Amount
£1k–£25k
Term
12–60mo
APR
3.9–24.9%
Amount
£1k–£50k
Term
12–60mo
APR
5.9–24.9%
Amount
£1k–£25k
Term
12–60mo
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