| Representative APR | Amount | Term | Type |
|---|---|---|---|
| 99.9–1333.0% | £50–£1.5k | 3–6 mo | personal |
Best For
Individuals with low credit scores seeking immediate financial relief.
Individuals with urgent financial needs and low credit scores who can manage high-interest repayments.
Lending Stream provides short-term personal loans ranging from £50 to £1,500, with terms of 3 to 6 months and representative APRs between 99.9% and 1,333%.
Pros & Cons
Watch Out
The high APR means borrowers can end up paying significantly more than the amount borrowed.
Full Review
At a representative APR of 1,271%, Lending Stream is not for the faint-hearted. If you borrow £300 over 6 months, you'll repay a total of £578.36. This makes it crucial for borrowers to assess their ability to repay quickly.
The application process is and takes just minutes, which is a significant plus for those needing urgent funds. However, the high-interest rates can lead to financial strain, particularly if repayments are missed. Unlike traditional lenders, Lending Stream considers applicants with bad credit, ccessible to a wider audience.
But this accessibility comes at a steep cost, and those with better credit may find cheaper alternatives that offer lower APRs and better overall terms. Customer service has received mixed reviews, with some users praising the quick response times while others highlight issues with transparency regarding fees. It's essential to read the fine print carefully and understand the total cost of borrowing before proceeding.
For more details, visit Lending Stream's official site.
What Borrowers Say
Customers appreciate the quick loan approval but often express concerns over the high cost of borrowing.
