| 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 without the stringent criteria of traditional banks.
Ideal for individuals facing emergency expenses who may not qualify for traditional bank loans.
Lending Stream provides short-term personal loans from £50 to £1,500, with terms of 3 to 6 months and a representative APR of 99.9% to 1,333%.
Pros & Cons
Watch Out
High APR rates mean that borrowing can become expensive; some users may end up paying back much more than they borrowed.
Full Review
With loans available between £50 and £1,500, Lending Stream caters to those requiring urgent financial support. Their representative APR can soar to 1,271%, making it crucial for borrowers to understand the total cost of their loan. The application process is user-friendly, with approvals often granted in minutes.
However, be aware that not all applications will be approved, especially those with lower credit ratings. Customer reviews highlight a generally positive experience, particularly for those needing funds quickly. Yet, the steep interest rates are a notable downside, especially for long-term repayment.
Lending Stream's website is but users should pay close attention to the terms outlined. The lack of hidden fees is a plus, but the overall cost of borrowing remains high, making it unsuitable for those with tighter budgets.
What Borrowers Say
Users generally appreciate the quick service but caution about the high costs associated with repayment.
