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Can I get another loan before I have paid off the one I have now?

You can apply for another short-term Lending Stream loan prior to paying off your current loan. From time to time we may even contact you to let you know that you can apply again. However, this doesn't mean you'll automatically be approved.

By law, we can't guarantee approval of your additional short-term loan until the very moment your application is submitted to us for review. Even if you've had a Lending Stream loan before and repaid successfully, we're required to use the latest information available about you in order to make a loan decision. This is meant to ensure that we're always using the best available information to reduce the chances of putting you into a position of financial difficulty by approving a loan that you may not be able to repay. Additionally, we will not approve an additional loan if requested within a few days of your current pay date.

Even if you are in good standing with us, we will not approve more than six total loans with us. You can log in to your account to check on the status of your current loan(s) and apply for an additional loan if eligible.

Representative 1325% APR

More about additional short term loans

There are several reasons why applying for repeat pay day loans, or other short-term loans, regularly might not be the right option for you. Taking out regular short term loans is an expensive way to borrow money, and isn’t appropriate for those who are already in financial difficulty or wish to borrow money over a longer term.

At Lending Stream, our additional loans can be repaid in instalments over a six-month duration (although you can repay sooner if you like) rather than conventional additional payday loans, which are usually due to be repaid within a few weeks. As a responsible lender, we will only approve loan applications (even if you already have one or more loans with us) if we believe that you can afford the repayments of all concurrent loans that you hold with Lending Stream.

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1325% APR

Learn more about the cost of your loan, default charges, risks and prepayments.

Responsible Lending: Carefully consider whether a loan is right for your individual financial situation. Borrowing of this type is an expensive form of credit that may be appropriate for short term financial needs but which is not appropriate for longer term borrowing or if you are in financial difficulty. All loan application are subject to status, terms and conditions and to satisfactory passage of checks on credit worthiness and affordability.

We don't offer loans under 60 days. Early prepayment options that are available are not associated with any fees or cost. Maximum APR of 1698.1%. Given a Representative APR is 1325%, if you borrow £200 over 6 months at 292.0% p.a. (fixed) your first repayment will be £33.60 followed by £96.00, £75.84, £66.88, £62.40 and £48.96 the following months. You will repay £383.68 in total, there are no additional fees.