If this is the first time you're applying for a Lending Stream loan, you can apply for any amount from £50 to £800. If you've successfully opened a Lending Stream loan, currently or in the past, and your account is in good standing, you can apply for a loan up to £1500.
As you go through our simple application process, you choose the amount you need within the above limits. We will do a fast, personalised review of your situation (not just your credit) and provide you with a quick decision. This includes letting you know the full amount you specifically are eligible to receive.
As a responsible lender, we want to try and make sure that you can afford your repayments, which is why we use our unique algorithm to help set your personal short term loan credit limit when you borrow from us.
If you have taken out a loan from other lenders in the past, you may have experienced payday loan borrowing limits, which you don't feel are fair, especially if you've always repaid on time previously.
That is one of the reasons why we often allow current or previous customers in good standing with us, to borrow a higher amount if needed, as long as we feel that you can afford the repayments, when taking all of your financial commitments into account.
However, if you are a current or previous customer who repays on time, this doesn’t automatically mean that you will qualify for another loan or an increased borrowing limit. This is because we will use the very latest financial information about you to make a decision, not just a credit check and your account history with us. You can read more about our process on our How It Works page.