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Do you offer no fee loans?

A no fee loan is a financial term that generally refers to the absence of fees for applying for a loan.

At Lending Stream, we go a step further and offer short term loans that have no application fees, no transaction fees, and no early payment fees. We have no hidden fees at all. Our only loan fees are related to missed payments.

More about no fee short-term loans

You may have had a poor experience in the past with pay day loan fees, or thought you were signing up to a fee free payday loan, but realised down the line that there extra charges could be due; if you wanted to repay early, for example. If you thought that you’d applied for a no fee payday loan, only to discover that there were application fees, or transaction fees to be paid, it’s understandable that you’d be wary about this type of borrowing in future.

At Lending Stream, we like to look at things a little differently. We’re more than happy if you want to repay your short-term loan early to save money on interest; which is why we don’t charge any type of early repayment or transaction fees. Some companies might charge you just for applying for a loan with them, but we don’t think that this is the right approach either. The Lending Stream way is to make borrowing from us as straightforward and hassle-free as possible, which is why we only offer no fee short term loans.

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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.