What is a representative example
of a Lending Stream loan?

A representative example is designed to help you understand all of the costs and charges of borrowing money. It shows a typical example of a loan from that lender.

Here's a representative example of a 6 month loan with Lending Stream.

Representative example
Annual Interest Rate 292.0%
Total amount of credit £200
Representative APR 1325%
Duration of agreement 6 months
Total amount payable £383.68
Total charge of credit £183.68
Amount of each payment
1st repayment £33.60
2nd repayment £96.00
3rd repayment £75.84
4th repayment £66.88
5th repayment £62.40
6th repayment £48.96

Representative 1325% APR

More about representative APRs

If you are using this information to compare different loans, it's important to remember that you may receive a loan offer that differs from this. A loan offer from Lending Stream depends on your personal circumstances and your credit history.

How does this compare to other lenders?

We're pretty competitive! We've created this page to show how we compare to other lenders.

How come the APR is so high on short term loans and payday loans?

There are a number of reasons, but the main one is that APR stands for 'annual percentage rate'. This means that it shows how much you'd have to repay if you took the loan out for a year under the same conditions. Since short-term loans are usually for a much shorter time-period than a year, the interest rate is multiplied, with the amount of interest added to it, until it reaches an annual figure.

You'll never be asked to pay back more than double the amount you borrowed and lenders aren't allowed to charge more than 0.8% interest per day.

If you want to compare short-term loans and you find the APR confusing, you may find it more straightforward to compare representative examples.

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 applications are subject to status checks, 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.