How it works
You apply | Instant Decision | Fast Fund Transfer
How to apply with Lending Stream?
You apply
Applying for a short term loan with Lending Stream is simple. Just choose how much you want to borrow and fill in your personal, banking and employment details. It usually takes 5 minutes** or so.
You get your decision
We’ll run your application info through our algorithm, taking into account your circumstances and not just your credit rating. In most cases, we’ll give you an instant decision and let you know how much you can borrow.
Your loan gets sent straight to your acount
Just give us your bank account details as part of the application, and we’ll start streaming the cash to your bank in under 90 seconds.
Take control of your repayments
There are two ways we can do the repayments. Whatever works best for you – it’s your call.
- When you borrow from Lending Stream we set up automatic repayments so that you’ll never miss a payment. We take out the amount each month on a specified date (and we’ll remind you when we’re about to do it, so it’s not a surprise).
- You can also make individual payments online in your account at any time. You can also call us on 0203 808 4440#
We’ll help make sure you know what you’re doing throughout as well. We’ll keep in contact with you with information about how to avoid problems and help keep your financial position positive.
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Are you eligible?
A representative example shows you the terms of our typical loan (offered to more than 51% of applicants) and the cost of credit in accordance with the Consumer Credit (Advertisements) Regulations 2010.
What is a representative example of a Lending Stream loan?
A representative example shows you the terms of our typical loan (offered to more than 51% of applicants) and the cost of credit in accordance with the Consumer Credit (Advertisements) Regulations 2010.
| Representative example | |
|---|---|
| Annual Interest Rate | 292% p.a. (fixed) |
| Total Amount of Credit | £300 |
| Representative APR | 1271% |
| Duration of Agreement | 6 months |
| Total Amount Payable | £578.36 |
| Number of Repayments | 6 |
| Each Repayment is | £96.39 |
How does continuous payment authority work?
Continuous Payment Authority (CPA) is a way of making payments on your loan. It means you give us permission to collect payments automatically from the bank account that’s linked to your debit card. This is set up when you apply and can help you avoid missed payments.
You can cancel CPA at any time by asking us or contacting your bank. If you do so, you’ll need to arrange payments in a different way, such as online payments via the Lending Stream website or a standing bank order. If your loan payment is outstanding, please contact us so we can help you set something else up.
What loan fees do you charge?
The only fees we charge are for late payments. We will apply a late payment fee to your account if you miss a payment on the date it is due unless you have spoken to us in advance to make us aware that your payment will be late.
We will never charge more than £12 in late payment fees over the lifetime of your loan.
How will the late payment fee be applied?
- If you pay monthly, a late payment fee of £12 will be applied after your first missed payment. You will only ever be charged a maximum of 1 late payment fee of £12 over the lifetime of your loan.
- If you pay weekly, a late payment fee of £4 will be applied after your first missed payment. For each missed payment after that we will charge a late payment fee of £4 up to a maximum of 3 late payment fees equal to £12.
| Monthly Payer | Weekly Payer | |
|---|---|---|
| 1st late payment fee | £12 | £4 |
| 2nd late payment fee | £0 | £4 |
| 3rd late payment fee | £0 | £4 |
| Maximum fee applied over the lifetime of a loan | £12 | £12 |
What happens if I can’t pay back the loan?
We’ll try to avoid putting you in the position – this is why we don’t guarantee you’ll be accepted. But we understand that things do go wrong sometimes. If you have any problems, please contact us and we’ll work with you to arrange an alternative repayment plan that may suit you better.
Also, if you find it useful, you can contact free debt advice providers moneyhelper.org.uk.
Learn more about the cost of your loan, default charges, risks and prepayments.
Responsible Lending: Please think carefully about whether Lending Stream is the right solution for you. Short-term loans are an expensive form of borrowing. They could make your finances more difficult in the long-term. This is even more important if you’re in financial difficulty. If we don’t think you can afford a loan, we won’t give you one. We’ll look at your current finances and credit history before we make any lending decisions.
More information on cash loans
What risks I should be aware of when I take out a loan?
How much money can I borrow if I’m approved?
What loan fees do you charge?
What is the total amount I’ll pay for a Lending Stream loan?
How does continuous payment authority work?
What happens if I can’t pay back the loan?
Do you run a credit check and will that impact my credit score?
Upon Approval At Lending Stream, you will get
Fund Transfer
Cash sent to your bank in under 90 seconds*.
24/7 Payouts
Even on bank holidays.
Simple Payments
Automatically withdrawn from your bank.