How It Works

Am I eligible to apply for a Lending Stream loan?

To apply for a Lending Stream short-term loan you must be a UK resident at least 18 years of age, be in regular employment with a monthly income of at least £400, and have a valid debit card and active bank account.

Or you can get started with our online application and get an instant decision.

Start the process

Representative 1325% APR

How does continuous payment authority work?

Continuous Payment Authority, or CPA, is permission you give Lending Stream when you apply for a loan to collect your loan payments automatically from the bank account that's linked to your debit card. Most people find it easier and more reliable to set up automatic debit card loan payments. It can help you avoid missed payments.

You have the right to cancel CPA at any time; however, if you do you'll need to arrange another way to make payments, such as self-service loan payments through your online Lending Stream account, a standing bank order, or posting a cheque. If you have a loan with us, please contact us immediately if you cancel CPA and we'll help you arrange another way to make your loan payments.

What loan fees do you charge?

If you do not pay a Repayment Amount when it is due, we will apply the following charges:

1. on the first occasion that a Repayment Amount due is unpaid on the relevant Payment Date, we will apply a default charge of up to £15; and
2. on any further occasion that a Repayment Amount due is unpaid on the relevant Payment Date, if we did not charge you the full £15 default charge on the first occasion, we will apply a further charge that will result in combined default charges amounting to £15

Other than that, we offer what is called no-fee loans. This means there is no application fee, no transaction fees, and no early repayment fees. We have no hidden fees at all.

Or if you have a loan with us and would like to see your payment schedule, you can log-in.

What happens if I can't pay back the loan?

As a responsible lender, we do everything we can to avoid putting you in that situation, by carefully assessing your ability to repay a Lending Stream loan when you apply. However, we understand that your financial situation can unexpectedly change for the worse, making it difficult for you to repay your loan. In that case, we'll work with you to arrange an affordable repayment plan.

If you have a loan with us and need to talk to us about an affordable repayment plan, contact us. You can also choose to contact free debt advice providers.