£400 Loan
A £400 loan from Lending Stream could be the perfect solution for your short term financial needs. Our online application process is simple and straightforward. If approved, you could get a 400 pound loan sent to your bank in 90 seconds*.
Representative Example: Given a Representative APR of 1271%, if you borrow £300 over 6 months at 292% p.a. (fixed), you would owe 6 equal repayments of £96.39. You will repay £578.36 in total.
Not all applications will be approved for a loan. An offer of credit is subject to status and affordability checks.
Why choose Lending Stream for a £400 Loan?
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Direct Lender
Lending Stream is a FCA authorised and regulated direct lender, offering short-term loans without any hidden fees.
No early repayment fees
Repay in 6 monthly instalments. We don’t charge for early repayment.
Fast
Apply online 24/7 with decisions in seconds. If approved, cash is sent to your bank in 90 seconds.*
What are £400 loans?
If you need a cash loan fast, a £400 loan could be the solution. £400 loans are designed to cover unexpected expenses. They’re usually short term loans, repaid over 3-12 months. They’re also unsecured, so you won’t need to risk collateral like your car, home, or possessions.
If you need to cover an unexpected expense, a £400 pound loan from Lending Stream could help you get through. You can apply for a 400 pound loan with us from the comfort of your own home.
Can we lend you more than 400 pounds?
Yes, we can lend you more than £400. If you’re applying for a loan with us for the first time, then we could lend you between £50 and £800. So long as our checks show that you can afford it.
If you have already taken a loan from us in past, then we can lend between £100 to £1,500. We will do checks again, but past repayments are a factor too.
How do I check if I’m eligible for a £400 loan with Lending Stream?
Are you looking to apply for a 400 pound loan with Lending Stream? To be eligible to apply, you must:
- Be a UK resident.
- Be over 18.
- Have a valid debit card.
- Have a valid UK bank account.
- Be in regular employment with a monthly income of at least £400.
As a responsible lender, we need to know you can afford to repay the loan. This will need to be on top of any other expenses you have.
Representative 1271%APR
How can I apply for a £400 loan with Lending Stream?
If you need a £400 loan, then Lending Stream is a short term loans direct lender. And we’re here to help. Just fill in our online form and tell us:
- The amount you want to borrow with us.
- Some basic personal information.
- Your employment, salary, expenses, and banking details.
Once we have received your application, we will run a credit and affordability check. If we approve your application, we’ll transfer the loan to your bank within 90 seconds. It may take longer to reach your account, depending on your bank’s processes.
Representative 1271%APR
How long do you have to repay your £400 loan?
With Lending Stream, you have 6 months to repay your loan. You can repay earlier if you prefer – it’s up to you. If you do pay back early, you’ll actually save money, as our loans are charged on a daily interest rate. We don’t charge any extra fees if you repay your £400 loan early.
What if my £400 loan application is rejected?
We never guarantee that your loan application will be approved. Even if you’re a returning customer. While reviewing your 400 pound loan application, we look at many different factors, including your credit score. If you are looking for a £400 loan with no credit check, then we might not be for you. All regulated lenders will complete a credit check and assess whether you can afford to repay the loan.
We’re a responsible lender, so we won’t lend to you if our checks indicate you can’t afford to repay.
We do use credit reference agencies. If information from an agency leads to us declining your £400 loan application, we’ll let you know which one we used. You can then check your credit file with them.
What are the advantages of a £400 loan?
- Fast Cash: If you have an unexpected expense, a £400 loan might help you in an emergency. We know that speed is important in some situations.
- No Collateral Required: When applying for a 400 pound loan with us, you don’t have to risk any collateral. We won’t ask you to secure the loan on your house or car.
- You May Be Eligible for a £400 Loan with Bad Credit: We know that a credit score will not always reflect your complete financial situation. So we do consider giving loans to people with bad credit scores. But that doesn’t mean credit scores aren’t important to us. We will check them – we’ll just look at other information as well.
- Repay in Affordable Amounts: You don’t have to repay us in one go. With Lending Stream, you get 6 months to repay back your £400 loan.
What is the disadvantage of a £400 loan?
Short term loans for £400 will usually have a higher interest rate than a traditional high street bank. Is a 400 pounds loan what you need? Think carefully if this is the right amount to borrow to meet your needs.
FAQs – 400 Pound Loans
Can I get a 400 pound loan on same day?
In most cases, yes. If your application for a 400 pound loan with Lending Stream is successful, we’ll transfer the loan to your bank within 90 seconds. It may take longer to reach your account, depending on your bank’s processes.
Can I get a 400 pound payday loan?
Yes, you can get a £400 payday loan. Payday loans are designed to provide small, short-term borrowing to people who need money urgently. These loans are typically meant to be repaid on your next payday.
Can I apply for a £400 loan if I have a bad credit score?
Yes, we consider applications if you have poor credit history or a bad credit score. However, we still run a credit check to make sure you can afford the loan. We’ll also ask for other information about your income and expenses to help us make a decision.
What happens if I’m having financial problems?
If you are having financial problems and struggle to repay your loan, please contact us as soon as possible. We will work with you to try and find a solution.