£50 Loan
Are you looking for a £50 loan? Lending Stream are here to help. We’re a trusted direct lender that could send the 50 pound loan to your bank in 90 seconds (if approved).
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Representative 1333% APR
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Very easy to apply
Very easy to apply, couldn’t have been more simpler to be honest and the money was in my account in less than a minute 10/10
Leona, 18 November 2023
Poor credit rating no problem
Quick and easy to apply
Kim, 25 November 2023
Why choose Lending Stream for a £50 loan?
Fast
Cash sent to your bank in less than 90 seconds, once approved.
Convenient
24/7 simple & online application. Instant decision. Direct lender since 2008.
Affordable
Repay over 6 months. Pay off early with no extra fees and save on interest.
Trusted
Rated excellent on Trustpilot & 99% recommend us on Reviews.co.uk.
What are £50 loans?
£50 loans are short term loans that can be used for a variety of purposes. Typically, these loans are repaid within a few weeks, although some lenders may offer longer repayment terms. Because they are relatively small loans, £50 loans are typically easier to qualify for, even if you have bad credit. With Lending Stream, you can get the loan amount to your bank in under 90 seconds, if approved.
Whether you need to cover an unexpected expense or simply want to tide yourself over until your next payday, a £50 payday loan can be a convenient and affordable option.
Our £50 Loan is often referred as same day loans or unsecured loans.
Can we lend you more than 50 pounds?
If you are applying for a loan for the first time with us, then you can apply for anywhere between £50 – £800.
But if you already had a loan from us in past and made all your repayments on time then you can apply for up to £1500.
How do I check if I’m eligible for a £50 loan?
If you are in need and want to borrow a £50 loan with Lending Stream, then you should first check your eligibility, because to apply with us you must:
Have a valid debit card
An active bank account
Be a UK resident
Should be at least 18 years old
Should be in regular employment with a monthly income of at least £400
During the application process, you may also be asked to show if you have a regular income and see if you can afford the monthly repayments on top of your existing other financial obligations. These facts might be confirmed in some situations (although this will be done discreetly)
How can I apply for a £50 loan?
In case you are looking for a £50 loan, Lending Stream might help you with this. Lending Stream gives you an easy way to apply for our 50 pound loan. Although we are not a £50 loan bad credit direct lender, the best part with us is that we might consider your application even if you have a bad credit rating.
To apply for a 50 pound loan with us, you need to complete our online application form, by giving us the following information:
- Choose the amount which you want to borrow with us
- Fill in your personal details
- Provide us with your employment, salary, expenses, and banking details
Once we have received your application, we will carry out an affordability and credit check. If your application is approved, we will transfer the approved amount to your bank within 90 seconds.
How long do you have to pay your £50 loan back?
With Lending Stream, you have 6 months to pay back whatever you borrow with us. But if you want to repay your loan sooner, you can!
You can repay your loan as early as you want with no extra prepayment fees involved. Our loans are charged at a daily interest rate, and if you repay early, you’ll save a good amount of money. In fact, many of our customers repay their loan in 3-4 months to save money on interest.
What if my £50 loan application is rejected?
We never guarantee if your loan application will be approved, but we do check many different factors when you apply for a £50 loan with us.
If the information we receive from any of the credit reference agencies is a factor in us denying your 50 pounds loan application, then we’ll let you know the name of the credit reference agency by email. You can then check your credit file with them if you want to.
What are the advantages of a £50 loan?
- Fast Cash: If you have any unexpected financial emergency then a £50 loan can give you quick access to the money you need, just like Payday Loans.
- No Collateral Required: When you apply for a £50 loan with us, you don’t have to mortgage your house, cars, or any other assets.
- You May Be Eligible for a £50 Loan with Bad Credit: Being a reputed direct lender, we will never pretend that your credit score is not at all important for us. But we do understand that your credit score does not fully reflect your current financial situation which is why we even consider giving bad credit loans. But this does not mean that we don’t run a credit check. It should not be considered that with us you can get a £50 loan quickly with no credit check.
- Repay in Affordable Amounts: If you take out a £50 loan with Lending Stream, we’ll give you 6 months to pay back. Unlike a payday loan you don’t have to pay it all back in one go.
What are the disadvantages of a £50 loan?
- Short-term loans for £50 will usually have a higher interest rate than a traditional high street bank.
- Is a 50 pounds loan what you need? Think carefully if this is the right amount to borrow to meet your needs.
FAQs – 50 pound loans
Can I get a £50 loan with bad credit?
Lending Stream will consider your application even if you have bad credit. We believe that everyone deserves a fair chance. So, we’ll always look at individual circumstances when assessing the loan applications.
Can I get a £50 loan with no credit check?
Being a reputed lender, we always run a credit check when you apply for a loan with us. So, you cannot get a loan without a credit check.
What are the consequences of not repaying my £50 loan?
If you don’t repay your loan, you may be charged additional fees. This could damage your credit score.
How do I repay my loan?
You can repay your loan using a debit card, or by doing bank transfer. If you want, then we can take the monthly repayments out of your bank account each month.
We don't offer loans under 60 days. We offer 6 or 12 month loans. So, the minimum repayment period is 6 months and the maximum repayment period is 12 months. You can choose to repay early and save on interest without any penalty. Maximum APR 1721%.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Very good company
Very good company, it's easy to fill out the application, everything is written well and clearly and the money is quickly in your account. The company is worth recommending
Grzegorz Komajda, 24 November 2023
Showing our latest reviews