Borrow Money Online
Need to borrow money? Lending Stream could help. We offer short term loans of up to £1500 that can help you manage unexpected expenses. If your application is approved, we’ll send the cash to your bank in 90 seconds.
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 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.
Why choose Lending Stream to borrow money online?
Fast
Cash sent to your bank in under 90 seconds, once approved.
Convenient
24/7 simple & online application. Instant decision. Direct lender since 2008.
Affordable
Repay in 6 monthly repayments. Pay early with no extra fees and save on interest.
Warning: Late repayment can cause you serious money
problems. For help go to moneyhelper.org.uk.
Lending Stream is FCA Authorised
Lending Stream has been helping customers in the UK since 2008. Since then, we have helped over 1 million people with their financial needs by lending over 4 million loans. We’re an FCA-authorised and regulated direct lender, with authorisation number 689378. Responsible lending is our biggest priority, and we want to ensure our customers' experience is great.
We believe in ensuring that you are fully informed about the costs, fees, and repayment terms of our loans. To achieve this, we have taken great care to present all charges, including interest rates and fees, upfront. No hidden costs or unwelcome surprises - everything is clear and easy to understand.
How much money can I borrow today?
At Lending Stream, you can borrow as little as £50 to help you through a financial emergency. For new customers, Lending Stream offers short term loans up to £800. Existing or previous customers who have managed their accounts well can apply for up to £1,500. We can't guarantee that you can borrow the amount you apply for. We might offer you a lower amount based on our assessment of your repayability.
However, some specialist lenders may offer higher credit amounts if you have a co-signer or collateral to secure your loan.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
How can I borrow money fast and get it instantly online?
How quickly you'll get access to your credit once approved depends on the provider and their terms. There are lenders that offer same day loans or quick loans. So, there's a chance you could get your funds rapidly.
At Lending Stream, we value convenience. We'll make a decision on your loan application in seconds. We'll send the funds to your bank within 90 seconds if your application is approved.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
How long can I borrow money for with Lending Stream?
With Lending Stream, you've got 6 months to pay back what you borrow. If you want to repay your loan sooner, that's fine. You can repay as early as you want with no extra fees. And because our loans are charged at a daily interest rate, you'll save money if you repay early.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
How to see if I am eligible to borrow money online?
To check your eligibility, consider these key factors:
- Age and nationality: Most online loans lenders require you to be at least 18 years old and a UK resident.
- Income and employment: Most lenders require stable employment and regular income.
- Bank account: You'll need an active bank account for loan disbursement and repayments.
- Credit history: A bad credit rating might not disqualify you from applying for a loan. However, the better your credit score, the more favourable your terms will be.
At Lending Stream, we use the above criteria too. During our application process, we might ask you to show your income proof. We do this to see if you can afford the loan repayments. If we do, we will verify the details.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
How to apply for a bad credit loan with Lending Stream?
To apply for a loan with Lending Stream, fill out our online application form and give us the following information:
- Choose the amount which you want to borrow with us
- Fill in all your personal details
- Provide us with your employment, salary, expenses, and banking details
Once your application is received, we'll run a credit and affordability check on your profile. We do this to make sure you can afford the loan repayments. If approved, we will send the approved amount to your bank within 90 seconds.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
What are my money borrowing options in the UK?
1. Short term loans
Short term loans can provide quick access to funds for a short period. These loans are typically repaid within a few months and are designed to address immediate financial needs. However, it's important to carefully consider the terms and ensure that you can comfortably repay the loan within the specified timeframe.
2. Payday loans
Payday loans are short-term loans, typically for small amounts. They're called payday loans, as they're designed to be repaid on your next payday. While they can provide quick access to cash, they can come with very high-interest rates and charges.
3. No guarantor loans
No guarantor loans refer to a lending arrangement where borrowers can obtain a loan without needing a co-signer or guarantor. These loans are particularly useful for those who may not have a strong credit history or a network of friends or family members willing to vouch for their ability to repay the loan.
4. Interest free credit cards
Interest free credit cards, often called 0% APR (Annual Percentage Rate) credit cards, are financial products that offer a specified period during which no interest is charged on purchases or balance transfers. The interest free period typically ranges from several months to over a year, depending on the credit card issuer and the offer terms.
Can I borrow money if I have bad credit?
Yes, it is possible to borrow money even if you have bad credit. However, having a bad credit score may limit your options and result in higher interest rates and less favourable terms.
At Lending Stream, we understand that life can be unpredictable which is why we consider lending to people with bad credit too. We consider factors like affordability, credit score, age, nationality, income, and employment status to check your eligibility.
Why should I borrow money from a direct lender?
Borrowing money online from a direct lender can have several advantages.
- More streamlined process: Direct lenders have the authority to make lending decisions themselves, meaning the loan approval process can be quicker and more efficient than traditional banks or intermediaries.
- Potentially better rates and terms: Direct lenders may offer competitive interest rates and flexible repayment terms. By eliminating intermediaries, direct lenders can pass on cost savings to borrowers, resulting in a potentially better credit agreement.
- Customer support: Direct lenders often prioritise customer satisfaction and provide dedicated customer support. If you have any questions or need assistance, you can contact the lender directly for help.
It's important to note that borrowing from a direct lender may not be the best option for everyone. It's always a good idea to compare different lenders, terms, and interest rates to find the best fit for your needs and financial situation.
Advantages of borrowing money
Borrowing money can offer several advantages depending on your specific financial circumstances and needs.
- Access to funds: Borrowing money allows you to access funds you may not have readily available. This can be particularly helpful in emergency situations or when you need to make a large purchase.
- Flexibility: It can provide flexibility in managing your finances. It allows you to spread out the cost of a purchase over time, making it more affordable and manageable.
- Building credit history: Responsible borrowing and timely repayment of loans can help build a positive credit history. This can be beneficial when applying for future loans or credit cards, as lenders often consider your credit rating to assess your creditworthiness.
Disadvantages of borrowing money
It's important to note that borrowing credit also comes with responsibilities and potential risks.
- Interest and fees: Borrowing often comes with interest charges and fees. These additional costs can increase the overall amount you need to repay, making the loan more expensive in the long run.
- Debt burden: Depending on the loan terms and your financial situation, this can create a burden and impact your monthly budget. It's important to ensure that you can comfortably afford the loan repayments without compromising your financial stability.
- Impact on credit score: Failure to make timely repayments or defaulting on a loan can negatively impact your credit score. A lower credit score can make obtaining future loans or credit more difficult and may result in higher interest rates or unfavourable terms.
- Risk of overborrowing: Borrowing money can sometimes lead to a cycle of debt if not managed responsibly. It's important to assess your borrowing needs carefully and avoid taking on more debt than necessary.
Contact us - Lending Stream
If you already have an account with us, you can log in and chat with us through there. Otherwise, you can get in touch on our Contact Us page. If you prefer, you can call us on 0203 808 4440#. We’re open from 9 am to 6 pm, Monday to Friday, and 9 am to 1 pm Saturdays.
FAQs - Borrow Money
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Can I borrow money without a credit check?
Reputed lenders do not offer loans without credit checks. They prioritise responsible lending practices and comply with FCA regulations. This requires thorough affordability assessments. It is important to borrow money from reputable direct lenders only to ensure fair lending practices.
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Do I need a guarantor to borrow money?
It depends on the type of loan and your financial situation. If you have a poor credit history, you may be unable to get a personal loan without a guarantor.
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I am in debt - should I borrow money?
Borrowing money when you are already in debt should be carefully considered. Consider speaking with a financial advisor or credit counsellor who can provide guidance based on your financial situation.
We don't offer loans under 60 days. We offer 6 or 12 month loans. The maximum repayment period is 12 months. 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.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk