Quick Loans
Looking to get a loan quickly for urgent financial needs? Quick loans with Lending Stream might be the answer. Apply online with us and if approved, we'll send the cash to your bank within 90 seconds. We even consider people with bad credit.
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 for quick loans?
Fast
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.
Warning: Late repayment can cause you serious money
problems. For help go to moneyhelper.org.uk.
What are quick loans?
Quick loans (also known as fast loans) are a way for people to borrow money when they need it urgently. These loans are typically designed to be repaid within a short period, often a couple of months, depending on the lender. The application process for quick online loans is usually straightforward, with minimal documentation required.
Quick loans are intended for urgent financial needs, but borrowers should exercise caution and consider their ability to repay before taking one.
How do quick loans work in the UK?
Quick loans in the UK operate similarly to other short term loan options, but with the distinct advantage of offering fast access to funds on the same day the application is approved. Here is a concise overview of their functionality:
- Application: You apply for a quick loan online. The application is usually straightforward and requires a few basic personal and financial information.
- Approval: Lenders assess your application quickly, within minutes or hours.
- Loan terms: If approved, you'll receive details about the loan terms, including the loan amount, interest rate, fees, and repayment period.
- Payment: If you agree to the terms the funds are typically disbursed quickly, often within the same day or the next business day. At Lending Stream, we believe it's important to do things quickly, which is why we'll send the cash to your UK bank in 90 seconds if approved.
- Repayment period: It can vary but is generally short. At Lending Stream, we give you 6 months to repay the loan and if you want to pay the loan early, you can! And we don't charge early repayment fees.
- Automatic repayment: Some lenders may set up automatic repayment (also known as continuous payment authority), deducting the owed amount directly from your bank account on the due date.
With any loan, failure to repay the loan on time can have negative effects on your credit score. So please review the terms and costs associated with these loans and ensure they align with your financial situation.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
What can I use fast loan for?
Fast loans can be used for various purposes, including:
- Emergency expenses: When unexpected bills or urgent financial needs arise, a fast loan can provide quick access to funds to cover medical expenses, home repairs, legal fees, or unexpected travel due to family emergencies.
- Rent or utility payments: If you're short on cash and need to pay rent or utility bills to avoid late fees or disconnection, a quick loan can help bridge the gap.
- Home improvements: If you need to make urgent repairs or renovations to your home, these instant loans can help you cover the costs.
- Car repairs: If your vehicle breaks down or you need to buy spare parts quickly.
- Bridge financial gaps: Sometimes, there might be a temporary gap between expenses and income, and a quick loan can help you manage until you receive your next pay or payment.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Is Lending Stream a quick loans direct lender?
Yes, Lending Stream is a direct and reputable lender that offers quick loans. We provide short term loans, often referred to as an alternative to payday loans. We lend to individuals who need access to money quickly. As a direct lender, we handle the loan application, approval, and disbursement process.
How much can I borrow with a quick loan?
When you apply for a quick loan from Lending Stream, you can borrow up to £1500 (£800 for first-time customers). Quick loans typically range from a few hundred to a few thousand pounds, but we'll only lend out what we know you can afford to pay back. Plus, once you complete your loan application, we’ll make a decision in seconds, as we know you’ll want to know quickly.
It's important to compare lenders and remember that the specific loan limit will vary based on factors such as your income, credit rating, and other credit and affordability checks.
How to be eligible for a quick loan?
To be eligible for a quick loan, you typically need to fulfil the eligibility criteria set by the lender. While specific requirements can vary, when you apply for a loan with Lending Stream, you must:
- Be a UK resident
- Be 18+ in age
- Have a valid debit card
- Have an active UK bank account
- Be in regular employment with a monthly income of at least £400
During our online application process, we might ask you details about your income to make sure you can make repayments on time. We might even verify these details discreetly, in some cases.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
How to apply for quick loans online with Lending Stream?
To apply for a quick loan with Lending Stream, you’ll have to complete the online application form and give us the following details:
- The amount which you want to borrow with us
- All necessary details asked by us in the application form
- Provide us with your employment, salary, expenses, and banking details
Once we receive your application, we'll run credit and affordability checks on your profile to see if you can afford the repayments. If approved, we'll send the loan terms and agreement for you to review and sign. Once signed, we'll send the approved loan amount to your bank within 90 seconds.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Can I get a quick loan with bad credit?
Yes, it is possible to get a quick loan with bad credit. Many lenders offering quick loans are willing to consider applicants with poor credit history. Before borrowing money, look for reputable lenders, read their loan agreement terms carefully, and ensure that you can afford the loan repayments.
At Lending Stream, we'll consider your application even with a bad credit score. We recognise that you are more than a number and will only approve you if you can afford the monthly payments. We think that's only fair.
What should I do if my quick loan application is not approved?
If your loan application was denied, it can be tempting to apply again and again until you get approved. However, several applications in a short space of time might make lenders think you’re desperate for cash. Instead, you can:
- Contact the lender: Inquire about the specific reasons for the denial. This feedback can provide valuable insights into areas you need to work on before reapplying.
- Assess your financial situation: Are there areas that need improvement? Have you taken steps to enhance your credit score or income? Taking proactive measures can strengthen your application the next time around.
- Focus on improving the aspects that contributed to the rejection: For instance, if having a poor credit score really was a concern, take steps to enhance it by paying off debts and bills on time.
What are the advantages of quick loans?
- Quick access to funds: As the name suggests, quick loans provide rapid access to money, making them ideal for urgent financial needs like unexpected expenses or emergencies.
- Simple application process: The application process for quick personal loans is usually straightforward and requires minimal documentation, making it convenient and timesaving.
- Flexible use: Borrowers can use these loans for a variety of purposes, from covering bills and medical expenses to addressing car repairs and other immediate financial requirements.
- No collateral needed: Many quick loans are unsecured, meaning you don't need to put up collateral (like your house or car) to secure the loan.
- Potential for bad credit approval: Lenders like Lending Stream consider applicants with less-than-perfect credit, providing an option for individuals who might not qualify for traditional loans.
- Affordable monthly repayments: Unlike a payday loan, which is intended to be paid on your next payday, if you take out a quick loan with Lending Stream, we’ll offer 6 months of repayments.
What are the disadvantages of quick loans?
- High interest rates: They often carry significantly higher interest rates than traditional loans, making them more expensive to repay.
- Limited loan amounts: These loans usually provide small amounts, which may not fully cover larger or ongoing financial needs.
- Risk of impulse borrowing: The ease of obtaining quick loans might lead to impulse borrowing without careful consideration of repayment ability.
- Fewer direct lenders: But don't worry, Lending Stream is still here and still lending!
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 give us a call on 0203 808 4440#. We’re open from 9am to 6pm Monday to Fridays, and 9am to 1pm Saturdays.
FAQs - quick loans
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What is a fast loan?
A fast loan is a type of borrowing that provides quick access to funds, often with a streamlined application process and speedy approval, designed to address urgent financial needs.
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Can I get quick loans on the same day?
Yes, it's possible to get a quick loan on the same day. When you apply for a fast loan online many lenders offer same-day funding.
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Can I get quick loans with no credit check?
It's possible to get a quick loan without a credit check, but these loans can be limited and may come with disadvantages such as high interest. That said, reputable lenders won't provide a loan without a credit check.
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