At Lending Stream, we provide unsecured loans for up to £1,500. We are a reputed direct lender in the UK and provide flexible repayment terms. We even consider people with bad credit history for our loans.
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.
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.
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
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.
Trusted
Rated excellent on Trustpilot & 99% recommend us on Reviews.co.uk.
Representative 1333% APR
Unsecured loan, also known as a personal loan, is when you borrow money without having to put something valuable, usually your home, as a backup in case you can’t pay it back. Credit cards, overdrafts, payday loans, and other short term loans are all examples of unsecured loans.
An application for an unsecured loan is primarily based on your personal credit rating, financial status and the amount borrowed. Because unsecured loans aren’t secured on your home, interest rates tend to be higher than other loans.
Unsecured loans work by allowing you to borrow money from a lender without having to offer any collateral, like your home or car. Instead, the loan approval is based on factors such as your credit history, income, and financial situation.
Once approved, you receive a fixed amount of money that you agree to pay back in regular instalments over a set period. These instalments include both the loan amount and any interest or fees charged by the lender.
Unsecured loans can be used for major expenses you may not be able to cover with your savings, such as:
– Debt consolidation
– Home improvements
– To pay for tuition, training, or educational expenses
– Emergency expenses
– Medical bills
– Personal purchases
Unsecured Loans | Secured Loans |
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With unsecured loans, you don’t need to offer any valuable item (like your car or house) as a backup. | When you borrow a secured loan, you need you to pledge a valuable asset (like your home, car, or savings) as security for the lender. |
Approval of an unsecured loan depends more on your credit history, income, and ability to repay. The better your credit score and income, the more you’re likely to be approved. | Approval for a secured loan depends on factors such as the value of the collateral you provide, your credit history, income, and your ability to repay the loan. Collateral reduces the lender’s risk, making approval more likely. |
Since there’s no collateral, these loans may have slightly higher interest rates. | These loans often have lower interest rates because there’s less risk for the lender. |
An unsecured loan doesn’t require collateral, so there’s no risk of losing assets. | If you can’t repay, the lender can take the pledged asset. |
Student loans, personal loans, payday loans, or credit card are a few examples. | Mortgage loans, auto loans, and secured personal loans are a few examples. |
To apply for an unsecured loan with Lending Stream, you must meet the following eligibility criteria:
During the application process, you will need to show that you have a regular income and can afford the loan repayments. This will be verified in some cases, but this will be done discreetly.
Representative 1333% APR
At Lending Stream, you can apply for an unsecured loan on our website. Our application form is simple, you’ll be asked for the following:
– The amount which you want to borrow with us
– Your personal details
– Your employment, salary, expenses, and banking details
Once we receive your application, we’ll run a credit and affordability check on your profile to see if you can afford the repayments. If approved, we’ll send the loan terms and agreement to you. If agreed and signed, we’ll send the approved loan amount to your bank within 90 seconds.
Representative 1333% APR
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Payday Loans
Payday loans are short term loans that offer quick cash, usually to be repaid on your next payday. They’re meant for emergencies, providing small amounts (typically £100 to £1,000) swiftly, but come with high-interest rates and fees. At Lending Stream, we provide a better alternative of payday loans.
Instalment loans
Instalment loans give you money that you pay back in smaller bits over time. You make a regular monthly payment until the whole amount is repaid. Interest rates and fees might be better than payday loans, but be careful about missing payments, which can affect your credit. They can help with bigger expenses, but make sure you can manage the payments before getting one.
Line of credit
A line of credit is like a financial safety net. It’s an approved amount of money that you can borrow from whenever you need. You only pay interest on what you borrow, and once you repay, that money becomes available to use again. It’s flexible and can be used for various needs, like emergencies or purchases. Just be mindful of the interest rates and fees, and make sure you stay within your approved limit.
Guarantor loans
A guarantor loan is a bit like having a financial helper. If you can’t get a loan on your own because of a low credit score or other reasons, a guarantor can step in. A guarantor is someone with good credit who promises to pay the loan if you can’t. This makes the lender more confident to lend you money. Guarantor loans can be helpful to get approved for a loan you might not qualify for otherwise. Just remember, if you can’t pay, your guarantor will have to, so it’s important to be responsible with this type of loan.
Credit card
A credit card is a small plastic card that lets you buy things now and pay for them later. You have a credit limit, which is the maximum amount you can spend. Each month, you get a bill showing what you owe. You can pay the full amount or a minimum, but you’ll be charged interest on the remaining balance if you don’t pay in full. Credit cards are handy for everyday purchases, online shopping, and emergencies, but it’s important to use them wisely and avoid overspending to keep your finances in good shape.
Overdraft
An overdraft allows you to spend a bit more money than you actually have in your account. For example, if you have £10 in your account and an overdraft of £100, you can spend up to £110. It’s useful to cover short-term gaps or unexpected expenses.
But remember, using an overdraft usually comes with fees and interest, so it’s a good idea to pay it back as soon as you can to avoid extra costs.
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.
To find the best unsecured loans, research reputable lenders, compare interest rates and fees, read customer reviews, check eligibility criteria, the application process and customer support. Balancing these factors will help you select the most suitable unsecured loan for your needs and financial situation.
Whether an unsecured loan is good or bad depends on your individual situation and how you use it. If used responsibly and for the right reasons, an unsecured loan can be a helpful financial tool. However, if not managed well, it can lead to financial challenges.
Unsecured loans can vary in difficulty to obtain depending on factors like your credit history, income, and the lender’s criteria. Approval is often influenced by your creditworthiness. If you have a strong credit record and a stable income, unsecured loans could be easier to secure.
Yes, you can use an unsecured personal loan for debt consolidation. This can make it easier to manage your payments and potentially reduce your overall interest rate.
Some lenders may offer unsecured loans with no credit check. However, it’s important to note that you can’t get a loan from a reputable lender in the UK without a credit check.
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
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