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Lending Stream Loans: Only for Desperate Times
Lending Stream offers loans with APRs up to a staggering 1333%. If you’re out of options, know what you’re getting into before you sign.
The Quick Version
Lending Stream offers short-term loans with APRs ranging from 99.9% to an eye-watering 1333%. It's lightning-fast in terms of approval, but that speed comes with a hefty price tag. This should be your absolute last resort after exhausting all other financial options, including credit unions.
Lending Stream Short-Term Loan
Lending Stream loan overview
Lending Stream Short-Term Loan
What You Get
Borrow between £50 and £1500 over 3 to 6 months. New customers can borrow up to £800, while existing ones can go up to £1500. The representative APR is 1271%. For context, borrowing £300 over 6 months means repaying £578.36. That's nearly double what you borrowed.
What's Actually Good
Approval is quick, often within minutes, and they consider applicants with bad credit. With over 900,000 customers served and a 4.9-star rating on Trustpilot, it's clear some users find value in the service despite its cost.
The Catch
The APR is not just high; it's astronomical. A representative APR of 1271% means you're paying dearly for the convenience and speed. This isn't a loan for anyone without a pressing, unavoidable need. The short repayment terms can also be a strain if you're not financially prepared.
Who Should Apply
If you're 18+, a UK resident with regular income, and have exhausted all other financial avenues, this loan is a last-ditch option. It's for those with low credit scores who need a small amount of cash fast and have a clear plan to repay it promptly.
The Bottom Line
Lending Stream loans are a lifeline for emergencies only. If you can, explore other avenues first, like Starling Bank Personal Loan: Quick Cash, But With Limits, which might offer a more balanced option with fewer financial pitfalls.
