Conduit short term loans review

Conduit claims to be a responsible, community-driven lender that offers short term loans up to £1,500.


Fact checked

Warning: Late repayment can cause you serious money problems. For help, go to

Please note: High-cost short-term credit is unsuitable for sustained borrowing over long periods and would be expensive as a means of longer-term borrowing.

Conduit Short Term Loan

Conduit short term loans

  • Borrow from £200 to £1,500
  • Flexible repayment options
  • Applications from bad credit considered

Representative example: Borrow £500 for 52 weeks. Representative APR 99.8% and total payable £697.32 in 52 weekly payments of £13.41.


Compare Conduit loans to similar lenders

Table: promoted deals, sorted by total payable

Estimate how much a high-cost short term loan is likely to cost you each month and overall with some popular short term lenders:

How much do you need to borrow?

How long do you need to borrow for?

Name Product Available Amounts Monthly repayment Total payable Link
Lending Stream Instalment Loan
£50 to £1,500
Representative example: Borrow £200 for 6 months at a rate of 292% p.a. (fixed). Representative 1,333% APR and total payable £386.61 in 6 monthly payments of £64.44. Personal Loan
£300 to £3,000
Representative example: Borrow £1,000 for 12 months at a rate of 152.33% p.a. (fixed). Representative 352.7% APR and total payable £1,999.92 in 12 monthly payments of £166.66.
The Money Platform Short Term Loan
£250 to £1,000
Representative example: Borrow £500 for 6 weeks at a rate of 255.5% p.a. Representative APR 839.20% and total payable: £647 in 1 payment.
QuidMarket Short Term Loan
£300 to £1,500
Representative example: Borrow £300 for 3 months at a rate of 292% p.a. (fixed). Representative APR 1,301% and total payable: £454.37 in 3 instalments of £151.46.
CASH4UNOW Short Term Loan
£150 to £1,000
Representative example: Borrow £200 for 4 months at a rate of 292% p.a. (fixed). Representative APR 1314% and total payable: £332.00, in 4 payments of £83.00.

Compare up to 4 providers

Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

We compare payday/short-term loans from

Lending Stream Instalment Loan Personal Loan
The Money Platform Short Term Loan
QuidMarket Short Term Loan
CASH4UNOW Short Term Loan

What is Conduit?

Conduit is a short term loan provider and a subsidiary of Five Lamps. It is a Community Development Financial Institution that aims to service those that are unable to get a loan from a mainstream lender. Conduit claims to charge no hidden fees and provide extensive customer support, but like most payday lenders, its loans are also significantly more expensive than regular personal loans.

Key features of a Conduit loan

Conduit offers short term loans with flexible repayments and quick turnaround. You can get a loan for between £200 and £1,500, with loan terms of 1-12 months, and weekly repayments.

Product NameConduit Short Term Loan
Available Amounts£200 to £1,500
New customer maximum£1,500
Loan terms4 weeks to 52 weeks
Soft search eligibility check
Instant decision in most cases
Funding speedConduit states that once they receive the completed paperwork your loan will be in your bank account within 3-5 working days.

(For a £7 Faster Payment fee you can receive your loan the same/next working day, subject to the cut off time of 2pm.)
Repayment period optionsMonthly
Additional repayment methodsOnline payment
Phone payment
Direct debit
Parent companyFive Lamps Trading Limited
FCA registration number791848
LinkCheck eligibility

What are the eligibility requirements?

As with any loan, you’ll need to meet certain lender requirements to be eligible for a Conduit loan. These include:

ResidencyUK resident
Minimum age18
LinkCheck eligibility

How do I apply for a Conduit loan?

You can apply for a Conduit loan by phone, or online by following these steps:

  1. Calculate the cost of your loan
  2. Start an online application form
  3. Add your personal and loan details
  4. Click apply

Your loan application will then be assessed by a Conduit loans officer. If it’s successful, you’ll then receive your loan documents in the post, which you’ll need to complete and return.

Your funds will then be sent to your bank account within 3-5 working days. Alternatively, you can pay a £7 faster payment fee to receive your funds on the same, or next, working day.

Can I get a Conduit loan with bad credit?

Yes, it’s still possible to get approved for a Conduit loan even if you have bad credit. However, Conduit will run a credit check when you apply for a loan, and will only approve your application if it believes you can afford the loan and are likely to make your repayments.

Changing your loan: Additional borrowing options

You won’t be able to take out another Conduit loan until your first loan has been paid off. If you fail to repay your loan, Conduit will refer you to the debt recovery agency Credit Resource Solutions, who will pursue your unpaid debt.

Multiple loans allowed at the same time
Phone number0300 111 0556
LinkCheck eligibility

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

Read more on this topic

  • Wollit loans review July 2020 Wollit offers account top-ups for workers who don't earn a stable income. See how it works in our review.
  • SteadyPay loans review July 2020 SteadyPay is a subscription-based credit provider that aims to help those without a steady income.
  • Buffa short term loans review Buffa offers quick and easy short term loans, but with high rates and limited terms.
  • Updraft loans Updraft lets you avoid the cost of expensive overdraft fees by giving you a low cost loan when you overdraw on your bank account or credit card.
  • Uploan short term loans A "big sister" company to the better-known Peachy, Uploan offers small loans over terms of up to a year, to cover one-off expenses.
  • Overdraft statistics We find out how often Brits are going overdrawn in the UK and how new regulations are set to shake up the industry.
  • Loans like Credio Credio was a popular source of short-term credit online until the lender stopped issuing loans in 2018.
  • Cheque cashing If you need to cash a cheque, it can take three days to clear it with a bank. Cheque cashing services give you immediate access to your money.
  • Lending Stream loan calculator Considering a short term loan from Lending Stream? Use our calculator to work out how much it could cost you plus how much you could save by repaying early.
  • Sunny loan calculator Considering a Sunny short term loan? Use our calculator to work out how much you'll pay back. You can also compare Sunny against the competition and make sure you're getting the best deal.

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site