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Lending Stream short term loans review

Lending Stream offers short-term loans that you pay back over 6 months, designed as an alternative to traditional “payday” loans.

With a traditional payday loan, you would borrow for a very short period of time, and make a single repayment on your payday. Lending Stream believes that if you need to borrow hundreds of pounds right now, you may well struggle to pay it back in just a few weeks’ time. So with a Lending Stream loan borrowers can spread the cost of the loan over 6 months – making 6 smaller monthly payments, with each payment paying off part of the capital (the original amount borrowed) as well as the interest accrued so far.

This means that you’ll pay more in interest overall, however the good news is that you can pay back a Lending Stream loan early and save on interest.

warning icon Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.

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

Key features of a Lending Stream short-term loan:

  • Loans from £50-£1500. New customers can apply to borrow up to £800, and returning customers up to £1,500.
  • 6 month loan term with monthly repayments. Unlike traditional payday loans which are repaid in one lump sum on your next payday, Lending Stream spread out your repayments into monthly chunks.
  • Repay early and save interest. The early repayment options available are not associated with any fees or cost.
  • Quick cash. Get your cash within minutes of your application being accepted.
  • Credit scores. Financial difficulty doesn’t necessarily mean you’re bad with money. That’s why Lending Stream considers more than just your credit score when assessing your application.

Compare Lending Stream loans against services from a range of lenders

As well as comparing short-term loans with other types of credit, before you apply for a loan, it’s a good idea to shop around and compare a range of lenders. You can use the tool below to get an idea of how much the loan that you have in mind might cost.

How much do you need to borrow?


How long do you need to borrow for?


Name Product Available Amounts Monthly repayment Total payable
£50 to £800
Representative example: Borrow £200 for 6 months at a rate of 292% p.a. (fixed). Representative 1333% APR and total payable £386.61 in 6 monthly payments of £64.44.
£300 to £800
Representative example: Borrow £400 for 4 months at a rate of 255.5% p.a. (fixed). Representative APR 939.5% and total payable: £597.48 in 4 payments of £149.37.
£150 to £5,000
Representative Example: Borrow £350 for 6 months at a rate of 220% p.a. (fixed). Representative 651.4% APR and total payable £605.55 in 6 monthly payments of £100.93.
£100 to £1,000
Representative example: Borrow £400 for 6 months at a rate of 259.33% p.a. (fixed). Representative APR 947% and total payable: £750.78 in 6 monthly payments of £125.13.
£50 to £1,000
Representative example: Borrow £250 for 74 days at a rate of 292% p.a. (fixed). Representative APR 1300.5% and total payable: £398.00, in 1 payment of £74.00 and 1 payment of £324.00.
£300 to £1,000
Representative example: Borrow £500 for 5 months at a rate of 292% p.a. (fixed). Representative APR 1,297% and total payable: £867.05 in 5 instalments of £173.41.
£100 to £1,000
Representative example: Borrow £480 for 9 months at a rate of 133.1% p.a. (fixed). Representative 535% APR and total payable £959.04 in 9 monthly payments of £106.56.
£50 to £200
Representative example: Borrow £80 for 29 days at a rate of 292% p.a. (fixed). Representative APR 1281.8% and total payable: £98.56, in 1 payment of £98.56.

Compare up to 4 providers

Important information:
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
Moneyboat Short Term Loan
On Stride Personal Loan
Peachy Loan
QuickQuid Short Term Loan
QuidMarket Short Term Loan
Satsuma Short Term Loan
247Moneybox Payday Loan

What can I do with the Lending Stream app?

Is high-cost, short-term borrowing a good idea?

Payday loans, and high-cost, short-term credit generally are a very expensive method of borrowing and should only be considered as a last resort. They may not solve your money problems, and are not a good idea for borrowing over longer periods, or for sustained borrowing.

Before you apply for a payday or short-term loan, make sure you’ve considered other options. Is the expenditure that you’re planning absolutely essential? If you can defer a purchase then you could save yourself money in the long run. If you’re struggling to pay a bill, then why not talk to your electricity, gas, phone or water provider to see if you can work out a payment plan? Read more about alternatives to payday loans at moneyadviceservice.org.uk.

How does a short term loan from Lending Stream work?

Lending Steam offers instalment loans which are paid back in monthly chunks for 6 months, which borrowers may find easier to manage than a single-repayment payday loan.

To secure a loan with Lending Stream, firstly you’ll need to apply online. Once Lending Stream has considered your circumstances and completed its credit and affordability checks, it will let you know if your application was successful or not online.

Once accepted, your loan will be streamed to you within minutes. From then on you’ll be charged daily interest on your outstanding loan balance. You can repay your loan either in monthly instalments or you can make individual payments online.

What are the different repayment options?

There are two main ways to make repayments on your Lending Stream loan:

  • Lending Stream takes out the agreed amount from your nominated account each month. This will happen on a specified date, and you’ll get a reminder so that it’s not a surprise. Lending Stream uses a continuous payment authority (CPA) to do this.
  • You make individual payments through your account. You can do this either on the Lending Stream site or through the Lending Stream app. You can also make overpayments using this method, which could save you money in interest.

In addition to the methods above, you can pay by cheque, set up a direct debit or call customer services (0203 365 0133) to make a payment.

What is a continuous payment authority (CPA)?

A CPA is a recurring payment in which you give a company permission to withdraw money from your account on a regular basis.

CPA’s differ from direct debits because they give the company being paid the ability to withdraw money from your account whenever they wish, and to take payments of different amounts without consulting you. Most payday loan companies will use CPA’s to collect your repayments, however you can cancel this at any point by either consulting with your provider or your bank.

What are the eligibility requirements?

  • You must be a UK citizen.
  • You must be 18 or over.
  • You must be in regular employment with a monthly income of at least £400.
  • You must have an active bank account and valid debit card.

Did you know?

In 2015 the Financial Conduct Authority (FCA) capped interest and fees on all high-cost short-term credit loans at 0.8% per day.

It additionally capped all default charges at £15 and the total cost (interest, fees) of loans at 100% of the original sum. This means you’ll never have to pay more than double the amount borrowed.

How do I apply for a loan from Lending Stream?

  1. Choose the size of your loan.
  2. Fill out your personal details.
  3. Your individual situation will be analysed, including through affordability and credit checks.
  4. Receive your online decision.
  5. Accept your loan offer.
  6. Your cash will be streamed to you.

Additional Borrowing Options

Lending Stream allows customers to apply for more than one short-term loan. However, it can not guarantee this will be accepted. Remember, short-term loans are an expensive way to borrow and should not be used for sustained borrowing over longer periods.

Frequently Asked Questions

*Disclaimer: The offers compared on this page are chosen from a range of products whose details Finder has access to track; they don't represent all the products available in the market. Unless indicated otherwise, products are displayed in no particular order or ranking. The terms "best", "top", "cheap" (and variations) are not product ratings and are subject to our terms of use. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

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