Lendable loan calculator

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Finder Score	Loan amounts	Loan terms	Fee	Repayments
Promoted Finder score 8Great Lendable Personal Loan	Finder score 8Great	£1,000 - £25,000	1 year - 5 years	3%	£292.21 (£10,519.44 overall) Representative Example: Representative 23.8% APR fixed. Based on a loan of £7,500 and £225 arrangement fee for 36 months at 23.5% p.a. Total £10,519.44 repayable at £292.21 per month.	Representative Example: Representative 23.8% APR fixed. Based on a loan of £7,500 and £465 arrangement fee for 36 months at 18.6% p.a. Total £10,242.72 repayable at £284.52 per month.	Check eligibility View details Compare product selection Compare	loading

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Finder Score for unsecured loans

To make it even easier to compare and evaluate unsecured loans we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.

Read the full methodology

• How our calculator works

  Our calculator lets you pick how much you want to borrow over a time frame that suits you, so you can estimate how much you would pay back each month and pay back overall. We base our calculations on Lendable’s representative APR, but it’s important to note that your circumstances can affect the rate you’re offered.

Key features of a Lendable loan

Is Lendable a peer-to-peer service?

No, Lendable is not a peer-to-peer (P2P) service.

P2P lending directly connects borrowers and lenders, allowing individual lenders to assess and fund loans, Lendable operates differently. Although it’s possible for “institutional investors” to invest in its loans, Joe Public can’t as yet.

The key features of Lendable loans

There are several features to know about before taking out any loan, and Lendable is no different:

• Repayment instalments are non-negotiable once you have agreed on the amount, except if you wish to make early repayments or pay off the loan in full.
• Loan amounts range from £1,000 to £25,000, and lengths are from 1-5 years.
• Rates are dependant on the amount and length of the loan, and are additionally tailored to the individual borrower.
• Rates and fees are competitive compared with challenger banks and specialist loan companies.

Am I eligible for a Lendable loan?

You should think carefully before taking out any loan and make sure you can meet their repayment terms, and you must meet the following criteria:

• Aged 18 or over
• Earn at least £9,600
• UK resident, and have lived in the UK for at least 3 years
• Have a current account with a UK building society or bank
• Have no county court judgements and have never filed for bankruptcy
• If you have an incredibly poor credit rating, you may be refused a loan

Ensure you can repay the loan before borrowing, as failure to make repayments can incur large fees.

How do I apply?

Application is quick and simple. The steps of the application go as follows:

1. Request a quote. To get your quote you must fill in a form detailing your loan amount, the repayment term and the reason for borrowing. You must also give your name, address, contact details and employment status, along with your income.
2. Soft credit check. This won’t affect your credit rating.
3. Quote. Lendable decides instantly whether it can offer you a quote, at which point you must review the terms, rates and repayment and decide whether the loan is for you.
4. Approval. If your loan is approved, you should receive your money within hours, depending on weekends, evenings and bank holidays.

Lendable states that the loan transfer is “pretty much immediate but can take up to two hours”. The transfer may take longer in the evening, on weekends and on bank holidays.

Pros and cons of Lendable loans

What do customers say about Lendable?

87% of customers we surveyed in 2026 would recommend Lendable to a friend.

It is noted for its exceptionally fast application process and quick payout of funds. The platform is highly transparent, allowing users to easily track their balance and make additional overpayments without hassle. Furthermore, the customer service team is praised for being understanding and helpful in arranging alternative plans if customers struggle with repayments.

However, some users noted that the standard interest rates can be quite high.

AI-generated summary from the text of customer reviews on Finder.

The bottom line

Lendable prides itself on offering a quick and simple personal loans platform. If you think you’re likely to repay your loan back early then Lendable may be worth considering as it currently doesn’t charge any fees or penalties for making overpayments or repaying your loan in full. If Lendable is not for you, you can find similar loan providers here.

Lendable also has a credit card, targeted at a similar audience as its loans. Formerly known as the Level credit card, it has rebranded as the Zable card.

Frequently asked questions

• Can I change my repayment amount

  It’s not possible to reduce your monthly repayment amount. However, Lendable allows you to increase your monthly repayments (meaning your loan gets paid off quicker) by making extra repayments towards your loan.

• When will I get a decision?

  Once you’ve applied for a Lendable loan, your application will be reviewed with the decisions team. Once approved, funds can be in your account in 2 hours.

• What is a soft search?

  A soft search allows you to receive as many quotes as you like without leaving a footprint on your credit file. This stops you from applying for the wrong products and harming your credit score, which would make it harder to be accepted for the right loan in the future. You can then choose which individual quote is right for you and you can proceed with that application.

• Can I change my repayment day?

  Yes. You can change your repayment date to a day that is more convenient for you by emailing Lendable at contact@lendable.co.uk.

• Will Lendable affect my credit score?

  No. Unlike most lenders, Lendable only performs a soft credit search, meaning that requesting a quote from Lendable will have no effect on your credit score.

• Who owns Lendable?

  Martin Kissinger is the founder and CEO of Lendable. The idea for business was inspired by Lendico, a peer-to-peer lending business he set up for Rocket Internet in Germany around 2012.

Written by

Chris Lilly

Head of publishing

Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio

Chris's expertise

Chris has written 519 Finder guides across topics including:

• Loans & credit cards
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