Lendable loan calculator 2025: Personal loan rates from 8.1%

Table: sorted by representative APR, promoted deals first

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Product	Finder Score	Loan amounts	Loan terms	Fee	Repayments
Finder score 10Excellent Lendable Personal Loan	Finder score 10Excellent	£1,000 - £25,000	1 year - 5 years	product.FEES.FEE	£292.21 (£10,519.44 overall) Representative Example: Representative 29.1% 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 29.1% APR fixed. Based on a loan of £7,500 and £465 arrangement fee for 36 months at 23.5% p.a. Total £10,849.1 repayable at £301.36 per month.	More info Compare product selectionCompare	loading

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Finder Score for unsecured loans

To make comparing even easier 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.

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

Late repayments can cause you serious money problems. See our debt help guides.

How do Lendable loans compare against the competition?

See today's rates from across the personal loan market.

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Key features of a Lendable loan

Loan type	Unsecured Personal Loan
Loan amounts	£1,000.00 to £20,000.00
Loan terms	2 Years to 30 Months
Loan rate type	Fixed
Fee	product.FEES.FEE
Same-day funding available
Instant decisions in most cases
Soft-search facility available
Joint applications
Overpay without penalty
Concurrent loans allowed
Topping-up pays off existing loan and initiates a new loan
Repayment methods	Direct Debit

APR and Representative APR explained

The Annual Percentage Rate (APR) is a summary of the yearly cost of a loan. It takes into account both interest and any unavoidable charges you'll need to pay (for example an arrangement/product fee) over the duration of a loan.

However, the vast majority of lenders tailor rates (and therefore APRs) to the individual applicant. If they think you're a riskier bet, they'll offset that by offering you a higher APR. The "representative APR" (as defined by the Financial Conduct Authority) is what Lendable gives to at least 51% of those who take out the loan. The other 49% could pay more. Lendable must calculate APR in the same way as other lenders, and must tell you your personal APR before you sign a loan agreement.

Lendable advertises a representative APR of 8.1% on loans between £0 and £0 on the Lendable Personal 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 9600
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:

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.
Soft credit check. This won’t affect your credit rating.
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.
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

Pros

Transfer speeds. Once you have been approved for a loan the money will usually be transferred to you within two hours.
Available with bad credit. Even if you have a poor credit rating you can still get a loan, just make sure you are trying to improve your financial situation.
Custom loans. You decide how much you need and for how long you need it.

Cons

Admin fee. Lendable charges you for using its services.
Lack of choice. There is only one type of loan available from Lendable.

Lendable customer reviews

In our independent 2025 customer satisfaction survey, 70% of Lendable’s users said they’d recommend the brand to a friend. Most customers praised the professional service, quick and easy application process and fast funding. Here’s what some of those Lendable customers had to say:

“Their application process was very simple and straightforward and I had my decision within minutes. Their APR is also very reasonable.”

“It was easy to apply for, easy to understand, easy to manage and I don’t have any bother with it.”

Lendable has received overwhelmingly positive reviews from customers on review platforms such as TrustPilot. It has an “excellent” TrustPilot rating and currently has a rating of 4.9 out of 5, based on more than 75,000 reviews (updated May 2025).

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.

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

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. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.

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All user-submitted reviews must meet our review guidelines. These set out our standards and expectations, including that the review is from by a genuine user of the relevant product or service and that it is honest, authentic and respectful. We explicitly prohibit fake or otherwise misleading reviews and we check all submissions, but we make no guarantee as to the authenticity of any published review or reviewer. Some reviews may be submitted (regardless of sentiment) in exchange for entry into any competition(s) for which we are the promoter.

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★★★★★ Kevin (Birmingham) 6 months ago