Lendable loan calculator

Use our Lendable loan calculator to get an idea of how much you'd pay back on a fixed-rate, unsecured Lendable personal loan as a new or existing customer. Loan amounts between £1,000 and £25,000 with rates starting from 8.1%.

4.3 ★★★★★ (52 reviews) Write a review
Lendable
Table: sorted by representative APR, promoted deals first
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Product Finder Score Loan amounts Loan terms Fee Repayments
Lendable logo
Finder score
Finder score
£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.
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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.

Read the full methodology

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.

Key features of a Lendable loan

Loan typeUnsecured Personal Loan
Loan amounts£1,000.00 to £20,000.00
Loan terms2 Years to 30 Months
Loan rate typeFixed
Feeproduct.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 methodsDirect 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:

  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

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.

Your reviews

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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.

10 of 52 reviews

★★★★★ Kevin (Birmingham) 6 months ago

Via customer survey commissioned by Finder

Never had a problem with them. They changed my direct debit easily and always send me a reminder the week before it's due


★★★★★ Steph (London) 6 months ago

Via customer survey commissioned by Finder

I have been struggling to pay and they have been understanding


★★★★★ Samantha (Liverpool) 6 months ago

Via customer survey commissioned by Finder

I don't feel their customer care is that great


★★★★★ Carrie (London) 6 months ago

Via customer survey commissioned by Finder

It was easy to apply for, easy to understand, easy to manage and I don't have any bother with it


★★★★★ Sharon (Brighton) 6 months ago

Via customer survey commissioned by Finder

Obscene interest charges. Poor quality app and website.


★★★★★ Brian (Belfast) 6 months ago

Via customer survey commissioned by Finder

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


★★★★★ Malcolm (Plymouth) 6 months ago

Via customer survey commissioned by Finder

Easy to deal with and not massively expensive


★★★★★ Nick (London) 6 months ago

Via customer survey commissioned by Finder

Reasonable rate of interest. They issue timely statements. There website is safe and secure.


★★★★★ Jess (Bristol) 6 months ago

Via customer survey commissioned by Finder

I got a good rate for the amount I wanted


★★★★★ Sophia (Belfast) 6 months ago

Via customer survey commissioned by Finder

Appliction was not easy


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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 540 Finder guides across topics including:
  • Loans & credit cards
  • Building credit
  • Financial health
  • Share trading

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