LiveLend is a direct lender (not a broker) that was set up in March 2016 with the stated aim of providing simple and fast personal loans arranged entirely online. You can manage your loan easily, including speaking to an advisor over instant messaging, through your online account. LiveLend is a trading name of Chetwood Financial Ltd.
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 methodologyPlease 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.
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 methodologyPlease 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.
LiveLend won’t charge you a fee for taking out your loan, repaying it early or even if you miss a repayment (but missing a payment will mean you’ll pay more in interest and will hurt your credit score).
LiveLend’s “Reward Loan” is a pretty original concept. Throughout the term of your loan, LiveLend will check your credit score every three months, and if it improves significantly, then your interest rate will too – automatically. These credit checks won’t affect your credit score, and the good news is that it doesn’t work the other way – in other words, if your score gets worse, your rate doesn’t go up.
The biggest advantage of taking out a LiveLend personal loan is that your loan rate may be reduced if your credit score improves. LiveLend also has no fees on your loan at all meaning you can overpay without penalty to clear your debt sooner. Other features include easy same day access to funds once you’ve been approved and a wide range of choices for your repayment terms.
| Loan amounts | £1,000 to £12,000 |
|---|---|
| Loan terms | 12 months to 60 months |
| Loan rate type | Fixed |
| Same-day funding available | |
| Instant decisions in most cases | |
| Soft-search facility available | |
| Overpay without penalty |
All lenders must calculate the APR of their products in the same way, and must tell you the APR before you sign an agreement, so for consumers it can be a handy tool for comparison.
Bear in mind, however, that lenders are only obliged to award their advertised representative APR to 51% of customers – the other 49% could pay more.
You should only apply for a LiveLend personal loan if you’re certain you can meet the repayment terms. You must also:
LiveLend does not offer joint applications, guarantor loans or loans to businesses.
Use the online loan calculator to choose the loan amount you want over your desired repayment term, then click “Get my quote”. You will be given a quote in just 2 minutes.
LiveLend will retrieve your quote in a way that won’t impact your credit score. The rest of the application will take around three minutes and once approved, you can expect the money in your bank account in under four hours.
LiveLend has received overwhelmingly positive reviews from customers according to review site TrustPilot. It currently has an “excellent” TrustPilot rating, with a score of 4.5 out of 5, based on more than 3,800 reviews (updated August 2023). Many customers praised the quick and easy application process, and fast funding once their loan had been approved.
If approved, Livelend lets you take a proactive approach to your loans by giving you the chance to improve your interest rate as your credit score increases.
The results of the Finder Customer Satisfaction Awards 2025 are in, and the winner of the personal loans category has been decided.
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