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Lending Stream: Last Resort Payday Loan Option
With APRs up to 1333%, Lending Stream is for emergencies only. New customers can borrow between £50 and £800.
The Quick Version
Lending Stream offers emergency short-term loans with APRs ranging from 99.9% to an eye-watering 1333%. It's FCA regulated and considers bad credit, but this is undeniably high-cost credit. Use it only if you're out of all other options.
Rates shown are representative. Your actual rate depends on your credit profile. This is not financial advice.
Lending Stream Short-Term Loan
Lending Stream's high APR makes it a last resort choice for urgent cash needs.
The Numbers
According to Lending Stream's official page, new customers can borrow from £50 to £800, while existing customers may access up to £1500. The representative APR is 1271%, with a total repayment of £578.36 on a £300 loan taken over six months. Monthly payments would be £96.39.
What's Actually Good
Approval is quick, often just minutes, and the company is open to those with bad credit. Lending Stream claims over 50,000 applications are approved monthly, and it has a strong Trustpilot rating of 4.8 from over 33,620 reviews.
The Catch
The staggering APR rates, which can peak at 1333%, make this a very costly option. The short repayment term of 3-6 months could mean high monthly payments, making it unsuitable for those who cannot repay quickly.
Who Benefits Most
This loan is best for individuals with low credit scores who face an emergency and have exhausted all other borrowing options, including credit unions. It's crucial for borrowers to have a regular income and a bank account.
The Bottom Line
If you're truly in a financial bind and other options are off the table, Lending Stream can provide quick cash. But be prepared for significant repayment costs. Only proceed if you're confident in your ability to repay promptly.
