Lending Stream Review







Company Name: Lending Stream
Trading name of: Lending Stream LLC

Registration Number: 4124111
FCA Registration Number: 689378
Representative APR: 483%
Maximum Loan Amount: £800
Loan Term: 1 to 6 months
Cost to Borrow £200 for 6 months: £318.32
Representative Example: Representative Example: Representative APR is 483%, if you borrow £200 over 6 months at 186.15% p.a. (fixed) your first repayment will be £20.40 followed by £70.60, £62.85, £60.81, £51.83 and £45.71 the following months. You will repay £312.20 in total, there are no additional fees. This rate is available to new customers applying through this channel.

Hidden Fees: none (registration is free, no processing fees)
Late Fees: up to £15
Promo Code: NO
Contact[email protected] / 0203 365 0133 (Call charges apply. Standard charges from BT, landlines, mobile and other providers may vary)

Requirements to apply: you must be at least 18 years old, be a UK resident with an active UK bank account and have a debit card. You also need to have a regular monthly income of at least £400.

  • Loan Amount and terms
Lending Stream provides short term loans since 2008 and is fully authorised by the FCA (#689378).

They have a ''no-fee loan'' policy that means there do not charge fees for anything. No application fee, no transaction fees and no realy repayment fees. 

New customers can apply for a loan of £50 to £800 whereas return customers can borrow up to £1,500

Terms are 1 to 6 months with monthly repayments.

  • Customers' feedback
According to review on TrustPilot, customers are overall very satisfied by their services as 84% have rated Lending Stream with 5 stars. 

Overall they have a grade of 9.4 out of 10









According to reviewcentre.com, 94% of users would recommend Lending Stream to a friend.

Here is some data about their clients:
- 56% male
- average age: 32
- most live in London (22%)

  • Application process and Eligibility
The application process is quite standard: you choose the desired loan amount, fill in your personal data, where you live, where you work, your bank information.

Lending Stream claims that their ''customers are more than just a number'' so they do not just look at the credit check report but also look at other personal circumstances. However they do not hide that they have strong data science people in-house (''we know our stuff when it comes to data science''), hence do not expect too much custom decision as it implicitely says that most of the decision is automated.

You are eligible if you :
    • are UK resident 
    • are aged 18 or over
    • are employed and earn at least £400
    • have a current account 
    • have an active debit card
  • Repayment
They have a flexible plan that allows customers to pay back their loan early without additional fees or penalties. They can also modidy your repayment schedule should any unexpected even arise.

If you do not repay on time, they will apply a default charge of up to £15 on the first occasion.
If any other due repayment is not paid on due date, they might apply an additional charge.
However, all late repayment charges combined will never be higher than £15.



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Warning: late repayment can cause you serious financial issues. Get help on moneyadviceservice.org.uk.