Lendable Loans
Lendable offers personal loans from £1,000 to £25,000, with rates from 8.1% to 48.9% APR. Fast approval, no upfront fees and flexible terms up to 5 years.
Lendable offers speedy personal loans in the UK for those seeking quick access to funds, transparent terms, and clear rates. As an unbiased reviewer, I have explored its offerings, APR range, and application experience. Lendable is authorised and regulated by the FCA and has an excellent Trustpilot rating. Loan amounts range between £1,000 and £25,000, with terms from one to five years. Offered APRs span from 8.1% to 48.9%, depending on your credit score. For example, a £7,500 loan over 36 months at a representative APR of 24.4% includes a loan fee but secures fast access to your funds with no hidden setup charges.
How to Apply: Step by Step
- Start by using Lendable’s online platform to see your rate without affecting your credit score.
- Select the amount you wish to borrow and the repayment period, from 12 to 60 months.
- Fill in your details and submit the application. No paperwork is needed—the process is fully online.
- Review your personalised offer and accept the terms if you’re happy.
- Receive your money—often on the same day your application is approved.
Advantages of Lendable Loans
One of the key advantages is the lightning-fast approval; applicants often get funds the same day. There are no upfront fees before loan disbursement, making it trustworthy for users.
Additionally, Lendable’s online calculator shows your estimated rate before you apply, all without any impact on your credit score.
Drawbacks to Consider
Interest rates can be high for those with lower credit scores, with APRs reaching up to 48.9%. The representative fee is also included in the total repayment amount.
Applicants with limited or poor credit may find monthly payments less manageable compared to mainstream lenders.
Our Verdict
Lendable stands out for its efficient process, high customer satisfaction, and fair display of rates. However, borrowing costs can rise for those with weaker credit. Overall, it’s a strong choice if you need a swift loan and value transparency.
