Lendable
Borrow from £1,000–£25,000, rates from 8.1%–48.9% APR, get approved in minutes, with no fee before the loan and transparent terms.
Lendable offers personal loans ranging from £1,000 to £25,000, with repayment terms between one and five years. You can get a quick decision, and sometimes, funds can be in your account within hours. The interest rates are competitive, starting as low as 8.1% APR and going up as high as 48.9% APR, depending on your credit profile. A representative example is a £7,500 loan over 36 months at a fixed 19.4% interest rate (24.4% APR), resulting in monthly payments of £286.70. Lendable is authorised and regulated by the FCA, providing peace of mind and security for applicants.
How to Apply for a Lendable Loan
- Check your rate online – no impact on your credit score.
- If you like the offer, proceed with a full application.
- Submit supporting documents if required.
- Sign your agreement electronically.
- Funds are usually transferred the same day after approval.
Pros of the Lendable Loan Offer
One significant benefit is the speed and transparency of the process. You can see your rate without impacting your credit score, allowing you to compare offers confidently.
Another standout pro is customer satisfaction, with over 80,000 reviews on Trustpilot. The company’s user-friendly platform and clear, upfront costs make borrowing simple and stress-free.
Cons of the Lendable Loan Offer
The upper APR range can be quite high for those with less-than-perfect credit, which could make repayments less affordable for some applicants.
Additionally, not everyone will receive the advertised low rates, as these are reserved for those with excellent credit profiles.
Our Verdict
Lendable stands out as a fast, transparent, and friendly loan provider. It’s particularly well-suited for those seeking quick funds with clear and simple terms. While higher APRs are possible for some, the ease of checking your eligibility and straightforward process makes it a top choice for personal loans in the UK.
