Lendable
Fast decision loans from £1,000 to £25,000, APR from 8.1% to 48.9%. No impact on your credit score to check your rate. Trusted, FCA regulated.
Lendable offers personal loans with flexible terms, promising swift decisions and funds paid the same day. Their loans range from £1,000 to £25,000, repayable over 1 to 5 years. Interest rates start from 8.1% APR and can go up to 48.9% APR depending on credit status. Checking your rate will not affect your credit score, and Lendable is both FCA regulated and highly rated by customers, with over 80,000 positive reviews.
How to Apply: Step by Step
- Visit the Lendable website and start your application.
- Provide some basic personal and financial details.
- Find out your personalised rate instantly without impacting your credit score.
- If eligible, review your loan offer and proceed to complete the application.
- Once approved, receive funds on the same day to your account.
Benefits of Lendable Loans
The Lendable application is speedy and entirely online, meaning no paperwork or unnecessary phone calls. Approved borrowers often receive funds the same day, a major advantage for urgent money needs. Lendable’s user reviews reflect satisfaction, and the process is secure and regulated. Their transparent fee structure ensures you never pay upfront fees before getting your loan.
Potential Drawbacks to Consider
Some customers in lower credit bands may find the representative APR relatively high, and there is a loan fee included in repayments. Additionally, not everyone will qualify for their lowest advertised rates, so actual costs may be higher based on your circumstances.
Our Verdict
Lendable provides a competitive and user-friendly loan experience, especially if you need money quickly and want clarity on what you’ll pay. The range of APRs is significant, but the ease of applying and speed of access make this a robust option for borrowers seeking flexibility and transparency.
