Lending Stream Reviews, Loan Calculator and Complaints

(147 customer reviews)

Average Customer Rating

Is this you?

Acceptance Criteria

You may not need to provide any documents, they will inform you when they receive your application
You don't need to have a perfect credit history
You must be 18 years of age or older to apply
You must be working full time or part time earning £750 per month

You do not need to have been a UK resident for any specified length of time
You need to have a bank account with a debit card
You cannot be within your bank overdraft
You must be paid either monthly or four-weekly

Loan Details

Representative APR

3043.8%

Loan Amount

£50 - £1,000

Repayment Period

Minimum Term 1 month

New customers up to £600 - 6 months

Existing customers up to £1000 - 6 months

Repayment Method

Deducted from your debit card

Speed To Payout

Express Cash (£15 charge):

Approved before 3pm - same day transfer

Approved after 3pm - next business day transfer

BACS: 3 working days

Arrangement Fee

No Fee

Payment Holidays

If you are going to struggle to make the payment, you must notify them in advance. This ensures that you are not charged with an additional £40 fee

Payout Method

Express Cash Transfer (rapid transfer directly into your bank account)

BACS (transfer directly into your bank within 3 days)

Income Protection Available

No

Average Customer Review

(147 customer reviews)

Loanfinder Ranking

303rd for APR of 423 loans in the UK (See Lender League Table By APR)
77th for Customer Satisfaction (See Customer Reviews)

About Lending Stream

Lending Stream respond to your needs, by getting you the money same-day. They can help you by lending up to £600 if you are a first-time customer. Regular customers can take out up to £720. They offer their loans over either 4, 5 or 6 months so you can spread the loan out over a longer time. Be aware the longer you have the longer for, the more it is going to cost you.

You can apply online at Lending Stream or over the phone. To apply online, just complete their really easy application form on their website. They will tell you straight away if you are declined. If you're not declined, they will contact you with a provisional decision. In some cases you may need to send documentation in to prove you can afford the loan, but this is only in select cases. If approved, you will have to complete an electronic agreement online with an electronic signature. A customer service representative will contact you after this and confirm some more details. If approved before 3pm on a working day, for £15 the funds can be transferred to your account on the same day. If you choose the normal BACS transfer, it can take about 3 working days to transfer.

The charge for credit will be either £20, £25 or £30 per £100 borrowed a month, depending on your individual application and Lending Stream's discretion. Things that will affect this will be your credit history, employment status and your credit score. Credit checks are performed for this loan so if you have poor credit then this may not be for you. Consider your options if you feel that you may not be so good at paying things back on time as being put into their collections processes will also lead to a £40 charge being added. If you think you're going to fall into trouble repaying them, just contact them to set up a payment plan. They can temporarily freeze the interest and you make small monthly payments. There are no express cash transfers over the weekend.

Charges

Default Fees	Default Fee - £10.00
Early Settlement Fees	No Early Settlement Fees
Other Fees	Collections (failure to repay the loan) - £40.00 Express Transfer fee - £15.00
Monthly Arrears Fees	Arrears Fee - £12.00