Lending Stream

Warning: Late repayment can cause you serious money problems

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Representative Example: Representative 1286.98% APR on a loan of £300.00 with 5 monthly repayments of £101.03 Total amount repayable £505.13 Annual interest rate (fixed) 290%


This article is not intended to contain information about, or advertise, products offered by us but is intended to contain information, give opinions or discuss generally available products/services.

Author: Internal Marketing Department


If you are in sudden financial trouble and need funds quickly in an urgent situation and have no other option but to take out a loan, yet you do not require the loan for a very long period of time, and neither will you be able to pay it back within a single month, then Lending Stream may be the correct option for you. These loans that Lending Stream provides will last for a period of 6 months or less depending upon the choice of the borrower. The application process of Lending Stream is also pretty simple. The decision will be relatively fast like it is in case of a pay day loan. 

For a first time borrower, Lending Stream allows the amount of £50 to £800 pounds to be borrowed. And if the borrower has successfully completed a loan with the Lending Stream in the past then they may become eligible for a loan of up to £1500 . The application process is quite simple. The borrower has the option to choose the amount they require within the above specified limits. The Lending Stream then does a personalized review based on the borrower’s situation. Personalized review will mean the Lending Stream will take into account your credit rating, credit history, if you have defaulted in loan payments in past or how much amount of loan you already have outstanding in the same or another agency, everything that relates to the borrower’s financial security matters and will be taken into consideration by the Lending Stream.

The decision of the loan application will be prompt and the borrower will be informed in a matter of minutes whether they have been provisionally approved, what is the amount they will be eligible for, how long the pay period will be all these details. If the loan application is rejected then they will inform the borrower of this. As the data regarding to why a Lending Stream loan has not approved a loan will not be shared to anyone, so even Lending Stream customer care executives will not have access to the data and they will not be able to provide this information.

The terms and conditions of the Lending Stream meet regulations mandated by Financial Conduct Authority. So before someone goes off signing in for a loan application, a lot of things are to be taken into account. The borrower should know how much amount they require, how long time they will be needing to pay off that loan amount. The borrower should decide if the repayment amounts shown are affordable, although Lending Stream will also do this because Lending Stream believes in the principal of responsible lending. However even with this it is good practice to get a hold of your own finances and know where you stand if you take a loan.

When will the installment be paid every month?

Lending Stream loans have been designed to set the payment date of the loans to fall on the date you are paid by your employer. So if some borrower has a salary biweekly of monthly, then he will have to pay accordingly twice or once a month. The Lending Stream loans will stretch over a period of 6 months; however other lenders may offer a longer period up to 12 months.

What is the eligibility criteria for a Lending Stream loan?

For being eligible to receive a Lending Stream loan, the borrower will need to be a resident of UK who is at least 18 years of age. They also require to have a valid debit account which will be used for repayment for the Lending Stream Company. The monthly amount will be automatically deducted from that account. The borrower should also have a valid bank account to receive the loan amount when borrower credits it. For people who are self-employed or non-employed Lending Stream do not accept applications. However if any of them have a monthly source of income and can prove this they might be eligible for a Lending Stream loan.

What happens when the borrower defaults on a loan?

The Lending Stream have pretty strict regulations regarding what procedure to follow in case a borrower defaults a loan. First time of the defaulting they will apply a charge of up to £15 to the account of the borrower. If it happens again then they will charge the borrower the remainder of the £15 as long as they had not charged the full £15 before. If you know you are going to struggle to make repayments you should let Lending Stream know that you are having problems making the installments either by telephone or through email. FCA regulations say they are bound to help and make out a solution for such financial hardship cases.