Lending Stream Loan: High-Cost Credit, Last Resort Only

The Quick Version

Lending Stream offers short-term loans ranging from £50 to £1,500, with an eye-watering APR that starts at 99.9% and can soar up to 1,333%. This is high-cost credit, best used as a last resort after exploring all other options, such as credit unions or lower-interest alternatives. source

Rates shown are representative. Your actual rate depends on your credit profile. This is not financial advice.

The Numbers

New customers can borrow between £50 and £800, while existing customers may access up to £1,500. The loan term ranges from 3 to 6 months. A representative example: borrow £300 over 6 months, and you'll end up repaying a total of £578.36, which includes £278.36 in interest. The representative APR is a staggering 1,271%, according to Lending Stream's official page.

What's Actually Good

Lending Stream approves applications quickly, often in minutes, and considers those with bad credit. It has served over 900,000 customers, and boasts a 4.8-star rating from more than 33,000 reviews on Trustpilot.

The Catch

The APR is sky-high, making this option extremely expensive. Even a small loan can balloon into a much larger repayment, which could be financially crippling if you're not careful. Only use this service if you're in dire straits and have no other options.

Who Benefits Most

This loan is best suited for UK residents over 18 with a regular income who need quick cash and can handle the high interest rates—and have exhausted all other options, including credit unions and personal connections. It's not for those looking to manage debt responsibly over the long term.

The Bottom Line

If you absolutely must borrow money and have no other options, Lending Stream can provide quick cash. However, be prepared to pay heavily for the convenience. Consider every other alternative first.