Lendable
Borrow £1,000 to £25,000 for 1-5 years, with rates from 8.1% to 48.9% APR. Get a quick decision and see your personalised offer – without impacting your credit score.
Lendable offers one of the fastest and most straightforward personal loan experiences in the UK. With amounts ranging from £1,000 to £25,000 and terms between 1 to 5 years, it stands out for its quick approvals. The interest rates start at 8.1% APR and go up to 48.9% APR depending on your credit profile. A representative example is a £7,500 loan over 36 months with a fixed interest rate of 19.4% p.a., a representative APR of 24.4%, and monthly payments of £286.70, amounting to £10,321.20 in total repayment, including a £445 loan fee.
How to Apply for a Lendable Loan
- Visit Lendable’s website and start your application.
- Enter your personal details and select your desired loan amount and term.
- Receive your personalised loan offer instantly, based on your profile.
- Review the offer, terms, and repayments before accepting.
- Confirm your details, and the money is typically sent the same day.
Pros – Speed & Simplicity
Lendable is known for extremely fast application and funding processes— many receive money on the same day as approval. The simple, digital process doesn’t require paperwork.
You can check your personalised quote without any impact on your credit score, making it easy to shop around without worry. Their high Trustpilot score and FCA authorisation build real confidence.
Cons – Fees & Rates
The main drawbacks are the potential loan fee and the high upper APR, which may apply to those with lower credit scores. Representative APRs can be above average for some applicants.
Always review your exact offer, including the total repayable and any fees, before accepting; your tailored rate will depend on your credit and financial situation.
Verdict – Who Should Apply?
Lendable excels for borrowers seeking fast funding, transparent offers, and digital convenience. If you prioritise speed and easy access under fair conditions, it’s worth considering.
Those with good to excellent credit will be more likely to benefit from Lendable’s lower rates, while all customers appreciate the ease and security of the process.