Lendable Loans
Borrow £1,000 to £25,000 from 8.1% APR, up to 5 years. Decisions in seconds, no upfront fees. Friendly, regulated, trustworthy and super-fast funding.
Lendable personal loans stand out for their rapid approval process and fair approach, which appeals to many UK borrowers. They can offer loans from £1,000 up to £25,000, repayable over one to five years. Rates range from a competitive 8.1% APR up to 48.9% APR, depending on your credit profile. Their representative example is £7,500 over 36 months with fixed payments of £286.70 at 19.4% p.a. (fixed), 24.4% APR, and a total repayment of £10,321.20 including fees. There are no upfront fees before you receive your loan, adding an extra layer of reassurance.
Application: Step by Step
- Check your rate online without affecting your credit score.
- Fill in the paperless application, providing your essential details.
- Review your personalised offer.
- If happy, accept the terms and your funds are transferred quickly.
What Makes Lendable Stand Out
Speed is a major advantage: Lendable can fund your account the same day, sometimes within minutes. Their digital-first approach also means no paperwork or lengthy forms.
They are highly trusted, holding over 80,000 positive customer reviews and a 4.9-star Trustpilot rating. As they’re FCA regulated, you’re dealing with a reputable lender.
A Couple of Drawbacks
The higher end of the APR scale for some credit profiles can be expensive compared to standard bank loans. Not all applicants will receive the lowest advertised rates, as rates depend on your personal credit.
Fees are included in the total amount payable, so it’s wise to review total costs before you commit. Eligibility is mostly for UK residents with established credit histories.
Verdict: Should You Consider Lendable?
If you value speed, clarity, and flexibility, Lendable is a solid option. Their no-pressure quote system makes it easy to check your eligibility with no harm to your credit score.
For those seeking same-day funds and a trustworthy lender, Lendable ticks many boxes. However, be sure to review your personalised rate before deciding if it’s the right fit for you.