Lendable Loans
Lendable offers quick loans of £1,000–£25,000, with instant approval and no impact on your credit. Rates from 8.1% to 48.9% APR. Get funds the same day!
Lendable is a direct lender known for delivering quick, fair and transparent personal loans across the UK. With loans available between £1,000 and £25,000 repaid over one to five years, it appeals to many different financial needs.
Interest rates range from 8.1% to 48.9% APR depending on your credit profile, and Lendable stands out by letting applicants see their soft-checked personalised rate upfront, without affecting their credit score.
Applicants benefit from same-day payouts, no upfront fees before receiving funds, and FCA regulation ensuring both compliance and consumer safety. For example, a £7,500 loan over 36 months comes with a 19.4% fixed interest rate, yielding a 24.4% representative APR and a total repayment of £10,321.20.
How to Apply: Step by Step
- Visit the Lendable site and enter the amount you wish to borrow and your preferred term.
- Fill in straightforward personal and financial details to receive your soft-checked quote.
- Review your instant offer—including the rate and all fees—without impacting your credit score.
- Accept the offer and complete any final checks if you are happy with the terms.
- Funds are typically sent to your account the same day your agreement is approved.
Pros of Lendable Loans
Lendable allows you to see your exact offer before committing, so you always know the real rate. This transparency helps borrowers avoid nasty surprises.
Fast, hassle-free online applications combined with instant decisions and speedy same-day funding set Lendable apart from traditional lenders. Support is also genuinely friendly and responsive, 7 days a week.
Cons of Lendable Loans
While Lendable serves a wide range of credit backgrounds, rates can be high—especially for applicants with weaker credit scores, sometimes up to 48.9% APR.
There is also a loan fee included in the repayments. This makes it particularly important to check the representative example and ensure you are comfortable with the full cost.
Verdict
As an independent reviewer, I am impressed by Lendable’s transparency, speed, and convenience. The soft-check and instant quote process really does make things easier for borrowers.
However, as with any credit product, careful review of your offer and responsible borrowing are essential—especially for those in the higher APR bands. For those needing quick funds at a fair, personalised rate, Lendable is a top UK choice.