Mr Lender Loans – Compare Alternatives
Looking for options beyond Mr Lender? Lending Stream is a direct lender offering short term loans from just £50 to £800. Existing customers can borrow from £100 to £1,500. We offer short term loans to UK customers and provide instant decisions. If approved, we’ll send the funds to your bank in 90 seconds*. Try Lending Stream today.
Representative Example: Given a Representative APR of 1271%, if you borrow £300 over 6 months at 292% p.a. (fixed), you would owe 6 equal repayments of £96.39. You will repay £578.36 in total.
Not all applications will be approved for a loan. An offer of credit is subject to status and affordability checks.
Representative Example: Given a Representative APR of 1271%, if you borrow £300 over 6 months at 292% p.a. (fixed), you would owe 6 equal repayments of £96.39. You will repay £578.36 in total.
Not all applications will be approved for a loan. An offer of credit is subject to status and affordability checks.
Why choose Lending Stream for short term loans?
Trusted
Rated Excellent on Trustpilot with 30,000+ reviews by customers across the UK.
Direct Lender
Lending Stream is a FCA authorised and regulated direct lender, offering short-term loans without any hidden fees.
No early repayment fees
Repay in 6 monthly instalments. We don’t charge for early repayment.
Fast
Apply online 24/7 with decisions in seconds. If approved, cash is sent to your bank in 90 seconds.*
Who are Mr Lender?
Mr Lender is a trading name of PDL Finance Limited. They offer short term loans of £200 to £1,000, repaid over 3 to 6 months. First-time customers can borrow up to £500.
Mr Lender says approved funds may reach your account within one hour of approval or by the end of the day, depending on your bank.
Lending Stream – an alternative lender to Mr Lender
When comparing lenders, look at the total cost of borrowing. Check the application process and customer support too. If you’re considering Mr Lender, Lending Stream may be worth comparing. Here’s where we’re different.
Accessible eligibility criteria
Not everyone fits the same mould. So we built our criteria to be accessible. You can apply if you are in regular employment, earning at least £400 a month. Moneyboat’s eligibility criteria ask for a regular income of £1,000. Meeting our lower amount does not guarantee approval. We run a full credit check and affordability check on every application. This makes sure any loan we offer is one we think you can afford to repay.
Borrow from just £50
Borrow only what you need from just £50. Lending Stream lets new customers borrow from £50, well below the £200 minimum Moneyboat requires.
Fast decisions and transfers
Our online form takes minutes to fill in. And you get a decision in seconds. If we approve you, we aim to send funds to your bank within 90 seconds. It may take longer to reach your account, depending on your bank’s processes. We’re quicker than Mr Lender, who aim to transfer the funds to your account within one hour. Or at the latest by the end of the business day.
Excellent customer reviews
We’re rated Excellent on Trustpilot. We have over 30,000 reviews from customers across the UK. Our customer service team is on hand if you have questions about your loan or need support with repayment.
Can I borrow from Lending Stream with a poor credit score?
Yes, you may still be able to borrow with us. When you apply, we look beyond just your credit score. We also consider your income and your current finances.
Approval is never guaranteed. It depends on your credit and affordability checks. Our interest rate is fixed and stays the same no matter your credit score. Short-term loans are still a high cost way to borrow and are not advisable for long-term financial difficulties. Always check you can afford to repay in full before you apply.
Eligibility criteria for short term loans with Lending Stream
To apply for a loan with us, you must:
- Be a UK resident
- Be at least 18 years old
- Have a valid debit card
- Have an active UK bank account
- Have a monthly income of at least £400
These requirements support responsible lending and confirm a basic level of financial stability. We also run credit and affordability checks on every loan. This helps ensure repayments fit your financial situation.
How to apply for a loan with Lending Stream as a direct lender
Applying with us is easy. Fill out our online form:
- Enter your personal details
- Choose the amount you want to borrow with us
- Provide us with your employment, salary, and expenses
Once we receive your application, we will run affordability and credit checks. If approved, we’ll send the cash to your bank within 90 seconds. It may take longer to reach your account, depending on your bank’s processes.
Representative 1271%APR
Loan amounts and repayment terms
For new or returning customers, the amount you can borrow with Lending Stream differs:
| Customer type | Minimum loan | Maximum loan | Repayment terms |
|---|---|---|---|
| New customers | £50 | £800 | 6 months |
| Existing customers | £100 | £1,500 | 6 months |
Compare this to Mr Lender, where the minimum is £200. With Lending Stream as a new customer, you can borrow only what you need starting at £50. No need to borrow more than you need. With Lending Stream you stay in control of your borrowing from the start.
Returning customers who have paid back past loans can borrow between £100 and £1,500. As a repeat customer, you get higher borrowing limits. By comparison, the most you can borrow with Mr Lender is £1,000.
Credit checks and affordability assessments
We run a credit check and affordability assessment on all applications. These checks help protect both you and us. They make sure you can afford to repay. This helps you avoid falling into money troubles.
Credit checks leave a mark on your credit file. But smart borrowing and on-time repayment can help. They can improve your credit score over time. Each payment you make on time shows future lenders you’re reliable.
Our affordability checks look at your income and regular expenses. We check your existing commitments too. We want to make sure the loan amount and terms work for your budget.
What to do if you’re struggling to repay
Late repayment may cause you serious money problems. It may damage your credit score and make it harder to borrow in the future. Late payments may also lead to extra charges, which increase the total cost of your loan.
If you’re in need of financial assistance, don’t wait. Reach out to us or visit MoneyHelper for free advice.
Warning: Late repayment can cause you serious money problems. For help, go to https://www.moneyhelper.org.uk/
FAQs – Mr Lender loans alternatives
Is Mr Lender a credit broker?
No, Mr Lender is not a credit broker; they are a direct short-term lender.
How much can you borrow from Mr Lender?
Mr Lender offers £200 to £1,000. First-time customers can borrow from £200 up to £500. By comparison, new Lending Stream customers can borrow from £50 to £800, and existing customers from £100 to £1,500. A loan application is subject to checks. This can include the customer’s payment history and credit and affordability check.
What do you need to apply for a Mr Lender loan?
Mr Lender requires you to be aged over 18, full or part-time employed, and earning at least £800 net per month. They also say they won’t lend to anyone with a CCJ in the last 3 years, or with an IVA or bankruptcy. You’ll also need an active mobile number, personal email address and debit card linked to your own bank account. With Lending Stream, you’ll need to be a UK resident, over 18 and have a valid UK debit card and active UK bank account. Lending Stream’s minimum income requirement is £400 a month.
How fast does Mr Lender pay out?
Mr Lender says funds may arrive within a few hours or by the end of the day, depending on your bank. By comparison, Lending Stream aims to send funds within 90 seconds of approval. Your bank’s own processes may add extra time.
Can you repay a Mr Lender loan early?
Yes. Mr Lender allows early repayment, which may reduce the total you repay. Similarly, with a Lending Stream loan, you can repay part or all of your loan early at any time. Neither Lending Stream nor Mr Lender charges early repayment fees.
Does Mr Lender charge application or late fees?
Mr Lender does not charge any fees to apply or manage your loan (nor does Lending Stream). Mr Lender does not charge any late fees either. With a Lending Stream loan, late fees apply only if you miss a payment and they’re capped at £12 over the lifetime of your loan.
Will taking out a loan hurt your credit file?
Taking out a loan is a hard search on your credit file, which other lenders can see. This can have an effect on your credit file . Missing a repayment can also impact your credit file and make it harder to borrow in the future.
Can I contact Mr Lender about my existing loan?
Yes. You can contact Mr Lender directly through their website.