You apply | Instant Decision | Fast Fund Transfer
A representative example shows you the terms of our typical loan (offered to more than 51% of applicants) and the cost of credit in accordance with the Consumer Credit (Advertisements) Regulations 2010.
A representative example shows you the terms of our typical loan (offered to more than 51% of applicants) and the cost of credit in accordance with the Consumer Credit (Advertisements) Regulations 2010.
Representative example | |
---|---|
Annual Interest Rate | 292% p.a. (fixed) |
Total Amount of Credit | £300 |
Representative APR | 1271% |
Duration of Agreement | 6 months |
Total Amount Payable | £578.36 |
Number of Repayments | 6 |
Each Repayment is | £96.39 |
Continuous Payment Authority (CPA) is a way of making payments on your loan. It means you give us permission to collect payments automatically from the bank account that’s linked to your debit card. This is set up when you apply and can help you avoid missed payments.
You can cancel CPA at any time by asking us or contacting your bank. If you do so, you’ll need to arrange payments in a different way, such as online payments via the Lending Stream website or a standing bank order. If your loan payment is outstanding, please contact us so we can help you set something else up.
The only fees we charge are for late payments. We will apply a late payment fee to your account if you miss a payment on the date it is due unless you have spoken to us in advance to make us aware that your payment will be late.
We will never charge more than £12 in late payment fees over the lifetime of your loan.
How will the late payment fee be applied?
Monthly Payer | Weekly Payer | |
---|---|---|
1st late payment fee | £12 | £4 |
2nd late payment fee | £0 | £4 |
3rd late payment fee | £0 | £4 |
Maximum fee applied over the lifetime of a loan | £12 | £12 |
We’ll try to avoid putting you in the position – this is why we don’t guarantee you’ll be accepted. But we understand that things do go wrong sometimes. If you have any problems, please contact us and we’ll work with you to arrange an alternative repayment plan that may suit you better.
Also, if you find it useful, you can contact free debt advice providers moneyhelper.org.uk.
Learn more about the cost of your loan, default charges, risks and prepayments.
Responsible Lending: Please think carefully about whether Lending Stream is the right solution for you. Short-term loans are an expensive form of borrowing. They could make your finances more difficult in the long-term. This is even more important if you’re in financial difficulty. If we don’t think you can afford a loan, we won’t give you one. We’ll look at your current finances and credit history before we make any lending decisions.
What risks I should be aware of when I take out a loan?
How much money can I borrow if I’m approved?
What loan fees do you charge?
What is the total amount I’ll pay for a Lending Stream loan?
How does continuous payment authority work?
What happens if I can’t pay back the loan?
Do you run a credit check and will that impact my credit score?