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.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
£50 loans are small, short term loans that can be used for a variety of purposes. These loans are ideal for situations where you need quick access to money but don’t want to borrow a large loan amount.
A 50 pound loan is usually repaid within a few weeks. Some lenders may offer longer repayment terms, but you can often repay early. Because they are relatively small in amount, £50 loans can be easier to qualify for.
Even if you have bad credit rating, you might be able to get one. You can use a £50 payday loan to cover an unexpected bill or just to tide yourself over until your next payday. In some cases, a £50 payday loan can be a convenient and affordable option.
Yes, Lending Stream can lend you more than £50, depending on your borrowing needs and eligibility. For new customers, we offer loans ranging from £50 to £800, while returning customers may borrow between £100 and £1,500. The loan amount is determined by your financial situation, including your income and current affordability.
Our flexible repayment terms are designed to make borrowing manageable. Whether you need £50 or more, Lending Stream provides a transparent and responsible lending experience tailored to your needs.
If you are looking to check your eligibility to apply for a £50 loan with Lending Stream, you must:
During our application process, we might ask you to show proof of your income. As a responsible lender, we do this to ensure that you can comfortably afford the loan repayments.
Representative 1271%APR
In case you are looking for a £50 loan, Lending Stream might be able to help you. Lending Stream gives you an easy way to apply for a 50 pound emergency loan or more. If you’re looking for a £50 loan bad credit direct lender, we will consider your application. Even with a poor credit score, we’ll look at your entire financial situation before making a decision.
To apply for a 50 pound loan with us, complete our online application form. Then, tell us:
Once we have received your application, we will carry out an affordability and credit check. If your application is approved, we will transfer the loan to your bank within 90 seconds. It may take longer to reach your account, depending on your bank’s processes.
Representative 1271%APR
The repayment terms for a £50 loan depend on the lender’s policies and your agreement. Many lenders offer flexible repayment options ranging from a few weeks to several months. With Lending Stream, you have 6 months to pay back whatever you borrow with us. But if you want to repay your loan early, you can! There are no extra fees if you want to repay early.
Our loans are charged at a daily interest rate, so you can save money on interest if you repay early.
We never guarantee your loan application will be approved. While we do check many different factors when you apply for a £50 loan, we don’t accept everyone. If your £50 loan application with Lending Stream is declined, it may be due to not meeting our eligibility requirements or concerns about your current affordability.
If you’re struggling financially, it might be worth checking that you’re getting all the benefits you’re entitled to. You can check this over at afforda.co.uk, with our BenefitGlance tool.
If the information we receive from any of the credit reference agencies is a factor in us denying your 50 pounds loan application, then we’ll let you know the name of the credit reference agency by email. You can then check your credit report with them if you want to.
Yes, you can get a £50 loan with bad credit. At Lending Stream, we consider your application if you have bad credit or a low credit score. We believe that everyone deserves a fair chance, so we’ll always consider individual circumstances when assessing loan applications.
Most FCA-registered companies conduct credit checks as part of their standard procedures, although it is not a mandatory requirement. The decision to perform a credit check typically depends on the nature of the services being provided and the individual company’s policies.
Failing to repay a £50 loan can lead to extra fees, negatively impact your credit rating, and make borrowing in the future difficult. It’s important to inform your lender if you’re facing difficulty in repaying on time, as they may offer support. Always ensure you borrow only what you can afford to repay, avoiding financial strain from an unexpected expense.
Repaying a £50 loan is simple. You can repay your £50 loan at any time using a debit card, or by doing bank transfer. If you prefer, we can take the monthly repayments out of your bank account each month.