£50 Loan
Are you looking for a £50 loan? Lending Stream is here to help. We’re a direct lender that offers loans from £50 – £800 for new customers, £100 – £1500 for existing. Apply online, instant decision. We consider bad credit.
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.
Why choose Lending Stream for a £50 loan?
Trusted
Rated excellent on Trustpilot & 99% recommendation rating on Reviews.co.uk.
Convenient
Secure online application available 24/7. A decision in seconds, not days.
No early repayment fees
Repay in 6 monthly instalments. We don’t charge for early repayment.
Fast
Cash sent to your bank in under 90 seconds, if approved. It may take longer to reach your account depending on your bank’s processes.
What are £50 loans?
£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.
Can Lending Stream lend you more than 50 pounds?
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.
Eligibility criteria for a £50 loan with Lending Stream
If you are looking to check your eligibility to apply for a £50 loan with Lending Stream, you must:
- Have a valid debit card.
- Have an active and valid bank account.
- Be a UK resident.
- Be at least 18 years old.
- Have a monthly income of at least £400.
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
How can I apply for a £50 loan with Lending Stream?
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:
- How much you want to borrow.
- Some personal details.
- Your employment, salary, expenses and banking details.
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
How long do you have to pay your £50 loan back?
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.
What if my £50 loan application is rejected?
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.
What are the advantages of a £50 loan?
- Fast cash: If you have an unexpected financial emergency then you might need a £50 loan quickly. You can apply to Lending Stream, we provide quick decisions, and if approved, we will transfer the loan to your bank account within 90 seconds. (It may take longer depending on your bank’s processes)
- No collateral required: When you apply for a £50 loan with us, you won’t have to risk your home, car or any possessions. We offer £50 unsecured loans.
- You may be eligible for a £50 loan with bad credit: As a regulated direct lender, we will never pretend that your credit score isn’t important. But we won’t only take your credit score into account. We’ll look at your current financial situation, so we do consider bad credit loans sometimes. We’ll want to know if you can comfortably repay the loan. We will run a credit check, though. You shouldn’t expect a £50 loan quickly with no credit check from anyone.
- Repay in affordable amounts: If you’d prefer to spread out repayments, you can do so. If you take out a loan with Lending Stream, we’ll give you 6 months to pay back.
What are the disadvantages of a £50 loan?
- Short term loans for £50 will usually have a higher interest rate than a traditional high street bank.
- Is a 50 pounds loan what you need? Think carefully if this is the right amount to borrow to meet your needs.
FAQs – 50 pound loan
Can I get a £50 loan with bad credit?
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.
Can I get a £50 loan with no credit check?
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.
What are the consequences of not repaying my £50 loan?
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.
How do I repay my loan?
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.