Easy Loans
Looking for easy loans? At Lending Stream, we provide a quick and easy loan application process with minimal hassle. Applications for our easy online loans are available 24/7. Our loans start from £50 – £800 for new users and £100 – £1500 for existing customers.
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 easy loans?
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 easy loans?
Easy loans are loans that have a simple, straightforward application process and generally provide quick access to cash when needed. They can be small, short term loans which are useful for unexpected financial problems. They’re usually offered by direct lenders and are often used to cover unexpected or emergency expenses. These could be things like car repairs or bills.
Easy loans may have fewer requirements than longer term or large amount loans. For instance, borrowers may not need to provide assets as security to apply.
At Lending Stream, we offer a straightforward application process and quick decisions. We offer short term loans with an easy application process that require no guarantor. These loans are designed to be convenient options for those who want to borrow cash quickly.
How easy is it to get approved for a loan?
How easy it is to get approved will vary between lenders. Each will have its own criteria for judging eligibility and applications. Also, remember that even if you’re eligible to apply, you’re not guaranteed to be approved.
Online lenders assess each application on a case-by-case basis. They may consider factors such as how much debt and income you have and why you want the loan.
Want to find out if you’re eligible to apply for a short term loan with Lending Stream? You must:
- Have a valid debit card.
- An active UK bank account.
- Be a UK resident.
- Be at least 18 years old.
- Be in regular employment with 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 to apply for a loan easily in the UK?
Are you looking to apply for a loan easily in the UK? You should start by researching lenders or loan brokers and comparing their offers. Once you have found a lender that meets your needs, you can apply online.
Most lenders will require you to provide personal information, including your income and employment details. You may also be asked to provide some documents as proof.
If you are looking to apply for loans online with Lending Stream, we keep our loan application process quick and easy. All you need to do is fill out our online application form with the following:
- The amount that you want to borrow from us.
- Some details about you.
- Info about your employment, salary, expenses, and bank account.
Once submitted, we will carry out a credit and affordability check. If approved, we will send you a loan agreement. Once you accept it, we’ll send the loan amount to your bank within 90 seconds.
Representative 1271%APR
How do easy loans work?
Easy loans work by providing borrowers with simple, often quick access to funds. These quick loans usually don’t need a lengthy application process. Easy loans tend to be fast, due to the quick application process and decision.
You can apply for a loan with Lending Stream with our online form. You’ll be asked for some basic information about you, your employment status, and your income and expenses.
Once you submit your application, we’ll review it and give you a practically instant decision. If approved, the approved amount will be sent to your bank within 90 seconds. It may take longer to reach your account, depending on your bank’s processes.
Representative 1271%APR
Who needs an easy loan?
Easy loans are typically used by people who need quick access to cash. This is usually due to emergencies or unexpected expenses. While easy loans are convenient, it’s important to remember that they may have higher interest rates.
Taking out multiple loans or repaying late can cause more debt. You should always read over the terms and conditions carefully before committing to any loan. It’s important to understand all the costs involved.
Can I get an easy payday loan?
Getting a payday loan may seem easy, but it’s important you understand the risks and potential consequences. Payday loans tend to come with high interest rates and fees. They can become more expensive if you can’t repay the loan on time.
Lending Stream offers an alternative to easy payday loans with repayments spread over 6 months. If you’re approved, we’ll send the money to your bank in under 90 seconds. It may take longer to reach your account, depending on your bank’s processes.
Also, if you want to pay off early, you can. Since interest is charged on a daily rate, you’ll pay less overall. And there’s no charge to repay early.
Is it easy to get a loan with bad credit?
Getting a loan with bad credit in the UK can be difficult, but it usually isn’t impossible. At Lending Stream, we don’t just rely on your credit rating. We’ll do credit and affordability checks to understand your current financial situation.
We understand that you might have bad credit because of past money problems, but we’ll take more than just that into account when we assess your application.
What types of easy loans can you get in the UK?
There are several types of easy loans you can apply for in the UK. Here are some of the most common:
Payday loans
Payday loans are typically used to cover emergency expenses like car repairs. They usually require no security and can be approved quickly. They tend to have a high interest rate.
Short term loans
Short term loans have a longer repayment period than payday loans. They are also usually used for emergency situations. Due to their short repayment timelines, they can help spread the cost of unforeseen expenses. Keep in mind that these can also come with higher interest rates.
Unsecured loans
Unsecured loans don’t require any form of collateral. This can be useful if you have a poor credit score or no assets to use as a guarantee. Interest rates can be higher on unsecured loans. If you don’t repay on time, it can cause you serious money problems.
Personal loans
These loans can be secured or unsecured. They tend to be larger and can be used for any purpose, like consolidate debts, home improvements, etc. The amount of money that can be borrowed varies from lender to lender. They tend to be lower interest than payday or short term loans.
Can I get loans easily without a credit check?
No, it is not possible to get a loan without a credit check. All FCA-authorised lenders must carry out some form of credit check. The Financial Conduct Authority guidelines tell them to assess your ability to repay the loan. They also need to judge whether the loan is suitable.
At Lending Stream, we carry out an initial credit check to understand your financial situation. We won’t approve any applications without this.
If you are offered a no credit check loan, you should check that the lender is authorised. Borrowing from an unauthorised lender can mean that the interest rates are very high, and you will have less protection if anything goes wrong.
If you believe you have borrowed from an unauthorised lender you can report them to the Financial Conduct Authority and you can also get support from the national Illegal Money Lending Teams.
FAQs – easy loans
How much can I borrow with an easy loan?
Do I need security for an easy loan?
It depends on the type of loan you are applying for. Loans like payday loans and short term loans usually don’t require any asset or security. A secured loan will require you to submit an asset. A guarantor loan will require you to have a guarantor sign the agreement on your behalf.
Are easy loans expensive?
The cost of easy loans can vary. It’ll depend on the lender, the type of loan and your personal circumstances. Generally, the shorter the loan term, the higher the interest rate and fees.
What is the lowest score to get a loan easily?
The lowest credit score to get a loan easily can vary depending on the lender and type of loan. Generally, any credit score above 530 is considered good. You may still be able to get a loan with a bad credit rating from some lenders.