Looking for short term loans? At Lending Stream, you can get a short term loan from £50 – £1500 to your bank in 90 seconds, if approved. We are a reputed direct lender in the UK, who consider bad credit too.
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.
Representative 1271% APR
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.
Very easy to apply
Very easy to apply, couldn’t have been more simpler to be honest and the money was in my account in less than a minute 10/10
Leona, 18 November 2023
Poor credit rating no problem
Quick and easy to apply
Kim, 25 November 2023
Short term loans are financial products which are designed to provide immediate access of funds to borrowers for a short period. These loans are meant to be repaid within a few months which is why they are often compared with payday loans.
A short term loan is often used to cover unexpected expenses like medical bills or home repairs. These loans are unsecured, which means that they don’t require collateral. Approval is usually based on factors such as borrower’s income and repayment ability.
At Lending Stream, we offer short term loans from £50 – £1500, giving a repayment period of 6 months to the borrowers. You can apply online to borrow money and get the money to your bank in 90 seconds, if approved.
Short term loans work by providing quick access of funds to the individuals who need it to meet their unexpected financial emergencies. Borrowers can get the funds to their UK bank account with a few minutes to few hours, once approved.
To get a short term loan, borrowers need to fill out an application form, providing information like their income, employment details, and personal identification proof. Once submitted, the lender will review the application and, if approved, the funds will be directly sent to the borrower’s bank account.
Repayment of these loans are usually fixed in the form of monthly instalments, which typically ranges from a few weeks to a few months.
Yes, a short term loan can be a good option for you if you require immediate access to funds. These loans can help you manage unexpected expenses. Short term loans usually have high interest rates and fees which is why it is important to carefully consider the loan terms and your repayment ability before applying.
It is advised to compare different lenders, review the terms, and see whether taking a short term loan can help you with your specific needs and circumstances.
Short term loans can be used for various purposes which can help you in different financial situations. Below are a few reasons for which it can be used:
When considering a short term loan, check the interest rate and monthly repayments. Also, borrow only what is necessary. It is important to use the funds responsibly and ensure that you can comfortably repay the loan and pay interest within the given time duration.
Being a UK resident, the loan amount you can borrow from a short term loan direct lender depends on factors such as lender’s policies, your income, and your creditworthiness. Typically, a short term loan ranges from £50 to £5,000. However, it’s important to borrow only what you need and can comfortably repay within the designated repayment period.
To check your eligibility for a short term loan online, lenders usually require you to meet the following criteria:
You can visit the lender’s website and see if they have any specific requirements. Many lenders even provide an online eligibility checker which you can use to see if you meet their eligibility criteria.
If you are looking to apply for a short term loan with Lending Stream, then in order to meet our eligibility criteria, you must:
During our application process, we might ask you about your income as a proof to see if you can make timely repayments. We might sometimes verify these details discreetly.
Applying for a short term loan is an easy process and can be done online too. Here are the basic steps which you need to follow:
If you are looking to apply for a short term loan with Lending Stream, you need to fill out our online application form by giving us the following details:
Once your application is received, being a responsible lender, we’ll run a credit and affordability check on your profile. If approved, we will send the approved amount to your bank within 90 seconds.
There are different types of short term loans each with its own characteristics and repayment terms. Some common types are:
Yes, in most cases, you can repay your short term loans early without any extra fees. However, it is important to review the terms and conditions of your loan agreement as some direct lenders may charge an additional prepayment fee from you for closing your account early.
At Lending Stream, we give you 6 months to repay your loan, but you can repay early if you want to, and we won’t charge any extra fees from you.
Remember, by repaying your loan early, you can save money on interest and become debt-free sooner.
If your short term loan application is rejected, it can be disheartening but don’t panic. Look for the reasons why your application was rejected.
At Lending Stream, we don’t guarantee any loan approval. If your application is rejected based on the information, we receive from one of the credit reference agencies then we’ll let you know the name of the credit reference agency by email. You can check your credit file with them directly.
If you find that you are unable to repay your short term loan, contact your lender immediately. Your lender might work with you and give you a suitable repayment plan or offer some alternative solutions, but it’s important to communicate your difficulties openly.
If you’ll ignore the situation then it can result in additional fees, increased interest rates, and damage to your credit score which can impact your overall credit report.
If you already have an account with us, you can log in and chat with us through there. Otherwise, you can get in touch on our contact us page.
If you prefer you can give us a call on 0203 808 4440#. We’re open from 9am to 6pm Monday to Fridays, and 9am to 1pm Saturdays.
Yes, you can get a short term loan with bad credit. There are lenders who offer short term loans to people with bad credit, although the interest rates may be higher.
Yes, short term loans can impact your credit score. Timely repayment can have a positive effect, while late or missed payments can negatively impact your credit score.
The shortest term for a loan varies depending on the lender, but it can be as brief as a few days to few weeks.
Short term loans offer quick access to funds you need, flexibility in repayment, and may be available to individuals with bad credit.
Whether a short term loan is good or bad depends on your financial situation, ability to repay on time, and how you manage it.
Very good company
Very good company, it's easy to fill out the application, everything is written well and clearly and the money is quickly in your account. The company is worth recommending
Grzegorz Komajda, 24 November 2023
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