Lendable stands out for its commitment to speed, transparency, and accessibility. The platform offers personal loans ranging from £1,000 to £25,000, with repayment periods between 1 and 5 years. Interest rates vary from 8.1% to 48.9% APR, subject to credit assessment. A representative example: £7,500 repaid over 36 months at a fixed 19.4% p.a. means £286.70 per month (24.4% APR), totaling £10,321.20, including a loan fee.

How to Apply for a Lendable Loan

1. Visit the Lendable application page and enter the amount you wish to borrow and your preferred repayment period.
2. Complete the brief online form, providing personal and financial details.
3. Get your offered rate instantly, with no impact on your credit score.
4. Choose your offer and confirm your agreement.
5. Once approved, receive funds directly into your account—often the same day.

Key Benefits of Lendable Loans

Lendable enables extremely fast approvals, often within minutes, with money paid out the same day for most applicants. This ensures you get funds when you need them most.

The process is fully paperless, making applications hassle-free and available at your convenience. Security is prioritized through encryption and FCA regulation.

Potential Downsides to Consider

Borrowers with weaker credit might face higher rates up to 48.9% APR, which could significantly increase total repayments over the loan term.

Additionally, while there is no application fee required upfront, the total loan cost does include a loan fee, so check your offer details carefully.

Final Verdict

Lendable is a solid option for those seeking quick, straightforward loans with fair rates and transparent terms. Its instant decisions and coverage for various credit bands make it widely accessible.

Overall, Lendable is recommended for borrowers needing speed, simplicity, and reliable processes in the lending market.