Lendable offers fast loans in the UK up to £25,000 with competitive rates starting from 8.1% APR, going up to 48.9% APR depending on credit. Loans can be taken for periods ranging from one to five years, providing significant flexibility to suit different borrowing needs. The process is transparent: you can see your rate before you go ahead and apply, and this will not affect your credit score in any way. For example, a £7,500 loan over 36 months would typically see a fixed interest rate of 19.4% p.a., with a representative 24.4% APR, making total repayments £10,321.20 including a £445 fee. Notably, Lendable is authorised and regulated by the FCA, which enhances confidence in its safety and credibility.

How to Apply: Step-by-Step Process

1. Use the lender’s website to input your basic details and loan requirements.
2. Quickly see your offered rate and repayment terms—no impact on your credit record.
3. Choose your preferred offer if suitable, complete the online application, and submit your details securely.
4. Upon approval, funds can be transferred to your account the same day, making it one of the fastest options available.

Main Advantages

Lendable makes it easy to access fast cash, providing instant decisions and same-day payout for approved clients. Importantly, users benefit from a completely digital application with no paperwork, allowing you to manage everything online. Over 80,000 customer reviews highlight the reliability and friendliness of their support, helping increase trust for new borrowers.

Applicants also appreciate that no upfront fees are charged and that the borrowing process is both straightforward and transparent, with clear and fair terms.

Potential Drawbacks

Interest rates can vary significantly and may be higher for those with less than stellar credit ratings. Therefore, some applicants may find the offered APR much greater than what is initially advertised.

Additionally, a loan fee is included in the total repayment, so it’s important to review the representative example and ensure you’re comfortable with the overall cost before proceeding.

My Verdict

Lendable stands out for its speedy approvals, customer-friendly digital service, and transparent rates. Its ability to show you your rate with no effect on your credit record is especially noteworthy, and the process is designed to be as fair as possible for various types of applicants. While certain borrowers may receive higher interest rates, the straightforward approach and high customer satisfaction make it worth considering for those in need of fast and transparent financial assistance.