Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk Loanski is an authorised credit broker not a lender

    Lending Stream Alternative

    Loans from £100 to £10,000

    • 1 month to 5 years
    • 100% online application
    • All credit scores welcome to apply
    • Paid in as fast as 10 minutes^

     

    Secure SSL connection

    Your application is sent over a secure encrypted network

    Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

    Choose Loan Amount

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    Representative 305.9% APR.
    Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% pa (variable). Loanski.co.uk does not provide any loan or consumer Credit products directly.

    Choose Loan Amount

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    Representative 305.9% APR.
    Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% pa (variable). Loanski.co.uk does not provide any loan or consumer Credit products directly.

    Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

    Loans from £100 to £10,000

    • 1 month to 5 years
    • 100% online application
    • All credit scores welcome to apply
    • Paid out in as fast as 10 minutes^

     

    Secure SSL connection

    Your application is sent over a secure encrypted network

    REPRESENTATIVE 305% APR

    Loanski offers competitive interest rates compared to some lenders across the market.

    Installment Options

    Customize your loan term from 1 month to 60 months putting you in control of your payment plan.

    Fast Payouts

    You can expect fast payouts sometimes within 10 minutes^

    Company Number: 

    4124111

    Company Name:

    GAIN Credit LLC (trading as Lending Stream)

    Date firm started up business:

    1 October 2004

    Loan value range:

    50 pounds to 800 pounds for first-time customers. If you are a returning customer and haven’t missed any payments then you are able to borrow up to 1500 pounds.

     

    Loan term length:

    A maximum of 6 months

    Related brands:

    Drafty

    Gain Credit LLC

    Head Office Address: Wisteria Grange Barn, Pikes End, Pinner, HA5 2EX

    FCA Status: Authorised

    Payout Time:

    90 seconds! If you are approved then you will receive your payout immediately.

    Lending Stream Review

     

    Lending Stream is a fantastic alternative to payday loans. You are able to borrow small amounts of money up to £800 for new customers and £1500 for returning customers, but have a little more time to pay the loan back, meaning you can spread the cost of the payments out over 6 months.

    They do not charge any fees for their loans so there are no hidden costs, unlike some loan companies. Everything you receive in your loan offer will be the amount, in which you will payback.

    Lending Stream has its own app meaning you can apply quickly from your phone and could have the approved funds within 90 seconds! You can also apply online from their website if you do not have access to their app.

    Filling out the application takes no more than 5 minutes and is very simple to do. You will be asked a number of questions about your monthly income and outgoings, so Lending Stream can assess whether or not you will be able to make the repayments. Once they have run the credit check, if you are approved then the money will be sent directly to your bank account.

    It really is that easy!

    How the company works:

    Repayment method:

    Repayment with Lending Stream is done by CPA (Continuous Payment Authority) This is where the payments are deducted directly from your bank account on a date of your choosing.

    If this payment method isn’t suitable for you then you are able to cancel it by contacting them, however, you must make other arrangements to repay your loan such as online through your account or by calling them. If you choose this way please be sure to remember your payment date otherwise you will miss it and may be charged an extra fee.

     

    Do I need a bank account?

    As Lending stream is an online loan provider, you will need a valid debit card and active bank account to be able to apply. Your payments will be taken from this card and your loan will be sent directly to your bank account.

     

    To be eligible to apply for a loan you must fit the following criteria:

    Age

    The minimum age to apply for a loan with Lending Stream is 18 years old.

     

    Address information

    During your application, you will be required to fill out your previous address information for the past 3 years. These must all be within the United Kingdom.

     

    ID and Income

    If identification is required then you will be able to submit this online using Lending Stream’s secure system. However, using modern technology, this is not always needed as Lending Stream can run credit checks online using the information that you provide.

    You must be earning at least £400 per month to be eligible for a loan and will need to provide information about this during your application.

    You will also be asked about your monthly outgoings including grocery bills. This is so then can assess how much money you will be left with each month and so they can avoid putting you into any financial difficulties.

    Penalties

    The only extra fees that Lending Strem charge are penalties for late payment. They do not charge for anything else. If you do miss a payment then £15 will be added onto your account. If you miss further payments the additional fees may be added.

    If you find that you are running into difficulties with your repayments then it is always best to contact them as soon as possible to keep them informed of your situation. They may be able to help you and arrange a payment plan in which is more suitable.

    Reviews

    On TrustPilot, Lending Stream has gained a fantastic reputation and has a 4.5 /5-star rating. A massive 93% of their reviews are rated as excellent and great with only 5% of them rated as bad.

    In the excellent reviews, most of their customers have complimented just how smooth and fast their service was. The loan was in their bank within seconds as promised on the lending stream website.

    Quite a few customers also commented on how great the customer service was, the staff at Lending Stream were very friendly and on hand to help with their queries whenever needed.

    On the other hand, the few bad reviews claim that the customer service is shocking and they were unable to contact anybody when they had issues.

    Unfortunately, Lending Stream hasn’t taken the time to answer any of their reviews, unlike most other loan companies.

    In light of this the positive reviews about Lending Stream far out weight the number of bad reviews.

    Sister Company

    If Lending Stream doesn’t sound like it is for you then they have a sister company called Drafty. Drafty is is a little younger than Lending Stream but offers a different approach to your usual loan. Instead of one lump payout, you are given a line of credit that is available for you to use as and when you need it without the need to re-apply for another loan.

    This can be ideal; especially if you know you have a few extra things coming up that you will need to pay for over the next few months and don’t want the cash all in one go.