- Lending Stream stands out from the rest because their loans have a repayment period of 6 months.
- This means you can pay back your loan 6 instalments.
- 6 month loans obviously lead to lower, more affordable, monthly repayments. Also, no penalties fees apply if you opt to settle a loan early!
- They have a secure online application form for your peace of mind.
- The procedure for getting your personal payday loan with Lending Stream is entirely online which means you don't have to fax in any documents (in most cases). As with all Payday Lenders they will ID check you and will also credit check you.
- Lending Stream offer a free same day loan transfer service costing nothing - it's free! They refer to it as their Express Cash transfer option so look out for this.
- The finance charge of £272 for every £200 borrowed is a little higher than the typical loan in the payday loan sector.
- Advantages: Lending Stream offer loans up to £800 to first time applicants which is one of the highest amounts in the market.
Representative APR 4071.5%
Representative Example: If you Borrow £200 for 6 months then the:
- Total Charge for Credit is £272
- Total Amount Repayable is £472
- Interest Rate is 406.6% per annum (Fixed)
- Representative APR is 4071.5%