Lendable is a British loan provider known for transparent rates, quick application processes, and customer-friendly practices. Their loans range from £1,000 to £25,000, with repayment terms from one to five years and competitive APRs starting at 8.1% and capped at 48.9%. Lendable’s representative rate is 24.4% APR, as seen in their example of £7,500 over 36 months, repaid at £286.70 per month, totalling £10,321.20. The company is fully authorised and regulated by the FCA, ensuring your application is secure and compliant. No upfront fees will ever be requested before a loan is disbursed, adding an extra level of reassurance for applicants.

How to Apply: Step-by-Step

1. Check your loan eligibility and see a rate without any impact on your credit score.
2. Fill out the paperless online application—no physical paperwork is needed.
3. Receive a decision within minutes with a firm offer and clear details.
4. On acceptance, verify your ID and sign electronically.
5. The funds typically reach your account the very same day.

Key Advantages of Lendable Loans

One standout benefit is speed. Most applicants get a same-day decision and quick disbursal, helping you deal with urgent financial needs efficiently.

Lendable also delivers transparency in lending, letting you view your potential rate before affecting your credit score, so you can make decisions with confidence.

Lendable Loan Drawbacks

While many enjoy their competitive APR, some borrowers—especially those with limited credit—might get a higher end-of-range rate of up to 48.9% APR. This can be costly in the long run.

Loans are fixed-term, so early repayment may sometimes incur a fee. Review terms carefully so you are not surprised by unexpected costs.

Our Verdict

Lendable stands out for speed, user-friendliness, and transparency, earning strong customer reviews across the board. If you value fast funds and clear terms, they’re a wise choice to consider for your next personal loan.