Those who are looking for short term assistance with financial burdens can rely on the quality financial products offered by Lending Stream. Lending Stream offers short term instalment loans that can be used for any expenses the borrower needs assistance with. Small loans from Lending Stream are straightforward and easy to pay off. The excellent customer service offered by Lending Stream regularly garners recommendations by previous customers.
APPLICATION REQUIREMENTS:
United Kingdom residents who are over 18 are eligible to apply for a Lending Stream instalment loan. Applicants also need to have active bank accounts and be employed and earning at least £400 per month.
LOAN AMOUNT AND CHARGES:
Loans from Lending Stream can be between £50 and £800. However, if borrowers have already taken out a loan with Lending Stream before, they may be approved for up to £1,500. Loans from Lending Stream have a representative APR of 1,272%. A borrower would pay £191.68 in interest on a six month loan for £200. In addition to interest charges, there are also two possible default charges that could be applied to borrower’s accounts if payments are not made on time. The first time a payment is not made on time, a default charge of no more than £15 can be charged to the account. Afterwards, a further default charge of £15 will be applied to the account.
PROCESS:
The first step in the process is filling out Lending Stream’s simple and straightforward online application. Once this is filled out and submitted, applicants will get a quick decision. If the applicant decides to go through with the loan, loan funds will be put into his or her bank account immediately by money transfer. Lending Stream will send out the funds within four minutes of receiving acceptance of the loan agreement and bank account information from the borrower.
PAYMENT:
Repayment is simple with Lending Stream. On every pay date, payments will automatically come out of the borrower’s bank account so that he or she doesn’t need to remember anything. This makes it easy to avoid forgetting payments and incurring late payment charges. Lending Stream offers helpful online features by posting borrowers’ payment statuses and payment history on their online account pages.
