How to apply Lendable’s Loan – MPI

How to apply Lendable’s Loan

And let’s not forget about convenience! The Lendable platform is incredibly user-friendly. You can simulate and apply for a loan using your computer, tablet, or smartphone, with a simple and intuitive application process that can be completed in just a few minutes. Furthermore, Lendable’s customer support is outstanding, with a team ready to help clarify any doubts and provide assistance whenever necessary.

Advertisements

In summary, Lendable’s personal loan in the UK is a fantastic financial solution for those in need of quick cash with fair and transparent conditions. With an uncomplicated application process, rapid response, and excellent customer service, Lendable is transforming the way people access credit in the UK. If you’re looking for a personal loan, it’s definitely worth checking out what Lendable has to offer!

Documents

To apply for a personal loan with Lendable in the UK, the process is designed to be simple and straightforward, reflecting the company’s modern and digital approach.

‘While Lendable aims to make the application as efficient as possible, there are some standard documents and information that you’ll likely need to provide to complete your application. These documents help Lendable assess your financial situation and make a decision on your application. Here’s a general overview of the types of documents and information you might be expected to submit:

1.Personal Identification:
  • A valid form of identification, such as a passport, UK driving licence, or another official identity document that verifies your identity and address.
2. Proof of Income:
  • Documents that verify your income, such as recent payslips or a tax return (P60 or SA302), help Lendable understand your repayment capability.
3. Bank Statements:
  • Recent bank statements showing your transaction history. This may include both current and savings accounts, providing an overview of your financial behaviour.
4. Proof of Address:
  • A current proof of address, such as a utility bill (gas, water, electricity) or a council tax statement, may be required to verify the address you've provided.
5. Additional Information:
  • Depending on your financial situation, Lendable may request additional information or documents to assess your loan application. This could include details about your monthly expenses, existing debts, or other financial commitments.
6. Credit Check:
  • While technically not a document you provide, Lendable will conduct a credit check using the information you've submitted. This helps assess your credit history and determine the interest rate they can offer.

The application process is conducted online, making it easy to upload the necessary documents directly through Lendable’s website or app. It’s worth noting that the exact list of documents may vary depending on individual circumstances and Lendable’s lending criteria at the time of application.

Before applying, it’s a good idea to review the information on Lendable’s official website or contact them directly for an updated list of required documents and criteria. This will ensure you’re fully prepared and can streamline the application process for your personal loan.

Rates, fees, and commission

There are several excellent reasons to apply for this great credit card:

  • Assumed borrowing of £7,500 over 36 months at 34.8% APR representative.
  • Monthly cost of £319. Total amount repayable of £11,497. Interest rate of 30.1% p.a.(fixed) and total fees of £360.00.
  • From 9.9% to 49.9% APR. £1,000-25,000 over 1-5 years available.

How to apply

Applying for a personal loan with Lendable in the UK is designed to be quick, easy, and entirely online, allowing you to access funds conveniently. Here’s a step-by-step guide to navigating the loan application process with Lendable:

Step 1: Eligibility Check
  • Visit Lendable's Website: Start by going to the official Lendable website to access the eligibility checking tool.
  • Provide Basic Information: Enter basic information about yourself and the desired loan amount. This typically includes your annual income, monthly expenses, and credit history.
  • Check Your Rate: Lendable will offer an initial quote based on the provided information without affecting your credit score.
Step 2: Application Submission
  • Complete the Application Form: If you're happy with the quote offered, proceed to fill out the detailed online application form.
  • Submit Required Documents: Upload the necessary documents, such as proof of identity, proof of income, and proof of address.
Step 3: Assessment and Decision
  • Assessment by Lendable: Lendable will assess your application, which may include a detailed credit check.
  • Decision: You will receive a quick decision. If approved, Lendable will provide the final loan terms for your review.
Step 4: Loan Acceptance
  • Accept the Terms: If you're satisfied with the loan terms, accept the loan agreement.
  • Setup Repayment: Set up your repayment plan with Lendable, including payment dates and bank account details.
Step 5: Receiving the Funds
  • Fund Transfer: Once everything is set up and the agreement is accepted, Lendable will deposit the funds directly into your bank account.
  • Access to Funds: Depending on your bank, the funds may be available almost immediately or within a few business days.
Step 6: Repayment
  • Start of Repayment: Monthly repayments will begin according to the agreed repayment plan. It's important to ensure you keep up with repayments to avoid late fees and an impact on your credit.
Important Tips
  • Read Carefully: Before accepting the loan, make sure you understand all the terms, including interest rates, fees, and the repayment schedule.
  • Ask Questions: If you have any questions about the loan, don't hesitate to contact Lendable for clarification.

Applying for a personal loan with Lendable is a straightforward process that can be completed quickly online, offering a convenient and flexible way to access funds when you need them most.

How to apply

You will be redirected to the official website of the bank.

Danielle Berry
Danielle Berry

an editor at MPI since 2023.

  • 2:04 am
DISCLAIMER:

You will never be asked to make a payment to access any kind of product, including credit cards, loans, or other offers. If this happens, please contact us immediately. Always read the terms and conditions of the service provider you are contacting. We earn revenue through advertising and referrals for some, but not all, products displayed on this website. Everything published here is based on quantitative and qualitative research, and our team strives to be as fair as possible in comparing competing options.

ADVERTISER DISCLOSURE:

We are an independent, objective, and advertising-supported editorial site. To support our ability to provide free content to our users, recommendations appearing on our site may come from companies from which we receive compensation as affiliates. This compensation may affect the manner, location, and order in which offers appear on our site. Other factors, such as our own proprietary algorithms and first-party data, may also affect how and where products/offers are placed. We do not include on our website all financial or credit offers currently available in the market.

EDITORIAL NOTE:

The opinions expressed here are solely those of the author and do not represent any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved, or endorsed by any of the entities mentioned in the message. That said, the compensation we receive from our affiliate partners does not influence the recommendations or advice that our team of writers provides in our articles, nor does it in any way affect the content of this website. Although we work hard to provide accurate and up-to-date information that we believe our users will find relevant, we cannot guarantee that all provided information is complete and make no statement or warranty regarding its accuracy or applicability.