Lendingstream | My-QuickLoan charge £25 for every £100 borrowed for each pay cycle. This interest fee is applicable for a single pay period. We lend up to £400 for a first-time customer. However, there may be a difference in the amount you have applied for and the amount we approve. The exact amount that we approve depends on the outcome of the credit analysis we perform. The minimum lending amount is £80, and you can apply to borrow in multiples of £40 (£80, £120, £160 and so on). We offer loans up to £400 for new customers and up to £1000 for existing ones.
A repeat customer?
If you have repaid your first loan in full, you will be eligible for a maximum loan amount of £1000. However, the approval and the loan amount will again depend on your credit analysis results.
Fee for same-day transfers and standard transfers
Transaction fees are applicable only when you opt for same-day CHAPS transfer. You will be charged £15 for every fund transfer, regardless of the loan amount. This is the transfer fee that Lending Stream is charged by CHAPS. The fee will be deducted from the loan amount before it is credited to your account.
We also offer a slower transfer of funds (called BACS) which is free, but this transfer may take up to 3 days.