Lending Stream Review [Read Our Expert Opinion]

Jane Wardle

Written by Jane Wardle on April 16, 2018

Updated April 17, 2018


Overall Rated: 4.3 / 5


Lending Stream has simplified the payday loan process to make it much easier for customers. To apply for a loan with Lending Stream, customer need to be over 18 years old and a UK resident, they much have a monthly income of at least £400 show that they can make the repayments. With a six-month repayment term, Lending Stream offers a variety of repayment options. Borrowers can either have a set amount taken every month or customers can make individual repayments via their online account through their website or application.

While credit scores are reviewed, it is not to sole deciding factor when it comes to a customer loan application. This means that customers with poor credit scores may still receive a loan providing they can prove they can make the repayment terms.

Offering no fees for applications, Lending Stream provides competitive payday loan rates. As well as being popular for its extended repayment dates, Lending Stream is also well known as for its sister company, Drafty. Drafty differs by offering customers a credit line, rather than a loan. However, both companies focus on responsible lending and are designed to make the lives of the borrowers easier.

Trust & Reputation

Rated 4.2/5

As well as reviews on Trustpilot, Lending Stream also has over 6,000 reviews on Google which combine the reviews from Trustpilot and Reviews.co.uk. This combined score makes it easy to showcase their reputation with 87% of reviews collected by Google being five-star reviews.

The Lending Stream has an excellent reputation from customers and within the industry. At the F5 Awards, Lending Stream won three awards; Alternative Consumer Lender of the Year, Best Brand (for sister company Drafty) and Leader of the Year for the CEO of the company.

With advanced financial technology and a team of over 3,00 people, Lending Stream is continuing to establish themselves as a trustworthy, responsible and efficient lender.

Expertise & knowledge

Rated 4.4/5

As part of the more prominent firm, Gain Credit Limited and having sister companies within the lending industry, Lending Stream has access to valuable resources, information and knowledge to help to make sure Lending Stream is a competitive player in the payday loan market and can continue to grow and attract customers.

The expertise of Lending Stream is already shown by offering something that payday lenders do not. Instead of requiring the full loan amount back on the next payday, Lending Stream gives customers a two-month breathing space and up to six months to repay the loan. Furthermore, customers can choose how they want to repay the loan and will not suffer from fees if they decide the repay the loan back early.

Customer Service

Rated 4.3/5

With over 6,000 reviews on Trustpilot, customers can gage an accurate representation of the business before applying for a loan. Currently, from over 6,300 reviews, Lending Stream has a review score of excellent with five stars out of five. On Trustpilot 95% of customers rate Lending Stream as excellent or great and from this, Trustpilot has given the Lending Stream a TrustScore of 9.4 out of 10.

From the reviews, customers praise Lending Stream for their speedy service and how easy the process is as well as complimenting the simple platform and website making it hassle-free for customers. Returning customers are further rewarded with the loan processing taking just minutes to complete.

As well as the easy to use service, customers also recommend the customer service team and how helpful the advisors are whenever there is an issue. Above all, it is speed and efficiency which has helped Lending Stream receive such high praise, positive compliments and staggering review scores.