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.