Lendable Loans Review
Editor, Consumer Finance: Michelle Blackmore
Last Updated: December 10, 2025
In This Article
Lendable provides access to personal loans through a straightforward online application that begins with a soft eligibility check. This lets you view personalised rates without affecting your credit score. Loan amounts, terms and rates vary based on your credit profile, income and the lender’s affordability checks.
Lendable Loans is operated by Lendable Limited, a UK company (company number 08828186) authorised and regulated by the Financial Conduct Authority. Its registered office is Telephone House, 69–77 Paul Street, London, EC2A 4NW.
Every application is assessed individually. Rates, terms and approval depend on the lender’s criteria, and you should only proceed if the monthly repayments fit comfortably within your budget.
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Mintify Limited, trading as Mintify, is an Introducer Appointed Representative of Creditec Limited who acts as a credit broker, not a lender.
Who are Lendable?
Lendable is a UK-based financial services company, authorised and regulated by the Financial Conduct Authority. They provide access to personal loans through a fully online application.
The first stage is taking a free eligibility check, which uses a soft search so you can view personalised rates without affecting your credit score. If you choose to continue, Lendable completes full credit and affordability checks before making a final decision.
Lendable also provides loans that appear under well-known partner brands. Examples include the Post Office Loan and the ASDA Money Loan. These branded products use Lendable’s credit checks, decision-making and regulatory standards, and Lendable is shown clearly as the lender during the application.
How Lendable loans work
Lendable Loans uses an online process to show personalised loan offers and confirm whether a lender may be able to help. The key steps are:
- The application begins with a soft search so you can see potential rates without affecting your credit score.
- You provide information about your income, spending and overall financial situation.
- You may see loan options from Lendable or another loan provider based on the details you submit and the lender’s criteria. These options are indicative and not an approval.
- If you choose to continue, the lender completes full affordability and credit checks before making a final decision.
- When approved, funds are sent to your bank account and repayments are made monthly by Direct Debit.
Lendable may ask for additional documents if they need to verify your information.
What loan amounts and terms does Lendable offer?
Lendable provides access to fixed-term personal loans, with the loan amount and repayment length based on the information you submit during your eligibility check. Your personalised offer reflects your credit profile, income and overall affordability as assessed by the loan provider reviewing your application.
Lendable’s platform shows the loan amounts and terms that you may be eligible for. These options can differ between applicants, and they may change if Lendable updates its product criteria or lending policy.
The final rate, total amount repayable and monthly repayment figure are confirmed only after the lender completes full checks and issues the final decision.
| Issuer | Lendable |
| Loan type | Unsecured personal loan |
| Rate type | Fixed |
| Interest calculation | Effective rate |
| Loan amounts | £1,000 to £25,000 |
| Loan terms | 12 to 60 months |
| Application fee | £445 |
| Debt consolidation limit | Up to £25,000 |
The information above reflects details available during Mintify’s research and follows our strict editorial guidelines._
Interest rates, loan fees and how Lendable sets your APR
Lendable Loans provides personalised interest rates, which means the rate you are shown is based on your credit profile and cannot be negotiated. A soft search is used at the first stage so you can view potential terms without affecting your credit score.
The representative example for Lendable is a £7,500 loan repaid over 36 months with monthly payments of £286.70. This reflects a fixed interest rate of 19.4 percent per year and a representative APR of 24.4 percent. The total amount repayable is £10,321.20, which includes a £445 loan fee.
Lendable states that APRs generally range from 8.1 percent to 48.9 percent for loan amounts between £1,000 and £25,000 over one to five years. Your personalised APR may be higher than the representative example because this depends on your credit history, income, existing commitments and the lender’s affordability checks.
Why is there a loan fee?
Lendable includes a one-off fee within the total amount you repay. This fee covers the work involved in setting up and running the loan, such as processing your application, completing credit and affordability checks and managing the account during the loan term.
Important: Lendable may update its APRs and lending criteria at any time. The representative APR shows what at least 51 percent of customers receive, but your personalised rate may differ. The loan fee is added to the amount you borrow and repaid through your monthly instalments, so it is important to review the total cost of the loan, not just the monthly repayment.
Does Lendable do same day loans?
Lendable aims to release funds shortly after a loan is approved and the credit agreement is accepted. They state that transfers are normally completed within a short period, often reaching the customer’s bank account the same day and in some cases within a couple of hours. The exact timing depends on your bank and the time the application is finalised.
Payouts may take longer during evenings, weekends or bank holidays, as processing times can vary. Lendable will notify you once the funds have been sent so you know when to expect the payment.
Money can only be transferred after all checks are completed and the loan has been formally approved. Same-day transfers are not guaranteed and depend on factors such as your bank’s processing times and when the agreement is finalised.
Who can apply for a Lendable loan?
Eligibility for a Lendable loan depends on meeting the basic requirements set by the lender when assessing your application. These checks look at your income, existing credit commitments, repayment history and overall financial position to understand whether the loan is affordable for you.
Meeting the initial criteria does not guarantee approval. It simply indicates whether a loan provider may be able to consider your application once full credit and affordability checks are completed. The options you see during the soft search eligibility check are based on the information you provide at that point in time.
| Minimum age | 18 |
| Maximum age | 70 |
| Residency requirement | UK resident for at least 3 years |
| Minimum income | £800 per month |
| Customer type | New or existing customers |
How many Lendable loans can I have?
You can have a maximum of two active Lendable loans at the same time. Each loan is separate, with its own agreement, repayment schedule and monthly direct debit. Lendable does not merge or combine existing borrowing into a single loan.
Any new application is reviewed on your circumstances at that point, including the loans you already have, your repayment history and Lendable’s affordability checks. Approval is not guaranteed and subject to affordability checks by Lendable.
Pros and cons of Lendable loans
Pros
Below are some pros of Lendable loans, but experiences vary, and the benefits listed may not apply to every applicant.
- Simple online application with an initial soft search that does not affect your credit score.
- Personalised loan offers based on your credit profile and affordability.
- Clear repayment structure with fixed monthly payments.
- Funds often released quickly once the loan is approved and the agreement is accepted.
- Easy-to-use online account for managing your loan and repayments.
Cons
- Personalised APRs can vary widely between applicants and may be higher than expected.
- Lendable charges a one-off loan fee, which increases the total cost of borrowing.
- Approval after the soft search is not guaranteed, as Lendable will complete full checks before deciding.
- Requests for additional documents may delay the application process.
- Borrowers can have two active Lendable loans, but each is a separate agreement with its own repayment schedule.
Mintip: Lendable Loans’ application requirements can change at any time. By checking your eligibility through a soft search, you can see whether you may qualify for loan options from other loan providers without affecting your credit score.
Get Personalised Loan Rates
Find lenders that may be able to approve you
Options for all credit backgrounds
Representative 18.6% APR
No impact to your credit score
Mintify Limited, trading as Mintify, is an Introducer Appointed Representative of Creditec Limited who acts as a credit broker, not a lender.
Is Lendable a legitimate lender?
Yes. Lendable is authorised and regulated by the Financial Conduct Authority. This means any loan provider offering you a loan through their platform must follow UK consumer credit rules, including affordability checks, transparent disclosures and clear identification of who is providing the loan.
When you check your eligibility, the lender behind your offer is shown clearly. This ensures you always know which organisation is assessing your application and issuing the credit agreement before you decide whether to proceed.
What companies use Lendable?
Lendable provides the technology behind several well-known brands that offer personal loans in the UK. These brands use Lendable’s platform to process applications and present personalised loan offers, and the loan itself is issued by Lendable which is shown during the application.
Examples include Post Office Loans and ASDA Money Loans, both of which use Lendable’s systems to support their customer journey. Each product follows its own terms and conditions, and the partner brand is always identified clearly before you decide whether to continue.
This approach helps applicants understand exactly who is assessing their information and who will provide the credit agreement if they choose to proceed.
Lendable loan reviews
Customer feedback offers insight into how borrowers experience the application process, communication and ongoing account management. Lendable receives a large number of reviews on Trustpilot, where customers describe both positive and negative aspects of their experience. Individual experiences vary and past reviews do not predict the outcome of your application.
Common positive themes
- Simple and quick online application process.
- Clear explanation of loan terms and repayment details.
- Fast decisions once full checks are completed.
- Easy-to-use online account for managing repayments.
- Straightforward communication throughout the process.
Common criticisms
- Some applicants receive higher personalised APRs than expected.
- Not all applications are approved after the soft-search stage.
- Requests for additional documents can extend the assessment process.
- Personalised loan fees and total cost of credit vary between applicants.
- Outcomes differ significantly depending on individual credit profiles.
Your experience may differ from other customers, as rates, decisions and loan terms depend on your financial situation and the lender’s assessment at the time you apply.
How to apply for a Lendable loan
The application process for a Lendable loan is fully online and begins with a free online eligibility check so you can see potential rates without affecting your credit score. If you choose to continue, Lendable completes full checks before issuing a final decision.
- Start by providing information about your income, spending and existing credit commitments.
- View the personalised loan options the lender is willing to consider based on the details you submit.
- Decide whether to continue to a full application once you have seen the potential rate and terms.
- Upload any documents the lender requests to verify your information, such as proof of income or identification.
- The lender completes full affordability and credit checks to confirm whether the loan is suitable.
- If approved, the lender issues the credit agreement and sends the funds to your bank account.
- You manage your repayments monthly by Direct Debit through your online account.
The options you see during the soft-search stage reflect your information at that time and may change if the loan provider updates its criteria or requires additional verification.
What to know before you apply
Make sure the monthly repayment fits comfortably within your budget before applying for a loan. Loan offers are personalised, and your rate, term and approval will depend on your financial situation and the affordability assessment.
Always review the total cost of the loan, including the loan fee, and read the credit agreement carefully before accepting the offer.
Mintip: Only take out credit if you are confident you can keep up with the repayments. If your repayments ever become difficult to manage, free and impartial support is available from organisations such as StepChange, National Debtline and MoneyHelper.
Should you take out a Lendable loan?
Lendable offers a clear online process and personalised loan offers based on your financial situation. Many applicants value the simple application, quick decisions and fixed monthly repayments. However, your APR and total cost of the loan will depend entirely on your credit profile and the lender’s affordability checks.
A Lendable loan may be suitable if you want to compare personalised loan offers quickly and prefer managing the process online. It may not be right for you if the repayments would place pressure on your budget or if another type of borrowing better suits your needs.
Get Personalised Loan Rates
Find lenders that may be able to approve you
Options for all credit backgrounds
Representative 18.6% APR
No impact to your credit score
Mintify Limited, trading as Mintify, is an Introducer Appointed Representative of Creditec Limited who acts as a credit broker, not a lender.
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The content presented here has been impartially gathered by the Mintify team and is offered on a non-advised basis for informational purposes only. We adhere to strict editorial integrity. Mintify is an Introducer Appointed Representative of Creditec Limited. We provide editorial reviews of the whole market, but we only provide links to apply for products available through Creditec’s panel of lenders. We may earn a commission if you click these links. This does not affect our editorial independence, but it limits the products you can apply for directly on this site.