Lendable Loans

Mo's guide to all things Lendable.

Who Are Lendable?

Lendable was launched in 2014 with the aim of making the process of getting a loan quicker and easier for customers in the digital age. 

Lendable is currently a loans specialist and doesn’t offer any other products, so they are worth considering if you are in the market to compare loans

Who Can Apply For A Lenable Loan?

On their site Lendable states some basic eligibility criteria as follows; 

  • A regular income of at least £800 per month

  • You don't have any CCJs

  • You have 3 years of UK address history

They will consider a number of other factors too. We recommend you compare loans with Mo to see how likely you are to be accepted before applying. 

How Much Can I Borrow?

With Lendable you can borrow from £1,000 up to £25,000. 

How Long Can I Take A Loan For?

Lendable offers loans over terms from 1 year up to 7 years. 

How Can I Get A Loan From Lendable?

You can apply online. However, before doing so we recommend that you compare loans here to see how likely you are to be accepted and all the lenders that may be available to you. 

Compare With Confidence

Become the hero of your home with Monva - the simplest way to save time and money and find a great deal

What Can I Use A Lendable Loan For?

Loans from Lendable can be used for many things, including; 

  • Purchasing a holiday

  • Home improvements

  • Buying a new car

  • Debt consolidation 

  • Financing a wedding 

  • & many other things 

You should check the loan agreement for any excluded uses to make sure that you do not breach the terms. 

How Long Does It Take For A Lendable Loan To Come Through?

Lendable states on their website that funds will be with you within two hours, though this could take longer in the evenings, during weekends, and on bank holidays. 

Can I Pay Off My Loan Early? 

Yes, with Lendable you can make overpayments, or pay off your loan in full, in your online account, without any fees or penalty charges. 

Can I Change My Mind?

Yes, if you change your mind you cancel within 14 days. You will need to contact Lendable directly to do so. 

Compare With Confidence

Become the hero of your home with Monva - the simplest way to save time and money and find a great deal