Lending Works Loans

Everything you need to know about Lending Works loans

Who Are Lending Works?

Lending Works is a P2P lender that was set up in 2014. Since then they have lent almost £200m in loans to over 30,000 customers.

Lending Works currency offer loans and investment service (people can invest money in the form of loans through their P2P platform). 

If you are looking to compare loans it is worth considering if Lending Works could be right for you. 

Who Can Apply For A Lending Works Loan?

In order to request a loan from Lending Works you will need to meet the following lending criteria; 

  • Be at least 21 years of age 

  • Have a good credit history 

  • Be able to afford the repayments 

  • Provide proof of identity

We always advise you use a free eligibility checker first to see if you are likely to be accepted before you apply. 

How Can I Get A Loan From The Lending Works?

You can apply online, however, before doing so we advise that you use our loan comparison service. You will be able to see a range of lenders who may be able to help with your needs and make use of our free eligibility checker to see how likely you are to be accepted.

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How Much Can I Borrow?

With Lending Works you can take a loan out from £1,000 up to £25,000. 

How Long Can I Take A Loan For?

Lending Works offer loan terms between 1 year and 5 years. 

What Can I Use A Lending Works Loan For?

As with other personal loan lenders, you can use a Lending Works loan for many purposes, examples include weddings, holidays, buying a new car, paying for home improvements, and debt consolidation. 

You should always check the loan agreement for any excluded purposes to ensure that you are not in breach of anything. 

Can I Pay Off My Loan Early? 

With Lending Works you can make overpayments whenever you like via your online dashboard without any additional charges. 

Likewise, you can settle your loan early via the same online dashboard, again without any charges. 

Can I Change My Mind?

Yes, you have 14 days from the date that you sign your loan agreement to change your mind and cancel. To do so you will need to contact Lending Works directly. 


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