Looking for Lending Stream Loans?
Lending Stream is a short term loan direct lender, offering quick cash for unexpected expenses. However, with a higher representative APR, borrowers may seek other options. That’s where Drafty comes in. We offer two alternatives: the Drafty Flex Line of Credit with a representative 96.2% APR and Drafty Loans with a representative 79.9% APR. Both Lending Stream and Drafty are trading names of GAIN Credit LLC.
Representative 96.2%APR (variable)
Representative Example: Assumed credit limit: £1,200. Representative 96.2% APR (variable). Annual interest rate 69.4% (variable).
Not all applications will be approved for credit. An offer of credit is subject to status and affordability checks.
Why choose Drafty as a Lending Stream alternative?
Fast
Cash sent to your bank in under 90 seconds, if approved. It may take longer to reach your account depending on your bank’s processes.
Flexible repayment
As long as you repay the monthly payment, how long you borrow for is up to you. No early repayment fees.
Trusted
Rated excellent on Trustpilot with over 10,000 reviews.
Convenient
Secure online application available 24/7. An instant decision.
Who is Lending Stream?
Lending Stream is a short term loan provider. They have been providing loans to customers online since 2008. Lending Stream offers an alternative to traditional payday loans. Instead of paying your loan back in one go, they’ll give you up to 6 months to repay. New customers can borrow from £50 to £800, and returning customers can apply for £100 to £1,500.
If you’re considering Lending Stream but want more flexible options, you can try Drafty. At Drafty we offer two options: Drafty Flex and Drafty Loans – so you can choose what works best for you.
Drafty Flex is a line of credit with a maximum limit of £3,000. It’s like a pot of cash, there whenever you need – if you have the credit limit available to you. No need to reapply. Our line of credit is subject to affordability and credit checks. With Drafty Loans you can borrow from £1,000 – £3,000, with repayment periods of 12, 18 or 24 months.
Is Lending Stream a legitimate company?
Yes. Both Lending Stream and Drafty are legitimate companies. Lending Stream and Drafty are both trading names of GAIN Credit LLC. Gain Credit LLC is an FCA-authorised and regulated direct lender. Their registration number is 689378. On their website, they say that responsible lending is their biggest priority, and they want to make sure their customers` experience is great. You can read Lending Stream customer reviews on Trustpilot and Reviews.io.
How can I check my eligibility with Drafty?
To apply online with Drafty, you need to meet the following requirements:
- Be at least 18 years old
- Be a UK resident with an active UK bank account and debit card
- Be in regular employment with a monthly income of at least £1,250
After you’ve applied, we’ll run affordability and credit checks. If approved with Drafty Flex, we’ll agree on a credit limit. Then, once you withdraw funds, we’ll send the money to your bank within 90 seconds. If approved for a Drafty Loan, cash will be sent to your bank within 90 seconds. Depending on your bank’s processes, it may take longer to reach your account.
To apply for either Drafty Flex or Drafty Loan, visit our homepage to learn more and decide which option is right for you.
Representative 96.2%APR (variable)
How does Lending Stream work?
Lending Stream is a direct lender, providing short term loans to UK residents. You can apply for a loan online, and receive an instant decision. Approval is subject to credit and affordability checks. This ensures that the loan is manageable based on your financial situation.
If approved, they send cash to your bank within 90 seconds. It may take longer to reach your account depending on your bank’s processes. Borrowers have 6 months to repay their loan. Lending Stream also allows early repayment without any extra fees. This can reduce the amount of interest you pay.
What type of loans does Lending Stream offer?
Lending Stream offers short term loans. New customers can borrow from £50 to £800. Existing customers can borrow from £100 to £1500. Their loans have a repayment period of 6 months. The cash will be sent to your bank within 90 seconds if approved. Plus, you won’t be charged fees if you repay the loan early.
Lending Stream considers people with bad credit, so customers might be eligible for bad credit loans.
What can a Lending Stream loan be used for?
Lending Stream loans can be used for various purposes, including urgent home improvements, car repairs, and unexpected expenses. If you are looking for a cheaper alternative, try Drafty.
FAQs – Lending Stream
Is Lending Stream a direct lender?
Yes, Lending Stream is a direct lender. They provide short-term loans directly to customers.
What APR and loan terms are offered by Lending Stream?
Lending Stream loans have a representative APR of 1271%. The actual cost of your loan depends on the amount you borrow. Applying for a short term loan with Lending Stream is simple. Choose how much you want to borrow and fill in your personal, banking and employment details.
Is Lending Stream still trading?
Yes, Lending Stream is still trading as of March 2025. They continue to provide short term loans to customers in the UK, offering a repayment period of 6 months. Lending Stream is operated by GAIN Credit LLC and is authorised and regulated by the UK’s Financial Conduct Authority (FCA).
Is Lending Stream a payday loan?
No, Lending Stream is not a payday loan provider. Lending Stream offers an alternative to payday loans. They offer short term loans with repayment periods of up to 6 months. Unlike payday loans, where you repay the full amount in one go, their loans allow you to repay in instalments, making it easier to manage your finances.
Who can apply for a loan with Lending Stream?
If you want to apply for a short-term loan with Lending Stream, you’ll need to be at least 18 years old, a UK resident and in regular employment earning at least £400 a month. You’ll also need a valid debit card and active UK bank account. For more information, visit Lending Stream’s website.
Does Lending Stream offer loans for bad credit?
Yes, Lending Stream considers applications from people with bad or poor credit history. They assess each application individually, looking at various factors, not just your credit score. If you meet their eligibility criteria and can afford the repayments, you may be approved for a loan, Lending Stream consider applications from people with a less-than-perfect credit history.
Please think carefully about whether Drafty is the right solution for you. This is even more important if you're in financial difficulty. If we don't think you can afford to repay your credit, we won't be able to approve you. We'll look at your current finances and credit history before we decide whether to give you credit. Failure to repay could impact your credit file.