Lendable Loans

UK lending platform. Instant decisions and personalised rates.

How Lendable works:

Traditional lending involves a so-called ‘financial intermediary’ - in other words, a bank. You, the borrower, receive your funds from an enormous pile of cash that the bank accumulates from savers (the ‘liabilities’ that have been talked about so much since the Financial Crisis).

That set-up gives the bank a privileged position: bringing together savers and borrowers, banks take a cut from both sides, which translates into higher rates for borrowers and lower rates for savers. Banks also rely on older IT systems they have built up over decades, and on top of that, they have networks of high street branches. All of these add to their expenses, and in turn drive up your borrowing costs. Banks want to make a profit, after all (and they’re pretty good at it, which is a sign that the market is uncompetitive).

Peer-to-peer lending platforms harness the power of the internet to change the business of lending in two crucial ways - which make all the difference:
1. We match borrowers directly with savers. Your loan is linked directly to a saver’s investment.
2. We use technology to make the borrowing process fast and efficient: no branches, no paperwork, just an easy, 30-second application process - and, if you like your quote, the money is in your account within minutes.

And that’s all it takes to make peer-to-peer lending significantly cheaper than traditional lending.

Borrowers pay less interest - and investors receive higher returns.

But don’t just take our word for it. Since P2P lending arrived on the scene, over £1bn have been lent in the UK alone. Globally, the five largest platforms have lent more than £5bn.

Lendable, however, is different from the rest.

At other UK P2P lenders, loans are only made to borrowers with the highest credit scores.

Lendable provides fair rates to a range of borrowers. We go beyond your credit score, offering loans to people with less-than-perfect credit histories, and still charging them less than banks.

And, to top it all, we’re the only platform to deposit the loan in your account instantly. Our technology is just that much more cutting-edge.

So: if you thought that getting a loan is a) cumbersome, b) costly and c) time-consuming, and that getting a P2P loan is only an option for borrowers with flawless credit histories - think again.

Lendable’s goal is to make borrowing as swift and painless as possible. In the digital age, you should expect nothing less.