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Frequently Asked Questions

At Loan Stream, we understand that finding a loan can be a lengthy, and confusing process. Here we answer some of the most asked questions relating to short term loans.

General Questions

Currently we work with lenders who are able to facilitate loans from £100 to £5000. The amount you will be able to borrow is dependent on your financial and personal circumstances.
This really depends on which provider in the list of possibilities accepts you. As a general rule you can expect to be presented with a lender within 2 minutes, but please bear with us if it takes slightly longer; this is normal.
APR stands for Annual Percentage Rate. An APR is used to calculate the amount you will repay in interest rate and fees associated with your solution. Historically, loans were taken out over several years – hence the measurement on an annual basis. Nowadays, with many shorter term options available, the APR may seem high, because these are taken out between 30 days, and 6 months, and not a year or more.
Under guidelines set out in the Consumer Credit Regulations 2010 (Total Charge for Credit), and the Consumer Credit Act 1974, businesses advertising loans are obliged to show an APR guideline, regardless of the term. Whilst this helps the customer compare products, the length of the loan should be considered at the same time to give a true comparison.
The representative APR that you see on sites are usually either the most common APR offered to customers, or the average APR. Each individual has different financial circumstances, and therefore risk factors, so the actual APR you end up with on your loan may vary from the representative example – for better or for worse. The representative APR figure therefore should only be used as a guideline.
As we are a completely transparent organisation, we make it clear that in order to cover our running costs, we receive a small fee from our lenders upon referral. This in no way increases the cost of your solution, and is never transferred to you. In situations where you are applying for a payday loan, but are rejected by our extensive panel of lenders, we may redirect you to a fee charging loan brokering website. The purpose of this fee is to cover the additional costs of finding an alternative solution. You are under no obligation to finalise your application, so please check the terms very carefully.
No, we are a licensed credit broker that uses state of the art software and systems to not only match you to a suitable lender, but also to ensure that a product is the right solution for you.
We have access to over 30 providers, and our systems allow us to ensure you get the right deal in no more than 2 minutes. If a lender rejects your application, it takes seconds to find another lender, rather than several minutes applying directly, multiple times. Once you fill in your details at loanstream.co.uk, we do the hard work for you, and you are under no obligation to accept your proposal. Remember, we charge you nothing for our service, so you really have nothing to lose, and everything to gain by enquiring now!
Once you have accepted a proposal from one of our partners, and are redirected, you no longer deal with us. For any problems directly relating to your solution, please contact your lender directly. If you have a query or complaint about our website, and the service we provide you, please write to us at [email protected], and we will endeavour to respond within 48 hours.

Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% pa (variable). Representative 305.9% APR.

To apply for loans through our website you must be a UK resident over 18 years old. We are a licensed credit brokerage business authorised by the Financial Conduct Authority, which effects introductions between borrowers and lenders as well as other brokers, for the purposes of entering into loan agreements. The operator of this website is not an agent or representative of consumers or any lender and does not endorse the services offered by specific lenders. As a broker we process the information you provide us and pass this onto our trusted third party lenders and brokers to help you apply for a loan. For more information on how we handle your data see our Privacy Policy

The actual loan offer you may receive may be lower than what you applied for. This is because each loan application is analysed and dependent on personal affordability. Lenders will also consider loan period, income and outgoings, which may result in the requested amount being declined, but a lower amount being offered.

Auto Decisioning allows lenders to make a decision on your loan application without the need for human interaction, for more information please contact your lender or see their privacy policy.

A Short Term High Cost loan should not be used as a long term solution. You should be aware that it may involve repaying a higher rate of interest, extending the terms of the debt and increasing the total amount you repay. If you are thinking of consolidating existing borrowing you should be aware that it may involve repaying a higher rate of interest, extending the terms of the debt and increasing the total amount you repay.

A guarantor is someone who agrees to back up your guarantor loan and steps in to make repayments if you don’t. Guarantors are usually friends or family members as these are the people who know you best.

©loanstream.co.uk is a registered Trading name of Dunham Technology Limited, registered in England and Wales under company number 10764606, with a registered office address of Bank Chambers, 93 Lapwing Lane, Didsbury, M20 6UR. Dunham Technology Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number 917634, and is an appointed representative of ESL Consultancy Services Ltd - registered in England and Wales under company number 11483654, with a registered office address of 20-22 Wenlock Road, London, England, N1 7GU - authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number 835333. Dunham Technology Limited is Licensed by the Information Commissioners Office (registration number ZA577714).

Our goal at Loan Stream is to provide access to short term personal loans and make the process of finding a loan as easy and simple to understand as possible. We do not favour a single lender - the choice is yours. We are a licensed credit broker, and not a lender. We do receive remuneration from the lender you apply with, but this in no way affects the rate or repayment terms you are offered.

Bank Chambers, 93 Lapwing Lane, Didsbury, M20 6UR.

0330 350 3244