Lendable is a UK direct lender offering unsecured personal loans using a technology-driven credit assessment approach. Founded in 2014, they use data science to assess creditworthiness beyond traditional credit scores, which can benefit borrowers who have been declined by mainstream lenders despite having a fair credit profile. Lendable is authorised and regulated by the Financial Conduct Authority. Lendable Personal Loan at a Glance 2026
Source: Lendable website, April 2026. Representative APR from 5.9% — the rate you are offered will depend on your individual credit profile. Always verify current rates at lendable.co.uk before applying. Lendable Pros and Cons
Lendable vs Zopa vs Bamboo
Our Verdict Lendable is worth considering for UK borrowers with fair to good credit who want a competitive personal loan rate with fast decisions. Their technology-driven approach can be advantageous for borrowers whose traditional credit score does not fully reflect their creditworthiness. Check your rate with their soft eligibility checker before committing — there is no impact on your credit score. Frequently Asked QuestionsIs Lendable FCA authorised? Yes. Lendable is authorised and regulated by the Financial Conduct Authority. You can verify this on the FCA Financial Services Register at register.fca.org.uk. What APR does Lendable charge? Lendable advertises rates from 5.9% APR. The rate you are offered depends on your credit profile, loan amount, and term. Always check your personalised rate using the soft eligibility checker at lendable.co.uk. Can I get a Lendable loan with bad credit? Lendable uses technology-driven credit assessment that looks beyond traditional credit scores. However, they are not primarily a bad-credit lender. If your credit history is severely poor, specialist lenders such as Bamboo Loans or Finio/OakbrookAdvance are more likely to approve your application. How fast does Lendable pay out? Lendable offers fast decisions and same-day funding in many cases once approved. The exact timing depends on when your application is approved and your bank's processing times. This article is for informational purposes only and does not constitute financial advice. Always verify rates and eligibility directly with the provider before applying. Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk |
Related Guides
- → Best Bad Credit Loans UK 2026
- → Zopa Personal Loan Review
- → Bamboo Loans Review UK 2026
- → Credit Builder Cards UK 2026
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