Home improvement loans
Use a home improvement loan to make upgrades to your house or flat
Who is Lendable?
Lendable is a UK-based online lending platform founded in 2014. Based in London, it offers personal loans through a paperless, digital process.
By leveraging technology and data, Lendable aims to provide quick and straightforward loan applications, with funds often available on the same day.
The company is authorised and regulated by the Financial Conduct Authority (FCA) and is a member of CIFAS, the UK's leading fraud prevention service.
What types of loans does Lendable offer?
Lendable offers unsecured personal loans to UK residents, providing quick access to funds for various purposes:
-
-
Car loans
Finance the purchase of a new or used vehicle with a car loan
-
Debt consolidation
Simplify your finances by combining multiple debts into a single loan
-
Holiday loans
Cover travel expenses and accommodation and plan your dream vacation with a holiday loan
-
Wedding loans
Cover costs such as venue hire, catering, and all the glittering extras that make your wedding day extra special
-
Unexpected expenses
Help pay for unforeseen costs such as car repairs or medical bills
How much can I borrow with Lendable?
You can borrow between £1,000 and 25,000 with Lendable, with terms ranging from one to five years. This represents a typical sum and repayment period for lenders that offer unsecured loans in the UK.
The amount you can actually borrow will depend on a range of factors, including your credit score and income.
Why choose a Lendable loan?
-
Quick access to funds
Receive the money in your account on the same day - often within two hours
-
Eligibility checker
Assess your eligibility in minutes without impacting your credit score
-
Fully digital
All paperwork and services are available through the website or app
-
7-day customer support
Available via email, phone, text, or live chat
How quickly will I receive the money?
Lendable says that once approved, the money should be in your account pretty much immediately.
However, it can take up to two hours and sometimes longer during evenings, weekends and bank holidays.
Are there any fees or charges?
Lendable charges a one-off loan fee that covers costs associated with the loan, including set-up and servicing. The fee is added to the amount that customers borrow.
It means that while they won’t have to find the money upfront, the fee will accrue interest over the term of the loan.
Lendable doesn’t state any fees for missed payments, but you should check the specific terms of any contract before signing.
Am I eligible for a Lendable loan?
Lendable outlines two key criteria potential customers should be aware of:
You regularly get paid at least £800 per month
You have been living in the UK for at least three years
Lendable has its own eligibility checker, which can perform a soft search on your finances and give you the likelihood of approval before you apply.
This helps you avoid being turned away with a mark left on your credit rating.
How to compare loans with MoneySuperMarket
We’re here to help find the right loan for you, so we’ll tell you which rates you’re guaranteed to get.
Trusted Service Awards Winners
MoneySuperMarket has won the Feefo Platinum Trusted Service Award, an independent seal of excellence, which recognises businesses that consistently deliver a world-class customer experience.
Can I take out a loan for less than one year?
Lendable loans aren’t intended to be used for short-term credit. So they don’t offer loan terms of less than 12 months.
While you could still pay your loan off early, it’s worth considering that unlike some other lenders, Lendable charges a non-refundable loan fee that will not be returned.
Can I top up my Lendable loan?
You cannot top up an existing loan, but if you've maintained a good repayment record and meet their eligibility criteria, you may qualify for a second loan. You can't have more than two separate loans from Lendable at the same time.
Do I need a guarantor for a Lendable loan?
No, you do not need a guarantor to take out a Lendable loan. Lendable provides unsecured personal loans, meaning there’s no requirement for a guarantor, security, or co‑signer.
What happens if I miss a loan repayment?
If you miss a payment, Lendable will attempt to take the payment via Direct Debit three more times. If you still cannot make the payment, any missed payments will be added to the end of your loan term, which may extend your loan term and could lead to additional interest.
Frequent missed payments could also damage your credit file.
Does Lendable offer payment holidays?
No, Lendable doesn't offer payment holidays. However, you may be able to temporarily lower your monthly payment to an amount you can manage if you're struggling financially.
How many Lendable loans can I have?
Lendable states that you can have a maximum of two Lendable loans at any given time, and each of your Lendable loans will be considered individual loans with separate monthly payments.
Can I make extra payments towards my loan?
Yes, you can make extra payments to your loan at any time without any additional charges or penalties.
Is Lendable classed as a payday loan?
No, Lendable isn't a payday loan lender. They offer unsecured personal loans over a set term, ranging from one to five years.
Super save with MoneySuperMarket
You work hard to earn your money, and we don’t think you should waste a penny of it paying over the odds on your household bills. That’s why at MoneySuperMarket, we’re on a mission to save Britain money.
Whip your credit score into shape with Credit Score
Super save over and over again with Energy Monitor
There are always more ways to save with MoneySuperMarket
So how do we make our money? In a nutshell, when you use us to buy something, we get a reward from the company you’re buying from.
You might be wondering if we work with all the companies in the market, or if our commercial relationships with our partners might make us feature one company above another. We’ve got nothing to hide, and we want to give you clear answers when it comes to questions like these, so we’ve pulled together everything you need to know on this page.
Reviewed on 8 Dec 2025 by
SuperSaveClub restrictions and T&Cs apply. Click here for details.