Livelend are a direct lender, to keep costs down to ensure your rate is low they are online only and use technology to communicate with you rather than have call centres.
To get a loan through Livelend you need to meet the following criteria to be considered; must be at least 18 years old, a UK resident, be employed, self employed or retired with a pension, have an income of at least £1,000 a month, have a good history of repaying debt or making payments and be able to afford the loan.
Livelend offers a reward personal loan of £1,000 - £12,000, the reward loan rewards you when your credit score improves, each time it improves by 25 points, the APR on your loan reduces by 2% (the lowest rate will be 7.9%), if your credit score goes down, you will not be penalised and the rate will not increase.
Depending on your circumstances Livelend will offer repayments over a period of 1 – 5 years. If you want to make over payments or fully pay off the loan you simply log in to your portal and enter the amount you want to pay off, there are no fees or penalties for overpayments or early repayment.
Livelend have fair and flexible loans and never charge a fee, whether this be to set up the loan, any monthly admin for the loan, any early repayment or even for a missed payment.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
24.9% APR Representative based on a loan of £5,000, repayable over 42 months at an interest of 24.9% pa (fixed). Monthly repayment of £172.91. Total amount payable £7,262.40. Our representative APR applies to loans from £1,000 to £12,000, for terms of 12-60 months.
Our personalised APRs range from 11.8% to 39.9%.
LiveLend is a trading name of Chetwood Financial Limited, Chetwood Financial Limited are Authorised and regulated by the Financial Conduct Authority: FRN 740551. If you currently have a loan with them and need to contact them you can do so through;
Ellice Way, Wrexham Technology Park, Wrexham, LL13 7YT