LiveLendGroup 2

Your Application

How do I apply?

LiveLend loans are available to customers on our website, by using our loan calculator and clicking 'Get my quote'. They’re also available on sites such as ClearScore, TotallyMoney and Experian.

We understand that you don’t want to spend all day filling in forms. We’ve made things easier and faster, so that you can get your quote online in just two minutes. We’ll do it in a way that doesn’t impact your credit score, so that you can get your quote and shop around for the best rate.

The rest of the application will take just another three minutes and we’ll transfer your funds immediately so your money is in your account in under four hours.

Our loans are 14.9% APR Representative.

Can I apply for a Reward Loan?

Since the 29th November 2018, we only offer the Reward Loan. When you apply for a loan, we'll do our usual checks to make sure our loan is right for you.

You can get a quote online in just two minutes and we’ll do it in a way that doesn’t impact your credit score. Get your quote today by using our loan calculator and clicking 'Get my quote'.

Our loans are 14.9% APR Representative.

How likely am I to be accepted?

You can get a quote online in just two minutes, so you'll know whether you can take our loan. And we’ll do it in a way that doesn’t impact your credit score, so that you can get your quote and shop around for the best rate. You can get your quote by using our loan calculator and clicking 'Get my quote'

To be eligible for a LiveLend loan you need to meet the following criteria:

  • Be at least 18 years old
  • Be a UK resident
  • Be employed, self-employed or retired with a pension
  • Have an income of at least £12,000 per year (before tax)
  • Have a credit history that we can see, and a good track record of repaying debt
  • Be able to afford the loan

All our loans are subject to status and our credit checking.

We don’t offer joint applications, guarantor loans or loans to businesses.

Our loans are 14.9% APR Representative.

Why can't you verify my bank details?

We use an electronic tool to check that your bank account is registered to your name and address. This helps us to protect against fraud and money laundering.

It’s important you check that:
  • Your bank details are correct
  • The bank account is registered in your name and current address
  • Your bank accepts faster payments
There are two main reasons why we might not be able to verify your account:
  • Some bank accounts opened before 1998 can’t be confirmed, as this is when the industry standard came into effect.
  • Some of the new challenger banks also can’t be checked
Unfortunately, if we can't match your account then you won't be able to have a loan account right now. We're working hard to find a better solution for this issue so that we can help even more customers open a LiveLend account.

Why can't you verify my personal details?

As a responsible lender, it's important that we can verify the following details during your application:
  • Your name and date of birthday
  • Your email address
  • Your phone number
  • Your address history and residential status
  • Your employment status
  • Your income and expenditure, including essential expenses and financial commitments
We also use a Credit Reference Agency (CRA), along with the information you tell us, to help correctly match your details and make a lending decision. CRAs such as Equifax, CallCredit (Transunion) and Experian, collect information about your which helps lenders verify your identity.

If the personal details they hold about you are not up to date or don't match what you've entered during your loan application, this may be the reason we can't verify your identity right now.

It's important that you make sure the information CRAs hold about you is correct. You can check what information they have by clicking the link below and accessing your credit report.

www.equifax.co.uk
www.callcreditstatreport.co.uk
www.experian.co.uk

How do you decide what rate to charge me?

We think representative rates are confusing. So, when we give you your quote, we’ll also give you your real rate. That way, you’ll know exactly how much your loan will cost. This is a rate individual to you, worked out based on the information you provide us with as part of your application, any information we might already know about you, and the information provided to us by our Credit Reference Agency.