Lending Works
Lending Works is a loan agency based in London, England. They offer financial services to individuals in need of loans.
Introduction to Lending Works
Lending Works is a loan agency and financial service provider that was founded in 2014 in London, England. The company's purpose is to provide affordable loans to customers while ensuring that the lending process is transparent and fair. What makes Lending Works unique is its use of cutting-edge technology to match borrowers with lenders and offer competitive interest rates.Services & Products
Lending Works offers personal loans, car finance, and debt consolidation loans to its customers. The company provides loans from £1,000 to £25,000 with repayment terms ranging from 12 to 60 months. Customers can apply for loans online and receive a decision within minutes.Location
Lending Works is located in the heart of London on Old Broad Street. The area is known for its bustling financial district and is home to many businesses and corporations. Customers can expect to find a variety of shops, restaurants, and cafes in the area. The closest public transportation options are Liverpool Street Station (0.2 miles), Bank Station (0.3 miles), and Moorgate Station (0.3 miles).Benefits
Customers should choose Lending Works because of its commitment to transparency, affordability, and innovation. The company offers competitive interest rates, flexible repayment terms, and no hidden fees. Lending Works also uses advanced technology to match borrowers with lenders and ensure a seamless lending process.Good to Know
Customers should be aware that Lending Works conducts credit checks on all loan applications. Additionally, the company charges fees for late or missed payments.Reviews
Customers have praised Lending Works for its easy application process, affordable interest rates, and excellent customer service. Many customers have also noted that the company is transparent and upfront about its fees and terms.Amenities
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loan -
online banking
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investment advice
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financial planning
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insurance
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mortgage
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debt consolidation
FAQ
What types of loans do you offer?
We offer personal loans for a variety of purposes, including debt consolidation, home improvements, car financing, and more.What are the interest rates for your loans?
Our interest rates vary depending on the loan amount, term, and your credit score. We offer competitive rates and our loan calculator tool can provide you with an estimate of your interest rate and monthly payments.What is the application process for a loan?
Our application process is simple and straightforward. You can apply online by filling out our application form and providing some basic information about yourself and your financial situation. We may also require additional documentation such as bank statements or proof of income.What are the requirements for loan approval?
We have certain eligibility criteria that you must meet in order to be approved for a loan. You must be a UK resident, at least 18 years old, have a regular source of income, and have a good credit history. We will also assess your affordability to ensure that you are able to make repayments on your loan.What happens if I miss a loan payment?
If you miss a loan payment, we will contact you to discuss the situation and try to find a solution. Depending on the circumstances, we may be able to offer a payment plan or deferment. However, if you continue to miss payments, it could negatively impact your credit score and we may take legal action to recover the debt. It's important to contact us as soon as possible if you are having difficulty making payments.Reviews
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E James
If you contact this company it is best to telephone or e-mail direct and not use the on-line messaging system.
29-03-2023
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alexandre Jolibois
Charged me negative interest during Covid even though portfolio was healthy. One of these companies which took Covid as an excuse. I would not trust with my money whether as an investor or a borrower.
29-05-2022
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andy thornton
Fantastic company very helpful and understanding. Thank you for your help Lending works 👌
29-05-2022
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Ollie Denby
Don't use unless you have no other option. When trying to settle the loan early they charge you even more and the APR isn't great. Some other loan companies will give you money off when you settle early so use them.
29-05-2022
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John Bryan
Absolute time wasters. Also I think they are a tiny outfit, so be careful with your data. I wish id never sent them mine.
29-05-2022
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C Quinn
DO NOT INVEST WITH LENDING WORKS. I invested a year ago, I've had no interest from them for 12 months, they took money from my account to pay their salaries, they would not let me withdraw. Now that they have finally allowed me to withdraw, they want to charge me a 10.5% fee to cover 'interest shortfall' Do not give them your money...You have been warned!!!
29-05-2021
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Danger Painter
These guys are great.... they seem like a fairly close knit team as I’ve always spoke to the same person (Alex) and she has been awesome. Due to the whole Covid thing, I missed a couple of payments but these guys were professional and empathetic and I’ve now paid off in full. Compared with how some other financial institutions deal with things, Lending Works are a world apart. On the other side of things, if you are an investor looking to eek some profit in these times of small returns, I would definitely point you this way. Would definitely recommend 👌
29-05-2021
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Eric Jousse
I think it is fair to say when peer 2 peer doesn't provide the savings as expected, but I think it is also fair to say when it does work well and for me it does. I have been saving money with Lendingworks from 2015 and I have never had any defaults impacted my interests and returns. From what I know, they have a shield that is taking care of defaults. All interests are fully paid and at the announced rate, withdraw doesn't take month but couple of days. So after almost 5 years, I am really happy about my choice with Lendingworks, I may have been lucky but all the basics investment principles where there for trust: shield protection, loans are divided between hundreds of lenders so you will never be dependent of one big default, Lendingworks is part of p2pfa, was the first one to have ISA licence by FCA, so all the lights were green. It is always key to read all information before investing and when you have FCA giving licence that means this company is respecting the rules. So from a LENDER prospective , i will definitely advice to save money with Lendingworks.
29-05-2020
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Malcolm cotton
very poor experience compared to other P2P sites like Ratesetter They misrepresent the time it takes for funds to be lent out . They tell you 7-14 days but I'm still waiting 39 days later, total joke , you have zero visibility.
29-05-2020
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Laughing Gravy
I haven't invested in Lending Works yet (awaiting a chunky inheritance due next month!), but from my extensive research of Peer to Peer platforms, this is the one who I'm most impressed with; both in terms of the security of investors' funds, the interest rates on their ISAs and online customer service. On every review site, Blair Cooper ( great name!) goes to great lengths to explain why most of the negative reviews are unfair ( see the ridiculous complaints by 'Alexander' and 'Amare' here as examples of how unreasonable people can be, yet the latter was still given a very generous £10 credit); or to explain and make amends when genuine errors have occurred. Anyway, keep up the good lending works!
29-05-2019
