Established in 2016, Chetwood Financial (trading as LiveLend) is a digital-first bank. They aim to provide cheaper products and services while building the best online banking experience. They also aim to serve customers other banks in the UK may be leaving out.
If you need cash for any personal purpose, try their LiveLend Loans personal loan. Not sure how to start? You can estimate your monthly payment first by using the LiveLend personal loans calculator.
Terms from 1 to 10 years. Representative example: 5 year £10,000 loan with comparison rates from 2.8% to 49.9% APR would cost between £10,728 and £27,321, including fees. The interest can vary between £728 and £17,321.
Overview of LiveLend loans
Chetwood calls the LiveLend loan the “world’s first dynamic loan”. This is because throughout the loan term, they’ll review your credit score every 3 months. If your credit score has improved a lot, then they will decrease your APR. What’s more, the APR does not change if your credit score has worsened. Both these conditions apply assuming your loan payments are up-to-date.
Apart from this unique feature, LiveLend loans also have the following:
- Limit from £1,000 up to £12,000
- Term from 1 year to 5 years
- No setup fees
- No-obligation loan quote
- Five-minute application process (in most cases)
- Instant credit decision within 2 minutes
- Same-day funds access within 4 hours
- Repayment through direct debit
- No fees on early or late loan repayments
- Committed customer service team via live chat, email or phone
For late repayments, LiveLend may still charge additional interest even if there are no fees.
You can read up on more details about LiveLend loans here.
Overview of application process
How do you know if you can actually apply for a LiveLend loan? To proceed, you must:
- Be 18 years of age or older
- Have a permanent residence in the UK
- Earn annual income or pensions of at least £12,000 before taxes
- Maintain a good credit history
Qualified applicants need only apply directly on LiveLend’s website. Ready any additional details like your address history, source of income, and monthly expenses.
LiveLend personal loan calculator
EST Monthly Repayment
12 months
to 60 months
EST Monthly Repayment
£1,000
to £12,000
Your loan rate reduces when your credit score improves. So your rate changes as you do.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £25,000
Paying off your debt using a Nationwide loan could give you the chance to take control of your finances.
Repayment Period
12 months
to 60 months
Loan Amounts
£7,500
to £15,000
You are eligible if youre 21 or over and live in the UK permanently, you have a regular yearly income of £6,000+, you are able to make your repayments by Direct Debit, and you havent been declared bankrupt, had a CCJ or an IVA within the last 6 years. All credit is subject to status and credit checks.
Repayment Period
12 months
to 96 months
Loan Amounts
£15,000
to £25,000
Make your plans a reality with a personal loan with fixed monthly payments, an instant credit decision, quick access to funds and no arrangement fee.
Repayment Period
24 months
to 60 months
Loan Amounts
£15,000
to £24,999
When it comes to putting your plans into action, its personal. And with a personalised loan just a few clicks away, getting things moving could be simpler than you think. Get your loan rate before you apply without it affecting your credit score.
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Minimum and maximum loan periods vary between 1 month and 10 years. APR varies between 2.80% and 71.30% p.a. Total interest repayments vary between £435 and £1,019 over the life of the loan. *APR is based on an unsecured loan of R£15,000 for a term of 3 years. WARNING: This APR is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different APR. These rates can change without further notice. All rates quoted are per annum.
