What Is Loanable?
Loanable is an online loan broker that helps match borrowers with lenders. Customers need to complete an application form and our technology will process the application and place it with a lender or partner to try and find them a loan.
Is Loanable a Lender?
No. Loanable is not a lender, we are a loan broker. We process customers loan application with several lending and broker partners who are carefully chosen to meet the applicants credit requirements.
Will Loanable Charge Me a Fee for Finding a Loan?
No. Loanable will never charge you a fee. And we urge you to be extremely vigilant of any website that charges a fee to find a loan. If you have had fees taken off you for finding a loan report the company involved to both Action Fraud and the FCA.
Why Should I Use Loanable?
By applying for a loan with Loanable, you will have access to multiple lenders and partners who are suited to your individual circumstances. We work hard to constantly enhance our lender and partner database to try to improve your chances of being approved for a loan.
What Type of Loans Do Loanable Do?
Loanable broker several different loan types including:
- Short term loans,
- Personal loans,
- Car finance,
- Bad Credit Loans,
- Bridging loans
Am I Not Sure What Type of Loan I Want?
Before applying for a loan it’s a good idea to know exactly why you want the money and the amount of money that you want to borrow. This will determine the type of loan you will apply for.
I am Not Sure I Can Afford to Repay a Loan – Should I Apply?
No. If you have any doubts whatsoever about your ability to afford a loan we strongly suggest that you do not apply.
Can Loanable Guarantee That I Will Be Approved for a Loan?
No. Loanable cannot guarantee that you will be approved for a loan. We urge extreme caution from any website that suggests that you will be guaranteed to find a loan.
How Does Loanable Make Money?
Loanable is paid commission by the lenders and partners whom we introduce your loan application to. In some cases, we may receive commission even if you don’t take the loan out. Please note that the amount of commission we receive has no influence on which lender we process your application with. Treating you fairly and always ensuring we provide you with the best possible outcome is our priority.
Will Loanable Perform a Credit Check on Me?
No. Loanable will not perform a credit check on you. However please be aware that some lenders and partners may perform credit checks. When you apply for a loan with Loanable you will have to agree to be credit checked. If you don’t want this then please do not apply for a loan. Be sure to check with the individual lender.
Will Loanable Sell My Details to A 3rd Party?
Who Are Loanable Regulated By?
Loanable is a licensed credit broker regulated by the Financial Conduct Authority.
What Can I Do If I am Not Happy with Loanable Service?
Loanable are committed to treating customers fairly and we try our best to provide you with the best possible service. If you are not happy please contact customer services [email protected] and we will try and resolve any issues you have.