Lendfair
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They have quickly become an established leader in the market. There are many positive online reviews which make them a company well worth considering.
They offer loans at the smaller end of the market which makes them a good alternative to other well-known more expensive options.
With a current representative APR of 29.9% for their Advantage 29 loan, and 47.9% for their Standard 47 loan, they are slightly cheaper than some of their competitors, plus offer two options. The current market average is 49.9%.
When we ran tests we found the online application time to be 3m 20 seconds which is slightly longer than usual and in Choose Wisely’s Optio scoring system, they are rated at 60.6%, which is slightly below average (other lenders low 55% / high 78.9%).
With a competitive APR and the ability to release funds the same day as the application is approved LendFair is certainly a company well worth considering if you need a relatively small loan.
Loan Highlights
No fees of any kind
You don't need to have a good credit history
You don't need to have direct debit facilities
Your guarantor does not need to own their home
You don't have to have been a resident of the UK for a specified length of time
The 'Advantage 27' offers one of the lowest representative APRs currently available
Minimum Criteria
You will need a guarantor
Must be a UK resident
If you have a poor credit history, only the 'Standard 47' option will be available to you
Guarantor must have lived at their current address for at least 5 years to be eligible for the 'Advantage 29'
Your guarantor will need to make your repayments if you can't afford to
Guarantor must be aged between 20 and 75
Borrower can be aged between 18 and 75
Fees
Maximum APR 29.9% (Advantage 29) 47.9% (Standard 47)
Arrangement fee: £0
Minimum monthly payment £30 (Standard 47), £40 (Advantage 29)
Settlement fee: £0
LendFair's online reviews
4.6 out of 5 from 293 online reviews
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Very good....pleasant and made it easy
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Great
Emily -
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Quick, efficient, effective
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Very helpful and excellent customer service.
Julie Stone -
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Really helpful staff.
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Very straight forward and fast service thanks.
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No problems
Ricky -
Easy & simple
Louis -
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Very good service.
Christine -
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Excellent company
Lian -
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Good communication and extremely easy to deal with
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The process was thorough and the service polite and helpful.
Lesley in Hull -
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Very efficient
Trisha in Livingston
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Very quick & helpful
Shannon -
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Fairly good service all round.
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Excellent service. Great customer service
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Really good service every step of the way
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excellent service helpful staff
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Very helpful but the process has felt a bit slow
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An excellent company
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Very polite and competent agents on the phone.
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Service was friendly and helpful
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Great friendly response nice people who spoke to
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good customer service
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Nice people who take time to talk you everything.
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Everything went through very smoothly and quickly.
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Really easy to deal with, and very quick too!
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Excellent fast service.very friendly staff,s credit to the company .
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Helpful and very easy to deal with.
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Great customer service
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Very helpful and thorough.
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The process was easy to understand and follow.
Trusted Customer

My verdict of LendFair
By Jon Edward
Lender performance rating 60.6 out of 100
Lendfair is proven to offer their customers a high level of service and with two distinctly different types of guarantor loan available for their customers, they have designed their service to try and cover all bases.
Overwhelming positive reviews on feefo are a strong indicator regarding how they are viewed by their customers and with loans available from £500 to £10,000 and repayment periods stretching from 6 months to 5 years, they offer a high degree of flexibility.
Their ‘Advantage 27’ loan is one of the cheapest guarantor loans currently available and even if you do not qualify for this loan, the ‘Standard 47’ is not the most expensive on the market.
Loan Description
LendFair offer loans from £500 (lower than most of our other lenders) up to £10,000, the following explains some of the main features
Pro's 👍
- Fees – there are no arrangement fees to pay on a LendFair loan and no early repayment fees.
- Low value loans – being able to borrow from as little as £500 makes this a good alternative to other short-term lending.
- Funds the same day – in most cases you will receive the loan the same day it is approved.
Con's 👎
- Guarantor – you will need to find a guarantor and they will need to have a good credit history to be eligible for the lowest APRs.
- Bank Account – both the borrower and the guarantor must have a UK bank account.
- APR – the representative APR is lower than average but the eligibility requirements are far more stringent.
The basics ✍️
- UK Residency – you must be a resident of the UK
- Age – you need to be at least 18 and no more than 75 years old
- Affordability – you will need to demonstrate that you can make the repayments on the loan comfortably
- Fixed APR – whether your guarantor is a tenant or a homeowner you will pay the same fixed rate.
Lendfair Representative Example
Representative example 1. Borrow £3,500 over 48 months repaying £118.86 a month. Total repayable £5,705.28 Representative APR 29.9% fixed. Interest rate 29.9% fixed.
Representative example 2. Borrow £2,800 over 36 months repaying £134.45 a month. Total repayable £4,840.20 Representative APR 47.9% fixed. Interest rate 47.9% fixed.
Click to see a definition of Representative APR and the figures for our other lenders.
Company Information
Company Info
- Co Reg No 07975401
- Website
- Address 4 Capital Place, Lovet Road, Harlow, Essex, CM19 5AS
FCA Registration
- FCA Ref No 650429
- Firm Name Lendfair Limited
- Principal Place of Business Suite 1 Centurian House Barrows Road Harlow Essex CM19 5FN
Data Protection Info
- ico Reg No Z3156285
- Data Controller LENDFAIR LTD
- Address 4 Capital Place, Lovet Road, Harlow, Essex, CM19 5AS
- Other Names