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Our loans are simple, clear and transparent. Our interest rates start as low as 1.8% per month. Customers make monthly repayments and we charge an administration fee which starts at just 2.5% of your total loan value.
Our loans are simple, clear and transparent. Our interest rates start as low as 1.8% per month. Customers make monthly repayments and we charge an administration fee which starts at just 2.5% of your total loan value.
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Lendoe is a social lender with a particular focus on today’s under-served small business owner. The origins of the business began when we helped raise £220,000 to save a church building from repossession. Since then the team have gone on to disburse just over £600,000 in loans to small businesses across London and other urban cities within the UK.
Our mission is to serve the under-served. As a result, we take the time to really understand our customers and their current situation allowing us to make informed decisions.
We offer business loans between £5,000 to £20,000 for up to 12 months. We charge a monthly repayment fee which consists of interest and the principal (the original amount borrowed).
We can only lend to Limited Companies and Limited Liability Partnerships. Our typical requirements are:
By . Our application form takes less that 5 minutes!
The loan process typically takes 14 working days however this may vary on a case by case basis.
It's a no hassle 4 step process which goes a little something like this:
Once complete, all you have to do is ensure there is enough money to make your monthly repayment, top up when you need more and repeat! It’s really that simple.
Rates start as low as 1.8% per month. How much you are charged will depend on various factors like your business's credit score, level of affordability and other factors such as your personal credit score.
Yes, we charge an administration fee which starts at 2.5% of your loan amount. This fee is charged upfront and will be deducted from your loan before drawdown.
If you pay late you may incur a fee. This will depend heavily on how late you pay and whether or no you’ve informed your relationship manager. For more information on our late fee schedule please contact us at support@lendoe.com
In addition, if you find yourself in a situation that prevents you from making your monthly repayment, please contact us to make us aware of your situation. We understand that your business may not always perform as well as you expect, as a result we ask that you contact us immediately so we can propose plans and payment structures that suit you.
We will only charge you early repayment fees within the first three months of each loan. Please find some examples below:
You are settling your loan in full in month two of your twelve month loan agreement. You’ve only paid your first loan repayment and are now fourteen days away from your second repayment and forty-four days away from your third loan repayment.
Because you are settling your loan within the first three months, we will charge you the remaining interest you were expected to be charged on your next two loan repayments.
You are settling your loan in full in month six of your tweleve month loan, you are fourteen days away from your seventh repayment date. You inform us that you would like to settle your loan in full. We give you the option to settle your loan immediately or settle your loan on your next repayment date.
If you decide to settle immediately, we’ll only ask you to pay the interest you’ve incurred up until the next working day. Alternatively, you may decide to settle your loan on your next repayment date. In that case we take the full expected monthly repayment as usual and close your loan.
Still confused? Contact us at support@lendoe.com
Yes, you’ll be required to apply again just like you would if you were taking a new loan however the process is likely to be much faster as we’ll already have all of your details.
Yes, we need to do so to lend responsibly. We work with different credit reference agencies to collate all the information we require to make an informed decision on your loan.
We collect and hold personal information about you so that we may:
We may use and disclose your personal information for any of these purposes. We may also use and disclose your personal information for secondary purposes which are related to the primary purposes set out above, or in other circumstances authorised by the Data Protection Act. Sensitive information will be used and disclosed only for the purpose for which it was provided (or a directly related secondary purpose), unless you agree otherwise or an exemption in the Data Protection Act applies.
Lendoe abides by the Data Protection Act 2018 (‘Data Protection Act’) and all other relevant UK and European data protection and privacy laws and complies with rules laid down by the Financial Conduct Authority (FCA).
All data electronically transfered between you and Lendoe is encrypted, using strong forms of encryption available commercially. We are committed to keeping your data safe.
Use the sliding bars to let us know how much you require and how long you require it for.
Please state your full name and personal details including your personal company email. Please ensure your personal details appear as they do on your photo ID and proof of address as this information will be cross referenced with other secondary data sources.
Please re-enter the amount of finance you would like again along with your company name and details. All this information will help us to correctly identify your business against companies’ house records and different credit reference agencies.