lemon loans reviews

Lemon Loans Reviews | Borrow Up to £5000 Online

We’ve all encountered circumstances where we were strapped for cash or needed money but couldn’t get a bank loan. When you need money quickly, applying to the hundreds of lenders available can take a lot of time. On Lemon Loans, you can quickly get loans from more than 20 lenders, saving you time.

Check out the quick review of the loan platform below:

What is Lemon Loan?

Lemonloans.co.uk works with a select group of lenders in exchange for a commission charge. The company is a broker, not a lender. They don’t provide loans. Through their online form, they give customers access to a network of UK short-term and installment lenders. 

Are Lemon Loans Legit?

Yes. For a legit credit service, Lemon Loans is one you can trust. They have a network of direct lenders who will offer you loans according to your application.

How Do Lemon Loans Work?

Lemonloans.co.uk saves you time when you want to apply for loans. Instead of applying to different individual lenders, you can fill out one loan application. Lemon Loans shares your application with lenders in their network. Hence, they will save you time on your application. 

Note: Lemonloans.co.uk does not evaluate credit applications and is not a lender. Based on the information given, they match customer applications with lenders in their network. In exchange for the advertising services provided, the lender pays a commission to lemonloans.co.uk.

You can apply for loans in three ways:

  1. Fill out the loan application form
  2. Get a loan quote
  3. Receive payment same day

What Type of Loan Can I Get on Lemon Loans?

  • Guarantor Loans

Guarantor loans have a second signatory, usually, a friend or family member, who promises to pay back the loan if the borrower stops making payments.

  • Installment Loans

Payments for installment loans are disbursed during the loan’s term and can last up to several months.

  • Personal Loans

Personal unsecured loans are those that don’t demand any security and aren’t secured by your assets.

  • Short Term Loans

Short-term loans are small cash advances backed by future income typically less than £1,000.

How Much Can I Borrow on LemonLoans?

Lenders on the Lemon Loans network offer loans from £100 to £5000. However, not all borrowers can qualify for £5000. Your lender will figure out how much you can borrow based on the information you provide.

Eligibility Requirements

The prerequisites differ depending on the lender. However, here are the general requirements: 

  • Must be 18 or older
  • UK resident
  • Have an active bank account
  • Have a regular source of income

How to Apply for Lemon Loans

Follow this guide to apply for loans on Lemonloans.co.uk:

  1. Go to the Lemon Loans website.
  2. Use the slider to select the loan amount you need.
  3. Choose your repayment period.
  4. Enter your email address.
  5. Click on Get My Quote to begin your application. 

How Long Does it Take to Apply?

It takes a few minutes to complete the online application. Then, lemonloans.co.uk will try to connect you with a lender who will approve your loan by sending your application to its network of lenders. This procedure takes some time. If your application is approved, you will be taken to the lender’s completion page, where you can electronically sign for your loan.

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