Lendable
Quick personal loans up to 30,000 € with instant approval, paperless applications, and fair rates. Check your eligibility without affecting your score.
Lendable has quickly become one of the leading digital loan platforms in Europe, especially valued in Spain for their friendly, rapid approval process. Borrowers can apply for loan amounts ranging from 1,000 € to 25,000 € for periods between one to five years. There are no fees required before the loan is disbursed, and all loans are regulated for security.
The platform features an online eligibility check that does not impact your credit score. This makes it easy to find out your likely rate before committing. No documentation is required at the first step, ensuring a hassle-free experience.
How to Apply Step by Step
Fill out your personal and financial information using Lendable’s streamlined application. Next, review your indicative loan offer and select your terms. If you accept, upload any required documents to complete verification. Once approved, your funds are usually sent within the same day, making the process incredibly swift.
Pros of Using Lendable
Users benefit from an easy digital-only application process and almost instant decisions. You can see your personalized rate in seconds without affecting your rating. Another advantage is the transparent fee breakdown and no early repayment penalties. Lendable’s support team is available seven days a week for assistance.
Cons of Using Lendable
Lendable’s highest APR rates can be considerable for applicants with fair or limited credit, so not everyone will receive the lowest rates advertised. The platform is also only available online, which might not suit those preferring in-person support.
Our Verdict
As an independent reviewer, Lendable stands out for its simplicity and fairness. The rapid funding and transparent process make it highly convenient, though best rates go to those with strong credit. Overall, it’s a modern option for responsible borrowing in Spain.