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is get lendly legit

Is Get Lendly Legit? An Outline of the Facts to Help You Decide

is get lendly legit

Is Get Lendly Legit? An Outline of the Facts to Help You Decide

The concept of online lending has revolutionized the way people access financial services. Get Lendly is the newest entrant in the online lending space, offering both secured and unsecured loans. With its innovative loan products, Get Lendly has gained immense popularity in a short time. However, many people are still uncertain about its legitimacy. To help you in making an informed decision, here is an outline of the facts about Get Lendly.

The Background

Get Lendly is a financial services provider based in the United Kingdom. It was established in 2020 and has since been providing financial services to its customers across the country. The company is regulated and licensed by the Financial Conduct Authority (FCA). This ensures that it follows all the necessary regulations and complies with the FCA's guidelines.

In addition, Get Lendly is part of the Financial Services Compensation Scheme (FSCS). This means that customers are entitled to compensation if Get Lendly fails to meet its obligations. Furthermore, Get Lendly is also a member of the Consumer Credit Trade Association (CCTA). This ensures that its lending practices are in line with industry standards.

The Products

Get Lendly offers a range of loan products, including short-term and long-term loans. The short-term loan options include payday loans, instalment loans, and line of credit loans. The long-term loan options include bridging loans, personal loans, and secured loans.

The loan amounts range from �50 to �1,500 for payday loans, �500 to �5,000 for instalment loans, and �500 to �25,000 for line of credit loans. For long-term loans, the loan amounts range from �500 to �25,000 for bridging loans, �500 to �25,000 for personal loans, and �5,000 to �50,000 for secured loans.

The Application Process

The application process for Get Lendly loans is straightforward and convenient. All you need to do is complete the online application form with your personal and financial information. Once your application has been approved, you will receive an email with the loan details and a link to the repayment schedule.

You can choose to repay the loan either weekly, fortnightly, or monthly, depending on the loan type. You can also make early repayments or part-repayments without any penalty. Get Lendly also offers a flexible repayment plan in case you experience any financial difficulties.

The Interest Rates

The interest rates for Get Lendly loans are competitive and vary depending on the loan type. For example, the interest rate for payday loans range from 0% to 15% APR. The interest rates for instalment loans range from 7.5% to 24.9% APR. The interest rates for line of credit loans range from 7.5% to 34.9% APR.

For long-term loans, the interest rates for bridging loans range from 0.5% to 3.0% APR. The interest rates for personal loans range from 3.0% to 24.9% APR. The interest rates for secured loans range from 3.2% to 34.9% APR.

The Eligibility Criteria

In order to be eligible for Get Lendly loans, you must be a UK resident, aged 18 or over, and have a regular source of income. You must also have a UK bank account and debit card, as well as a valid mobile phone number and email address.

The application process requires you to provide your personal and financial information. This includes your name, address, date of birth, income details, and bank account details. Get Lendly will also perform a credit check to assess your eligibility for the loan.

The Security

Get Lendly takes your security very seriously. All of your personal and financial information is stored securely and encrypted using the latest security technology. Furthermore, Get Lendly is compliant with the Payment Card Industry Data Security Standard (PCI DSS). This ensures that all payment card transactions are secure and compliant with industry standards.

Get Lendly also employs a team of experienced security professionals to monitor the platform for any suspicious activity. They use advanced security technologies to detect and prevent fraud, ensuring that your data is safe and secure.

The Reputation

Get Lendly has established a strong reputation over the past few years. It has received numerous positive reviews from its customers, praising its customer service, loan products, and repayment plans. Furthermore, Get Lendly has also been featured in numerous publications, such as the Financial Times and The Guardian.

Get Lendly also has an active presence on social media, where it interacts with its customers and provides them with updates. This is a testament to its commitment to providing a great customer experience.

 
People also ask

How soon can I get my money? Once an approved applicant finalizes their application and signs their loan documents, funds from CCBank typically are deposited into your banking account the next business day. It may take up to 3 business days, depending on your bank's processing time after the funds are sent.

The application asks for basic information, such as your name, address and employment history, and Lendly will conduct a hard credit inquiry, which may affect your credit scores.

Lendly is an online lender that offers small loans between $1,000 and $2,000. You don't need the best credit to be approved. Instead, your employment and income may qualify you.

When it comes to credit scores, Lendly doesn't have a set minimum or maximum. People with all types of credit scores can apply.

 
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