Tendo Loan Review 2025: Shocking Pros and Cons You Need to Know

Struggling to secure a loan with poor credit? Tendo Loan Connect offers a convenient solution by matching you with UK lenders, but is it the right choice for you?

Key Takeaways

• Service Type: Loan matching platform (not a direct lender).
• Loan Range: £100 to £5000, terms from 3 to 36 months.
• Interest Rates: 23.6% to 1721% APR, with a typical 79.5% APR.
• Pros: Free service, fast approval, flexible terms, works with all credit types.
• Cons: High interest rates, potential credit score impact, not all applicants qualify.
• Recommendation: Suitable for urgent, short-term needs if no better options are available. Always review terms and borrow responsibly.

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If you are searching for a loan and finding it difficult to get a good one due to poor credit history, then Tendo Loan Connect helps you fix your problem.

But the question arises, Is Tendo Connect good for you? Is Tendo loan legit?

Let’s move further. In this article, I will give a quick Tendo loan review, including how it works and its pros and cons.

Overview of Tendo Loan Review

Here is a short overview of the Tendo loan

Detail	Description
Service Type	Loan matching (not a direct lender)
Loan Amounts	£100 to £5000
Loan Terms	3 to 36 months
Annual Percentage Rate	79.5% (fixed)
Interest Rates	23.6% APR to 1721% APR
Eligibility Criteria	All credit types considered
Application medium	online application process
Charges	service is free to use
Official Website	Tendo Loan

What is Tendo Loan Connect?

Tendo is a valuable tool that helps people connect with lenders in the UK. It connects with more than 50 lenders to suggest a suitable loan for the people searching. It also provides you the facility at your concert space through online mediums.

Tendo Loan claims that its services are completely free of cost, but the lender charges you some fees in the same as opening fees.

Now we will understand the workings of the tendo loan.

Tendo Loan Eligibility Criteria

Follow the below steps to know the eligibility criteria associated with the Tendo Loan:-

• Visit the Tendo Loan official. The link is provided in the table.
• Click on the menu and choose Eligibility.
• Now Click on Apply Now.
• It will ask you to enter some detail.

• Fill all the details as shown on your screen.
• After completing all the details, click on the submit button, and it will take hardly 60 sec to give the response.

How Tendo Loan work?

Here are the step by step methods of how a tendo loan works:-

Apply Online

Fill out an application form on the Tendo Loan website with your basic details, finances, and the loan amount you need.

Find Lenders

Tendo will use your information to match you with suitable lenders from their network.

Review and Approve

If matched, you’ll receive a loan offer. Carefully review the terms, fees, and interest rates before accepting.

Sign and Receive Funds

E-sign the agreement, and the money will be transferred directly to your bank account.

Continuing this article will discuss some advantages and disadvantages of tendo loan.

Read More: Is PM Loans Legit or a Trap?

Pros and and Cons of Tendo Loan

Here are top 5 pros and cons of using Tendo loan:-

Pros	Cons
No fees	Interest rates can be very high (from 23.6% to 1721% APR)
Quick and easy entry process	Fees and interest charges can increase with late payments
Loans available for people with all kinds of credit	Not all applicants will receive the loan amount they want
Fast money transfer to your bank account	Hard credit checks may negatively impact credit scores
Flexible loan terms with up to 36 months to repay	Tendo Loan is not a lender. You will work with a different lender if got the approval.

Key Points to know about Tendo Loan

Knowing some key points of Tendo loan help you to make your decision more wisely according to your requirements:-

Interest Rates

Tendo Loan’s typical APR is 79.5%, but it can range from 9.0% to 1721%. Check other lenders for better rates before committing.

Credit Impact

Tendo Loan performs a soft credit check, which usually doesn’t affect your credit score. However, a hard credit check by the lender could lower your score.

Loan Terms

Review the loan details carefully, including monthly payments, total repayment amount, and loan duration.

Other Options

Consider alternative borrowing options like banks, credit unions, and peer-to-peer loans for potentially better rates.

Affordability

Be honest about your ability to repay. Assess your income, expenses, and existing debts before taking out a loan. Don’t borrow more than you can afford to repay.

Tendo Loans Contact Information

Contact on the below email and address for support.

• Email – [email protected]
• Office 9, Dalton House 60 Windsor Avenue London SW19 2RR
• If you want to register any complain contact on this number 0300 123 9123 and visit http://www.financial-ombudsman.org.uk website for more information.

Customer Feedback

Tendo Loan has been a lifesaver for me during a financial emergency. The application process was straightforward, and I got approved within minutes. The funds were in my account almost instantly, which was incredibly convenient.

However, the interest rates are a bit higher than I expected, so it’s essential to pay off the loan as quickly as possible to avoid accumulating too much interest. Overall, it’s a good option for short-term borrowing, but make sure you understand the costs involved.

Shared Experiences

1. Many users have appreciated the quick approval process, especially in urgent situations. However, some have noted that the interest rates are relatively high, making it more suitable for short-term needs rather than long-term borrowing.
   
2. Customers have praised the Tendo Loan app for being easy to navigate and use, with features that allow them to manage their loans, track payments, and even apply for additional credit without hassle.
   
3. While some users have positively interacted with Tendo Loan’s customer service, others have reported delays in responses or difficulty in resolving issues related to payments or loan adjustments.
   
4. Several customers shared that Tendo Loan helped them cover unexpected expenses, like medical bills or urgent repairs when they couldn’t access funds elsewhere. The quick disbursement was particularly helpful in these cases.
   
5. A few users mentioned challenges with the repayment process, particularly if their financial situation changed unexpectedly. Some found renegotiating terms or extending the repayment period difficult, leading to additional stress.

Conclusion

Tendo is not a good option due to the very high interest rate. Look for another option that provides you with a loan at a low interest rate.

If there is no option, then only you should consider this choice. Also, always read all the details before applying for a loan and borrow that much money that you can pay back without being in trouble.

Hope you conclude to a better decision. Still, if you have any questions, write them in the comment section and do share with your friends and relatives of similar interests.