RATESETTER Review: Peer to Peer Lending

RATESETTER is a P2P lending website allowing users to lend and borrow money directly with each other according to their own interest rates.

The portal is open for international investors.

Founded: 2010

Origin: United Kingdom

Buyback guarantee: No

Secondary Market: Yes

Autoinvest: Yes

Minimum investment: £10

Members
  • canythould43
Recent Group Photos
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RATESETTER Review: Peer to Peer Lending
  • canythould43
    RateSetter offers three investment options.

    -Access - 3% advertised rate, with no fee to release your investment early
    -Plus - 3.5% advertised rate, with an early release fee of 30 days of interest
    -Max - 4% annualised rate, with an early release fee of 90 days of interest.

    All rates are after fees but before tax. The minimum investment with RateSetter is £10, and you can invest in either a general 'everyday' account or in RateSetter's Innovative Finance Isa, where returns are paid tax-free.
    212 days ago
  • canythould43
    While most loans are issued to private individuals, a significant amount is also issued to businesses, property developers and via third party specialist lenders (e.g. vehicle loans and guarantor loans). The rate you receive is a function of supply and demand on the market, and will vary according to when you invest.
    212 days ago
  • canythould43
    canythould43 added a new photo
    Ratesetter is safe because of its “Provision Fund“. This basically pools risk between all lenders – so if you have a borrower who stops making repayments, the fund will immediately kick in and make up the difference.
    The Provision Fund it's how they manage to make unsecured consumer loans without an investor ever making a loss. The provision fund is currently only funded at 116% of expected losses.
    • Ratesetter is safe because of its “Provision Fund“. This basically pools risk between all lenders – so if you have a borrower who stops making repayments, the fund will immediately kick in and make up the difference.<br />The Provision Fund it's how they manage to make unsecured consumer loans without an investor ever making a loss. The provision fund is currently only funded at 116% of expected losses.
    212 days ago
  • canythould43
    RateSetter is one of the ‘Big 3’ UK platforms, alongside Zopa and Funding Circle. This means that it has major backing behind it, a well functioning website, and good liquidity.
    212 days ago
  • canythould43
    canythould43 added a new photo
    RateSetter lenders have now delivered more than £2 billion in loans to people and businesses across the UK and in doing so have earned over £76 million in interest.
    • RateSetter lenders have now delivered more than £2 billion in loans to people and businesses across the UK and in doing so have earned over £76 million in interest.
    273 days ago
  • canythould43
    canythould43 added a new video
    Innovative Finance ISA - IF ISA - Frequently Asked Questions
    Innovative Finance ISA - IF ISA - Frequently Asked Questions 02:54
    Innovative Finance ISA - IF ISA - Frequently Asked Questions Peter Behrens and Lucy Bott discuss the most frequently asked questions about the RateSetter Innovative Finance ISA.
    273 days ago
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