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Funding Circle vs Lending Works

Funding Circle Established 2009

Invest from £20

  • Back business loans secured by a personal guarantee via 2 products; Balanced option is higher risk but higher reward, Conservative option is a lower risk and lower reward.
  • Funding Circle invest your money via an Autolend system (Autolend will diversify your money to 100+ business loans. Lend up to 1% of your money to each business. See Funding Circle).
  • 6 months to 5 year terms.
  • There is a 1% annual servicing fee on the outstanding loan amount.
  • There are no fees for selling loans via Funding Circle (please note that all loan parts offered for sale require another investor to purchase them. This means there is no guaranteed access to cash).
  • IFISA available.

* correct as of 25/07/2018

VS

Lending Works Established 2012

Invest from £20

  • Back personal loans secured by a personal guarantee via 2 products.
  • Lending Works diversify your money across multiple loans. Lending up to 10% of your capital on one loan.
  • 3 to 5 year terms.
  • There are no fees for investing in a loan however Lending Works charge a small spread between the borrower and lender rates.
  • There is a fee of 0.6% for selling a loan before it's been fully repaid by borrowers (please note that all loan parts offered for sale require another investor to purchase them. This means there is no guaranteed access to cash).
  • IFISA available.
  • lend via a SIPP.

* correct as of 19/07/2018

Borrower rate

* Borrower rate represents the gross interest rate charged to the borrower.


Default rate

* Definition of what represents a default will vary according to each platform * Default value represents loans originating from that month.


Total lent

Funding Circle £3,448,615,744
Lending Works £75,715,356

> The total amount ever lent out by the platform

Average loan

Funding Circle £68,836
Lending Works £5,890

> The mean average loan amount

Biggest loan

Funding Circle £776,250
Lending Works £29,563

> The single biggest amount lent out

Biggest default

Funding Circle £515,480
Lending Works £27,821

> The single biggest default

Min investment

> The minimum amount needed to invest




Disclaimer

The statistics are generated from data we have collected. We can not guarantee that there are no errors, omissions or inaccuracies.

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