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Lending Works


A peer-to-peer lender hosting creditworthy borrowers with personal loans to invest in. Lending Works pride themselves on being honest, fair and transparent when connecting lenders and borrowers together. They offer investor insurance cover which has resulted in zero capital lost to date and can give a quote for a loan in just 2 minutes.THe company also offers an IFISA product.

  • Earn 6% per annum on a 5-year term
  • Earn 4.5% per annum on a 3-year term
  • Minimum investment is £1,000
  • Insurance is provided via the Lending Works Shield
  • Full control: Re-invest funds, draw an income, or withdraw funds early
  • Back personal loans secured by a personal guarantee
  • Lending Works diversify your money across multiple loans. Lending up to 10% of your capital on one loan
  • No fees for investing

* correct as of 05/10/2018


Borrow up to £25,000 Visit

Lending Works Borrower rate vs Default rate

* Borrower rate represents the gross interest rate charged to the borrower. * Definition of what represents a default will vary according to each platform. * Default value represents loans originating from that month


  • Total lent

    The total amount ever lent out by the platform

    £138,677,738

  • Average loan

    The mean average loan amount

    £6,115

  • Biggest loan

    The single biggest amount lent out

    £30,123

  • Biggest default

    The single biggest default

    £28,398

  • Min investment

    The minimum amount needed to invest

    £0

  • Established date

    21/11/2012

Products


IFISA

Min investment
£1,000.00
Estimated return
4.5% - 6%

Invest the full 2018/19 allowance of £20,000 with Lending Works and earn 6% per annum on a 5-year term tax-free, or 4.5% per annum on a 3-year term tax-free.

Loan repayments can be taken as income, or reinvested automatically for greater returns. Payments can be received weekly or monthly. Customers can transfer-in existing ISAs.

Personal Loan

Min investment
N/A
Estimated return
N/A

Borrowers can apply for a flexible fixed-rate personal loan to cover almost any need. This can include redecorating a home, buying a car, paying for a wedding, etc.

Customers can repay their loan early without incurring a charge. Any late payments may result in additional fees or charges.

Exact rates, terms and amount-to-borrow can be discussed after an application assessment.

Debt Consolidation Loan

Min investment
N/A
Estimated return
N/A

By consolidating debt from credit cards or outstanding loans, customers could save money due to paying a lower interest rate. Applying for this product could result in receiving funds to a bank account in less than two working days.

Exact rates, terms and amount-to-borrow can be discussed after an application assessment.

Car Loan

Min investment
N/A
Estimated return
N/A

Ideal for those looking to purchase a car for daily commutes, a weekend drive, or any other personal reason.

Exact rates, terms and amount-to-borrow can be discussed after an application assessment.

Home Improvement Loan

Min investment
N/A
Estimated return
N/A

For people who dream of a new kitchen and bathroom, or adding a conservatory. This product is suitable for those who are looking to convert their loft into a living space or redecorating the bedroom.

Exact rates, terms and amount-to-borrow can be discussed after an application assessment.

Wedding Loan

Min investment
N/A
Estimated return
N/A

Couples who want to have the perfect wedding can apply for a loan to cover costs, such as hiring a band or picking the ideal venue.

Exact rates, terms and amount-to-borrow can be discussed after an application assessment.

Holiday Loan

Min investment
N/A
Estimated return
N/A

People who like to explore and experience adventures on holidays can apply for a Lending Works Holiday loan. This could include skiing on the Alps to taking an American road trip.

Exact rates, terms and amount-to-borrow can be discussed after an application assessment.


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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