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Ratesetter


Ratesetter are a P2P lender, established in 2010. There are 4 ways of earning interest on your money; monthly rolling market rate, 1 year market rate, 5 year market rate or set your own interest rate. You do not earn interest on your capital if Ratesetter has not lent your money out. Your money is more likely to be lent out if you operate within their market rates.

They offer business loans, personal loans and property loans. All loans are backed by a personal guarantee or secured against an asset or property. You cannot choose which loans you are investing in, Ratesetter allocate the loans for you. If you wish to exit early you can use their 'Sellout' function provided there are funds available in the market to replace the amount being withdrawn. You may not receive all of the predicted interest if you exit early. There is no charge to exit if you are using the rolling market. There is a 0.3% charge of your capital to withdraw funds from the 1 year market and a 1.5% charge to withdraw funds from the 5 year market.

Ratesetter operate a provision fund which pays out if the borrower defaults on their loan repayments. They currently boast that not one investor has lost any money through investing with Ratesetter. If the provision fund is completely exhausted, Ratesetter have a secondary capital buffer to dip into which is made up of future interest and provision fund inflows. If all of these protections fail, Ratesetter will divide losses up equally amongst all investors.

  • Back business loans, personal loans and property loans via 3 term periods.
  • Ratesetter choose your loans automatically.
  • 1 month, 1 year and 5 year terms with varying annualised return.
  • There is no fees or charges to invest using Ratesetter.
  • There is no charge to exit if you are using the rolling market. There is a 0.3% charge of your capital to withdraw funds from the 1 year market and a 1.5% charge to withdraw funds from the 5 year market.
  • IFISA available.
  • SIPP available.
  • Protected by the Provision Fund which provides a buffer against poorly performing loans.

* correct as of 17/07/2019


Ratesetter 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

    £3,174,795,480

  • Average loan

    The mean average loan amount

    £4,698

  • Biggest loan

    The single biggest amount lent out

    £1,951,908

  • Biggest default

    The single biggest default

    £840,000

  • Min investment

    The minimum amount needed to invest

    £10

  • Established date

    13/11/2009

Products


Rolling

Min investment
£10.00
Estimated return
3.5%

Funds will be invested for a maximum of 5 years. Any interest, including initial capital, is repaid by borrowers each month. Customers will receive compound interest as these repayments are automatically reinvested at the Market Rate. With this product, customers can withdraw their funds without incurring a charge.

1 Year

Min investment
£10.00
Estimated return
4.6%

Funds will be invested for the duration of a 1-year term. Capital and interest will be paid at the end of the term, customers can request an early withdrawal that will result in a 0.3% fee.

5 Year

Min investment
£10.00
Estimated return
6.3%

Funds will be invested for the duration of a 5-year term. Capital and interest will be paid at the end of the term, customers can request an early withdrawal that will result in a 1.5% fee.

IFISA

Min investment
£10.00
Estimated return
5.4%

Earn up to 5.4% tax-free by investing £20,000 into an IFISA. RateSetter offers Provision Fund Protection against low quality loans. Customers can transfer-in their existing ISAs. This ISA can be invested in either the Rolling, 1 Year, or 5 Year markets.


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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