No Primary Marketplace Fees
Unlike with many other investment forms — and a large number of other peer-to-peer lending platforms — individual lenders don’t incur any charges, except a small administration fee if you decide to sell your loan.
Loans are graded from A+ to C, with C being the most risky type of loans and A being the least risky. We don’t accept any borrowers who do not meet at least our C-rated score criteria.
When bidding for a loan to invest in, the maximum rate of interest that you can bid for will be determined by the risk band allocated to the loan, as follows:
- C: 20% and under
- B: 17% and under
- A: 14% and under
- A+: 11% and under
You can choose the rate you want to lend at within these bands.
0.50% sale fee
If you decide to sell a loan part, there is a 0.50% sale fee based on the outstanding capital, which is payable once your loan part is sold. For example, if you sell a loan part with £100 principal remaining, the sale fee would be £0.50 once the loan part sells. No charges apply if a loan part is not sold.