Loans & lending - what is available
In this section you will find information on lending and loans that are currently available on the site and how much/for how long you can lend or borrow, with indicative rates. New products will be added from time to time as we expand our offering.
When we have been running a while we will add website statistics, actual loan rates and actual returns on lending.
{tab=What is Available}
Term months From 2.00 To 22.00 in 3 month steps e.g. 12, 15, 18 Loan amount £ From 22.00 To 1 in £10 steps e.g. £1000, £1010, £1020 Rate nominal % From 4.2% To 8.1% based on market rates Rate APR % From 4.8% To 8.7% includes loan costs (not membership)
Term months From 12,15,18,21,24,27,30,33,36,39,42,45,48,51,54,57,60 To in 3 month steps e.g. 12, 15, 18 Lend amount £ From £10 To no limit* in £10 steps e.g. £10, £20, £30 Rate nominal % From 4.3% To 6.1% based on market rates Ann. Rate % From 3.0% To 5.2% annualised rate incl fees & CS (not mem subs)
Loans Description Total Number Total Value £ Confirmed Loans 21 44360 Matches 109 2600 Bids 1755 129800 Members Description Total Number Total Value Members 449 0 New Bidding Loan Requests 0 0
The above interest rates are based on typical rates available in the market after fees and assuming the Compensation fund covers any default and before tax.
{tab=Default Rates}
All members of the Peer to Peer Finance Association have agreed to provide detailed annualised figures on arrears and defaults.
We have only been operating a short while and these are our figures to date.
| Year | 2014 |
| Actual arrears as a percentage of outstanding balances | 0.0% |
| The total of loan repayments more than 45 days late (but not defaulted) as a % of the outstanding amounts from loans made in the calendar year | |
| Expected lifetime defaults | 1.5% |
| Expected lifetime defaults amount as a percentage of total amount lent in the calendar year | |
| Actual default rate | 0.0% |
| Total defaulted loan amounts as a % of the total amount lent in the calendar year |