What is Peer to Peer Lending?

Quite simply, it is the process of matching Borrowers who want a loan to Lenders who want a better return on their money. RateSetter have a platform that enables individuals looking for a low cost personal loan to "meet" individuals looking for a better rate of return on their savings. The platform facilitates P2P Lending with unique technology that matches requests for loans and requests for Lender contracts.

Peer to peer lending provides better returns on your savings

The beauty of peer to peer lending sites like RateSetter is that due to the online nature of the business overheads are kept very low. This means a cost saving passed onto customers at both ends of the spectrum; Borrowers get a lower rate on their loan, Lenders get a better rate on their savings. RateSetter offer some of the most competitively priced personal loans in the market. When it comes to P2P Lending, RateSetter also offer an excellent rate of return on your money. Follow the link to view the live Lender rates.

Our personal loans can be used for various purchases, you may be wanting to buy a new or used car, use the money for a holiday loan to get away, or perhaps you're wanting a home improvement loan to refurbish your kitchen. The good news is the approval process is fast. It takes up to one working day to hear back from the RateSetter credit team, and the loan is transferred into your account the next working day. For a small fee you can even request a sameday transfer. To apply for an unsecured personal loan with us simply get your free SmartQuote today by visiting our application page. Thank you for your interesting in RateSetter.