Apply for low cost, peer to peer car finance at RateSetter.com. Excellent peer to peer borrowing rates with the freedom to pay back early at no extra cost.
If you have any questions, suggestions or feedback please feel free to get in touch.
7.8% *representative APR
Welcome to RateSetter, the UK’s fastest growing peer to peer lending site. Here at RateSetter our lenders offer loans for all purposes, from home improvement to car finance and everything in between.
We work to bring lenders and borrowers together, in a secure environment, to allow them to lend money to each other at a better rate than a bank does, allowing both borrowers and lenders to benefit from better rates of interest on their car loans.
As a borrower you will be looking for the best possible deal on when financing your new car, trying to find and get a loan at the lowest available rate.
At RateSetter we work to make this easier for you to do, by bringing you together with a host of lenders who are willing to lend to you at the rate you would like, giving you some of the best savings on car finance found nationwide.
However, we’re not a bank. We work merely to facilitate the platform on which lenders and borrowers can be brought together, increasing the ease at which they are able to find and borrow from one another. This function, to provide lenders with a simplified means of lending to others, means that any loan or car finance you obtain through us won’t carry the same excessive rates, fees and mark-ups which are to be expected of a traditional high street lender, making it better for everyone.
Applying for your car finance loan with RateSetter is quick and easy. All you need to do is use our smartquote engine, entering details of how much you want to borrow and how long. Once you have completed the smartquote process, which should take no more than a few minutes, you will be given a breakdown of the rate, fee, monthly repayments and total cost of your new car loan.
If you are happy with the quote you receive you will next need to complete our loan application process, providing all the usual personal and financial details you would be asked for any loan. Once this has been completed it will be reviewed by one of our loan specialist, who will be able to advise you of whether your application has been approved within 1 business day, allowing you to get the car finance you need without any delay.
Yes, it is, and it’s relatively easy to get up and running with RateSetter. Becoming a lender with us is easy, simply go to the peer to peer lending section of our site after completing your car loan application to sign us as one of our lenders. The whole process should take no more than a few minutes, allowing you to start benefiting from greater rates of interest on your savings instantly.
If you’re interested in finding out more about becoming a lender and have any questions you would like to put to one of our representatives please feel free to contact us. You can do so by using the details provided on the contact section of our site. Should you have any other comments or feedback about our site and service you may also put these to us using the same details. We appreciate hearing from you users and will aim to respond to all comments and suggestions as quickly as possible.
RateSetter is the trading name of Retail Money Market Limited (Company Number 7075792).
RateSetter is authorised and regulated by the Financial Conduct Authority (FCA) with the reference number 633741.
RateSetter is not covered by the Financial Services Compensation Scheme.
RateSetter is a member of CIFAS and is registered with the Information Commissioner's Office under the registration number Z2083390.
Its registered office is at 406 Great Guildford Business Square, 30 Great Guildford Street, London SE1 0HS.
*Representative APR based on £10,000 over 60 months. Lender rates assume full reinvestment
of repayments at the current last matched rates throughout the term and assumes any bad debt can be covered by the RateSetter Provision Fund.
Data from the RateSetter website (including market data) is protected by © and database rights. It may not be used for
any purpose without a licence. © Retail Money Market Limited. All rights reserved.