About Peer to Peer Lending
The loans offered through RateSetter are unsecured personal loans, designed specifically for those with good credit, giving them a cheaper way of borrowing from £1,000 to £25,000 for any purpose. Both the repayment term and amount of our loans is set by you, giving you greater flexibility over your personal loan and allowing you to pay it back over a period that suits you, from just 6 months and up to 60 months.
Unsecured personal loans are not secured against your property, and are instead based on your ability to pay and previous credit history. When applying for a personal loan with us, we will carry out a soft credit check, which won’t have any impact on your credit score if you are not approved for a loan.
The loans offered through our site can be for any purpose, whether you are funding a new car purchase, a holiday, or indeed for anything else. Applying for a personal loan is simply, all you need to do is complete our application process which will be reviewed within one working day, with the payout of your loan occurring the very next working day, allowing you to get your loan without any delay. To begin this process please navigate to the smart quote section of our site, providing your details as prompted.
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*Representative APR and AER based on the last matched rates on RateSetter. They include all fees. AER assumes 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.
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