P2P lending offers savers excellent rates

6.0% *5 Year Income market

Welcome to RateSetter, a leading site for peer to peer lending UK, providing borrowers and lenders with a personal finance platform which is a better way to save and borrow, P2P. Historically, most people have kept their savings with their bank, who then lend this money out to their own customers and retain profits made from these loans themselves, but now there is another way, where you can benefit from these profits yourself, by lending direct. With the peer to peer lending platform from RateSetter, you have far more control over your money, including control of the rates at which your money can be lent out at to prospective, creditworthy borrowers.

RateSetter is not a bank, and as a result, we do not lend money ourselves. What we offer instead is a P2P lending platform, which allows you to lend and borrow from people directly, through our transparent and efficient market place. The platform that we offer is safe, and fully regulated, giving you the peace of mind you need when lending your money. With RateSetter, you will remain in the driving seat at all times, deciding how much you would like to lend, and the rate at which you would be prepared to do so. After setting the rate and loan amount, you will be matched with a borrower who is happy to agree to this rate, making it easier and faster to find creditworthy borrowers than other peer to peer lending sites.

Like any high street bank, we work to ensure the creditworthiness of all of our borrowers, ensuring that you get the highest quality of borrower available when you decide to lend with RateSetter. All of this checking is carried out behind the scenes by our team, who complete all of the necessary paperwork so that you don’t have to, making peer to peer loans as simple as possible for you. At RateSetter, we have some of the lowest levels of default across the industry, but if for some reason one of our borrowers is late in repaying their loan, our unique Provision Fund is there to protect you, shielding you from the risk of bad debt.

All of the rates seen on RateSetter are set by our lenders themselves, and are offered to prospective borrowers by way of our fully-transparent lending marketplace, giving you a greater level of control when lending or borrowing with us. Typically, our 36 month loans have a return rate of 7.9% and our rolling monthly loans are on average 4.0%. Peer to peer lending is not new, but how RateSetter works is. The matching process offered by us, along with our variable rate Rolling loans and Provision Fund have all been designed to make borrower and lending direct easier, faster and safer than ever before. For more information on P2P lending, how we work and how we can get your savings working harder for you, please get in touch. You can do so by email, using the form we provide on our website, or by telephone, where one of our team will be available to provide you with all of the information and advice you need to get started.