Peer 2 peer lending

Peer 2 peer lending with RateSetter is easy. Savers, begin your peer to peer money lending journey today.

On this page:
Peer 2 Peer Lending
Explain peer 2 peer lending
You choose the rates. We do the rest.
Peer 2 peer lending rates

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Recognised By:

Credit Today Winner 2013
Credit Today Finalist 2012
Hallmark Innovation

Peer 2 peer lending - great savings rates

5.0% *5 Year Income market

Peer 2 Peer Lending

Welcome to RateSetter, the UK's number one peer 2 peer lending site , providing consumers with better way to save and borrow, peer 2 peer. Most people keep their spare money with their bank, who then lend that money to other customers, making, and keeping, the profits from this themselves. However, now there is another way, that allows you to lend or borrow direct without having to go to a bank: peer 2 peer lending.

So how does peer 2 peer lending work?

RateSetter is not a bank, and does not lend money to borrowers. Instead of this, we provide a platform for both lenders and borrowers to meet, lending and borrowing between each other directly, through our peer 2 peer lending platform, within a safe and regulated environment. With RateSetter, you remain firmly in the driving seat. You decide for yourself how much you want to lend, and the rate at which you would be willing to lend at. After deciding on this, your lending offer will be posted to be matched with suitable creditworthy borrowers through our peer 2 peer lending platform. What this means for you is that unlike some other peer 2 peer lending sites, we are able to find you a suitable borrower quickly, allowing you to start making a return from your lending without delay.

With RateSetter, you alone choose the rates and we do the rest.

Just like a high street bank, we carry out a series of checks on our borrowers before allowing them to borrow from our lenders, including thorough credit history checks to ensure their suitability. All of this work is done by us, with our team making sure that all of the necessary paperwork is in order before allowing any borrower to participate in a peer to peer lending agreement, giving you the peace of mind you need that your money is in good hands. RateSetter has very low levels of default, and, should a borrower fail to make a payment for their loan on time, you have the additional protection offered by our Provision Fund, working to shield and protect you from the risk of bad debt.

What rate can I earn with peer 2 peer lending?

Rates are agreed between our borrowers and lenders, with no involvement from RateSetter. Both borrowers and lenders have the opportunity to take the best available rate when placing an order, or if they wish, offer a better rate. On average, our 3 year loans return 7.9% to lenders, and our Rolling loans have returned an average rate of 4.0%, with monthly access to your Savings. Although P2P lending is not new, the way in which we work is, with our intuitive matching process and unique Provision Fund making it faster, easier and safer to find borrowers than with other peer 2 peer lenders. To learn more about peer 2 peer lending, how it works, and how it can make your savings work harder, please get in touch. You can do this in a number of ways, by phone, email or using the contract form provided on-site, where one of our representatives will be on hand to give you all of the information and advice you need to start your own peer 2 peer lending journey.