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Loanpad is on a mission to give investors a simple, smart way to make more of their money.  They have an innovative structure that lends through shared short-term property loans. By partnering with established property lenders the platform states “Our innovative structure effectively shields our customers from much of the risk of peer-to-peer lending by partnering with established property lenders, who take on both higher risk and return.”


Loanpad charges no upfront fees to customers, instead, they take a portion of the interest earned from borrowers.

All loans are secured against property and invested monies are spread across all loans in their portfolio at any one time

Products and Fees

They have two lending products Classic and Premium, both accounts pay interest on a daily bases. An Interest Cover Fund is available which is a ring-fenced fund designed to maintain the daily interest payments in the event loan repayments are missed. The fund is maintained by a service charge fee to the borrowers. The fund retains discretion as to the amount that may be paid and does not guarantee it will cover all interest at all times.

Withdrawal of funds

Loanpad aims to process any request for the withdrawal of funds are typically the same working day, although from time to time is may take up to 3 working days.

Contingency Fund

The platform operates an Interest Cover Fund. This is a unique fund that in the event a borrower falls behind on their payments it will cover the daily interest payments.  The platform also states "The Interest Cover Fund we offer does not give you a right to payment so you may not receive a pay-out even if you suffer loss. The fund has absolute discretion as to the amount that may be paid including making no payment at all. Therefore, investors should not rely on possible pay-outs from the Interest Cover Fund when considering whether or how much to invest."  Loanpad provides realtime details of the fund on their platform at any time.

Wind-down Procedure

If for any reason Loanpad should become insolvent or cease trading they have put plans place to manage the loans and ensure that the income gathered from the loan book is sufficient to cover the costs of managing the loans during the wind-down process. 

All monies that are kept in the lender's cash account is kept separately in a ring-fenced Barclays Bank UK account from the day to running of operations of the platform.

Loanpad Products and Investment

    This investment account allows daily access to funds. 

    Invest from £10 - £20,000

    Estimated interest 4.00% Interest rates shown are annualised rates paid daily into your Loanpad cash account.

    term: 1+ months min. investment: £10 return: up to 4.00%*
    * provided on 16/01/2020

    This investment account allows 60-day access to funds

    Invest from £10 - £250,000

    Estimated interest 4.00% Interest rates shown are annualised rates paid daily into the lenders Loanpad cash account.

    term: 1+ months min. investment: £10 return: up to 5.00%*
    * provided on 16/01/2020

Investor Overview

  • IFISA available with both investment products
  • Earn daily interest which can be reinvested daily or withdrawn monthly
  • Interest Cover Fund available
  • Invest from £10 - £250,000
  • Two investment products available Classic and Premium
  • Withdraw funds within 3 working days
  • No fees are charged to the investor nor the borrower, instead, they take a portion of the interest earned from the borrower
  • * correct as of 11/03/2020

Go to Loanpad

loan book volume

default rate

average interest rate

biggest loan

* correct as of 30/01/2020


254-258 Goswell Road, London


company number

incorporated 5 years

  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

  • The Guardian
  • Financial Times
  • Yahoo! Finance
  • The Times
  • The Daily Telegraph