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Peer to peer lending » Octopus Choice

Octopus Choice

Octopus Choice

Octopus Choice (Part of the Octopus group) is a peer to peer lending platform that lets you invest in property-backed loans. 

Their target interest is 4%p.a and is paid monthly.  Octopus invests alongside the lender in every loan and quote “You'll get back your initial investment before us, and earn your interest before we earn any.” All loans are sourced by Octopus Real Estate who have lent nearly £4bn since 2009.

A minimum investment of £10 is required but there is no maximum.  Lenders have the option of reinvesting their interest or have it paid into their bank account.  There is a choice of investing via their General Account and an IFISA.

Octopus’s platform spreads the investment across a range of loans on your behalf and the rate of interest received is blended to form an overall target rate of 4% a year gross.

There is no fixed term on the withdrawal of funds, although they state that there is no guarantee to instant access to the funds requested for withdrawal. Where the access to funds will be refused is when a loan part is in default, for example: by investing £10,000 spread over 100 loans, if 10 of these loans are in default you may only withdraw 90% of the invested funds.  Withdrawal is also subject to the loan parts being sold on the secondary market which usually happens within one working day, but this is not guaranteed. 

Octopus Choice Products and Investment

    Invest from £10, with no maximum amount and a target interest rate of 4% per annum. There are no fixed terms so funds can be withdrawn at any time.

    Customers can use their debit cards to set-up monthly investments to their Octopus Choice account.

    Any interest earned can be transferred to a bank account, or re-invested into the General account.

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

Investor Overview

  • Target annual interest rate of 4% per annum. Paid monthly.
  • Minimum investment is £10.
  • No fixed terms.
  • All loans secured against property.
  • Re-invest or withdraw interest payments each month.
  • * correct as of 24/01/2020
Go to Octopus Choice

loan book volume

default rate

average interest rate

biggest loan

* correct as of 18/06/2020


6th Floor, 33 Holborn, London

0800 316 2295

company number

  • 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