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Peer to peer lending » LendingCrowd

LendingCrowd

LendingCrowd

LendingCrowd is a P2P lender that provides business loans with keener rates and in turn better rates to lenders. The platform has three accounts to choose from Growth Account, Income Account and Self Select Account.  All are IFISA eligible with a minimum £20 investment.

Self Selected Accounts provide the lender with the opportunity to build their own portfolio of loans from either new loans or existing loans(secondary market)  Capital and interest repayments are paid monthly from each business you/the lender has lent to. 

Repayments on a Growth Account or Income account will automatically be used to purchase new loan parts on the lender's behalf.  The Income Account interest payments are transferred to a separate account for withdrawal.

Lender Fees and withdrawal of funds

There are no fees to open an account or to add funds.  Fees apply on the amount lent.  A 1% on-going repayment fee applies to all accounts and is charged on a monthly basis.  A fee of 0.5% charged on the capital sold applies when selling a loan part. There is no fee to purchase a loan part.  Withdrawal fees of 1% apply to Growth Account, Growth ISA, Income Account and Income ISA when a withdrawal is made.

Wind Down

Lending Crowd have made contingency arrangements to ensure an orderly wind-down procedure is in place should they cease trading or become insolvent.  They have achieved this by creating a separate bank account, holding sufficient collateral to cover the cost of management and administration while the wind-down takes place.


Investor Overview

  • Minimum investments start from £20
  • No fixed terms
  • 1% annual fee of capital invested
  • 1% capital withdrawal fee
  • All 3 products are IFISA eligible
  • * correct as of 24/01/2020
Invest

SC468392
company number

27/01/2014
incorporated 6 years ago




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

As seen in:

  • The Guardian
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  • The Times
  • The Daily Telegraph