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Peer to peer lending » Ratesetter



RateSetter is a P2P lender established in 2010. They offer business loans, personal loans, and property loans.

If you choose to lend money via Ratesetter there are five different investment products Everyday Investing Access, Everyday Investing Plus, Everyday Investing Max, IFISA and SIPP.  Lenders' interest is paid on a daily bases.

Monies lent through Ratesetter are not covered by the FSCS. Although, RateSetter operates a provision fund that can pay out if a borrower defaults on their loan repayments, this facility is given at the discretion of The Provision Fund and may not pay out the full amount. The website states that to date “The Provision Fund has a 100% track record over 9 years.”  Here is a link for a more in-depth look at their Provision Fund

The platform makes it easy to withdraw funds and states that on average it takes 24 hours for them to be released, but is not guaranteed.

If Ratesetter ceases trading they have a fully funded plan that is designed to allow the company to administer existing investments while the wind-down takes place. 

Ratesetter Products and Investment

Investor Overview

  • Back business loans, personal loans and property loans via 3 term periods.
  • Earn interest on your lending using their five investing products
  • Minimum £10 deposit.
  • IFISA available.
  • SIPP available.
  • Provision Fund available.
  • Quicker access to withdrawing funds
  • * correct as of 24/01/2020

company number

incorporated 10 years ago

  • 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