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Companies

There are now many companies that offer peer-to-peer, or peer-to-business, lending and borrowing services in the UK.  Zopa was the pioneer in this field, but now there are growing number of others.  Below is a summary of the attributes of all P2P companies within the UK, listed in chronological launch order.

Business Model

Company Launch Date Country Live Target Borrower Lending Model
Individuals
(P2P)
Business
(P2B)
Hybrid Market 1 Auction 2
1 Zopa March 2005 UK     3
2 Bondora November 2008 Estonia      
3 TrustBuddy January 2009 Sweeden      
4 Big Carrots September 2009 UK ceased 4
March 2012
     
5 YES-secure June 2010 UK
India
ceased
April 2014
   
6 Funding Circle August 2010 UK      
7 Quakle October 2010 UK
France
ceased
September 2011
     
8 RateSetter October 2010 UK      
9 ThinCats January 2011 UK      
10 MarketInvoice February 2011 UK      
11 YouAngel March 2011 UK 5      
12 Danesfield June 2011 UK suspended 6
May 2012
     
13 One Stop Funding February 2012 UK suspended 7
January 2013
    8
14 The Lending Well March 2012 UK suspended 9
March 2013
     
15 Platform Black April 2012 UK      
16 Squirrl.com May 2012 UK ceased
January 2014
     
17 Buy 2 Let Cars June 2012 UK     8    
18 Funding Knight September 2012 UK      
19 rebuildingsociety.com September 2012 UK      
20 Piggy Bank Q3 2012 ? UK no longer 10
offering P2P
Q3 2013
     
21 Mayfair Bridging January 2013 UK    
22 Saving Stream January 2013 UK Not applicable  
23 Assetz Capital February 2013 UK 11    
24 Folk2Folk February 2013 UK    
25 Gradurates February 2013 UK     TBD TBD
26 Funding Secured March 2013 UK offline 12
January 2014
     
27 LendInvest May 2013 UK    
28 Relendex May 2013 UK      
29 Funding Secure July 2013 UK      
30 eMoneyUnion July 2013 UK      
31 Be The Lender August 2013 UK suspended
August 2014
     
32 Proplend September 2013 UK     TBD TBD
33 Funding Empire October 2013 UK      
34 QuidCycle November 2013 UK      
35 Wellesley & Co. November 2013 UK 13    
36 Evolutis Q4 2013 UK suspended 14
June 2014
  15    
37 Paper Street Q4 2013 UK     TBD TBD
38 Lending Works January 2014 UK      
39 Lend Loan Invest January 2014 UK  
40 Invest & Fund March 2014 UK      
41 Funding Tree April 2014 UK      
42 April 2014 UK    
43 Crowd for Angels May 2014 UK      
44 Invest and Borrow May 2014 ? UK      
45 Money&Co. May 2014 UK      
46 ArchOver June 2014 UK      
47 Crowdcube June 2014 16 UK      
48 Ablrate July 2014 UK     TBD TBD
49 CrowdProperty August 2014 UK     TBD TBD
50 October 2014 UK      
  CrowdEstates TBD UK TBD     TBD TBD
  LendingCrowd TBD UK TBD      
  reCrowd TBD UK TBD     TBD TBD
  Elevate TBD UK beta
testing
TBD TBD   TBD TBD
  MintMarket TBD UK beta
testing
TBD TBD   TBD TBD
  MoneyEgg TBD UK beta
testing
     
  FinePeer Q4 2014 UK   TBD TBD   TBD TBD
  Fruitful TBD UK        
  MoneyThing Q4 2014 UK   TBD TBD   TBD TBD
  Trufis TBD UK   TBD TBD   TBD TBD
  civilisedmoney Did not
launch
17
UK   TBD   TBD TBD
Company Launch Date Country Live Target Borrower Lending Model
Individuals
(P2P)
Business
(P2B)
Hybrid Market 1 Auction 2

1 This is a money market where lenders have offered funds at defined interest rates
2 This is a reverse auction where lenders can bid on loans with the lowest rates winning (also referred to as a listing)
3 Zopa announced on 29th June 2011 that there would not be any new listings after 30th June 2011
4 BigCarrots did not respond to any emails and their website went offline in March 2011
5 Loans are available but there is limited supply from lenders
6 Danesfield have not replied to any emails and their website states that no new loans are being made
7 One Stop Funding are no longer seeking lenders as of January 2013
8 Hybrid model where borrower is actually the peer-to-peer provider
9 The Lending Well announced that they are withdrawing from the payday loan market and will be moving into others soon
10 Not offering peer-to-peer lending
11 Buy-to-let only for individuals
12 Funding Secured Website went offline in January 2014
13 Bridging and development loans for individuals, small businesses including sole traders and property development companies
14 Closed to new lenders and borrowers while business is restructured
15 Only lends to Legal, Accounting, Medical and Veterinary professionals
16 Date peer-to-peer offering launched
17
civilisedmoney latest P2P launch date was Q2 2012; originally planned for Q1 2012 when civilisedmoney launched in 2011

Loan Terms

There are a wide range of loan terms available.  These are shown from the perspective of the borrower.

Company Type Early Repayment Interest Loan Term (months)
Repayment Interest
Only
Term 1 Hybrid Fixed
Rate
Variable
Rate
 1   3   6   9  12 18 24 30 36 48 60
Zopa                    
Bondora Not applicable in the United Kingdom
TrustBuddy Not applicable in the United Kingdom
YES-secure                    
Funding Circle                        
Quakle                        
RateSetter                    
        1 month to 2 years      
ThinCats           6 months to 5 years
YouAngel                  
Buy 2 Let Cars                              
Funding Knight             any term from
6 months to 5 years
rebuildingsociety.com             6 months to 5 years
Mayfair Bridging         up to 9
months
             
Folk2Folk           typically 3 months to 5 years
Saving Stream         typically up to
12 months
           
Assetz Capital       typically 3 months to 5 years
Funding Secured           typically 1 month to 5 years or more
LendInvest         typically 3 months to 5 years
Funding Secure         1 to 18
months
       
eMoneyUnion                    
Be The Lender               typically 1 to 12 years
Proplend             any term from
6 month to 5 years
Funding Empire             any term from
6 month to 5 years
QuidCycle                    
Wellesley & Co.       any term from
1 month to 5 years
Evolutis                    
Lending Works                    
Lend Loan Invest                 any term from
1 year to 5 years
Invest & Fund              
                             
Crowd for Angels            
Invest and Borrow           3 to 6
months
               
Money&Co.                          
Company Type Early Repayment Interest Loan Term (months)
Repayment Interest
Only
Term 1 Hybrid Fixed
Rate
Variable
Rate
 1   3   6   9  12 18 24 30 36 48 60

1 Capital and interest repaid at end of term

Company Size

Detailed company loan size are shown in the statistics.

Payment Attributes

Companies support various payment mechanisms for lenders and borrowers.

Company Debit
Card
Faster
Payments
BACS CHAPS Direct
Debit
PayPal Through
IFA
Zopa 1   1  
Funding Circle   2    
Quakle     2    
RateSetter 3   2    
ThinCats     2    
YouAngel          
Buy 2 Let Cars          
Funding Knight          
rebuildingsociety.com        
Mayfair Bridging            
Folk2Folk        
Assetz Capital      
LendInvest        
Funding Secure          
eMoneyUnion 4 2    
Be The Lender     2    
Funding Empire        
QuidCycle        
Wellesley & Co.      
Evolutis      
Lending Works        
Lend Loan Invest   ?  
Invest & Fund          
5      
Crowd for Angels 6      
Company Debit
Card
Faster
Payments
BACS CHAPS Direct
Debit
PayPal Through
IFA

1 This payment method had been offered previously, but was withdrawn
2 Borrowers only
3 Debit card payments now incur a 1.50 fee
4 Payments over the phone only
5 Debit card payments under 500 incur a 1 fee
6 Coming soon

Lending Types

All P2P companies covered on the P2P money website will allow lending by individuals, but some will allow lending by businesses, provided their business isn't money lending.  In addition some companies allow lending though a SIPP, or investment fund.

Company Type Location Currency
Individual Company 2 SIPP 3 Fund UK Europe World
Retail 1 High Net
Worth
Sophisticated
Investor
Zopa 4        
Bondora        
Big Carrots            
YES-secure          
Funding Circle          
RateSetter ?          
ThinCats 5      
MarketInvoice            
YouAngel        
Buy 2 Let Cars      
Funding Knight     6 6  
rebuildingsociety.com    
Mayfair Bridging    
Folk2Folk        
Saving Stream          
Assetz Capital    
Funding Secured          
LendInvest          
Funding Secure            
eMoneyUnion            
Be The Lender        
Funding Empire     7 7  
QuidCycle          
Wellesley & Co.  
Evolutis          
Lending Works            
Lend Loan Invest          
Invest & Fund          
       
Crowd for Angels          
Invest and Borrow            
Money&Co.          
Company Type Location Currency
Individual Company 2 SIPP 3 Fund UK Europe World
Retail 1 High Net
Worth
Sophisticated
Investor

1 An individual who is not a high net worth individual or a sophisticated investor
2
Business lending to individuals (B2P) requires a consumer credit license, however lending to other businesses (B2B) is exempt
3
A self invested personal pension
4 Zopa explored this opportunity but decided against it
5 This should be available through Innvotec with a minimum 5000 subscription
6 By invitation
7 At companies discression

Lending Terms

Most peer-lenders have the same terms for lenders and borrowers, however RateSetter have split their products so there can be different products and terms between lenders and borrowers.

Company Type Early Repayment Interest Loan Term (months)
Repayment Interest 1 Term 2 Hybrid Fixed
Rate
Variable
Rate
 1  3  6  9 12 18 24 30 36 48 60
Zopa                        
Bondora          
Big Carrots       ?     3 months to 2 years    
YES-secure                    
Funding Circle                        
RateSetter                      
                         
ThinCats           6 months to 5 years
YouAngel                  
Danesfield                  
One Stop Funding                            
The Lending Well                              
Squirrl.com                       typically
2 to 5 years
Buy 2 Let Cars                              
Funding Knight               any term from
6 months to 5 years
rebuildingsociety.com             6 months to 5 years
Mayfair Bridging         up to 9
months
             
Folk2Folk           typically 3 months to 5 years
Saving Stream         typically up to
12 months
           
Assetz Capital       typically 3 months to 5 years
Funding Secured         typically 1 month to 5 years or more
LendInvest           typically 3 months to 5 years
Funding Secure         1 to 18
months
         
eMoneyUnion                    
Be The Lender         typically 3 months to 5 years
Funding Empire             any term from
6 months to 5 years
QuidCycle                    
Wellesley & Co.                    
Evolutis                    
Lending Works                    
Lend Loan Invest                 any term from
1 year to 5 years
Invest & Fund              
                             
Crowd for Angels            
Invest and Borrow           3 to 6
months
               
Money&Co.                          
Company Type Early Repayment Interest Loan Term (months)
Repayment Interest 1 Term 2 Hybrid Fixed
Rate
Variable
Rate
 1  3  6  9 12 18 24 30 36 48 60

1 Capital repaid at end of loan term
2 Capital and interest repaid at end of loan term

Lending Attributes

The lending attributes are those that set peer-to-peer lending aside from classic savings accounts.

Company Uniform
Rate 1
Taxed at
Source 2
Automated
Lending
Automatic
Rebid
Secured
on Asset
Bad Debt
Provision 3
Automatic
Diversification
Other
Benefits
Zopa 4       5 6  
Bondora            
Big Carrots                
YES-secure         7    
Funding Circle       8      
RateSetter            
ThinCats 9        
YouAngel     10    
Danesfield         11
The Lending Well          
Squirrl.com            
Funding Knight            
rebuildingsociety.com       12     13
Mayfair Bridging            
Folk2Folk          
Saving Stream          
Assetz Capital              
Funding Secured            
LendInvest              
Funding Secure            
eMoneyUnion          
Be The Lender     ?      
Funding Empire     14        
QuidCycle            
Wellesley & Co.     15 11
Evolutis          
Lending Works            
Lend Loan Invest            
Invest & Fund       16      
      17    
Crowd for Angels       18      
Invest and Borrow          
Money&Co.       12      
Company Uniform
Rate 1
Taxed at
Source 2
Automated
Lending
Automatic
Rebid
Secured
on Asset
Bad Debt
Provision 3
Automatic
Diversification
Other
Benefits

1 All lenders will receive the same interest rate
2 Tax has to be paid on interest, but some will deduct tax at source
3 This provision fund and/or insurance will attempt to repay lenders any monies lost to bad debt, but this isn't guaranteed if bad debt is more than the fund and/or insurance
4 All users will receive a uniform rate for the "safeguard" offer; Zopa originally used this method on all loans
5 Protection available for "safeguard" offer
6 Money is spread between multiple borrowers as a function of balance
7 YES-secure originally offered a form of insurance against bad debt for an increased fee, but this was withdrawn
8 Some loans have personal guarantees from the director(s), and some loans over 100,000 will be secured against assets
9
Some ThinCats loans have had a uniform rate
10
Borrower able to offer a personal guarantee
11 Interest paid on unlent funds
12 Borrowers have the choice of offering business assets or personal guarantees as security
13 A bonus of 20% of company profits will be paid to members pro-rated by the number of points they have acquired
14 Coming in Q2 2014
15 Funds are automatically diversified to reduce expose to any one borrower
16 Some loans have personal guarantees from the director(s), and all loans over 50,000 will be secured against assets
17
Protection fund available for loans up to 60% loan to value
18 Some loans will be secured against assets

Lending Attributes 2

These attributes are on a per-loan basis.

Company Loan Amount Interest Rate (AER) Lending Fees 1
Minimum Maximum Minimum Maximum Step Unlent 2 Offset Percentage Other
Zopa 10 3 1% 20% 3 0.1% 3 none 1% none none
Bondora 5 TBD TBD TBD TBD none none none 0.38 4
Big Carrots 25 unknown 5% 16% unknown none unknown none none
YES-secure 10 10% 5, 6 7 10%
to
18% 8
0.1% none 0.9% none none
Funding Circle 20 unlimited 6%
to
11.5% 8
15% 0.1% none 1% none none
RateSetter 10 unlimited 0.1% unlimited 0.1% none none none none
ThinCats 1000 unlimited none 15% 0.01%
to
0.25%
none none none 48 9
YouAngel 100 unlimited 0.001% unlimited 0.001% none none none none
Danesfield 50 50 5.5% 7.75% 10 1.75% 0.5% none none
One Stop Funding 1,350 unlimited 9% 20% 1% none none TBD 11 none
The Lending Well 10 unlimited 12% 10 none none 96.7% 11 none
Platform Black 50,000 unlimited 0.5% 12 TBD TBD TBD TBD TBD
Buy 2 Let Cars 7000 9.98% 10 none none TBD 11 none
13,500 13.79%
Funding Knight 25 20% 13 10 none none none none
rebuildingsociety.com 10 2000 1% 8 1% none none none 14
Mayfair Bridging 25,000 3,000,000 10 none none none none
Folk2Folk 25,000 unlimited 7% 10% 0.5% none none none none
Saving Stream 100 unlimited 12% 10 none none none none
Assetz Capital 20 unlimited 7% 15% 0.1% none none none none
Funding Secured 25,000 unlimited 5% 12% 10 none none none none
LendInvest 10,000 unlimited 6% 14% 10 none none TBD none
Funding Secure 25 25,000 13% 10 none none none none
eMoneyUnion 20 10,000 6% 12% 1% none 28.8%
  to 11
43.7%
none none
Be The Lender 100 TBD 10% 15% TBD none TBD TBD TBD
Funding Empire 20 2,000 6 4% 15% 0.1% none none none none
QuidCycle 100 TBD 3% 10% TBD none TBD TBD TBD
Wellesley & Co. 10 unlimited 5.5% 7.5% 10 15 none none none
Evolutis 10 unlimited 7.0% 13.6% 10 none none none none
Lend Loan Invest 10 unlimited TBD TBD TBD none 0.5%
+ 2p
none none
Lending Works 10 unlimited 0.1% unlimited 0.1% none 1% 16 none none
Invest & Fund 25 unlimited 5% 15% 0.1% none 1% none none
100 unlimited 3.5% 12.0% 0.1% none none none none
Crowd for Angels 25 unlimited 6% 13% 0.1% none none none none
Invest and Borrow 10 2000 17 7.35% 10 none none none none
Money&Co. 10 unlimited 18 unlimited 0.1% none 1% none none
Crowdcube 500 unlimited  6% 10  9% 10 10 none TBD TBD TBD
Company Loan Amount Interest Rate (AER) Lending Fees 1
Minimum Maximum Minimum Maximum Step Unlent 2 Offset Percentage Other

1 Current fees (lower fees may have been available to previous members)
2 Earnings on money that has been offered but not yet lent out
3 Safeguard offer has the rate and exposure set by Zopa which lenders cannot adjust
4 Withdrawal fee
5 Normal limit of 10% of any one loan, unless there is a "connection" to the borrower where this limit is increased to 15%
6 There are no limits on the number of bids, making this limit non-binding
7 Negative returns are possible on purchase of resale loan parts
8 This rate is a function of the market and the loan type, which is shown below
9
One time anti-money laundering fee
10 Lenders are not able to specify the interest rate as this is set by the company
11 Lending rates are after fees have been deducted
12 Maximum lending rate set by business
13
Normal limit of 20% of any one loan, without the prior agreement of FundingKnight
14 In the unlikely event that a repayment is late, or only part paid, you can pay a 5% chasing fee to be at the front of the queue for repayments
15 Interest paid on unlent money at prevailing rate
16 Fee paid upfront
17 Maximum that can be lent across the site
18
Minimum rate is estimated bad debt plus fees

Funding Circle minimum lending rates

Company Business (P2B)
Funding Circle A+ A B C C-
6.0% 8.0% 9.0% 10.2% 12.2%

ReBuildingSociety maximum lending rates

Company Business (P2B)
rebuildingsociety.com A B C
14% 17% 20%

Bad Debts

Most providers have published estimates on expected bad debts for lenders.  Detailed bad debts are shown in the statistics.

Company Predicted Bad Debt 1 Actual Bad Debt 1 Comparison 2
Annual Lifetime Lifetime Lifetime
Range
(AER)
Range Weighted
Average
Range Weighted
Average
Range Weighted
Average
Quarterly
Change
1 Funding Circle 0.6%
to
5.0%
1.2%
to
10.6%
4.52% 0.83%
to
2.15%
1.42% +9.06%
to
+0.37%
+3.08% :-(
2 RateSetter N/A < 1.7% 0.49%
 (0.00%) 4
< +1.21% N/A
3 Folk2Folk < 1.0% < 1.0% 0.00% < +1.00% :-|
4 Buy 2 Let Cars 0.0% 0.00% 0.00% 0.00% :-|
  Funding Knight 0.5%
to
2.0%
TBD TBD 0.00%
to
0.91%
0.47% TBD TBD N/A
  YES-secure 1.5%
to
11.0%
3.0%
to
25.0%
7.92% 6.47%
 to 5
24.87%
17.82% +18.53%
 to 5
-21.87%
-9.90% N/A
  YES-secure
Encash
1.5%
to
11.0%
3.0%
to
25.0%
9.84% 0.00%
to
23.01%
 6.53% 8 +25.00%
 to
-15.73%
 +3.31% 8 N/A
  Quakle N/A 1.0%
to
3.0%
< 3.0% > 50.00% 6 < -47.00% 6 N/A
  Zopa 0.3%
to
5.2%
0.3%
 to 3
11.0%
7 7 7 7 7 N/A
  ThinCats 1.0% 1.0% 7 7 N/A
  Squirrl.com < 1.0% < 1.0% 7 7 N/A
  rebuildingsociety.com 0.5%
to
3.9%
TBD TBD 7 7 N/A
  Assetz Capital < 1.0% < 1.5% 9 9 N/A
  Funding Secure 1.5% 2.1% 9 9 N/A
  eMoneyUnion < 1.0% < 1.0% 9 9 N/A
  Be The Lender < 1.0% < 1.0% 9 9 N/A
  Funding Empire 1.0% < 1.5% 9 9 N/A
  QuidCycle < 0.3% TBD 9 9 N/A
  Wellesley & Co. < 1.0% 1.0% 0.00% 8 +1.00% 8 N/A
  Evolutis TBD TBD 9 9 N/A
  Lending Works 1.0% 1.54% 0.00% 8 +1.54% 8 N/A
  Lend Loan Invest TBD TBD TBD 9 9 N/A
  < 0.5% < 0.5% < 0.5% 9 9 N/A
  Crowd for Angels 0.0%
to
2.0%
0.0%
to
2.0%
9 9 N/A
  Money&Co. 0.5%
to
1.5%
TBD TBD 9 9 N/A
Company  Predicted Bad Debt 1 Actual Bad Debt 1 Comparison 2
Annual Lifetime Lifetime Lifetime
Range
(AER)
Range Weighted
Average
Range Weighted
Average
Range Weighted
Average
Quarterly
Change

1 Data valid as of 30th May 2014; bad debt can take months to years to materialise, and therefore the actual bad debt figure may not be fully representative, especially when a company's loan book is growing at a significant rate (for example for the first two years Zopa's bad debt was 0.05%)
2 Comparison of actual bad debt against predictions, with a positive number indicating a better than expected bad debt and a negative number indicating worse than expected bad debt, with change from previous month indicated
3 Listings are excluded from the comparison (figures in brackets) as Zopa did not provide estimated bad debts for these loans
4 Due to the provision fund, no lender on RateSetter has experienced any bad debt, and the bad debt covered by the provision fund is shown in brackets
5 The A+, A and B markets have all experienced significantly worse than expected bad debt, but conversely the D market has experienced better than expected bad debt, but given the wide variation caution should be taken of credit bands
6 Estimate based on feedback on the Quakle Facebook group and the Quakle forum (before it was shutdown)
7 No data is currently available
8 Too soon to draw any conclusion
9 It would be too soon to draw any conclusion, but no data is currently available

Late Loans

Detailed late loans are shown in the statistics.

Resale Attributes

Lenders are able to sell some or all of their loans on some peer-to-peer platforms.

Company Resale
Loans
Restrict 1
Late Loans
Restrict 2
CCL Loans
Resale
Premium
Sale
Fee
Purchase
Fee
Zopa 3   1% none
Funding Circle 5   3% 0.25% none
Quakle            
RateSetter       6 none
ThinCats       1%
max 25
none
YouAngel 7          
Buy 2 Let Cars            
Funding Knight TBD TBD TBD 1% TBD
rebuildingsociety.com     5% 0.5% none
Mayfair Bridging            
Folk2Folk     none 0.25% none
Saving Stream     TBD TBD TBD
Assetz Capital     none 0% none
LendInvest     TBD TBD TBD
eMoneyUnion   3% 0.25% none
Be The Lender     10% 0.5% none
Funding Empire 7   none 0.5% none
QuidCycle            
Wellesley & Co.     none TBD none
Evolutis            
Lending Works TBD     0.6%
minimum
20
none
Lend Loan Invest            
Invest & Fund     3% 0.25% none
    1%  
Crowd for Angels            
Company Resale
Loans
 Restrict 1
"Late" Loans
 Restrict 2
CCL Loans
Resale
Premium
Sale
Fee
Purchase
Fee

1 Any loans that have ever had a missed payment
2 Any loans that were made with a consumer credit license
3 All loans for a particular market must be sold together
4 Lenders can opt to pay an additional 1% fee (total 2% fee) for a "premium listing"
5 Loans are restricted if they have suffered three late payments in a row, or have dropped more than one credit grade
6 Lenders pay 0.25% plus the difference in interest rate between the current loan and the rate they would have achieved if they lent the money over the period before selling, would could be several percentage points
7 No resale service exists currently, but the company is exploring the possibility
8 No resale service exists currently, but the company would try to help in "exceptional circumstances"
9 Lenders pay a fee which is the difference in interest rate between the current loan and the rate they would have achieved if they lent the money over the period before selling, and this will never be more than the interest received

Borrowing Attributes

These attributes are shown for all companies that offer a standard peer-to-peer or peer-to-business model.

Company Minimum
Loan
Maximum
Loan
Secured
on Asset
Time 1
Zopa 1000 20,000   immediate
Funding Circle 5000 4 1M 5 6 up to
14 days 3
Quakle 1000 21,000   10 days
RateSetter 1500 7   up to
7 days 8
ThinCats 50,000 3M up to
21 days 9
YouAngel TBD unlimited 10 11 7 to 14
days
Funding Knight 25,000 150,000   7 to 21
days 3
rebuildingsociety.com 2000 250,000   TBD
Mayfair Bridging 25,000 3M up to
10 days 3
Folk2Folk 25,000 unlimited 10 8 to 10
days
Assetz Capital 25,000 5M 7 to 21
days
Funding Secured 25,000 unlimited 10 TBD
LendInvest 100,000 5M TBD
Funding Secure 500 500,000 up to
21 days
eMoneyUnion 1000 10,000 12 2 to 7
days
Be The Lender 20,000 10M TBD
Funding Empire 5000 100,000 13 14 days
Wellesley & Co. 50,000 1M up to
5 days
QuidCycle 100 25,000   up to
14 days
Lend Loan Invest 1000 25,000   TBD
Lending Works 1000 15,000   3 days
Invest & Fund 5000 1,000,000 14 up to
14 days
50,000 500,000 up to
2 days
Crowd for Angels 25,000 unlimited 10 15 TBD
Invest and Borrow 100 2000   TBD
Money&Co. 50,000 2,000,000   typically
14 days
3,000,000
Company Minimum
Loan
Maximum
Loan
Secured
on Asset
Time 1

1 Time between application and obtaining an offered APR where the borrower can start to draw down the loan
2 Currently limited to between 2000 to 4000 by available funds
3 As soon as loan is 100% funded
4 Minimum for non-limited companies is 25,000
5 The C market is currently limited to 100,000
6 Some loans have personal guarantees from the director(s), and some loans over 100,000 will be secured against assets
7 Every borrower is given an individual limit depending on their credit history and financial position, typically around 15,000
8 Immediate if funds are available at the rate requested
9 Need to find a sponsor before applying
10
Limited only by the funds available
11
Borrower able to offer a personal guarantee
12 Borrower requires a personal guarantor
13 Loans can be secured, but all loans over 50,000 are secured
14 Loans up to 50,000 will have personal guarantees from the director(s) as a minimum; loans over 50,000 will have additional security
15 Some loans will be secured against assets

Borrowing Fees

Company Type Application
Fee
Legal
Fee
Borrowing Fee Early
Repayment
Fee
Redemption
Fee
Completion Annual
Zopa all none none 0
  to 1
330
none none none
Funding Circle all none none 3 none none none
Quakle all none none 100 none none none
RateSetter all none none 4 none none none
ThinCats all 450 5 none 1% 0.5% none none
YouAngel all  50 6 none 50 +
1.2% 6
none none none
Funding Knight all 250
refunded on
taking out loan
none 9 1.0% TBD none
rebuildingsociety.com all none none none 1.9%
to
4.9%
none none
Mayfair Bridging all TBD TBD TBD TBD TBD TBD
Folk2Folk all none 10 2%/2.5% none 3 months
interest
150
+ VAT
Assetz Capital all from
2.5%
11 none 1.5% TBD TBD
Funding Secured all 199 TBD 2% none TBD TBD
LendInvest all none TBD 2% none TBD none
Funding Secure all TBD none none 15.4%
to
32.9%
12 Postage
cost
eMoneyUnion all none none 195
to
295
none 1 months
interest
none
Wellesley & Co. all none 1250
to
5000
2 to 3% 14 6 months
interest
6 months
interest
Evolutis all TBD TBD TBD TBD TBD TBD
Lending Works all TBD none TBD TBD none none
Lend Loan Invest all none none 70 +
up to 3%
none on
request
none
Invest & Fund all TBD TBD TBD 15 TBD TBD
all TBD 1.5% 0.5% TBD TBD
Crowd for Angels all none 1750 3.5% none none none
Money&Co. all 150 16 1.5%
to 5%
TBD TBD TBD
Company Type Application
Fee
Legal
Fee
Borrowing Fee Early
Repayment
Fee
Redemption
Fee
Completion Annual

1 Zopa fee structure became variable on 2nd December 2011, which is detailed separately
2 A non-refundable application fee of 5 is charged for personal borrowers and a 50 fee is charged for business borrowers
3 Funding Circle charge different fees for depending on the term and size of loan, which is shown below
4 RateSetter charge different fees for the fixed or rolling terms, which is shown below
5 The listings fee is refunded if the auction does not result in an acceptable loan offer; higher fee for business loans
6 Fees waived currently
7 One-off identify fee required
8 Fees vary depending on supplier
9 FundingKnight charge different fees for the fixed or rolling terms, which is shown below
10 Folk2Folk charge different fees, which is shown below
11
Legal fees by negotiation
12 None, subject to a minimum 30 days interest and fees
13 Funding Empire charge different fees, which is shown below
14 Borrower pays difference between lender rate and 10.2%
15 Invest & Fund charge different fees for depending on the loan term, which is shown below
16 Legal fees in addition

Funding Circle borrowing fees

Funding Circle have a simple fee structure depending on the duration of the loan.

Company Fee
Funding Circle Term  6 12 24 36 48 60
5,000+ 2% 3% 4%

RateSetter borrowing fees

RateSetter have a simple fee structure.  The credit fee depends on the credit rating of the borrower.  These fees are to be confirmed following the change in lending fees.

Company Fee
RateSetter Market Monthly
Access
Fixed Term
Term 1-24 18 24 36 60
2000+ 50 +
5 per
month
TBD TBD 120 +
0.5% to 4.0%
credit fee
TBD
5000+ 60 +
0.5% to 4.0%
credit fee

FundingKnight borrowing fees

FundingKnight have a simple fee structure depending on the duration of the loan and the amount.

Company Fee
Funding Knight Term 1+ 13+ 25+ 37+ 49+
10,000+ 2.5% 3% 3.5% 4.0% 4.5%

Folk2Folk borrowing fees

Folk2Folk have a fee structure depending on the amount of the loan and number of titles.

Company Fee 1
Folk2Folk Titles 1 2 3 4 4+
0+ 450 550 600 650 2
100k+ 525 675 725 775 2
300k+ 595 745 795 825 2
500k+ 695 895 945 995 2
750k+ 795 1020 1070 1120 2
1M+ 2 2 2 2 2

1 Fees exclusive of VAT
2 Notified after application

Funding Empire borrowing fees

The completion fee depends on the how long the company has been trading for.

Company Fee
Funding Empire Term 0-12 12-24 24-36 36-48 48-60
Trading
<2 years
4.0% 4.5% 5.0% 5.5% 6.0%

Minimum 250

Trading
>2 years
2.0% 2.5% 3.0% 3.5% 4.0%

Invest & Fund borrowing fees

Invest & Fund have a simple fee structure depending on the duration of the loan.

Company Fee
Invest & Fund Term 6 12 18 24 36 48 60
5000+ 2.0% 3.0% 4.0%

Memberships & Registrations

All peer-to-peer companies are now required to have interim permission from the FCA.  There are now two specific association have been setup for peer-to-peer lending and business finance.  These organisations will have rules that are designed to offer customers additional reassurance.  Click on the organisations for further information.

Company FCA P2P Finance Association UK CFA Next Generation Finance Consortium CIFAS
Zopa    
Bondora        
TrustBuddy          
Funding Circle  
Quakle          
RateSetter    
ThinCats      
MarketInvoice      
YouAngel          
Danesfield          
One Stop Funding          
The Lending Well        
Platform Black          
Buy 2 Let Cars 1        
Funding Knight        
rebuildingsociety.com      
Mayfair Bridging 1        
Saving Stream 2        
Assetz Capital        
Folk2Folk        
Gradurates        
LendInvest 1    
Funding Secure        
eMoneyUnion 3        
Be The Lender        
Proplend        
Funding Empire      
QuidCycle      
Wellesley & Co.      
Evolutis        
Paper Street 1        
Lending Works      
Lend Loan Invest      
Invest & Fund        
Funding Tree 4        
       
Crowd for Angels 4        
Invest and Borrow 5        
Money&Co. 1, 6      
Crowdcube 4        
CapitalStackers        
Crowd Mortgage        
MoneyEgg          
Company FCA P2P Finance Association UK CFA Next Generation Finance Consortium CIFAS

1 Registered with the FCA, but does not currently hold peer-to-peer lending interim permission
2
Parent Lendy Ltd registered with the FCA
3
Parent eMoneyHub Ltd registered with the FCA
4 Fully registered with the FCA
5 Parent WDFC UK Limited registered with the FCA
6 Parent Denmark Square Limited Limited registered with the FCA

Map

Map (larger version) of peer-to-peer companies within the United Kingdom.

Information taken direct from each of the companies listed above, unless otherwise stated.  Please also refer to the disclaimer.