Opportunity Summary
After 1 year investors capital and interest will be repaid. If the loans are fully repaid early the money will be reinvested according to investor settings.
Check out the RateSetter factsheet for more information.
Product Overview
Investors can access money early using the "Sell Out" feature. It allows the investor to withdraw funds as quickly as possible provided there are funds available in the market to replace the amount being withdrawn. On average, replacements are matched within 10 minutes, and the average Sell Out fee is 0.72%. RateSetter is an investment not a deposit account.
*NB: Projected Annualised Return
*This figure has been provided by the partner platform and not by OFF3R. It has been calculated as a projected annualised gross return. This means that the return figure reported over 12 months does not take in to account any platform fees or charges nor any tax that may need to be paid by the investor. We present an annualised figure regardless of term for comparison purposes only.
Ratesetter Overview
Lending to a diverse range of creditworthy borrowers including: individuals, small and medium sized businesses, property developers and other lending businesses. RateSetter.com is a peer-to-peer lending website enabling lenders to get fair returns while cutting the cost of borrowing.
How is the loan secured? | Borrowers Assets |
Who chooses the investment? | Ratesetter chooses the investment on behalf of investors |
Founded | 2010 |
Is there a provision fund? | Yes, there is a provision fund available |
Type of investor? | Every-day investors |
Is early exit possible? | Yes, early exit is possible |
Secondary Market | Yes, a secondary market is available |
FCA Regulated | Yes |
Platform description
Launched in the UK in 2010. Equity investors include major investment fund managers Woodford Investment Management and Artemis. First globally to launch Rolling and 1 year lending markets. First globally to launch a Provision Fund. Founding member of the body that promotes best practice in their sector, the Peer-to-Peer Finance Association in 2011. Launched in Australia in 2014. Founding provider of loan book and returns data to AltFi Data in 2015, a major boost to industry transparency. 100% track record – all investors have received the return they expected and no individual lender has lost a penny since their launch in 2010. While this is a track record they want to maintain, please note that past performance does not provide a guarantee for the future. Registered lenders: 45,094. Total number of borrowers: 270,754. Average amount invested: £21,275. Amount lent in the last year: £636m.
How it works
Register - Get registered and verified with RateSetter
Select Product - Choose to start with an Everyday account or an ISA. Of course investors can hold both
Make investments - Invest across three markets from the Rolling up to the 5 year market
Why Ratesetter
RateSetter exists to make money work for the investor. Ratesetter know that when investors have money to invest, they want to see it grow. At other times, investors may need money for plans or business to grow. Whether they want to invest or borrow, Ratesetter want to help achieve these goals. The one constant? Real value to the investor.