Compare P2P personal loans
The platforms below offer P2P personal loans in the UK. The returns available are generally not high, however that is because most products are structured in a way that losses from defaults are pooled across all or many investors, reducing the risks. Some platforms also offer protection funds which also reduce risks further, and the ability to sell loans quickly. This profile means that many investors use these platforms as an alternative to cash deposits, with a pickup in yield.
British P2P personal loans
| Platform | Primary loan types | Typical rates | Secondary market? | Minimum investment | Sign up bonuses? | We think.... |
|---|---|---|---|---|---|---|
| Zopa | Personal loans | 3.7-4.5% | Yes | 1,000 | No | Closed to new investors currently. That's OK, there are much better options available |
| Lending Works | Personal loans with protection fund | 4-5% | Yes | 10 | No | Similar to Zopa, with slightly higher rates. Small but growing |
| The Money Platform | Short-term personal loans | 100%+ | No | 250 | No | Recent startup, very small currently. High risk/reward |
| Ratesetter | Personal loans with protection fund | 3.3-6% | Yes | 1 | £100 | Read review |
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