Your money will be invested in loans up to one year. Your capital and interest will be repaid at maturity.
|Investment Amount||Interest Rate||Est. Annual Interest|
|* The estimated annual interest is based on the investment term entered on the search form and, where this exceeds the product term, assumes the investment is rolled over and the rate remains the same.|
RateSetter manages the risk of people defaulting in two ways.
First, they are very cautious about who they lend to and very carefully credit check and select who is allowed to borrow through RateSetter.
Secondly, they manage risk via the Provision Fund, which is a pot of money, funded by Borrowers which compensates Lenders in the case of a late payment of a default on a loan. It is important to understand that the Provision Fund is not a guarantee and your capital is at risk.
Gross annualised rate, paid on maturity