About Ratesetter

Launched in October 2010, RateSetter has so far lent more than £1.5 billion to borrowers through its' 49,000+ investors.

In addition, RateSetter was the first peer-to-peer company to introduce a provision fund to protect lenders investments, and recently partnered with the British Business Bank to provide loans to small businesses through their network. The site matches lenders with both individuals and companies, with loans being sought for anything from a new car to business growth.


Pros...

  • Ease of use.
  • Over 26,000 individuals have trusted RateSetter with their investments since 2010.
  • RateSetter’s provision fund has covered every lender to date.

Cons...

  • Your capital is at risk.
  • RateSetter is not covered by the FSCS.
  • You can sell your loans to other lenders early, but subject to a fee of 0.25%.

Provision funds and insurance

RateSetter is authorised by the Financial Conduct Authority and is a member of the Peer-to-Peer Finance Association.

RateSetter offers a provision fund, which comes into effect should any borrower miss repayments on their loan. However, your capital remains at risk.

Key Data

  • Amount Lent/Invested: £830m
  • No. UK Investors: 26.9k
  • Avg. Amount Invested: £21.7k
  • FCA Regulated?
  • Who chooses borrowers? P2P Company
  • Investment secured on Personal Loans
Invest with Ratesetter

Rolling market

  • Potential Return:

       2.9%*
  • Term:

      6 - 5 months
  • Min. investment:

       £10
  • Secured on:

       Property, Business Loans, Personal Loans
  • Provision Fund:

       Yes
  • Early exit:

       Yes

Assumes funds are reinvested. Gross annualised rate, paid on withdrawal


1 Year Term

  • Potential Return:

       3.5%*
  • Term:

      0 - 1 years
  • Min. investment:

       £10
  • Secured on:

       Property, Business Loans, Personal Loans
  • Provision Fund:

       Yes
  • Early exit:

       Yes

Gross annualised rate, paid on maturity


5 Year Term

  • Potential Return:

       4.8%*
  • Term:

      0 - 5 years
  • Min. investment:

       £10
  • Secured on:

       Property, Business Loans, Personal Loans
  • Provision Fund:

       Yes
  • Early exit:

       Yes

Gross annualised rate, paid monthly. Rate is an average return over the last 12 months.


Your capital is at risk if you lend to businesses. Peer to peer lending is not protected by the Financial Services Compensation Scheme. Please read our full risk warning here.