How it works
When you invest with Lending Works, you lend your money directly to creditworthy borrowers. It’s called peer-to-peer lending.
Personal loans to real people
You'll invest only in personal loans to creditworthy individuals who pass our rigorous approval process.
Invest for 3 to 5 years
Earn 4.5% p.a. on 3-year loans, or 6.0% p.a. on 5-year loans. Take loan repayments as income, or reinvest automatically for maximum returns.
Invest at your own pace
On average, our individual members invest £3,500 when they join, but you’re free to lend as much as you like. You’ll always get our best 3- or 5-year interest rate.
Meet the borrowers
Interest rates are annualised, assuming loan repayments are reinvested at the same rate, and any bad debt is covered by the Lending Works Shield. You are responsible for paying any tax due on your interest.
After researching, Lending Works offered the best balance of competitive returns and credible protection to me.
Investor since 2014
How we reduce risks
Peer-to-peer lending is an investment. That means your capital is at risk and returns aren’t guaranteed. And remember, the Financial Services Compensation Scheme (FSCS) doesn’t cover poor investment performance, just like with bonds or shares.
That said, we reduce the risk wherever possible. Here’s how.
The Lending Works Shield combines a reserve fund that covers every consumer-funded loan, with unique insurance against the primary causes of borrower default.
It's not a guarantee against loss, but we believe it's the strongest protection of any unsecured peer-to-peer lending platform. Learn more
Your investment is automatically split across many loans. It's inherently diverse, and much less volatile than stocks and shares.
Figures relate to retail investors only (excluding institutional investors).
Reference period: 01/01/2014 to date; Source: Internal monitoring data.
Past performance is not a reliable indicator of future results, and returns aren’t guaranteed.
Accessing your money
Accessing your money is simple. You can draw a regular income, or withdraw your money early, provided that other investors can be found to take over your loans.
For a 0.6% fee, you can withdraw your money early, provided other investors are available to take on your loans.
You can withdraw your investment as weekly or monthly income. Choose interest-only or capital-and-interest income to suit your needs.