Zopa Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0004.7%
(£7,500 to £15,000)
2 years to 5 years
You must be at least 23 years old, with an annual income of at least £16,000 & have a good credit history / no CCJ's.
Representative Example: The Representative APR is 4.7% so if you borrow £10,000 over 3 years at a rate of 4.7% p.a. (fixed) you will repay £298.14 per month & £10,733.04 in total.
 
Alphalend 1 Year Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £10,0004.8%
(£1,000 to £10,000)
1 year
Before you continue make sure you meet the following criteria: permanent UK resident, min. age 18 & good credit rating required
Representative Example: The Representative APR is 4.8% (fixed) so if you borrow £5,000 over 24 months at a rate of 4.8% p.a. (fixed) you will repay £428 per month & £5,136 in total.
 
Alphalend 2 Year Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £10,0005.3%
(£1,000 to £10,000)
2 years
Before you continue make sure you meet the following criteria: permanent UK resident, min. age 18 & good credit rating required
Representative Example: The Representative APR is 5.3% (fixed) so if you borrow £5,000 over 24 months at a rate of 5.3% p.a. (fixed) you will repay £220 per month & £5,280 in total.
 
Alphalend 3 Year Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £10,0005.8%
(£1,000 to £10,000)
3 years
Before you continue make sure you meet the following criteria: permanent UK resident, min. age 18 & good credit rating required
Representative Example: The Representative APR is 5.8% (fixed) so if you borrow £5,000 over 36 months at a rate of 5.8% p.a. (fixed) you will repay £152 per month & £5,472 in total.
 
RateSetter 1 Year Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0008.3%
(£9,000 to £25,000)
1 year to 23 months
Quick and simple online process, approval within 24 hours. No early repayment charges and all fees are included in the APR. Need good credit history.
Representative Example: The Representative APR is 8.9% (fixed) at a rate of 8.9% p.a. (fixed) Arrangement fee from £127.10.
 
Lending Works Personal Loan
Loan AmountRepresentative APRLoan Term
£5,000 to £7,9995.5%
(£5,000 to £7,999)
3 years
If you want the money the same day you may need to pay a faster payment fee.
Representative Example: The Representative APR is 5.5% (fixed) so if you borrow £5,000 over 36 months at a rate of 5.5% p.a. (fixed) you will repay £150.51 per month & £5,418.36 in total.
 
RateSetter 2 Year Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0006.4%
(£10,000 to £25,000)
2 years
Quick and simple online process, approval within 24 hours. No early repayment charges and all fees are included in the APR. Need good credit history.
Representative Example: The Representative APR is 7% (fixed) so if you borrow £10,000 over 2 years at a rate of 7% p.a. (fixed) you will repay £446.03 per month & £10,704.72 in total. Arrangement fee from £123.60.
 
RateSetter 5 Year Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0008.7%
(£9,000 to £25,000)
49 months to 5 years
Representative Example: The Representative APR is 9.3% (fixed) at a rate of 9.3% p.a. (fixed) Arrangement fee from £189.
 
RateSetter 4 Year Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0008.9%
(£18,000 to £25,000)
37 months to 4 years
Representative Example: The Representative APR is 9.5% (fixed) at a rate of 9.5% p.a. (fixed) Arrangement fee from £176.60.
 
RateSetter Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,0009.2%
(£5,200 to £25,000)
1 year to 5 years
Quick and simple online process, money usually in your account within 24 hours. No early repayment charges and all fees are included in the APR. Need good credit history.
Representative Example: The Representative APR is 6.7% (fixed) so if you borrow £7,600 over 24 months at a rate of 6.7% p.a. (fixed) you will repay £339.24 per month & £8,141.76 in total.
 
RateSetter 6 Month Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £25,00010.8%
(£4,000 to £4,999)
6 months
Representative Example: The Representative APR is 11.6% (fixed) at a rate of 11.6% p.a. (fixed) Arrangement fee from £62.10.
 
eMoneyUnion Personal Loan
Loan AmountRepresentative APRLoan Term
£1,000 to £15,00086.0%
(£2,000 to £15,000)
2 years to 5 years
Representative Example: The representative APR is 86.0% so if you borrow £2,000 over 3 years at a rate of 60% p.a. (fixed) you will repay £125.70 per month & £4,597.33 in total.
 

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How to Compare Social Lending Sites

These days, you no longer have to approach a High Street bank to save or borrow money.

How to Compare Social Lending Sites

Now, peer to peer loan companies are springing up, letting people borrow from and lend money to other individuals.

But, how do so-called ‘p2p loans’ work? What are the benefits? And how can you compare social lending websites? We explain.

What are p2p loans?

Instead of borrowing money from a bank or building society, p2p loans involve you borrowing cash from another individual.

You can also benefit from higher returns by lending your cash through p2p loans rather than leaving them in low paying savings accounts.

The interest rate that you will receive on the best person to person loans will vary depending on your profile, your borrowing requirements and your credit history. Generally speaking, the higher the loan risk, the higher the interest rate.

Benefits of the top peer to peer loans

There are several benefits to lending or borrowing money through a social lending website.

If you’re borrowing money you can sometimes benefit from a lower interest rate than you would get through a High Street bank or building society.

And, if you have a less than perfect credit record you may still find someone prepared to lend to you, albeit at a higher interest rate.

If you’re looking to lend money then you’ll generally get a better return from the best person to person loans than you will from a traditional building society savings account. However, you will benefit from lower protection than you’d enjoy with a savings account.

How do I find the best person to person loans?

There are several websites that now arrange person to person loans. You can use our p2p loan comparison to find the best social lending site for your circumstances.

Remember to compare social lending websites based on criteria such as:

  • Minimum and maximum loan amounts
  • Minimum and maximum loan terms
  • Representative interest rates
  • Whether you will receive a lending decision online
  • The rate of interest you will be charged

Take all of these factors into consideration and you should be able to find the social lending site that gives you access to affordable borrowing.

Loan Comparison

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