A peer-to-peer lending platform with the operational simplicity and control of an online account. Inflation-busting interest paid daily. Watch your money grow with Loanpad.
A simple, smart way to make more of your money
We partner with established property lenders and spread your money evenly every day across a portfolio of secured property loans.
Open a Loanpad ISA and start investing with as little as £10 and grow your money tax-free.
Reinvest your daily interest and reap the benefits of compound interest.
Move your money between accounts and check your interest any time.
Sign up today and qualify for a welcome bonus
Just enter the reference 'WB519' when signing up
Invest £1,000 for 365 days and receive £50
Invest £10,000 for 365 days and receive £150
Choose the account that suits you best, with or without an ISA wrapper. You can move money between Loanpad accounts and check your interest 24/7.
These are annual rates paid daily into your cash account – after fees but before tax. If you choose to reinvest your interest daily, you’ll enjoy even higher returns. Rates are variable and could change.
We do all we can to release your money as soon as you ask for it. But this does depend on funds being available, and from time to time there may be a slight delay.
Interest paid daily
to cash account
Simple and transparent
We’ve designed Loanpad for maximum simplicity and transparency. We don’t charge a fee, but make a margin on the rate of interest paid by borrowers. Essentially, we make money when you make money – so it’s in everyone’s interest to make sure every single loan is rock-solid.
How it works
Put money into your cash account by bank transfer or standing order.
Make a deposit
Choose your account
Enjoy daily interest
Stay in control
Choose to lend through your Classic or Premium account, or both. You can move your money around to suit your needs.
Watch your interest grow from your fully diversified portfolio of lower-risk property loans.
Enjoy free access, flexible accounts and complete visibility of your interest and diversified loans.
How we safeguard your money
No lending account is completely risk-free. But Loanpad is built to keep the risk to your money as low as possible. Here’s how...
Every day your money is diversified across our entire book of loans. Not only does this reduce the impact from any one borrower defaulting, but it means there’s no difference between drip feeding money into your Loanpad account or putting in a lump sum. You get the same great rates at the same risk either way.
Shared loans for lower risk
The loans made with your money are shared with our lending partners – we only work with carefully vetted established lenders. They manage each loan with our oversight and are responsible for the higher risk part (called the ‘junior tranche’). As the lending partner will always take at least 25% of the loan, there’s lower risk to you if a borrower defaults. If this does happen, your money will be repaid (plus interest) before the lending partner’s share.
This also means it’s in our lending partners’ interest to check potential borrowers extensively, just as we do.
We only take on carefully vetted lower-risk property loans. As part of our extensive due diligence for approving each loan, we look at the credit history, experience and activity of each borrower and review asset and liability statements and payment history. Our panel of surveyors and solicitors also check the legality and security of every potential loan and borrower. We carefully review the exit strategy for each loan – and all loans are backed (secured) by property that we can sell to recover your money if the loan defaults.
Interest cover fund (ICF)
We safeguard your daily income using this unique ring-fenced fund which covers your daily interest payments if any borrowers fall behind on their payments. With short-term property loans, delays can happen – this fund exists to make sure you get paid daily, in full. You can see real-time details of this fund on our platform at any time. More about the interest cover fund.
The Interest Cover Fund we offer does not give you a right to a payment so you may not receive a pay-out even if you suffer loss. The fund has absolute discretion as to the amount that may be paid including making no payment at all. Therefore, investors should not rely on possible pay-outs from the Interest Cover Fund when considering whether or how much to invest.
You should know...
Capital is at risk
No FSCS protection
As with any investment, your capital is at risk and your investment may go up or down in value.
You won't be covered by the Financial Services Compensation Scheme (FSCS) for potential future losses.
As with all investments, past performance is not an indicator of future results.
Changes in economic climate and / or geopolitical events could negatively impact the value of your investment.
Copyright © 2019 Loanpad Limited. All Rights Reserved
Loanpad Limited is authorised and regulated by the Financial Conduct Authority (FRN:741576) and by HMRC as an ISA manager. Loanpad is not covered by the Financial Services Compensation Scheme (FSCS). As with any investment, your capital is at risk and your investment may go up or down in value.
1. You're eligible for a bonus on your first investment into a Loanpad lending account if you:
a) Have not previously invested with Loanpad;
b) Invest through a Loanpad ISA or Standard Account within 4 weeks of registration;
c) Register on or after 1 May 2019;
d) Use reference “WB519” when signing up.
2. You will qualify for:
a) £50 bonus if you invest into a lending account a minimum of £1,000 within 4 weeks post registration and keep this invested for 365 days; or
b) £150 bonus if you invest into a lending account a minimum of £10,000 within 4 weeks post registration and keep this invested for 365 days.
3. The maximum bonus per investor under this promotion is £150.
4. Earned bonuses will be credited to your Standard Cash Account within 14 days of qualifying.
5. This bonus is not available in conjunction with any other offer, or when you register through a cashback website.
6. The promoter of this offer is Loanpad Limited of 254-258 Goswell Road London EC1V 7EB and we reserve the right to amend or withdraw the offer at any time.
Welcome bonus terms
It’s up to you to make sure you handle your investment portfolio wisely – for example, by diversifying your investments and making sure you understand the potential risk and reward of each type of investment, including peer-to-peer lending. You should carefully read and consider the risk factors discussed in this risk notice and the details on our Invest and ISA pages before deciding to invest. If you are unsure, you should consult your own financial adviser.
Any money you invest should not constitute a substantial proportion of your investment portfolio. You should have sufficient knowledge and experience in financial and business matters so as to be capable of evaluating such risks. You represent that you satisfy these criteria and that you are investing on that basis.
While we do all we can to minimise the risk you’re exposed to through Loanpad, there are still some risks involved in investing with Loanpad.
Here’s a summary of the main ones to help you make an informed decision about investing with Loanpad. This list isn’t exhaustive, but it should give you a good idea of the kinds of things that can affect the repayment of your money.
The risk of lower than expected returns
It is possible that a borrower could default and stop repaying the loan and its interest to you. In this case, you run the risk of not getting back the money you’ve loaned to that borrower and/or not receiving your daily interest in full.
The risk of not being able to withdraw your money immediately
It’s important to us – and no doubt to you – that you can access your money when you want it. When you request a withdrawal from a Loanpad account, your request goes into our sale queue, which is processed once a day. We do our best to clear the sale queue in full each day, but there’s no guarantee that we’ll always be able to.
Just because you can’t withdraw your money straight away, doesn’t necessarily mean that it’s at higher risk. It means there isn’t enough available money (funds not tied up in loans) on the platform to process your withdrawal. Potential withdrawal delays are a feature of a lending site like Loanpad – and it’s important that you understand this.
The risk of losing your money
When you lend money, you rely on the borrower repaying it. If, for example, a borrower’s credit circumstances take a turn for the worse, they may struggle to repay the loan. And if this happens, you run the risk of not getting back the money you’ve loaned to that borrower.
In addition, Loanpad is not covered by the Financial Services Compensation Scheme (FSCS). As with any investment, your capital is at risk and the value of your investment may go up or down in value.
More general economic risks
The UK economy could be affected by instability in its banking sector and by a variety of other macro-economic factors. This, in turn, could significantly constrain the availability of credit and make it more expensive. Market volatility and spells of risk aversion could also negatively impact the UK property and loan markets.
Loanpad could be adversely affected by various factors beyond our control, including (but not limited to):