RateSetter is a simple concept. Creditworthy borrowers want a low cost loan. Smart lenders want a better return. We match them up and ensure everyone gets what they're looking for.
Since launching, RateSetter has distinguished itself from other peer-to-peer lenders by ensuring that savers receive every penny of the money they invest by introducing the concept of a “Provision Fund” into peer-to-peer lending. To date, RateSetter has arranged over £400m in loans and won multiple industry awards. It is one of the fastest growing operators in the sector, trebling its total lending in just 12 months to become the biggest UK platform by new loans originated per month and the largest lender in 2014. The Government’s intention to include peer-to-peer loans in tax-free ISAs and recent pension reforms are expected to fuel further growth.