- Loans up to £25,000
- Tenants & Homeowners
- Use for any purpose
- Less than perfect credit
- Free enquiry service
Provide loans from £500 to £25,000 for people with excellent to slightly impaired credit histories. The rate offered depends on your credit history, but applying won't harm your credit score. It is possible that their rates may beat those of high street lenders.
|Representative APR||Loan Term (months)||Loan Amount (£)||Instant decision||E-signature available|
|7.6%||6 - 60||500 - 25,000|
|Representative Example: Borrow £2000 for 36 months. Repay £62.24 each month. Total interest of £237.24 and a £3 fee. Total repayable £2240.72. Representative APR 7.6% fixed.|
RateSetter is one of the so-called peer-to-peer lenders (they act as a matching service for people wanting to borrow direct from others wanting to lend). They were started in 2009 after the principle of matched lending had been proven by others. Their total lending exceeds £1bn and they are second only to Zopa in size - with the gap closing. Their lending model has two key elements:
With peer to peer lending becoming an increasingly popular way of borrowing unsecured loans it is great to see proper compeition between companies in this market. With RateSetter and Zopa tussling for leadership it is driving innovation and helping to keep rates truly competitive. Although our direct experience of RateSetter is limited at the moment we believe that you should consider them as a serious option so long as your credit history is at least reasonable.
When it comes to getting you your personal loan our online service is second to none. In fact Solution-Loans.co.uk has scored based on 423 ratings & 61 user reviews for its personal loans service.
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