THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Lendable
7.42%
APR
Loan Amount
Total Repayment
Monthly Payments
Lending Works
7.6%
APR
Loan Amount
Total Repayment
Monthly Payments
My Community
7.7%
APR
Loan Amount
Total Repayment
Monthly Payments
Shawbrook
7.9%
APR
Loan Amount
Total Repayment
Monthly Payments
First Stop
19.9%
APR
Loan Amount
Total Repayment
Monthly Payments
Progressive
0%
APR
Loan Amount
Total Repayment
Monthly Payments
Amigo
49.9%
APR
Loan Amount
Total Repayment
Monthly Payments
Bamboo
26.9%
APR
Loan Amount
Total Repayment
Monthly Payments
How it works
-
New Loan Quote
Please complete our loan eligibility form on the next page.
-
Fact find call
A member of our friendly loans team will call you at a convenient time for a quick fact find call. These calls typically take no more than 5-10mins so let us know when you're having a tea break and we can chat then.
-
Finding the right loan for you
We'll scour the market to find you the best loan deal for your particular circumstances.
-
Loan funded
If you're happy with the loan product & lender we recommend we'll deal with all the paperwork & documentation for you and arrange for funds to be transferred to your account.
Peer to peer loans
Peer to peer loans offer an effective way to borrow £1,000 to £35,000 at competitive interest rates over 1 to 5 years. At Loans Warehouse, we work with the best peer to peer lenders to help you access finance to suit your needs, whether it is for home improvements, purchasing a new car or tidying up your finances into one monthly payment.
Peer to peer lending – how it works
Peer to peer lenders act as middlemen between those looking for a loan and those individuals or companies looking to lend out money and receive a return on their investment.
Borrowers tend to get better rates than other types of loans and savers get better rates than if they used a savings account from their local bank.
They are otherwise known as ‘money cupids’ or ‘matchmakers’ offering rates as low as 3% for good credit customers and 9.9% Representative APR for those with poor credit.
With peer-to-peer lending, your credit score facilitates how much you can borrow and what interest rate you will pay. Borrowers with good credit will pay low amounts of interest and customers with bad credit will pay higher amounts of interest because they have a greater risk of default.
The lenders or investors that use a peer to peer platform can choose whether to lend to those with good or bad credit. So if they decide to take on more risk and lend to those with bad credit, they will receive a far greater return than lending to those with good credit.
Who can apply for a peer to peer loan?
To apply you need to be able to say yes to the following 3 statements:
- I’m over 24 years of age
- My income is over £15,000
- I have a good credit history
What can I borrow?
- Loans from £1,000 to £35,000
- Loan terms from 1 – 7 Years
- 1 – 2 Year loans variable rate
- 3 – 5 Year loans fixed rate
- Loans also available in Northern Ireland
There are also no early repayment fees if you wish to repay your debts early. In fact, you may save money on the overall cost of your loan since you will accrue less daily interest.
Compare peer to peer loans with Loans Warehouse
At Loans Warehouse, we work with number of leading providers to help you compare rates and get the best loan offer possible. Simply complete our online application form in just a few minutes and you will receive an instant decision. If you are successful, we will assist you every step of the way and your funds will be transferred directly to your debit account within 2 working days.