Rating based on 21 reviews



  • Peer-to-Peer Lending up to £500,000
  • Low-interest starting from 4.9%
  • Repayment up to varied

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RateSetter homepage

Author RateSetter. Screenshot of RateSetter website. [Accessed May 14, 2020]

About RateSetter

RateSetter was created to make money work for you, and it is as simple as that.

Whether you have money that you would like to invest and see it grow, or if you need personal financing to make your plans a reality, we are here to help you.  The RateSetter platform brings together investors and borrowers to form a mutual relationship that ensures both parties reach their end goal.

Proudly based in the UK

We were proudly launched in the UK in 2010, and we are the first globally to launch rolling and one year lending markets and a provision fund.

Platform for lending and investing

RateSetter is a platform that offers lending services to a diverse range of creditworthy borrowers. Borrowers include individuals, small and medium sized businesses and property developers, all needing finance to achieve a desired goal.

International footprint

Launched in Australia in 2014, we are growing, and helping more customers than ever before with our quick peer-to-peer loans.

100% track record

With a 100% track record, we are proud to announce that all investors have received the return they expected and no individual lender has lost any invested money since our launch in 2010. This is a track record we aim to maintain.

RateSetter Services

Start investing and earn from 2.7% with no investment fee or borrow at a rate of 4.9%.

No investment fee

As a marketplace, the rates are set by investors and borrowers. It is the way we keep things fair. So, there are no investment fees and you set your own rate.

Start earning in no time

You could not start earning on your investment any sooner than with RateSetter, more than with any other peer-to-peer lending platform.

Top awards and 98% satisfaction

Not only have we won numerous top awards such as from the FT and Investors Chronicle, we also boast a 98% satisfaction score and our customers agree.

Other key facts

  • Registered lenders: 56,320
  • Total number of borrowers: 376,912
  • Average amount invested: £22,285
  • Amount lent in the last year: £663 million

It is a match that works

There are people with money that would like to invest and want a great return. And then there are individuals and businesses out there that want competitive quick loans. What we do is match them up and help both parties achieve their goal.

RateSetter Product Details

  • Loan Type Peer-to-Peer Lending
  • Interest Rate from 4.9%
  • Loan Amount up to £500,000
  • Repayment 6 months to varied

Benefits of RateSetter

  • Tax-free investments
  • Peer-to-peer lending
  • Flexible repayment terms

RateSetter has won more than 20 top industry awards

Register online as a borrower or lender and follow the necessary steps to pave your way to investing and borrowing, all from one easy-to-use platform.

All our investor have received their returns

Up to date, we have lent about £2,032,460,413 and each one of our investors has received the return they expected.

More than 20 awards

  • RateSetter has won more than 20 top industry awards since 2010 and was the highest-rated peer-to-peer lending platform by readers of Which? magazine in 2015 and 2016.
  • Also, we were one of the highest-ranked companies in the 2016 Sunday Times Tech Track 100.
  • Our valued customers have given us a score of 98% based on more than 2,000 customer reviews.

Wide range of financing options

  • Personal Loans
    Apply for a personal loan up to £35,000. You will need to be approved through our fast online application and the money can be with you within 24 hours.
  • Business Finance
    As experts in business loans that are fast, flexible and fair, you know that you are dealing with professionals in business when seeking finance. Apply for business loans up to £2 million over a wide range of terms. Let us help your business.
  • Property Finance
    Our property finance procedure is built on quick decisions and zero advance completion fees. With loans available from £500k to £7.5 million.

Why apply for a loan with us?

Fast – Because of our simple online loan application process, once you have been approved you can get the funds into your account in no time at all.
Flexible – We do not charge any early repayment fees.
Great rates – We undercut the costs of traditional high street banks and thus, we can offer a great rate that cannot be found elsewhere.

How to start investing

Amount – You will need to decide on the amount you want to invest. The average investor has built up over £20,000. However, you are welcome to invest an amount that suits you.
Product – Next you will be required to decide how long you want to lend your investment for. You can choose from one month to five years.
Rate – You can choose to select either the current market rate, or set your own rate.
Invest - Once you are satisfied with all of the above, invest your money and we take care of the rest.

man holding thumbs up

RateSetter is a trusted & reliable provider of peer-to-peer lending

In our review, RateSetter adheres to the compliance criteria in accordance with the Financial Conduct Authority, where the granting the loan will not cause financial distress to the consumer.

RateSetter is a registered credit provider in the UK; FCA number 722768

Customer Reviews & Testimonials

I have used RateSetter to both borrow money and invest, both sides of the coin are good quality products offered by them. I would recommend both borrowing and investing options.

Sean K
— Birmingham —

I like the fact that interest payments are directly paid into my bank account on a daily basis.

Charlotte P
— Leeds —

RateSetter Contact Details

Contact Number


  • not available


Physical Address

  • 6th Floor, 55 Bishopsgate London England EC2N 3AS United Kingdom
  • Get Directions

Opening Hours

  • Monday 08:00 – 19:00
  • Tuesday 08:00 – 19:00
  • Wednesday 08:00 – 19:00
  • Thursday 08:00 – 19:00
  • Friday 08:00 – 19:00
  • Saturday – Closed
  • Sunday – Closed