About Lending Works
Lending works is an online consumer peer-to-peer lending platform which matches shrewd lenders seeking better returns on their money with creditworthy borrowers looking for good value, hassle-free personal loans. Lenders are able to sign up in a matter of minutes, and can invest as little as £10 – or as much as they want. Their money will be split across multiple borrowers in order to diversify their investment, while they also protect their money by virtue of the Lending Works Shield.
How Does it Work?
For lenders, lending is as simple as signing up via their website and submitting basic personal details. Their system will run identity and AML checks, but the whole process of signing up and transferring funds into your account (which can be done by bank transfer or debit card) takes just a few minutes. Your funds will then need to be lent out in order to be matched with borrowers, and subsequently start earning interest as they make repayments to you. You then have the option to either re-lend these repayments in order to maximise your return, or take them as an income direct to your bank account (you can also choose between taking interest and capital.
Why Lending Works?
Arguably the element which sets them apart most from the other platforms is their industry-first Lending Works Shield. In addition to meticulous loan underwriting standards and a segregated reserve fund to cover arrears and defaults, LendingWorks also have a unique insurance, which acts as an additional layer of protection and compensates lenders for losses against borrower default for typical reasons such as accident, illness, unemployment, death, and also darker forces like fraud or cybercrime. In addition to delivering such peace of mind, lenders can also enjoy a hassle free, two-minute signup process, the ability to take interest or interest and capital repayments as an income & competitive rates of return.
Please visit Lending Works to find out more information on their current opportunities. Your Capital is At Risk.