Don't invest unless you're prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected of something goes wrong. Take 2 mins to learn more.
A peer-to-peer lending platform offering investors a simple and transparent way to boost your income. Interest paid daily. Watch your money grow with Loanpad.
A simple, smart way to make more of your money
Daily interest
Daily access*
£10 minimum
FCA authorised
ISA eligible
Sign up today!
or click here to log in.
Don't miss out... Start earning interest daily and watch your money grow!
Lower risk
Tax-free interest
Daily Interest
Total control
We partner with established property lenders and spread your money evenly every day across a portfolio of secured property loans to a maximum of 50% of the total property value.
Open a Loanpad ISA and start investing with as little as £10 and grow your money tax-free.
Reinvest your daily interest and reap the benefits of compound interest.
Move your money between accounts and check your interest any time.
*Access times are based on normal market conditions and cannot be guaranteed.
Current Loanbook Statistics
£171,430,061
Total Live Loans
£82,022,890
Total Loanpad
Participation
£82,846,718
Total Lending Partner Participation
Suspended Loan Rate
0%
Capital Losses To Date
£0
Average LTV
42%
These figures were last updated on the
12 April 2024
Our reviews
Take a look at what our investors think of Loanpad so far....
I've been investing in this excellent company for the past two years or so. They operate a lower risk Peer to Peer product and their customer service are wonderful to deal with. The two investment products pay competitive interest for the risks involved and the interest is added daily to my two accounts. The website is also very easy to navigate. I can very highly recommend this company to invest in either in their standard or ISA accounts.
Superb Peer to Peer Company.
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Choose the account that suits you best, with or without an ISA wrapper. You can move money between Loanpad accounts and check your interest 24/7.
Our accounts
*Access times are based on normal market conditions and cannot be guaranteed.
These are annual target interest rates paid daily into your cash account before tax. If you choose to reinvest your interest daily, you’ll enjoy even higher returns through the benefits of compound interest. Rates are variable and could change.
We do all we can to release your money as soon as you ask for it. But this does depend on funds being available, and from time to time there may be a delay.
ISA eligible
Your money
diversified daily
Interest paid daily
to cash account
Designed for lower risk property loans
Simple and transparent
We’ve designed Loanpad for maximum simplicity and transparency. We don’t charge a fee, but make a margin on the rate of interest paid by borrowers. Essentially, we make money when you make money – so it’s in everyone’s interest to make sure every single loan is rock-solid.
How it works
Put money into your cash account by bank transfer or standing order.
Make a deposit
Choose your account
Enjoy daily interest
Stay in control
Choose to lend through your Classic or Premium account, or both. You can move your money around to suit your needs.
Watch your interest grow from your fully diversified portfolio of lower-risk property loans.
Enjoy free access, flexible accounts and complete visibility of your interest and diversified loans.
How we safeguard your money
No lending account is completely risk-free. But Loanpad is built to keep the risk to your money as low as possible. Here’s how...
Daily spreading
Every day your money is diversified across our entire book of loans. Not only does this reduce the impact from any one borrower defaulting, but it means there’s no difference between drip feeding money into your Loanpad account or putting in a lump sum. You get the same great rates at the same risk either way.
Shared loans for lower risk
We limit your share of every loan to a maximum of 50%** of the total property value.
We achieve this by typically sharing loans with our lending partners – we only work with carefully vetted established lenders. They generally manage each loan with our oversight and are responsible for the higher risk part (called the ‘junior tranche’). As the lending partner will take at least 25% of the loan, there’s lower risk to you if a borrower defaults. If this does happen, your money will be repaid (plus interest) before the lending partner’s share.
This also means it’s in our lending partners’ interest to check potential borrowers extensively, just as we do.
** Loan to value may increase to a maximum of 55% to accommodate interest servicing
Responsible lending
We only take on carefully vetted lower-risk property loans. As part of our extensive due diligence for approving each loan, we look at a range of factors such as the property valuation, experience and activity of each borrower and review asset and liability statements. Our panel of solicitors also check the legality and security of a potential loan and borrower. All loans are backed (secured) by property that we can sell to recover your money if the loan defaults.
Interest cover fund (ICF)
We safeguard your daily income using this unique ring-fenced fund which may cover your daily interest payments. With short-term property loans, delays can happen – this fund exists to help you get paid daily, in full. You can see real-time details of this fund on our platform at any time. More about the interest cover fund.
The Interest Cover Fund we offer does not give you a right to a payment so you may not receive a pay-out even if you suffer loss. The fund has absolute discretion as to the amount that may be paid including making no payment at all. Therefore, investors should not rely on possible pay-outs from the Interest Cover Fund when considering whether or how much to invest.
Ready to grow your money?
Loanpad is a smart way to increase your investments while keeping risk as low as possible.
Why open a Loanpad ISA?
Daily interest, tax-free
Enjoy 5.50% returns with a Loanpad ISA Classic account and 6.50% returns with ISA Premium.
Simple
It’s quick and easy to open a Loanpad ISA and you can move money between your ISA accounts just as you can in your standard accounts.
Flexible
You can reinvest or take out your interest – and move money in and out of your ISA cash account as often as you like (in the same tax year). Read more about a flexible ISA.
Protected
Our ISA accounts enjoy the same innovative risk protection as all our accounts: shared lending through established property lenders (lending partners), daily diversification and more.
Holding your investment within a Loanpad ISA does not reduce the risks associated with that investment or guarantee returns. Please see our Risk Summary and the Invest or ISA pages for more information on these risks and the mechanisms we have in place to deal with them.
Transfers
You can transfer ISAs you have with other ISA providers to Loanpad and benefit from our competitive rates. And if you transfer previous years’ ISAs, it won’t affect your current year’s allowance.
Open an ISA today!
or click here to log in.
Don't miss out... Start earning tax-free interest daily and watch your money grow
Capital is at risk
No FSCS protection
Past performance
Economic factors
As with any investment, your capital is at risk and your investment may go up or down in value.
You won't be covered by the Financial Services Compensation Scheme (FSCS) for potential future losses.
As with all investments, past performance is not an indicator of future results.
Changes in economic climate and / or geopolitical events could negatively impact the value of your investment.
Copyright © 2023 Loanpad Limited. All Rights Reserved
Loanpad Limited is authorised and regulated by the Financial Conduct Authority (FRN:741576) and by HMRC as an ISA manager. Loanpad is not covered by the Financial Services Compensation Scheme (FSCS).
Approved: 26 July 2023
