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 if something goes wrong. Take 2 minutes to learn more.

Authorised & Regulated by the FCA (UK) 782496

Your capital is at risk

Lending money using a P2P lending platform should be treated as an investment and as with all investments your capital is at risk. In other words, the risk you face in lending money is that if the borrower cannot repay the loan, you may lose some or all of your capital.

Lendwise has strict lending policies which ensure that all borrowers are subject to comprehensive checks before being approved and made available to you on the Lendwise platform. This includes credit checks with credit reference agencies, identity checks and creditworthiness and affordability assessments taking into account income and outgoings.

Lendwise does not lend to businesses or in relation to property.

Your Tax Liability

Lending money using a P2P lending platform should be treated as an investment and as with all investments your capital is at risk. In other words, the risk you face in lending money is that if the borrower cannot repay the loan, you may lose some or all of your capital.

Lendwise has strict lending policies which ensure that all borrowers are subject to comprehensive checks before being approved and made available to you on the Lendwise platform. This includes credit checks with credit reference agencies, identity checks and creditworthiness and affordability assessments taking into account income and outgoings.

Lendwise does not lend to businesses or in relation to property.

Expected Loss Rate

As with any investment, lending on a P2P platform means there are risks involved. As a result, you may not receive the return from the investment that you expected because of defaults or losses.

A default is a breach in any of the conditions of the loan such as failure to make a timely payment.

When lending money there is always a risk the borrower may default and in some extreme cases the capital may be not be repaid leading to losses. This is different to a default. Losses can occur after defaults, but not necessarily every time. For more information on how the loans made available on Lendwise are performing, see our Statistics

When a borrower misses a payment (either interest and/or repaying the initial capital amount borrowed), Lendwise will step in and take steps to recover the amounts that are due to the lender. To learn more, see Actions Lendwise will take in the event of a default or loss.

One way to minimise the probability and impact of borrower defaults is to diversify your lending portfolio by lending small amounts to a large number of borrowers. For more information, check out Ways you can diversify your lending portfolio .

Your likely actual return

Rates of loan interest / investment return on our website are shown as gross rates.

We do not charge fees to our lenders currently but you should make allowances for tax and expected default rates and losses (as explained above) when calculating your likely net return.

This will allow you to make a more meaningful comparison of likely actual returns to other forms of investment.

Compensation

It is important for our lenders to be aware that, like all P2P lending platforms, Lendwise is outside of the scope of the Financial Services Compensation Scheme (“FSCS”).

This means that, should a P2P platform fail for any reason, those investing (lending) directly via the platform would not be able to claim compensation from the FSCS.

As a business, Lendwise is authorised and regulated by the Financial Conduct Authority (“FCA”) and therefore is subject to the FCA’s regulations governing P2P platforms and firms with consumer credit licences.

Our Values Recognised


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