Launched in 2010 in the UK, RateSetter’s main drive is ensuring money works for its clientele, whether you are a borrower or investor. Investing with RateSetter comes at no fee, allow investors to begin earning fast in an award-winning company with a 100 percent track record and 98 percent satisfaction level. Borrowers are offered diverse loan facilities by RateSetter, which include personal loans of £35,000 and below, business growth asset finance of £500,000 and below and property finance loans of between £500,000 and £7.5m.
RateSetter has worked with over 429,000 borrowers since their launch in 2010 in the UK and lent £616m in 2017 alone. It bridges the gap between investors and borrowers offering a chance to see investments grow and borrowers meet their financial obligations with loans at excellent rates.
RateSetter has also opened up in Australia, showing its success in industry and potential. The growth and reliability of the lender are without question. Loans are offered at no additional fees and accessible within 24 hours after approval and provide a quick soft credit check in a way that doesn’t affect a borrower’s credit rating.
They are very diligent at assessing affordability and creditworthiness of applicants through form data and credit reference agency checks and ensuring borrowers do not have individual voluntary arrangements, bankruptcies, trust deeds or debt relief orders or recent defaults.
RateSetter offers borrowers three unique products. These include low rate personal loans of between £500 and £35,000 payable within 1-5 years from an APR of 3.9%. Asset Finance perfect for business growth from £10,000 to £500,000 to access soft assets such as telephony, office equipment and computers and hard assets such as engineering equipment, vehicles and machinery. Property Development Loans ranging between £500,000 and £7,500,000 to residential property developers.
Borrowing or investing with RateSetter is a chance to work with a very efficient company that has high customer satisfaction rating and diverse awards for its peer-to-peer service provision.Their expertise and efficiency allow them to offer individual unsecured loans, individual secured loans and business loan facilities.