Compare the P2P Lending Websites and Apps

4thWay®, the world's first P2P ratings and research agency, makes it easy for you to compare interest rates, risks, costs and features:

P2P Lending Co.
Interest Rate
4thWay® PLUS Rating
P2P Lending Co.
Funding Circle
Interest Rate
6.8%
4thWay® PLUS Rating
P2P Lending Co.
Proplend
Interest Rate
6.2%
4thWay® PLUS Rating
P2P Lending Co.
Landbay
Interest Rate
3.99%
4thWay® PLUS Rating
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Latest News

The IFISA (P2P ISA) Guide

Key points about IFISAs Tax-free lending on over £15,000 per year. No extra charges. Currently just two such ISAs available (see end of page). The main benefit of lending through an IFISA The biggest benefit of a P2P ISA – a so-called “Innovative Finance ISA” or “IFISA” – is that the lending interest you earn is tax… Read more

P2P Pensions Guide

Most people benefit from automatic tax breaks on peer-to-peer lending as explained in our guide: How Is Peer-to-Peer Lending Taxed? However, not everyone does, which can make lending through a pension attractive. And there are other advantages to lending in a pension. There are also cons though, so here’s everything you need to know: The main benefit of… Read more

How Is Peer-to-Peer Lending Taxed?

Key P2P tax rules in bullets Most people pay no income tax, because peer-to-peer lending is included in the Personal Savings Allowance. That’s £1,000 tax-free interest for basic-rate taxpayers and £500 for higher-rate payers. You pay tax at your own income-tax rate on any interest earned above the savings allowance. Bad debts are tax deductible. You… Read more

Candid Opinion

The Shortcomings Of Bad-Debt Provision Funds

It is sensible to plan for disaster and one way to do so is to set aside a pot of money to cover losses from bad debts. Several P2P lending websites offer these bad-debt provision funds, including, for example, Assetz Capital (in some of its lending products), Landbay*, Lending Works*, Madiston LendLoanInvest, RateSetter*, Saving Stream, Unbolted, Wellesley… Read more

A Reserve Fund For Funding Circle Lenders

If you lend to Funding Circle* A+ business borrowers you can currently earn more than at RateSetter*, Lending Works* and Zopa*, but with a better recent record of repayment than RateSetter and Zopa. Yet Funding Circle doesn’t have a bad-debt provision fund and the others do. If that puts you off lending through Funding Circle,… Read more

The Right Split Between Savings, P2P, Shares, Property

This article is about how much you should split between savings accounts/cash ISAs and peer-to-peer lending, and also shares if you want to more diversification further up the risk scale. I also discuss the money you might put into buying your own home. Those are what we here think of as the four main ways to… Read more

Why are Wellesley’s interest rates different?

Wellesley’s P2P lending rates appear higher on its own website than on 4thWay®.

This is because we calculate Wellesley’s interest rates the same way most other P2P lending websites do. We do this so that you can compare the rates more easily and so that they show a more accurate picture of what you’ll earn.

Important information before you visit Wellesley & Co.

Wellesley & Co. is primarily a P2P lending website.

But, when you visit the Wellesley website, you’ll see that it also offers two “bonds”, one of which is available as an ISA.

Unlike its P2P lending service, neither of these bonds allows you to lend directly to 100+ borrowers.

Instead, you lend to Wellesley and it lends to other borrowers.

We have not risk-rated either of those bonds, but we expect that their structure makes them more risky, particularly because you’re lending to just one borrower.

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Why are Wellesley’s interest rates different?

Wellesley’s P2P lending rates appear higher on its own website than on 4thWay®.

This is because we calculate Wellesley’s interest rates the same way most other P2P lending websites do. We do this so that you can compare the rates more easily and so that they show a more accurate picture of what you’ll earn.

Important information before you visit Wellesley & Co.

Wellesley & Co. is primarily a P2P lending website.

But, when you visit the Wellesley website, you’ll see that it also offers two “bonds”, one of which is available as an ISA.

Unlike its P2P lending service, neither of these bonds allows you to lend directly to 100+ borrowers.

Instead, you lend to Wellesley and it lends to other borrowers.

We have not risk-rated either of those bonds, but we expect that their structure makes them more risky, particularly because you’re lending to just one borrower.

Got it

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Why are Wellesley’s interest rates different?

Wellesley’s P2P lending rates appear higher on its own website than on 4thWay®.

This is because we calculate Wellesley’s interest rates the same way most other P2P lending websites do. We do this so that you can compare the rates more easily and so that they show a more accurate picture of what you’ll earn.

Important information before you visit Wellesley & Co.

Wellesley & Co. is primarily a P2P lending website.

But, when you visit the Wellesley website, you’ll see that it also offers two “bonds”, one of which is available as an ISA.

Unlike its P2P lending service, neither of these bonds allows you to lend directly to 100+ borrowers.

Instead, you lend to Wellesley and it lends to other borrowers.

We have not risk-rated either of those bonds, but we expect that their structure makes them more risky, particularly because you’re lending to just one borrower.

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Opening an HNW Lending account 

HNW Lending does not have a secure website.

This is usually a major security problem, since you are normally required to enter bank details to open a P2P lending account, but with HNW Lending this is not required.

So, when completing the form to open an account, just complete the basic required fields, which are marked with an asterisk (*), as well as the fields where you explain the kinds of loans you’re interested in receiving by email. Do not complete the bank details or other fields.

 

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