RateSetter is a peer-to-peer (P2P) lending exchange, allowing people to lend and borrow money directly with each other, setting their own interest rates and not being forced to take a rate set by a bank. RateSetter will cut the cost of borrowing and enable those already in debt to get out of it quicker, while at the same time increasing returns for savers.
PRODUCTS & SERVICES:
Retail investors, Retail borrowers, Businesses
Giff Gaff, CommuterClub, CallCredit, Equifax, Ashurst, Price Bailey, European Pensions Management, London Colonial, Westerby Trustee Services Limited
Through the online platform, investors can nominate the amount they wish to invest, the interest rate they are ready to accept, and their request can then be matched to approved borrowers.