Cookies are temporary files we place on your device to improve your user experience, for example to sign up and log in to your account. Find out more about cookies, and how to control them, in our privacy policy. By continuing to use our site, you agree to this policy Close image

Changes to our loan auctions

Man using a laptop

To reduce the number of bids that are automatically rejected during auctions on our Loan Market, we’ve lowered the maximum interest rate for each of our five Credit Bands.

We made this decision after carefully considering the best interests of our investors and borrowers. We listened to feedback from investors who said they were being outbid on loans too often, and borrowers who said the rates they were offered at the end of auctions were no longer competitive.

The changes are designed to increase the number of loan offers accepted by businesses, which then makes more loans available to investors, improving the diversification in their portfolios. The changes also reduce the number of investors who miss out during auctions.

There has been no change to the minimum rate for each Credit Band. The following lending rates now apply:

Credit Band Interest rate
A+ 5.95% to 7.95%
A 7.95% to 9.95%
B+ 8.95% to 10.95%
B 10.35% to 12.35%
C+ 12.25% to 14.25%


This new structure means that interest rates will be more closely aligned with each Credit Band, improving clarity for borrowers and investors.

What this means for Autobid investors

Because we’ve reduced the maximum interest rates, Self Select investors who use our Autobid function will have to log in to their accounts to adjust their settings. To do this, click on the Manage account button on your MY ACCOUNTS page and then select Configure Autobid.

Autobid allows you to automatically bid on loans using pre-set preferences such as industry sector, region and interest rate offered. You can also automate the interest rates you offer to borrowers across our five Credit Bands. Once you’ve selected your new Autobid settings, press the SAVE CHANGES button to start automatically bidding on our Loan Market.

For those who don’t already invest in our Growth Account or Income Account, this may be a good opportunity to consider these automatic investing options, both of which can be held within our Innovative Finance ISA.

If you have any questions about these changes, please call us on 0345 564 1600 or email

Article author

Gareth Mackie

Gareth Mackie

Leave a Reply

Your email address will not be published. Required fields are marked *

If you invest through LendingCrowd you should understand that your capital is at risk.

LendingCrowd is the trading name of Edinburgh Alternative Finance Limited, Company Number SC468392, authorised and regulated by the Financial Conduct Authority (Firm reference number 670991). LendingCrowd and its products are not covered by the Financial Services Compensation Scheme.

Read more about the risk involved when investing and borrowing.

The company's registered office is 23 Manor Place, Edinburgh, EH3 7DX.

Copyright © LendingCrowd 2021. All rights reserved.

Best P2P Business Lender ICAS