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Our fees explained
Our fees are simple and transparent so there are no surprises when you invest with LendingCrowd. There are no charges to open any of our accounts or to add funds and you only pay fees on the amount invested.
| Growth AccountGrowth Acc | Growth ISA | Income AccountIncome Acc | Income ISA | Self Select AccountSS Acc | Self Select ISASS ISA | |
|---|---|---|---|---|---|---|
| Ongoing repayment fees | ||||||
| Ongoing repayment fee | 1%* | 1%* | 1%* | 1%* | 1% | 1% |
| Buying a loan part | ||||||
| Buying a loan part | 0% | 0% | 0% | 0% | 0% | 0% |
| Loan part sales fee | ||||||
| Loan part sales fee | 0% | 0% | 0% | 0% | 0.5% | 0.5% |
| Withdrawal fee | ||||||
| Withdrawal fee | 1% | 1% | 1% | 1% | 0% | 0% |
Ongoing repayment fee
An ongoing repayment fee, which is the difference between the rate you lend to a borrower and the interest you receive, is charged on a monthly basis. This fee is taken from each monthly repayment made by the borrower. For example, if you lend at a rate of 9%, you’ll receive 8% after this repayment fee.
*The ongoing repayment fee is included in the target rate for the Growth Account, Growth ISA, Income Account and Income ISA.
Buying a loan part
We don’t charge a fee for buying a loan part.
Loan part sales fee
A 0.5% fee is charged when you sell a loan part. It’s charged on the capital sold. The seller continues to earn interest while the loan is listed for sale. If a loan is sold mid-way through a month, the seller will be paid any interest earned when the next monthly repayment is made.
Withdrawal fee
There’s a withdrawal fee of 1% of the capital withdrawn from the Growth Account, Growth ISA, Income Account and Income ISA. This is paid only when a withdrawal is made, not when a loan is sold. It isn’t included in the target rate for these accounts.
