The Income Account is ideal if you’re looking for a quick and simple way to lend to small businesses while taking an income from the interest earned on your portfolio.
It offers a target rate of 4.2%* a year and your lending is automatically diversified across a portfolio of credit-assessed small business loans.
At a glance:
Minimum deposit £1,000
Target rate of return: 4.2%* a year
Take income from the interest earned on your loans
Fully automated platform working for you
*When lending to businesses, it's important to remember that your capital is at risk. The 4.2% target rate is variable, net of ongoing repayment fees, estimated bad debt and before the 1% capital withdrawal fee. LendingCrowd and its products are not covered by the Financial Services Compensation Scheme.
It's easy to get started
Open an account
Complete a quick investor classification and appropriateness assessment to open your account – this is a requirement of P2P lending
Add funds to your account
You must pay in at least £1,000 to start lending to businesses and you can add to this at any time
Watch your loan portfolio grow
Keep up to date with your loan holdings and returns on your account page