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An Innovative Finance ISA (IFISA) is the tax-free* way to lend to British businesses. Just like Cash ISAs and Stocks & Shares ISAs, you can lend up to £20,000 this tax year, and you won’t pay tax on your returns*.

At a glance:

Minimum deposit £1,000

Make your money work harder

No fixed term – you can make full or partial withdrawals

Build your own portfolio with one click

*When lending to businesses, it's important to remember that your capital is at risk. Tax treatment depends on the individual circumstances of each lender and may be subject to change in future. LendingCrowd and its products are not covered by the Financial Services Compensation Scheme.

Benefits of the LendingCrowd Growth ISA

Lend from £1,000 up to £20,000 in the current tax year

No income or capital gains tax to pay on your returns

Fully automated platform working for you

Transfer in your other ISAs quickly and easily

Create your LendingCrowd Growth ISA

Find out more

For peer-to-peer lending made simple, it’s time to Think Outside The Bank.

Continue

Transfer an ISA

Transfer existing Cash ISAs, Stocks & Shares ISAs and Innovative Finance ISAs to LendingCrowd.

Transfer an ISA

How it works

The LendingCrowd Growth ISA allows you to earn tax-free returns* on your peer-to-peer loans. You decide how much to lend, from a minimum of £1,000 up to £20,000 this tax year. We’ll automatically diversify your funds across the loans available on the LendingCrowd Loan Market – sit back and let our platform do the hard work for you. If your portfolio value is between £1,000 and £1,999, no more than 2% of your funds will be lent to any one business. This maximum target exposure reduces to 1% for portfolios of between £2,000 and £4,999, and to 0.5% for portfolios of £5,000 and above.

The longer you hold the Growth ISA, the more diverse your portfolio will become, as your capital and interest repayments will automatically be used to purchase new loan parts on your behalf. Remember that diversification is key to mitigating risk.

We also allow you to transfer in your other ISA accounts. This means you can lend even more with the Growth ISA without losing any tax benefits*.

*When lending to businesses, it’s important to remember that your capital is at risk. Tax treatment depends on the individual circumstances of each lender and may be subject to change in future. LendingCrowd and its products are not covered by the Financial Services Compensation Scheme.

Accessing your money

You can cash in all or part of your Growth ISA balance, but you must maintain an account value of at least £1,000 for the platform to continue lending on your behalf. If you want to withdraw your funds, you can sell loan holdings on our Loan Market. There’s a withdrawal fee of 1% of the capital withdrawn. The time taken to access your funds depends on how quickly your holdings are sold. The ability to sell depends on other lenders buying your loans.

It's easy to get started

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Open a LendingCrowd Growth ISA

Complete a quick investor classification and appropriateness assessment to open your account – this is a requirement of P2P lending


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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


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Watch your loan portfolio grow

Keep up to date with your loan holdings and returns on your account page


Create your LendingCrowd Growth ISA

Find out more

For peer-to-peer lending made simple, it’s time to Think Outside The Bank.

Continue

Transfer an ISA

Transfer existing Cash ISAs, Stocks & Shares ISAs and Innovative Finance ISAs to LendingCrowd.

Transfer an ISA