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Innovative Finance ISA information hub

LendingCrowd Innovative Finance ISA

LendingCrowd offers three Innovative Finance ISA (IFISA) products – the Growth ISA, the Income ISA and the Self Select ISA, all of which can be held within the same IFISA wrapper.

 

How do our ISAs work?

 

Growth ISA

Income ISA

Self Select ISA

  • Build a portfolio with one click – your investment is automatically spread across as many loans as possible
  • As with our Growth ISA, your investment automatically diversifies across all the loans available on our Loan Market
  • Choose the loans you want to invest in and set your rates on our Loan Market, or instantly invest in loans for sale
  • Earn 6%* a year tax free** – that’s the variable target rate after ongoing repayment fees and estimated bad debt
  • Interest payments transfer to a separate account for you to withdraw, capital repayments reinvest automatically
  • Rates start from 5.95%† depending on the Credit Band of the loan and returns are tax free** within the ISA
  • No fixed term – you can choose to sell holdings and withdraw cash at any time for a 1% capital withdrawal fee
  • Earn 5.6%* a year tax free** – that’s the variable target after ongoing repayment fees and estimated bad debt
  • Loan terms are between 6 months and 5 years but you can sell your holdings on our Loan Market for a 0.5% fee
  • Start from just £1,000 and invest up to £20,000 in the current tax year
  • Invest from £1,000 up to the £20,000 ISA allowance in the current tax year
  • Get started from as little as £20 and invest up to £20,000 in the current tax year

 

*Capital at risk. Target rate is variable, net of ongoing repayment fees and bad debt.

**Tax treatment depends on the individual circumstances of each investor and may be subject to change in future.

†Capital at risk. Investors can lend at rates between 5.95% and 16.25% based on LendingCrowd’s Credit Bands. Interest rates are guided by the credit grading allocated to each loan. Higher risk investments may yield greater returns but can also lead to lower returns if the business can’t fully repay its debts. This is known as bad debt. Find out more at our Risk matters page.

 

Invest up to £20,000 this tax year

You can invest up to £20,000 this tax year and you’ll have no tax to pay on your returns. Tax treatment depends on the individual circumstances of each investor and may be subject to change in future.

 

Open your account online

Create and manage your LendingCrowd IFISA online. Review your portfolio at any time and easily increase your investment up to your ISA limit. We’ll ensure you don’t go over your ISA limit with LendingCrowd and we’ll keep you updated on how much you can still invest during the current tax year.

 

Easily transfer ISAs to LendingCrowd

Already have an ISA? You can transfer your existing ISAs to us quickly and simply. Just download and complete our transfer form and post it to us. We’ll complete the process with your existing ISA provider.

 

Flexible ISA

We’ve designed the LendingCrowd IFISA to be flexible. This means that, if you withdraw money, you can put it back in at a later date in the same tax year without it contributing to your annual ISA allowance. Non-flexible ISAs don’t allow this – replacing money that you’ve withdrawn counts towards your allowance.

 

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

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.

LendingCrowd is a credit broker and not a lender.

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

Copyright © LendingCrowd 2018. All rights reserved.

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