LendingCrowd Self Select IFISA

The LendingCrowd Self Select IFISA allows you to earn tax-free returns* on your peer-to-peer loans. You decide how much to lend, from a minimum of £20 up to £20,000 this tax year.  Please remember your capital is at risk, so it’s important that you diversify by lending to a wide range of businesses. Remember that diversification is key to mitigating risk.

There are two types of loan:

• New loans — bid in an online auction where you decide how much you would like to lend to each borrower, and at what interest rate. You can bid from as little as £20 and rates start from 5.95%**.
• Existing loans — you can buy loans from other lenders on our Loan Market. There is no bidding involved and you can lend instantly.

To access your money, you can choose to list your loans for sale on our Loan Market. All sales are subject to a fee of 0.5%.

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

*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.

**Lend at rates between 5.95% and 14.25% based on LendingCrowd’s Risk Bands. Interest rates are guided by the credit grading allocated to each loan. Higher-risk loans 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.