LendingCrowd Self Select IFISA

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*.

Non-IFISA Account also available

At a glance:

Open an account with as little as £20

Transparent fees – 1% of the amount lent

Lend to credit-assessed businesses at rates from 5.95% to 14.25%

Monthly repayments of interest and capital

*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 Self Select IFISA

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

No income or capital gains tax to pay on your returns

Build your own portfolio of business loans

Transfer in your other ISAs quickly and easily

Create your LendingCrowd Self Select IFISA

Find out more

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

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Transfer an ISA

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

Transfer an ISA

How it works

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.

Accessing your money

Your peer-to-peer portfolio with LendingCrowd is fully flexible. You can cash in all or part of your Self Select IFISA balance by selling your loan holdings on our Loan Market. There’s a 0.5% fee for selling your loan parts. 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.