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An Innovative Finance ISA (IFISA) is the new way to invest tax-free. Just like Cash and Stocks & Shares ISAs, you can invest up to £20,000 each tax year, and you don’t need to pay any personal taxes on your earnings.

At a Glance:

Open an account with as little as £20

Transparent fees – 1% of the amount invested

Range of credit-assessed investment opportunities

Monthly repayments of interest and capital

*If you invest through LendingCrowd you should understand that as a lender, your capital is at risk. Tax treatment depends on the individual circumstances of each client and may be subject to change in future. LendingCrowd and its products are not covered by the Financial Services Compensation Scheme.

Benefits of a LendingCrowd Self Select ISA

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

No Income or Capital Gains Tax to pay on your profits

Average returns are currently 8%*

Transfer in your other ISAs quickly and easily

Create your LendingCrowd Self Select ISA

Open an ISA

Invest up to £20,000 ISA allowance with LendingCrowd by investing in the Loan Market.

Open an ISA

Transfer an ISA

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

Transfer an ISA

How it works

A LendingCrowd Self Select ISA allows you to invest in peer to peer lending without having to pay any personal taxes on your returns. You decide how much to invest — from a minimum of £20 up to £20,000 in the 2017/2018 tax year. 

With a Self Select ISA you choose how to invest your money on the Loan Market. There are two types of loan you can invest in:

  • 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 invest from as little as £20 and bid at rates starting from 5.95%**.

 

  • Existing loans — you can buy loans from other investors on our Loan Market. There is no bidding involved and you can invest instantly.

 

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

*If you invest through LendingCrowd you should understand that as a lender, your capital is at risk. LendingCrowd and its products are not covered by the Financial Services Compensation Scheme. Tax treatment depends on the individual circumstances of each client and may be subject to change in future.

Accessing your money

Your investment with LendingCrowd is fully flexible. If you need access to your money you can cash in all or part of your ISA at any time.

Should you wish to withdraw your funds, you can choose to sell some or all of your loan holdings on our Loan Market. There’s a 0.5% fee for selling your loans. The time taken to access your funds depends on how quickly your holdings are sold. The ability to sell your investments depends on other investors purchasing your loans.

It's easy to get started

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Open a Self Select ISA

It’s fast and simple to do online


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Add funds to your account

You can open an account with £20 and add to it at any time


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Choose your investments

Invest in new or existing loans on the Loan Market


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Watch your investment grow

Keep up to date with your account activity on your Account page


Create your LendingCrowd Self Select ISA

Open an ISA

Invest up to £20,000 ISA allowance with LendingCrowd by investing in the Loan Market.

Open an ISA

Transfer an ISA

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

Transfer an ISA

Featured In

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If you invest through LendingCrowd you should understand that as a lender, your capital is at risk. Tax treatment depends on the individual circumstances of each client and may be subject to change in future. LendingCrowd and its products are not covered by the Financial Services Compensation Scheme.

*The current estimated return is an estimate of the annual (October 2015 to October 2016) return after fees and estimated bad debts that investors could earn. It is calculated by taking the gross interest rate less fees and estimated bad debts that will occur in the future. The average return is compounded and before tax.

**Investors can earn between 5.95% and 12.25% or more based upon LendingCrowd’s Credit Bands. Interest rates are guided by the credit grading allocated to each loan in which you choose to invest. Higher risk investments may yield greater returns but can also lead to lower returns if the business is not able to fully repay its debts. This is known as Bad Debt. To know more about Credit Bands and how this is related to investment returns, visit the How it works page.

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 2017. All rights reserved.

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