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Lending Works is a peer-to-peer lending platform. You can invest in personal loans to creditworthy borrowers. You can also apply for a loan using Lending Works.
Lending Works isn’t like traditional, stuffy finance companies. They use cutting edge technology and advanced data science to provide an outstanding service to their customers. Launching in 2014, they rapidly expanded their business, growing in size but ensuring that their focus never shifted - to keep their customers at the heart of all they do.
With Lending Works, you can take out personal peer-to-peer loans between £1,000 and £25,000. The loan terms are between one and five years, and the monthly repayments are fixed, to ensure that you can easily budget for the cost.
In terms of interest rates, Lending Works have a Representative APR of 9.9%. This may change during the loan application process, however, as factors like loan amount and duration are taken into account when calculating the rate of the loan.