Flexible peer to peer lending & borrowing
Your money, your way
  1. 1) Bids cannot be withdrawn.
2) The money amount that you Bid will be reserved from your Account ready to be lent out to the Borrower, until 48 hours after the Loan Request duration ends, unless:
a) your Bid is bumped-off (i.e. the interest rate is under-bid) by another lender, or
b) after the Loan Request duration ends, and before 48 hours has expired, the Borrower declines the Loan,in which case the money is made available in your Account  for you to bid on another Loan Request.
3) A part of the money amount of your Lending Bid, rather than the full amount, may be used to make up the full Loan amount depending on all other Bids. In this case the balance of the money is made available in your Account for you to bid on another Loan Request.
4) Before you confirm your Bid consider:
a) the Borrower’s credit rating,
b) whether the Borrower can afford to repay the loan amount, making their repayment instalments from their personal income only.
c) the Borrower’s stability of employment and residence. Consider the risk of the Borrower’s employment terminating.
d) the correct amount and interest rate to Bid based on your own assumption of the risks involved.
e) making Bids of smaller amounts to spread the risk amongst many Borrowers.
5) You pay fees on the amounts you lend to Borrowers as follows:-
a) The flat Lender’s Fee is deducted for each successful Bid when the money is lent to the Borrower;
b) The percentage Lender’s Fee is accrued on a daily basis and deducted monthly from your account balance.
Details of the Fees are set out in the Fees section of the Site.
6) In deciding to make your Bid, you agree that you fully understand, and are relying exclusively, on the information in the Loan Request supplied by:
a) the Borrower, and
b) the Credit Reference Agency, having been presented in a summarised fashion in the Credit Stars;
7) Before you confirm your Bid refer to the Loan Agreement Terms & Conditions.
8) If you think there is something incorrect or suspicious about this Request then do not confirm your bid and email us immediately at This email address is being protected from spambots. You need JavaScript enabled to view it. to report the Request.

These are the Terms and Conditions governing the making of Bids by lenders.

1. By placing a Bid on the Site you agree that you have read and understood the risk warnings and you agree to be bound by these Bid Terms and Conditions.

2. Bids cannot be withdrawn.

3. The monetary amount that you Bid will be reserved from your Account ready to be lent out to the Borrower, until 48 hours after the Loan Request duration ends, unless:

a. your Bid is bumped-off (i.e. the interest rate is under-bid) by another lender, or

b. after the Loan Request duration ends, and before 48 hours has expired, the Borrower declines the Loan, in which case the money is made available in your Account for you to bid on another Loan Request.

4. A part of the monetary amount of your Bid, rather than the full amount, may be used to make up the full Loan amount depending on all other Bids. In this case the balance of the money is made available in your Account for you to bid on another Loan Request.

5. Before you confirm your Bid consider:

a. the Borrower’s credit rating

b. whether the Borrower can afford to repay the loan amount, making their repayment instalments from their personal income only.

c. the Borrower’s stability of employment and residence. Consider the risk of the Borrower’s employment terminating.

d. the correct amount and interest rate to Bid based on your own assumption of the risks involved.

e. making Bids of smaller amounts to spread the risk amongst many Borrowers.

6. You pay fees on the amounts you lend to Borrowers as follows:

a. The flat Lender’s Fee is deducted for each successful Bid when the money is lent to the Borrower;

b. The percentage Lender’s Fee is accrued on a daily basis and deducted monthly from your account balance;

c. If you are a member of the CSF you will also pay a percentage monthly Lender’s Fee in relation to the amount lent and the credit score of the Borrowers to whom you lend;

d. Details of the Fees are set out in the Fees Section of the Site.

7. In deciding to make your Bid, you agree that you fully understand, and are relying exclusively, on the information in the Loan Request supplied by:

a. the Borrower, and

b. the Credit Reference Agency, having been presented in a summarised fashion in the Credit Stars;

8. Before you confirm your Bid refer to the Loan Agreement Terms & Conditions.

9. If you think there is something incorrect or suspicious about this Loan Request then do not confirm your bid and email us immediately at This email address is being protected from spambots. You need JavaScript enabled to view it. to report the Loan Request.

10. The following Definitions are used in these Bid Terms and Conditions:

Account

Means the part of the Site which can only be accessed by a Member using their own Login Credentials, the database records that store details of that Member’s transactions and money balances held for that Member any time in the Members' Account, and the area of the Site that displays such information to that Member;

Bid

Means in response to a Loan Request a lending offer on a Loan Request by an existing or potential Lender offering to lend a certain amount of money at a particular interest rate to satisfy in whole or part that Loan Request;

Bid Terms and Conditions

Means these terms and conditions;

Borrower

Means the Member identified as the Borrower in the Loan Agreement and who intends to borrow money under a Loan Agreement;

Compensation Scheme Fund (“CSF”)

Means the Compensation Scheme which offers to lenders, by membership, an optional membership of the Compensation Scheme. It will build a fund to be used to compensate Lenders, for borrower’s late or missed payment, arrears or even default. It is not an insurance product and does not guarantee that the funds available will cover every default; 

Credit Reference Agency

Means the agency used to provide information of the Borrower’s credit worthiness;

Fees Section

Means the Fee Section of the Site;

Lender(s)

Means the Member(s) identified as the Lender(s) as set out in the Loan Agreement and whom lends money under a Loan Agreement and, for the purposes of enforcing a Loan Agreement, includes any person to whom any Lender has transferred his or her rights under that Loan Agreement;

Lender’s Fee

Means each fee that is charged to Lenders in respect of each Bid that becomes a Loan;

Loan

Means the loan advanced by a Member as a Lender to another Member acting as a Borrower using PU;

Loan Request

Means a request by a Member for a potential Loan with details of the potential Loan value, the period for repayment of the Loan, the target interest rate at which the Member would like to borrow via the Site;

Login Credentials

Means a Member’s user name and password to enable that Member to login into the Member’s section of the Site and their Account;

Member

Means an individual who has completed the Registration Process and has been issued with his/her own identifying account number;

Members’ Account

Means the segregated bank account We maintain with Barclays (or such other UK bank as We may choose from time to time) for the sole purpose of holding funds to which Members are beneficially entitled in accordance with these Terms and Conditions and/or any Loan Agreement;

PU

Means “P2P Unsecured Lending & Borrowing” which is the initial marketplace launched by LLI, for person to person unsecured lending and borrowing;

Registration Process

Means the process to register as a Member of the LLI internet Site;

Site

Means the internet website www.lendloaninvest.co.uk.