11% over 3 years from Ablrate P2P

£218,100 today. 13 days left, 8 until they announce their new platform launch at the UK Investor Show on 18 April with lots of publicity. Also a plan to make it cheaper to use a SIPP to invest there that will be announced then, the only SIPP offering them at the moment is a bit on the expensive side.

Looks as though a fair chunk of this loan will end up with institutional investors and/or the secondary market, we'll see. It's apparently bigger than even a relatively big place like Funding Circle could fund in one chunk so it's an interesting loan to have around and make.

£228,300 today, 8 days to go. Looks as though Ablrate made the sensible decision to delay the end until at least some time after the show and new platform launch/promotion.

The loan size is far above what retail investors could fully fund in one tranche even at the biggest of the exiting platforms so it's no surprise that it won't be fully funded that way. It's where the institutional lenders come in, after the retail ones have had their fill.

At the moment I expect that they are in full testing mode for their new platform version launch. It'll be more interesting to see what happens with loan sizes and lending volume once that's there. One of its interesting features is supposed to be a loan pipeline so you can do more planning of how much to lend and when to try to hit your target lending speed/amount.

Interesting poll over on the P2P Independent forum asking the people there "Where would you invest most p2p money". Since you can't see the result without voting and many here won't know enough to have any preference, here's how things stand at the moment, numbers are vote counts:

31 Ratesetter
30 Assetz Capital
13 Saving Stream
12 MoneyThing
9= Ablrate
9= ThinCats
8 Other
5 Funding Circle
3 Wellesley
2 Rebuilding Society
1 Funding Secure
0 Zopa

The relatively high vote counts for the relatively little known MoneyThing and Ablrate are interesting. No votes at all for Zopa is fewer than I'd have expected them to get, even though I think they are losing the mindshare game pretty badly amongst those who know about the range of P2P options.

TheTracker wrote: »

Hope the aircraft gets off the ground quicker than this loan has.

The aircraft has been doing that for many years already. This loan is to buy the aircraft and save the leasing company some money so it can make more of a profit from the customer it's been leasing the plane to for a while already.