Loanpad P2P - Reviews, experiences, info or updates, post them here. I'm having a dabble.

Sea_Shell

Now they're at 4060 lenders, with an average of £16,734

Sea_Shell

We've moved all our Loanpad funds to Premium and upped our overall lend to £10,000.

4.2% from today.

older_and_no_wiser

Sea_Shell said:

We've moved all our Loanpad funds to Premium and upped our overall lend to £10,000.

4.2% from today.

I have a similar amount with Loanpad in their Premium account with 'compound investing' turned on. I'll be moving it into the ISA wrapper next financial year (I've already used up my ISA allocation in a Nutmeg account this year).

Sea_Shell

older_and_no_wiser said:

Sea_Shell said:

We've moved all our Loanpad funds to Premium and upped our overall lend to £10,000.

4.2% from today.

I have a similar amount with Loanpad in their Premium account with 'compound investing' turned on. I'll be moving it into the ISA wrapper next financial year (I've already used up my ISA allocation in a Nutmeg account this year).

I don't need to ISA it, as I have no earnings, so doesn't matter if interest is "taxable" 😉

I say "we" but it's all in my name 😎

Sea_Shell

Sea_Shell said:

Now they're at 4060 lenders, with an average of £16,734

Now at 4112 lenders, with an average of £17,048

ZeroSum

Going up to 4.3% in September then 4.4% in October.

And the classic accounts going up 3.1% & 3.2% respectively 

Sea_Shell

You beat me to it!! 😉

ZeroSum

As from 01 November 2022

Classic / ISA Classic                         3.40%
Premium / ISA Premium                   4.60%          

As from 01 December 2022

Classic / ISA Classic                         3.60%
Premium / ISA Premium                   4.80%

where_are_we

I was expecting this. Got the email today. I`m wondering if it is enough of a premium compared to safe cash savings interest?

I will persist for the moment. I have about 2% of my total savings in their IFISA.

agent69

Interesting comment from the indie p2p forum regarding one of the LP loans:

There is a very chunky loan (as far as the main partner is concerned) that went into admin in June though LP has only just updated. 

LP exposure is low and interest being covered ... partner will take a loss

Seems to have been a lot going on behind the scenes ... far more than the picture presented to the lenders.