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Loanpad reduction of interest rates
where_are_we
Posts: 1,457
Forumite
From 05 January 2026
Classic / ISA Classic 4.90%
Premium / ISA Premium 5.90%
From 01 February 2026
Classic / ISA Classic 4.80%
Premium / ISA Premium 5.80%
I was expecting something like this from Loanpad following the recent BOE interest rate reduction. I suppose it keeps a reasonable premium over safe cash ISA rates. I have recently increased my Loanpad Premium ISA balance despite news of PtoP lender Kuflink suffering bad debts. Loanpad accounts for about 5% of my total wealth and I will not be increasing this percentage due to the level of risk.
1
Comments
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If I have any more net capital losses (I'm looking at you Kuflink), then I'd probably still bite to get it tax free, even though most of my risk free cash savings are paying more than 5%.0
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