Typically, investors are repaid the amount they loaned plus interest. This is not the same as peer-to-peer lending, but rather, it's an investment for individuals with capital. Prosper investors have funded over 6 billion in loans. Your Rights as a Consumer. Lenders are legally obligated to provide consumers certain protections. Legal documents are often confusing and the loan process can be overwhelming. Perhaps you are unsure what questions to ask.
ICO Registration Number: Z3305234. Cashfloat terms and conditions apply. Applicants must be 18 or over. All loans are subject to affordability, applicant verification and traditional credit checks via various national databases by Cashfloat responsible lending policy. Loan limit maximum of £500 for first-time customers (£1100 for existing). In most cases, loan decisions may take up to 30 minutes during office working hours. If your bank does not support Faster Payments, funds will be sent to your account the same day as approval so long as youre approved by 16:30.
Representative example: Borrow £500 for 4 Months, 4 Monthly Repayments of £215. Total repayment £863.
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