Skip to main content

Lending Works

Lending Works is not a traditional high street or online lender. It offers peer-to-peer lending platform to match lenders with borrowers.

Compare loans


Loans displayed from 1 company have term lengths between minimum 6 months and maximum 5 years and maximum 10.411% APR.

APR Total repayable

The amount is based on monthly compounding and for comparison purposes only.

Monthly repayments

Lending Works Personal Loan

  • No repayment holidays
  • Funds available within 24 hours
  • No fees for early repayment
More info
10.41% APR Representative
£241.81 repayable per month
Can I get this loan?
Please make sure you at least meet the following criteria:
  • Excellent Credit Required
  • Permanent UK resident
  • Aged 21 or older
  • No bankruptcy or CCJs

Additional criteria for acceptance from the lender may apply.

Representative example: Assumed borrowing of £7,500 over 36 months at a fixed rate of 4.5% per annum and a fee of £639.00 would result in a representative rate of 10.4% APR, monthly repayments of £241.81 and a total amount repayable of £8,705.16.

Warning: Late repayments can cause you serious money problems. For more information see our debt help guides.

uSwitch Limited is a credit broker, not a lender, for consumer credit products. Our services are provided at no cost to you, but we may receive a commission from the companies we refer you to. For some loans a broker fee of up to 12.5% may be added to the cost of the loan.

About Lending Works

Lending Works is a peer to peer lending provider, rather than being a traditional high street or online lender. This means that they act as a secure platform for lenders and borrowers to get in touch with each other and form a mutually beneficial relationship. Based in London, they now provide a nationwide lending facility to creditworthy customers. Their founders included two people who previously worked for major banks, a chartered accountant, a corporate lawyer, and a director from a digital development company.

The ethos behind Lending Works is that by cutting out the middle man, the traditional lending institutions, borrowers can receive loans that are both low cost and flexible, and the lenders can beat the rates that they would typically receive on their savings. They see this as a fairer way of supplying financial services, and a way for customers to be empowered to take control and make decisions about their own finances.

Peer to peer lending is a relatively new concept in the United Kingdom, but Lending Works expect it to increase exponentially in popularity. It’s seen as being at the heart of a new alternative finance movement, for people who feel disenchanted with banks, building societies, and traditional lenders. Because the company is regulated by both the Financial Conduct Authority and the Peer-to-Peer Finance Authority, both lenders and borrowers can be assured that their money is secure, and that strict regulations and controls are in place.

Customers who wish to borrow money using the peer to peer framework have to be at least 21 years of age and resident in the United Kingdom. They have to be able to prove that they’re able to make repayments, and that they are creditworthy. Those who wish to provide money, must also provide proof of identity in accordance with current UK money laundering regulations.