We indicate the risk, you set your rate
All loans on rebuildingsociety.com will receive a risk rating from A+ to C, with C rated loans being the riskiest. Each of these bandings has an upper interest rate limit. As a lender you can set the rate you want to lend at, depending on your risk appetite. Rates may be lower where loans are supported by security.
- A+ 11% and under
- B 17% and Under
- A 14% and under
- C 20% and under
Innovative Finance ISA Fees
1.
Free to open
We don't charge you to open an ISA account.
2.
Transfer in
A fee of £40 applies to transfer in an existing ISA from another provider.
3.
Account Management
A monthly fee of 0.1% of assets (bids + microloans) will be taken from your available balance on the 1st of each month. Defaulted microloans are excluded. Fee is discounted to 0.05% for accounts with assets of £150,000 or more.
4.
Transfer out
A fee of £40 applies to transfer out your IFISA to another provider.
Privately Arranged loans
Customers wanting to arrange a privately syndicated loan pay according to the type of loan:
- Amortising loans: Arrangement fee of 3.25% of loan amount applies
- Interest only: A fee of 13.33% of each interest payment applies
Peace of Mind
You do not pay for legal recovery costs and default fees are levied against borrowers. To finance our legal enforcement action, the firm prioritises the recovery of its costs and fees over lender-recovered funds. Borrowers are liable to pay a sum equal to 17.5% of the total balance owed at the time of default. This fee is deducted from the proceeds of recovered funds, so this fee may reduce the recovered funds repaid to you if the recovery is partial.
Wind Down Costs
Regulated firms like ours are required to maintain a wind-down plan (WDP). If invoked, the firm will no longer derrive fees from arranging new loans and other revenues may be impacted. To fund the costs, the firm will levy a winding-down fee. This fee will be distributed on a pro-rata basis among active accounts (where there are actively repaying loans)
Please review our Terms and Conditions and Business Loan Conditions.
We also encourage you to read the loanbook performance updates on our blog, which disclose the aggregate lifetime net return performance.