Established in 2010, RateSetter originally started as a peer-to-peer lending platform, providing swift and competitive fixed rate loans, with a maximum amount of £35,000, available online. In August 2020, Metro Bank successfully acquired RateSetter.
Before you take out a personal loan, it’s smart to read up and shop around. You can use the table below to see how much you’d be likely to pay for the loan that you have in mind from a range of popular lenders:
Personal loan calculator
With no guarantor
With a guarantor
With a guarantor who is a homeowner
What is Ratesetter?
When a company’s name puts two words together without a space, then there’s a good chance that it’s a fintech upstart – RateSetter is no exception.
The peer-to-peer (P2P) lender is one of a host of new, online-only platforms that form a recent trend in personal finance. These platforms match investors looking to earn bank-beating rates of interest on their savings with borrowers looking to pay as little as possible on their loan. The theory goes that by cutting out the bank in the middle (with all its expensive overheads) P2P platforms can offer market-leading rates.
Compare Ratesetter alternatives
Company | Description | Example Loan | |
---|---|---|---|
![]() |
Borrow £1,000 to £25,000 over terms from 12 months to 60 months. Soft search facility means that checking your rates won't affect your credit score. FCA firm registration number: 722768. | Representative example: Borrow £7,500 over 36 months at a rate of 18% p.a. (fixed) with £440.00 fees. Representative APR 22.9% and total payable £10,144.52 in monthly repayments of £281.79. | Check eligibility |
![]() |
Borrow £1,000 to £25,000 over terms from 12 to 60 months. Soft search facility means that checking your rates won’t affect your credit score. FCA firm registration number: 718925. | Representative example: Borrow £7,500 over 5 years at a rate of 8.8% p.a. (fixed) with a £180 fee. Representative APR 9.9% and total payable £9,443 in monthly repayments of £157.40 | Check eligibility |
![]() |
Borrow £5,000 to £25,000 over terms from 12 months to 60 months. Soft search facility means that checking your rates won’t affect your credit score. FCA firm registration number: 723151. | Representative APR 9.9%. The rate you are offered depends on your personal circumstances, the loan amount and the repayment term, and may differ from the Representative APR. | Check eligibility |
More guides on Finder
-
Finder Lending Innovation Awards 2024
Find out the winners and highly commended brands in the Finder Lending Innovation Awards 2024. The best lending innovation in the UK!
-
Bamboo unsecured personal loan review
Bamboo offers fixed-rate unsecured personal loans up to £8,000 without a guarantor.
-
Lendable loans review
Check out our review of Lendable personal loans and find out whether it offers the best loans for you.
-
1Plus1 loans calculator and overview
In this handy guide we walk you through all the essentials you need to know before getting a loan with 1+1 loans including key features, eligibility and how to apply.
-
Loans for pensioners and retired people
If you’re a retiree and looking for a loan, there are lenders who may approve your application. Learn more about the loan types available to retired people.
-
Get a £25,000 personal loan with the best rate
Compare live rates, fees and eligibility criteria from a range of lenders to get the right loan for your needs at the lowest overall cost.
-
Creation Finance personal loans
Creation Financial Services offers fixed-rate personal loans of £1,000-£25,000 over 1-5 years with no hidden fees. Find out all the key features of these loans and compare live rates in our in-depth review.
-
Compare 2 year personal loans
Want to buy a new car? Go on holiday? Consolidate your debt? Compare rates and costs of 2 year fixed rate personal loans from a range of lenders.
-
Sainsbury’s loans calculator and review
Whether you’re planning on some home improvements, replacing your car or simply getting your finances in order, Sainsbury’s offers fixed rate personal loans of up to £25,000 to Nectar card holders. Fast, easy comparison with a range of lenders.
-
HSBC loan calculator
Compare HSBC fixed-rate personal loans against products from a range of UK lenders. Apply online and secure a competitive rate.