Sites like RateSetter

RateSetter is perhaps the biggest name in peer-to-peer lending right now, but it's not alone, compare alternatives.

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

Table: sorted by representative APR, promoted deals first
Product UKFPL
Finder Score
Total Payable
Monthly Repayment
Representative APR
Novuna Personal Finance logo
Finder score
Representative example: Borrow £10,000.00 over 3 years at a rate of 6.2% p.a. (fixed). Representative APR 6.2% and total payable £10,956.60 in monthly repayments of £304.35.
Check eligibilityView details
My Community Bank logo
Finder score
Representative example: Borrow £5,000 over 48 months at a rate of 24.2% pa (fixed). Representative APR 27.1% and total payable £7,853.87 in monthly repayments of £163.62.
Check eligibilityView details
Fluro logo
Finder score
Representative example: Assumed borrowing of £7,500.00 over 48 months at 17.9% APR representative. Monthly cost of £214.79. Total amount repayable of £10,309.78. Interest rate of 16.6% p.a.(fixed) and total fees of £150.00. Available for loan amounts between £5,000 - £25,000.
Check eligibilityView details
thinkmoney logo
Finder score
Representative example: If you borrow £29,100 over 12 years, initially on a fixed rate for 5 years at 8.885% and for the remaining 7 years on the Lender's standard variable rate of 9.285%, you would make 60 monthly payments of £375.53 and 84 monthly payments of £380.29.
View details
Tesco Bank logo
Finder score
Representative example: Borrow £10,000.00 over 3 years at a rate of 6.4% p.a. (fixed). Representative APR 6.4% and total payable £10,987.56 in monthly repayments of £305.21.
View details
Zopa logo
Finder score
Representative example: Borrow £1,500.00 over 3 years at a rate of 22.9% p.a. (fixed). Representative APR 22.9% and total payable £2,028.60 in monthly repayments of £56.35.
View details
Barclays Existing Current Account Loan
Barclays Bank logo
Finder score
Representative example: Borrow £10,000.00 over 3 years at a rate of 6.5% p.a. (fixed). Representative APR 6.5% and total payable £11,003.04 in monthly repayments of £305.64.
View details
Lloyds Bank logo
Finder score
Representative example: Borrow £10,000.00 over 3 years at a rate of 0.0% p.a. (fixed). Representative APR 0.0% and total payable £0.00 in monthly repayments of £0.00.
View details
Plend logo
Finder score
Representative example: Borrow £8,000 over 48 months at a rate of 16.66% p.a. (fixed). Representative APR 17.99% and total payable £11,013.12 in monthly repayments of £229.44.
View details
Lendwise logo
Finder score
Representative APR 10% (fixed).
View details
Tesco Bank logo
Finder score
Representative example: Borrow £10,000.00 over 3 years at a rate of 6.0% p.a. (fixed). Representative APR 6.0% and total payable £10,925.64 in monthly repayments of £303.49.
View details
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Finder Score for unsecured loans

To make comparing even easier we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.

Read the full methodology

With no guarantor

1 - 1 of 1
Product UKFPL Finder Score Total Payable Monthly Repayment Representative APR
Finio Loans logo
Finder score
Representative example: Borrow £10,000.00 over 3 years at a rate of 39.9% p.a. (fixed). Representative APR 39.9% and total payable £16,091.64 in monthly repayments of £446.99.
Check eligibility View details
loading

Finder Score for unsecured loans

To make comparing even easier we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.

Read the full methodology

With a guarantor

1 - 1 of 1
Product UKFPL Finder Score Total Payable Monthly Repayment Representative APR
1plus1 Loans logo
Finder score
Representative example: Borrow £10,000.00 over 3 years at a rate of 39.9% p.a. (fixed). Representative APR 39.9% and total payable £16,091.64 in monthly repayments of £446.99.
Check eligibilityView details
loading

Finder Score for unsecured loans

To make comparing even easier we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.

Read the full methodology

With a guarantor who is a homeowner

1 - 1 of 1
Product UKFPL Finder Score Total Payable Monthly Repayment Representative APR
Norwich Trust Limited logo
Finder score
Representative example: Borrow £15,000.00 over 3 years at a rate of 28.01% p.a. (fixed). Representative APR 31.9% and total payable £21,430.80 in monthly repayments of £595.30.
View details
loading

Finder Score for unsecured loans

To make comparing even easier we came up with the Finder Score. Speed, features and flexibility across 60+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.

Read the full methodology
Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

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
Lendable Personal 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.
Zopa Personal Loan
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
Fluro (formerly Lending Works) Personal Loan
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.
Late repayments can cause you serious money problems. See our debt help guides.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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Written by

Head of publishing

Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio

Chris's expertise
Chris has written 587 Finder guides across topics including:
  • Loans & credit cards
  • Building credit
  • Financial health

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