As P2P lending platforms getting more and more popular every year, you shouldn’t even be surprised that I am just introducing you another company from that branch. 🙂 Lending Works is not much different than competition. Additionally you will have another change to earn some money to your annual income thanks to Lending Works refer a friend program!
Lending Works – how it works?
First of all you need to decide whether you want to open Classic Account or Innovative Finance ISA. Investing using Classic Account is super simple and basically all you need to do is to transfer money. Investment goes through automatically. After you transfer money estimated matching time varies from time to time and may take up to several days.
Name of the company “Lending Works” explains a lot how you earn here through your investment. In fact your investment is borrowing money. If you decide to lend money for up to 3 years then your interest rates will be 5%. Up to 5 years they will match 6.5%. Those are definitely very decent interest rates. However, please keep on mind that it’s not risk free investment even though nobody lost money since such scheme of individual loans has been launched.
Lending Works refer a friend – how much you can earn?
Please find below working refer a friend link if you couldn’t use above one for any reason:
You may also like:
Kuflink – refer and friend and earn 100£!
Landbay – refer a friend and get 50£ cashback!
Funding Circle – refer a friend and share 100£
Brickowner – 50£ cashback in P2P lending!
Please keep on mind that I’m NOT a financial adviser and you shouldn’t treat above post as any kind of financial advice. This is just my blog where I share my knowledge but I can be wrong while doing so! Also please remember that any financial decision you will make might affect your finances either positively or negatively. Your capital is always at risk when you invest. You should always read T&C (Terms and Conditions) to make sure you know all the rules.