Following the latest review, the P2P platform has updated the projected returns it displays for each lending option and will now show these returns as a range.
Projected returns are the annual returns that a diversified investor could earn after fees and bad debt, but before tax.
- Two banks invest in Funding Circle securitisation
- Funding Circle opens IFIsa to transfers
- Lendy reaches £183m in total repayments to investors
The projected returns for its balanced and conservative lending options are now:
• balanced: 6-7%
• conservative: 5-5.5%
These projected returns only impact new loans made through the platform and will not affect any loan parts that investors currently hold.
Funding Circle will review – and if necessary – update the projected returns every three months.
In May, Funding Circle opened up its IFIsa to existing Isa transfers.
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