Earn stable returns and enable access to education by becoming a lender on Lendwise
You have the opportunity to make a meaningful impact while earning a return – which can be tax free in our Innovative Finance ISA (IFISA) – by becoming a lender with Lendwise.
But what do we mean when we say making a meaningful impact? It means creating a significant social impact by supporting the next generation of students striving for academic excellence to enhance their careers and future prospects. Our loans often serve as the key difference between being stuck in a career rut and the transformative power that education provides.
You can earn up to nine per cent per annum (on average) if you diversify your loans on Lendwise, which on our platform, makes sense to do – there’s an age-old saying about having all your eggs in one basket!
Read more: Lendwise keeps low default rate despite higher course fees
Since we focus on educational loans, funding opportunities typically arise on our platform seasonally. We see more activity in August and September as the academic year starts around September to October each year, and also in November and December as we work with some leading business schools who have a January in-take for their MBA programme.
Therefore, it makes sense for investors to have our AutoLend feature activated, so they can set their parameters, such as loan term, interest rate range or preferred universities they wish to invest in. These parameters continuously work in the background so that when loan repayments come in, any cash in your account is reinvested into loans of your choice.
Read more: Company Focus: Lendwise
In addition to the primary market, we offer an active secondary market where you can acquire loans without incurring additional pricing effects.
For instance, if you initially invested in a loan with a nine per cent net return and a 60-month (five-year) term, and after two years, you wish to free up some cash for another purpose, you have the option to list your investment for sale – whether it’s a portion or the entire amount – and another lender can purchase it from you.
The only charge associated with this process is a one per cent transaction fee applied to the seller of the investment. It’s important to note that only performing loans are eligible for listing on the secondary market; any loans in arrears cannot be placed for sale.
Read more: Lendwise: Education niche protected platform despite headwinds
We’ve been in business for over five years and so there is a lot of detail that can be accessed on our website, including the performance of our loan book and our annual outcomes statement, as well as other useful information such as how to apply diversification in your investment portfolio.
We’re very proud of our track record and the returns we have delivered to our lenders while at the same time helping so many ambitious individuals achieve greater success in life through postgraduate education.
So, if you’re looking for a way to use your money with a real purpose that makes a difference to the next generation while earning a solid return, open an account with Lendwise today.