APR: 5.96% Representative
Loan amount: £1,000 - £25,000
Repayment duration: 12 - 36 Months
OPTIOSCORE 69.3/100 
Time to apply: 02m 04s
Lending Works customer reviews

4.9 out of 5 from 741 customer reviews

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Representative Example: If you borrow £5,000 over 36 months at a Representative rate of 6.0% APR and an annual interest rate of 3.40% (fixed), you would pay 36 monthly instalments of £151.67. The total charge for credit will be £5,460.30 and the total amount payable will be £10,460.30.

Lending Works customer reviews

4.9 out of 5 from 741 reviews


15:45 15-06-2017

via Smart Money People

Very good company keep it up well done

shane gericke

Amazing no hassle.

19:49 20-05-2017

via Smart Money People

Professional service and very quick turn around. Thanks guys. I'll be back.

kristofer james

UK only and bank account required!

19:32 15-04-2016

via Smart Money People

Even though it looks nice and professional, I quickly found out this site is UK only! I wish I had found this out before getting most of the way down the sign up page. It also requires a bank account which is unusual for bitcoin lending sites.

Red Black

Easy loan

13:23 19-03-2016

via Smart Money People

Got an easy loan from LendingWorks. The basic concept is that lenders and borrowers can get better rates which is winning. BUT - truth is that the loan APR is not always better than traditional sources. If you're only borrowing £1k the APR is higher than places like the Post Office! BUT - i've given LendingWorks 5 stars as they are very transparent and I guess they just prefer to have people borrow more money over a longer period.


Our review of Lending Works

Our review by Alex
Written by: Alex
Consumer sentiment


Lending Works offer a competitive representative APR for the peer-to-peer lending market. As with most lenders they use personal circumstances as a method of working out the whether the applicant will be accepted and the interest rate they will be offered. One thing to mention is that unlike other lenders, this process is quite slow. Some can boast instant or at least same day decisions; however, Lending Works take one working day to review before making an offer. Once the applicant has accepted the loan the funds can then take two working days to be visible in your account - if you’re looking for quick credit then Lending Works may not be the best option.

Lending Works also charge a borrower’s fee which is included within the monthly repayment figure and this differs for each customer. It’s worked out using the amount and term of the loan, as well as the level of risk that they attribute to the applicant. Part of this fee is deposited into the Lending Works Shield reserve fund that helps to pay lenders should their borrower fail to make payment. This is fairly common amongst peer-to-peer lenders and just offers the individual lenders security, ensuring a good flow of investment into the business.

Looking at online reviews, Lending Works have received a very positive reception from their customers. Scoring an ‘excellent’ on TrustPilot and an amazing score of 9.6 out of 10, their customers appreciate the polite and helpful staff, efficient service and the lack of hassle. This is also reflected in their OPTIOSCORE where they’ve achieved a very respectable 74.5 out of 100 for consumer sentiment.

Overall verdict: Although they may take longer than some lenders on the market, Lending Works offer a competitive APR and have swarms of satisfied customers. Their website is easy to use and if you don’t mind paying the borrower’s fee (as it’s not upfront), then this peer-to-peer lender could be worth considering.


  • No early repayment fees
  • Decision available within 1 working day
  • No fees or early repayment penalties
  • Personalised quote doesn’t affect credit score
  • Ability to make over payments

Minimum criteria

  • Peer-to-peer style lending can take longer than other types of loan to arrange
  • You must not have high levels of unsecured debt, CCJ's or defaults
  • This lender charges late payment penalties
  • Varying fees dependent on loan amount and term


  • Maximum APR 20.7%
  • Arrangement fee: £188
  • Early repayment fee: £0
  • Late payment fee: £15

About Lending Works

Lending Works offer personal peer-to-peer loans between £1,000 and £25,000 over loan terms ranging between one and five years. Their representative APR is 5.9%, however this may change during the loan application process as Lending Works take into account loan amount, loan term and personal circumstances when deciding the rate of the loan. Their repayments are fixed monthly to help with budgeting. Unlike traditional lenders, peer-to-peer loans aren’t financed by a bank or other type of financial institution, instead the funds are provided by individual investors who in turn receive a return on the money they put forward.

On the website their personalised quote facility takes only minutes and doesn’t leave a mark on your credit score as it’s only a soft search. Lending Works will then review the application and provide a decision within one working day, after that, the loan will be paid into the applicant’s account within two working days. Lending Works don’t charge any fees for overpayments or early settlements and applicants can even change the date of their monthly repayment by simply getting in touch with their customer service team. There is however, a borrower’s fee for taking out the loan.

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