Lending Works

1254 reviews

9.9% Representative

Will lend between: £1,000 - £25,000

Over: 12 - 60 Months

Representative example: Borrow £1,000 over 12 months at 9.9% APR representative. Monthly repayments of £87.68 and total amount payable of £1052.15. Interest of 4.5% p.a. (fixed) and total fees of £27.50. The rate you are offered may differ from the representative APR shown and will be based on your personal circumstances, loan amount and repayment term.

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Representative 49.9% APR.

Lending Works customer reviews.

1254 reviews

4.9 out of 5 stars

15:45 15-06-2017
ImageSmart Money People

Very good company keep it up well done

shane gericke

Amazing no hassle.
19:49 20-05-2017
ImageSmart 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
ImageSmart 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
ImageSmart 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

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 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.

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.

Written by: Alex


  • No early repayment fees
  • Personalised quote doesn’t affect credit score
  • Ability to make over payments
  • You must not have high levels of unsecured debt, CCJ's or defaults
  • This lender charges late payment penalties

Minimum criteria

  • You must earn at least £14,000 a year
  • You need to be aged 20 or over
  • You must be a UK resident
  • You need to have a UK bank account


  • Maximum APR 9.9%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £15

Lending Works Customer Question & Answers

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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 9.9%, 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.

Applying with Lending Works takes just a couple of minutes, and if successful the money will be in your account within one working day. You can also pay off your loan early anytime, and at no extra cost.

Company information

Registration number: 8302549



60 Gray's Inn Road, London WC1X 8AQ

FCA registration

Reference No: 658315

Trading names: Lending Works, Social Mint

Place of business: 60 Gray's Inn Road, London, WC1X 8AQ

Data protection registration

Registration No: ZA002001

Data controller: Lending Works Limited

Address: 60 Gray's Inn Road, London, WC1X 8AQ

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Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk