Clean & green
RateSetter, one of the few Australian peer-to-peer (P2P) lenders enabling retail investors to participate in the lucrative consumer and business credit marketplace, is not letting a lack of competition stop it from introducing new initiatives.
Investors in P2P loans enjoy superior returns – think 5% to 8% – compared with bank accounts, including term deposits. But this comes with increased risks, as investors in P2P loans do not enjoy the federal government guarantee over deposits up to $250,000 that covers banks, building societies and credit unions.
RateSetter (ratesetter.com.au) has expanded into clean energy loans, changed the rules for early withdrawals and is improving its educational offering for investors. It also plans to launch an app by the end of the year.
Investors can start with as little as
