Fixed interest rate roundup and an interview with a borrower in The Times | Weekly Lending Review

Week 41: 5 – 9 October 2015

Fixed interest rates have been on the marketplace for just over two weeks since launching on Monday 28th September, so we wanted to share some initial insights into the trends we’re seeing on the marketplace which you can read about on the blog.

Thank you to everyone who has provided feedback. If you have any additional questions you can join us on the forum or send us an email:

New loans available to you

There are currently 30 loan requests on the marketplace, and thousands of loan parts available for you to buy.

The total value of new loans listed on the Funding Circle marketplace was £12,277,540 averaging at £75,704 per loan. The largest loan value was £415,000 and the smallest loan value was £5,160.

Business loans available to bid on:

Loan parts available for you to buy:

Your actual return may be higher or lower as by lending to businesses, your capital is at risk.

Weekly marketplace trends

These graphs show the most recent activity on the marketplace. The dates on the graph should be read as ‘week beginning’, for example: 5-Oct represents the week of 5th – 9th October 2015.

The average gross yield graph is reported weekly and shows a rolling two week average of gross yields. This calculation assumes you reinvest your interest each month and therefore includes the compound interest you earn (The calculation is AGY = (1 + (two week rolling weighted average rate/12))^12 – 1). You can view the latest gross interest rates accepted on the marketplace on our statistics page.

Weekly average gross yield (2 weeks rolling)

yield WLR 41

Number of loans, value of loans and amount lent are reported weekly.

Number of listed loans per week

loans listed WLR 41

Listed loan value per week

loan value WLR 41

Total amount lent

Amount lent WLR 41

Loan parts available to buy from other investors

loan parts WLR 41

News you should know

September industry news

The Times interviewed borrower Verto Homes, who are building 21 environmentally friendly family homes in Cornwall, and Funding Circle was ranked No. 1 in Business Insider’s 17 hottest fintech companies in Britain. Read our roundup of last month’s industry news on the blog.

Things we’re talking about

Trick or Treat?

Halloween’s approaching, but don’t be afraid. We’ve put together a list of ideas to make sure your friends and family have a frighteningly good time. Pick your poison on the blog.

Loans defaulted last week

Home insulation specialists. Loan 10851. Risk band A+

This Manchester business has been running since 2003 and is looking to be placed into creditors voluntary liquidation.

Food wholesaler. Loan 1368. Risk band A

This London business was established in 2006 and the borrower has become unresponsive.

Bus service operator. Loan 11003. Risk band D

This Glasgow business has been running since 2010 and ceased trading on 26 July 2015.

Our collections and recoveries team are working to recover the outstanding amounts for all of these loans and they will provide you with updates in the loan comments section on your summary page. Read more about how our collections and recoveries process works on our blog.
Enjoy lending, The Funding Circle Team

Rob McCorquodale