Our spring promotion is here!

Spring has sprung at Funding Circle and to celebrate, we’re running a tablet promotion for all investors.

Spring Promo Hero 2 OFFICIAL (1)

If you lend an additional £10,000+, £20,000+ or £30,000+ to businesses in the next 6 weeks, you will be eligible for one of these brand new devices.

Promotion details

Lend an additional £30,000+ and get an iPad Air 2*

Lend an additional £30,000 or more through Funding Circle by 16th May 2016 and you’ll receive a brand new, shiny and light Apple iPad Air 2!

Or,

Lend an additional £20,000+ and get an iPad mini 2*

Lend an additional £20,000 or more through Funding Circle by 16th May 2016 and you’ll receive a brand new, shiny and beautiful Apple iPad mini 2!

Or,

Lend an additional £10,000+ and get a Kindle*

Lend an additional £10,000 or more through Funding Circle by 16th May 2016 and you’ll receive an Amazon Kindle ereader!

3 steps to qualify for a gift:

1. Log into your investor account and transfer funds

2. Increase your lending by the amounts stated above by Monday 16th May 2016

3. We’ll send you one of these brand new devices for you to enjoy

Top tip: Buying loan parts from other investors on the secondary market is a quick and easy way to increase the amount you have lent to businesses.

Please note, using Autobid is not a guarantee you will lend out the required amount. We’d encourage you to log back in regularly to check on your progress. And remember, by lending to businesses your capital is at risk – diversification is a great way to manage this.

How to make sure you’re eligible

We measure additional lending as the difference between the ‘amount lent’ shown in your Funding Circle investor account on Friday 1st April 2016 at 00:01, to the ‘amount lent’ in the same account on Monday 16th May 2016 at 23:59.

Only one reward per investor and this promotion is not an April Fools’!

If you have any questions about this promotion or how you can qualify, please email us and we’ll be happy to help.

Enjoy lending

The Funding Circle team

*Terms and conditions apply.

 

Jack Pritchett

Senior Communications Manager

 

59 thoughts on “Our spring promotion is here!

  1. May I ask what the specifications would be for the iPads, e.g. 16gb vs, 64gb? Thanks

      • Thank you, Andy. My apology for not having caught that in the T&C. Just out of curiosity, would there be an option to pay extra for a 64gb version? I am keen to put some money to work but a 16gb iPad isn’t of much use.

  2. I agree … a 16gb device is pretty useless so this promotion is of little interest to me.

  3. I agree with the rest, 64gb would really swing it for me over 16gb. If it were 64gb, I would seriously consider investing as my Ratessetter account has just been repaid early and I have not used FC.

  4. Does anyone know how to determine the actual amount that had been lent by a particular date? I can’t figure it out exactly by looking at the statement download.

  5. Say if I am currently lending £12k, do I need to lend another £18k to qualify for the £30k or do I need to lend another £30k, thus bringing my total to £42k?

      • This is correct – you will need to have lent an an additional £30k of lending over the promotional period.

    • I get a feeling that most providers including FC won’t have their ISAs ready by May 16th.

    • ISA accounts will qualify for the offer, however we are still waiting to receive full FCA authorisation before being able to offer an ISA product. Once received we will let you know.

      • I’m pretty sure ISA investments would NOT qualify even if the ISA is ready by 16th May as inducements are not permitted for investing in ISAs. This is also the information I received when I contacted FC directly.

  6. If I lend £30,000 tomorrow, would I receive the IPAD immediately, or would I have to wait until after 16 May?

    • Hi Manjit, we intend to post rewards to Qualifying Investors’ postal address within 30 days of the end of the offer period (16/05/2016).

  7. Hi, I’m injecting over £30k, but I’m really not interested in the iPad, is there a way to have either cash or other things instead? Do we need to warn you before period ends?

    • Hi, thanks for your question. I am afraid we don’t have any alternative prizes to offer, just the prizes advertised. We will look at all investors’ lending over this period so there is no need to warn us if you are taking part.

      • According to your T&C:
        Reward” means for Investors whose Qualifying Lending is:
        a) between £10,000-£19,999 (inclusive), an Amazon Kindle ereader;
        b) between £20,000-£29,999 (inclusive), an iPad mini 2 16Gb Wifi Silver; and
        c) £30,000 or more, an iPad Air 2 16Gb Wifi Silver,
        d) or, in Funding Circle’s discretion, a reward of equivalent value.

        You are saying that “d” was just to be pretty?

        Another question, I have between £500 and £1000 being sold and bought each day, does that money count, or does it need to be fresh money?
        Thanks.

        • Although the T’s and C’s allow us to provide an alternative reward of equivalent value at our discretion, we currently are not offering any alternative prizes as part of the competition.

        • HI Shadowbob, did you get your Apple Air, I injected over £30K and have been offered an iPad mini ! I small a rat…

          • Hi Ketts. Sorry to hear you’re disappointed. Give Funding Circle a call on 0207 401 9111 and we can chat through. Thanks

          • Hi,

            I’ve sent customer service my reasoning and a copy of THEIR email confirming I had exceeded the £30K investment. I will await that WRITTEN response before my next step. It could be a simple mistake if not I will expose the trickery.

          • It sounds more likely to be an honest error either on their part or your part rather than “trickery”.

            The terms and conditions say this btw:
            “additional lending is measured by the difference between the lent funds showing in an Investor’s Funding Circle investor account at the beginning of the Qualifying Period and the lent funds in that account at the end of the Qualifying Period”.

          • Lets hope it is an ‘honest mistake’ I am more than capable of understanding when I have invested more than £30K especially when I asked to make sure I was understanding it correctly and was told I was £5.36 short. My response was to invest another £100 to be sure I more than covered the £5.36. It seems I was sensible to have put all of this in writing. We’ll see what is the case in due course. It’s a shame we are discussing this really, it was a straight forward promotion on the face of it. I did my bit…

          • That was a bit risky to be that short above, because it is 30k lent, that means it has been approved by the borrower, and sometimes that takes weeks, meanwhile you get a lot of early repayments, that represent a few hundred per day, so if you are tight you can miss the goal by just a few ££.
            I hope you get it! Or I hope they can make a gesture if you missed by less than £100.

          • Yes, I was above 30k (I put 35k to be sure), so they did offer me the iPad, but delivery 3 weeks is a bit long… No trick here!

          • Apparently there was a repayment that moved my amount out for loan under £30k. I had no control of this and in any case have the auto lend active. After some discussion they have agreed to swat the apple air. Common sense prevails. It was never the apple air , I’ll be giving it away, it was the principle . I will remain a customer, case closed.

  8. I’m close to unsubscribing from marketing emails as I have got this not once, not twice, not three times but four times now I think. It’s not of interest. If you have £10k to invest, I think the trinket of a £60 Kindle is not appealing and is actually derisory.

    • The products being offered are only the WiFi versions so cannot be used
      as a phone, for any connectivity you would need a local WiFi signal. I
      was planning to increase my FC deposits anyway but offering these lowly
      products seems mean – in terms of real value it is less than a 1%
      cashback.

    • UNSUBSCRIBED. After the FIFTH email – you’ve now lost any ability to market to me. Why do marketers think a sledgehammer is a good approach to engagement?

    • I don’t think it works like that. The terms and conditions say this:
      “additional lending is measured by the difference between the lent funds showing in an Investor’s Funding Circle investor account at the beginning of the Qualifying Period and the lent funds in that account at the end of the Qualifying Period”.

      • Thanks – that is correct, the difference between investors’ lent amount at the beginning, and at the end, of the qualifying period is used to measure additional lending.

  9. Ratesetter offered a free ipad mini 2 recently for an investment of only £3,000, but you guys are asking for £20,000. I think this makes Funcing Circle look pretty poor in relation to the competition.

  10. The products being offered are only the WiFi versions so cannot be used as a phone, for any connectivity you would need a local WiFi signal. I was planning to increase my FC deposits anyway but offering these lowly products seems mean – in terms of real value it is less than a 1% cashback. If the FCA ISA authorisation had been received and if it was possible to add new loans into the ISA wrapper this might have made it more attractive.

  11. A 64gb version is more decent offer. To make a serious investment for a 16gb is not an attractive offer. You can offer a 64 version as an option. One would invest for an ipad that can last not one that is thin on memory specially when going for an Ipad air

  12. I’m sorry but this offer really is quite pathetic, in fact I’d go as far as to say insulting to would be lenders. Think I’ll check out your competitors instead. At least if anyone does really want to invest over £30,000 just for a low spec ipad it’ll help me sell my loans and leave…

    • Why do you react badly to the promotion? It’s free to participate, if you are not happy with it, just ignore it!
      Personally I’m happy to have a free iPad Air, because I was going to invest more than that amount anyway.
      I will sell it anyway because I’m not interested in it.

    • You are investing £30K for the potential returns – the iPad is just a bonus. What do you expect? a new car?

  13. As it happens I might get over the line for one of these ‘prizes’, but only if all my bids go into ‘Lent’ by the 16th. Where a loan I’ve bid for says ‘5 days x hours’ does that mean in 6 days it will be in my lent total? Or are there possible delays or failures that can happen?

    • Hi Richard, when a loan auction ends borrowers have up to five working days in which they can either accept or reject the offer, so it isn’t guaranteed that those bids will be in your lent amount by a certain time. You can purchase loan parts instantly if you feel you might not get over the line by the end of the offer period.

  14. Can a borrower accept an offer as soon as it is fully subscribed, or do they have to wait for the full 7 days?

    • Yes, borrowers are able to accept their offer as soon as it is fully subscribed.

    • Hi, although debit card transfers are instant, any bank transfers sent would not arrive in your account today, so unfortunately you would not be able to qualify for the offer.

Comments are closed.