We’re changing our interest rates | Weekly Lending Review

Week 43: 24 – 28 October

We regularly review our interest rates, taking into account a number of factors including macroeconomic trends and wider competition in the marketplace. Following our recent review, we’ll be updating our interest rates on Monday 7 November 2016. Read more about the new interest rates in our blog.

Please note the new interest rates will not affect any loan parts you currently hold and there’s nothing you need to do.

New loans available to you

There are currently 5 loan requests on the marketplace, and thousands of loan parts available for you to buy which will help you become diversified.

The total value of new loans listed on the Funding Circle marketplace was £24,867,920, averaging at £79,189 per loan. The largest loan value was £572,260 and the smallest loan value was £5,000.

Business loans available to bid on:

Loan parts available for you to buy:

Gross interest rates are before fees and bad debts. 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 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)

WLR 43 yield

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

Number of listed loans per week

WLR 43 loans listed

Listed loan value per week

WLR 43 loan value

Total amount lent

WLR 43 amount lent

Loan parts available to buy from other investors

WLR 43 loan parts

News you should know

We’ve been included in the Future of Fintech Awards shortlist, which lists the top 10 financial technology companies to watch. Find out more in the FT.

Loans defaulted last week

Clothes shop. Loan 1248. Risk band E

This London business has been running since 2003 and was placed into liquidation in October 2016.

Restaurant. Loan 8813. Risk band C

This Gloucestershire business was established in 2014 and was declared bankrupt in September 2016.

Hairdressers. Loan 18589. Risk band E

This Merseyside business has been running since 2011 and is being placed into liquidation.

Gas mains specialist. Loan 21322. Risk band D

This Glasgow business was established in 2011 and was placed into administration in October 2016.

Digital agency. Loan 11506. Risk band C

This London business has been running since 2009 and is 3 months in arrears.

Building maintenance service. Loan 21193. Risk band C

This West Sussex business was established in 2006 and is 3 months in arrears.

Shop. Loan 6028. Risk band B

This West Midlands business has been running since 2009 and is 3 months in arrears.

Car showroom. Loan 25739. Risk band B

This West Midlands business was established in 2011 and is being placed into liquidation.

Dairy farm. Loan 9228. Risk band B

This County Tyrone business is 3 months in arrears.

Benefits of diversification

Lending to businesses can deliver attractive returns, while helping businesses access the finance they need to grow. However, from time-to-time some businesses will be unable to repay their loan, which is why lending a small amount to lots of different businesses is so important. Watch our 90 second diversification video below to find out more.

Our collections and recoveries team are working to recover the outstanding amounts for all of the loans described above and they will provide you with updates in the loan comments section on your summary page. Read how our collections and recoveries process works (part one and part two) on our blog.

Enjoy lending, the Funding Circle team

Rob McCorquodale