Funding Circle experience

Funding Circle experience

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Client is  looking  to get a loan of £800k over a 10 year period. 

Is Funding Circle most appropriate for this? What is client experience like?

Last year's post -  https://www.accountingweb.co.uk/anyanswers/question/funding-circle

Just want more recent experience. 

Apart from banks are they other options?

Replies (3)

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paddle steamer
By DJKL
02nd Sep 2014 16:18

Are they doing loans of that quantum/ length these days

 

I did lend some money on Funding Circle for a while and the maximum loan was far less than £800k, also the longest term loan i ever made was 5 years. Are they lending at that sort of level (I know they have started lending on property) and for that sort of term?

Thanks (1)
By mrme89
02nd Sep 2014 19:50

You can borrow up to £1m through funding circle, but the maximum length appears to be 5 years.

Thanks (1)
By James420
02nd Sep 2014 21:25

.

5 years would be too short for my client. Will look elsewhere. 

Thanks (0)