Investing in Loans with easyMoney
easyMoney Regular Investment Account and Innovative Finance ISA (IFISA)
We currently offer a P2P Regular investment Account and anInnovative Finance ISA (IFISA)on our p2p online platform. The ISA is a tax-free wrapper around your investments. The Regular Account is taxable. If you wish to invest more than the maximum allowance for the ISA (currently £20,000) you can invest additional funds into your Regular Account.
Please remember you may not get back the full amount you put in. Your capital is at risk if you invest and not protected by the Financial Services Compensation Scheme (FSCS).
When does the interest get paid to me?
Interest is paid on the 15th of each month. You may choose to have the interest paid to your bank account, re-invested into new loans or simply left in your easyMoney account until such time as you decide what you wish to do with the proceeds.
Once I have invested in IFISA, when do I start earning interest?
Your money enters a queue, with other P2P lenders, awaiting a match with P2P borrowers. We aim to invest your portfolio within 30 days, but this is not guaranteed. You will start earning interest as soon as each loan commences.
You can check the status of the loans and your cash position on your ‘My Portfolio’ page.
What levels of return can I expect from my IFISA?
The target return is the interest rate we are currently targeting to achieve on loans in a portfolio. There will typically be periods during which your money will be held in cash before we are able to fully allocate it to loans (known as "cash drag").
This can happen both when you invest initially and once a loan is repaid and we need to re-invest the proceeds. The actual rate of return will also be adversely affected if there are any defaults or if you have to pay tax on the interest you receive.
Any changes to the current target rates will be advertised on our website.
How do I become an easyMoney Investor?
As part of our due diligence process, you will be asked to provide us with some personal details and may need to provide forms of identification such as a valid driving license or passport.
Invest now at easyMoney.com (Capital at Risk)
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All the facts and figures presented are accurate at the time of posting.
easyMoney is not a cash savings account. You may not get back the full amount you put in. Your capital is at risk if you invest. Peer-to-peer investments are eligible for an Innovative Finance ISA which is not a Cash ISA. They are not protected by the Financial Services Compensation Scheme (FSCS). Money invested through easyMoney is concentrated i n property and could be affected by market conditions. For the same reason, instant access cannot be guaranteed. We do not offer investment or tax advice.
easyMoney is the trading name of E-money Capital Ltd, a company incorporated in England & Wales. Registered office is 5 Fleet Place, London, England, EC4M 7RD (Company No. 04861007). E-money Capital Ltd is authorised and regulated by the Financial Conduct Authority (FCA) #231680.