MARKETPLACE UPDATES:
138 new members this week | 11 active borrowing requests | £769,620.00 loan demand in last 4 weeks | £82,150.47 available in markets | £55,443.52 Interest earned till date.
| NEW: T&Cs and FAQs have been updated on 18/11/2011
 
How much you want to borrow?

Use the scroll bar to select the amount you wish to borrow. (Illustration)

Select the period of the loan from the options available to view the quote details.
Your loan amount: £ for 12    24    36   months.
Market A*      
APR (Fixed Rate) 10.00% 12.00% 14.00% 16.00%
Repayment Per Month (EMI) £ £ £ £
Total Repayment  £ £ £ £
Lend Your Money


14.5% (Variable) Representative APR for A* 36 months YES-secure market.



How are these rates possible?

Unlike banks, there are no department wise 'mark ups' with YES-secure which could significantly increase your borrowing rates. While banks borrow from people like us at 3.3% (fixed deposit for 1 year), they lend for the same 1 year at approximately 9.4% (personal loan for a home owner).
This difference, called 'Spread', accounts for their department wise mark up (risk, credit etc), bad debt allowance and above all, profits. So honest borrowers and lenders are actually making banks 'too big to fail' even while subsidising defaulters. But, at YES-secure, you meet lenders directly and avoid all these costly overheads.