About Us
Share My Loan is a loan lender with a difference, providing affordable joint loans to borrowers in the UK. We have grown and developed into one of the more innovative and popular loan lenders in the market today. We’re proud of our pioneering peer-to-peer lending model, which benefits both lenders and borrowers who are looking for more affordable rates than they could maybe get elsewhere.
As with all reputable UK loan lenders, we’re authorised and regulated by the Financial Conduct Authority (FCA). The FCA ensures that we comply with their rules and guidance, that we treat our customers fairly and that we lend responsibly. This means that at Share My Loan we always make sure both borrowers can afford the loan repayments as each borrower will be jointly and individually responsible for the loan. This means that each borrower will be fully responsible for ensuring that the repayments are made until the loan has been paid in full. We take our status as a responsible lender very seriously, and we’re proud to be helping responsible borrowers.
The way we do things is different to other loan lenders, as we use a peer-to-peer model. This means that individuals can lend via our lending platform – obtaining favourable rates in return for their money being lent out to our borrowers. This has been successfully done in other areas of the lending market for some time, and it’s a system which works extremely well for our customers on both sides of the equation.
As well as being an innovative lender, we also pride ourselves in offering loans in an affordable way. High cost short term lenders can have prohibitively extortionate rates and difficult repayment terms. We offer loans of up to £12,500 payable in monthly instalments over 1-5 years depending on the amount borrowed. The monthly payments are split into equal manageable repayments.
For more information about managing your money, how our loans work and what we do, check out our FAQ section here. It’s full of useful information and great ideas for everyone, whether you have applied for a loan from us or not. If you have any questions about our joint loans, the application process, being a joint borrower or lender with us, you can find a lot of answers in our Borrower FAQ section and our Lender FAQ sections. Alternatively, you’re always welcome to contact us directly on 01603 391182, via our Contact Form. Our friendly, knowledgeable team will be happy to answer any queries.