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Landbay offer 2% cashback
Landbay, one of the newer peer-to-peer companies, are offering 2% cashback on funds lent before 31st July. The interest rate for an A+ loan is currently 4% per annum over 3 year years, which is comparable with Zopa. Their A+ lending rates are a little less than some of the other peer-to-peer companies such as RateSetter and Funding Circle, but Landbay would argue that these loans are secured.
Here is their full statement:
Earn £10 for every £500 added to your account and lent out in the A+ band between now and 31st July 2014.
Landbay is offering our members £10 cashback for every £500 you deposit in your account. This will be added to your account for any funds deposited before 31st July. This offer only applies to funds added and offered to lend out in the A+ risk band*.
*This will not apply to funds offered at rates above our recommended range for A+ lending - currently up to 4.2%. Cashback will be added to your account on the 1st August. Maximum cashback per lender of £500. Cashback will be credited to your Landbay account.