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Rates climb on Funding Circle
Due to the popularity of Funding Circle with borrowers, the lending rates have continued to rise. Yesterday a large loan just missed 100% funding and for what we believe is the only the second time in Funding Circle's history. Lenders have been able to achieve rates above 13% through this week, and there are many thousands of loan parts up for sale on the secondary market, and even with a 3% mark-up are still offering new lenders an excellent rate.
The cashback offer for Funding Circle is still available, and lenders can benefit from a £40 Amazon voucher if they sign-up. Terms and conditions apply.