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RateSetter: Loans reviews

Name: Loans
Rating: 4.93 (14027 reviews)

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4.92

Based on 14,027 reviews, last reviewed 30th Sep 2024

100% decrease in 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

94%

Latest highest rating:

5

Straight forward approval and money in your account... Straight forward approval and money in your account in few minutes Reviewed on: 30th September 2024

Latest lowest rating:

2

Not so helpful After a breach of data protection on there part they are very unhelpful and unwilling to provide the information Im entitled to Reviewed on: 26th July 2023

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About this product

RateSetter lending reviews on Smart Money People help people like you thinking about what life is like as a RateSetter customer to find this out. What is customer service like? Is the online experience quick and simple? You can find this out by reading our RateSetter lending reviews. If you are a RateSetter customer, you can also write your review today!

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RateSetter Loans reviews (14027)

Easy borrowing

Ratesetter have made personal loans really easy to apply for online and offer a great interest rate too! Thank you Reviewed on: 30th April 2016

Feels fishy. Look at the reviews!

My first red flag was seeing an incentive to invest in huge letters on the main page. Why would a good site need to give kickbacks? Then I saw the reviews here were mostly by the same people, one of which even gave a referral address. Referral addresses are a bad sign as it means that users are expected to get money out of other users and not their investments. Two of the positive reviews came from the same guy. Stay away! Reviewed on: 15th April 2016

5/5

Dependable experience. Rates offered for investors are good given risks. Could get more with other sites that feel a bit riskier though. Reviewed on: 25th March 2016

Simple user interface and concise instructions.

I have had my ratesetter loan for a few months. They are completely transparent with what you will pay back, providing a full breakdown of what the loan is made up of including any interest and chargers. They have a user login panel which makes it easy to keep track of the number of payments, balance remaining, aswell as a list of all payments required on the loan. It even lists what the payment is made up of (capital, interest, chargers) so you can see exactly how much your contributing towards the loan. It is simple to over pay the loan. I was a bit dubious at first as i only ever had a loan from a large bank with a branch but ratesetter make this simple and i have full trust in them. Reviewed on: 17th March 2016

Quick and easy

I have just set up an account with Ratesetter and was able to get a competitive loan without any hassle. Ratesetter are very open with the charges and display how the loan is made up in an easy to understand graph. Would highly recommend. Reviewed on: 18th January 2016

Good cashback offer

It doesn't take long at all to set-up an account online and is a way of getting a better savings rate than the banks. Also have a cashback offer. If you lends £1000 they will give you £25 which is a 2.5% bonus! Here's a referral link: http://link.ratesetter.com/v6p3kvw Reviewed on: 19th July 2015

Quick and Easy

RateSetter are really easy to deal with and have been able to offer me a loan at a very competitive rate.It was quick and easy to set up in under 5 mins. Everything was explained in a clear and concise manner.Highly recommended. Reviewed on: 24th April 2015

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