RateSetter connects lenders who want a better rate on their money with creditworthy borrowers who want a simple, competitive personal loan.

Redefining savings and loans in Australia

RateSetter connects lenders with creditworthy borrowers who want a simple, competitive personal loan. They are excited to be the first and only company in Australia to provide peer-to-peer lending to retail savers and investors.

RateSetter is not a bank. RateSetter is part of a new generation of modern businesses, using technology to replace traditional middlemen and reduce the costs of providing financial services.
They provide a transparent marketplace where lenders and borrowers, empowered by technology, can transact directly and share the benefits.

A peer-to-peer pioneer

The RateSetter group in the United Kingdom was the first peer-to-peer lender globally to introduce the concept of a provision fund to help protect lenders from late borrower payments or default. This innovation represents a significant evolution in peer-to-peer lending.

The money in the Provision Fund in Australia comes from borrowers, and is held on trust by an external trustee. Whilst the Provision Fund is not a guarantee or an insurance product, RateSetter Australia may make a claim on the Provision Fund on behalf of a lender in the event of a late borrower payment or default.

Regulated by ASIC

RateSetter holds an Australian financial service licence number 449176 and an Australian credit licence number 449176.