Lendermarket Review: A Regulated Irish P2P Platform for Consumer Loans
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Guarantees & features
- Secured: No
- Regulated: Yes
- Buyback Guarantee: Yes
- Secondary Market: No
- Auto Invest: Yes
- Cashback: No
- Investor Compensation: No
Lendermarket is a peer-to-peer lending platform headquartered in Ireland, regulated as a European Crowdfunding Service Provider by the Central Bank of Ireland. It connects investors with consumer loans issued across Europe and select international markets.
What is Lendermarket?
Lendermarket operates as a marketplace connecting investors with loans from a network of non-bank originators, with one originator historically playing a central role in the platform's loan supply. The platform has been through periods of restructuring, and now operates under a formal ECSP licence.
Key features
- Regulated status: Lendermarket holds an ECSP licence from the Central Bank of Ireland, bringing it under EU-wide crowdfunding rules on transparency and investor protection.
- Buyback guarantee: loans that fall significantly behind schedule are generally repurchased by the originator to protect your principal.
- Auto-invest: you can set your own criteria and let the platform allocate funds automatically.
- Cashback offers: Lendermarket periodically runs cashback promotions for new deposits — check the platform for current terms.
Risk considerations
Lendermarket does not currently offer a secondary market, so funds are committed until a loan matures or is bought back. The platform's loan supply has historically been concentrated around a small number of originators, and it has previously gone through periods of operational disruption — worth researching its current standing before committing a significant allocation, and worth spreading capital across several platforms and originators rather than relying on one alone.
Who is Lendermarket for?
Lendermarket can suit investors comfortable with a platform that has a formal regulatory licence but a more concentrated originator base and a history of operational challenges, as one component — rather than the core — of a diversified P2P portfolio.
Similar platforms
Consumer loans
Consumer loans, Business loans
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