rebuildingsociety.com
Rebuildingsociety.com is a financial services company based in Leeds, England. They specialize in providing alternative lending options to businesses through their online platform. Their services are similar to those offered by federal credit unions, but with a focus on helping small businesses grow and succeed. Rebuildingsociety.com is committed to providing transparent and fair lending options to their clients.
Introduction to rebuildingsociety.com
Rebuildingsociety.com is a peer-to-peer lending platform that offers an alternative to traditional bank loans. Founded in 2012 in Leeds, England, the company's mission is to connect borrowers with investors and provide a transparent lending process. What makes this company unique is that it focuses on supporting small businesses and offers a community-based approach to lending.Services & products
Rebuildingsociety.com offers a range of financial services, including unsecured business loans, secured business loans, and property development loans. Borrowers can apply for loans ranging from £25,000 to £500,000, with repayment terms of up to five years. Investors can browse projects on the platform and invest as little as £10. The company also provides a secondary market where investors can sell their loan parts to other investors.Location
Rebuildingsociety.com is located in Leeds, in the heart of Yorkshire. The area is known for its vibrant business community, with a mix of startups and established companies. The company is located on East Parade, which is within walking distance of Leeds train station and several bus stops. The closest public transportation options are Leeds train station (0.4 miles), Leeds City bus station (0.3 miles), and Park Row bus stop (0.1 miles).Benefits
Rebuildingsociety.com stands out from other lenders by offering a community-based approach to lending. The company works closely with borrowers to ensure they receive the funding they need to grow their businesses. Investors benefit from the platform's transparency and can choose from a range of loan options to diversify their portfolios. Additionally, the company offers competitive interest rates and flexible repayment terms.Good to know
Customers should be aware that rebuildingsociety.com is not a bank and does not offer deposit accounts. The company is regulated by the Financial Conduct Authority and the Prudential Regulation Authority, which means that it is subject to strict regulations to protect customers.Reviews
Customers have praised rebuildingsociety.com for its friendly and helpful staff, transparent lending process, and competitive rates. Many borrowers have reported that the company has helped them secure funding when traditional lenders turned them down. Investors have also praised the platform for its ease of use and the range of loan options available.Amenities
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online banking -
mobile banking
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loan services
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savings account
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checking account
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investment services
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money transfer services
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online bill pay
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online statements
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secure login
FAQ
What types of loans and credit services are offered by your federal credit union?
As an online peer-to-peer lending platform, we offer various types of loans to both individuals and businesses. These include unsecured loans, secured loans, and asset finance. Additionally, we provide credit services such as credit checks, credit reports, and credit monitoring.
What are the eligibility requirements for becoming a member of your federal credit union?
We are not a federal credit union, but rather an online peer-to-peer lending platform. As such, we do not have traditional membership requirements. However, individuals and businesses must meet certain eligibility criteria in order to apply for a loan through our platform. These criteria include being at least 18 years old, having a UK bank account, and passing our credit and affordability checks.
What fees or charges apply to using your credit union's services?
At rebuildingsociety.com, we do not charge any fees for setting up or maintaining an account. Instead, we charge a one-time fee when a loan is successfully funded. This fee ranges from 3-8% of the total loan amount, depending on the risk rating of the loan. There are no additional charges for early repayments or late payments.
What are the interest rates for savings accounts and loans at your federal credit union?
As an online peer-to-peer lending platform, we do not offer savings accounts. However, the interest rates for loans on our platform vary depending on the risk rating of the loan. Currently, our interest rates range from 8-20% APR for unsecured loans, and 6-12% APR for secured loans. Asset finance loans have interest rates that vary depending on the type of asset being financed.
What online and mobile banking services are available for members of your federal credit union?
As an online peer-to-peer lending platform, we do not offer traditional banking services. However, we do provide a user-friendly online platform that allows borrowers to apply for loans, and investors to fund those loans. Our platform includes features such as loan listings, investment accounts, and automated repayments. Our platform is accessible via desktop and mobile devices, and we also offer a mobile app for iOS and Android devices.