Making investing more rewarding

Earn attractive, stable returns of up to 8.0% p.a. with peer-to-peer investing


Start investing with as little as $10 and earn up to 8.0% p.a.

By connecting investors with creditworthy borrowers, we help everyone achieve more with their money.

Over 17,000 registered investors

$500M+ loans originated

100% of principal and interest returned as due

ASIC regulated and licensed to accept all Australian investors

newsworthy personal loans
personal loans worth talking about


When it comes to performance, we’re in a class of our own

Strong, attractive returns

You can earn up to 8.0% p.a. by investing in a portfolio of consumer loans to creditworthy borrowers. We have a 100% track record of delivering all interest and principal due.

Stable asset class

Personal loans, car loans and green loans should not be the sole dominion of large financial institutions. We give everyday Australians the opportunity to enjoy the stable returns offered by investing in this asset class.

Rate, set, match

Our marketplace puts investors in control, allowing you to set your own rates. Simply choose your market, set your rate and get matched to creditworthy borrowers.


The Provision Fund is a unique way to help protect your investment

While we only match investors with loans to creditworthy borrowers, RateSetter offers a unique, additional buffer to help manage risk – the Provision Fund.

Each borrower pays a fee into the Provision Fund, a pool of funds held in cash by a separate trustee. In the event a borrower misses a repayment or defaults on their loan, the Provision Fund can step in to protect investors. Whilst the Provision Fund has a 100% track record of protecting investors, it is not a guarantee.


Provision Fund


Principal and interest
returned as due

Investing is as simple as 1,2,3.


Register with us

Complete your registration online in minutes. You can register individually or as a company or SMSF trustee.

Deposit funds

Transfer in funds

Transfer funds through BPAY or bank transfer. Funds typically arrive the next business day.

Place order

Invest in loans

Choose the lending market you want to invest in, set your rate and get matched with creditworthy borrowers.

You’ve got questions we’ve got answers.

Can I invest with RateSetter?

Individuals, companies and trusts (including SMSFs) can invest with RateSetter.

To invest as an individual with RateSetter, you must have an Australian bank account and be at least 18 years of age.

Before investing you should make sure you read and understand our Product Disclosure Statement.

How do I start investing?

You can register to invest online in just 5 minutes. Once you have registered, you will can transfer funds into your RateSetter account.

Once we have approved your registration, you will be able to select the lending market you wish to invest in, set your rate and have your funds matched with loans to creditworthy borrowers.

For more information about investing, you should see the Product Disclosure Statement.

What are the fees when investing?

Investors are charged an interest margin fee of an amount equivalent to 10% of the gross interest they receive from borrowers. This is charged whenever an interest payment is received. Investors do not earn interest on funds in their holding account, as interest earned on the bank account that holds RateSetter investors’ funds is retained by RateSetter. Management costs also include borrower fees. Read our Product Disclosure Statement for further details.

Importantly, all lending rates displayed on the RateSetter site take into account the fees you are required to pay. The rate you see is the rate you get, subject to a few important assumptions. Learn more about how we calculate and display rates.

Who am I lending to?

We facilitate lending to creditworthy Australian-resident individuals and creditworthy Australian-resident businesses, although the majority of our lending is to individuals rather than to businesses. Our average borrower earns an income of $84,000 and is 40 years old. Borrowers are typically seeking loans for purposes such as consolidating debts, purchasing a car or renovating their home. In our National Clean Energy lending market, borrowers are seeking funds for the purchase and installation of clean energy equipment, such as solar panels and batteries.

At RateSetter, we do the work for you. We carefully examine an applicant’s credit file and circumstances to understand their financial position and ability to repay the loan. Our standards mean that we are not able to assist a large majority of borrowers that submit an enquiry.

RateSetter provides a confidential lending service. The only details you are provided about a loan to whom your funds are matched to is a reference number. All identity, credit, affordability and suitability checking is performed by RateSetter, and is not displayed on our website. However, RateSetter publishes a full loan book that sets out details (including loan amounts, interest rates and purposes) on every loan funded to help you understand more about the profile and performance of our loans.

For more information, you shouldsee the Product Disclosure Statement.

How do we manage credit risk?

RateSetter has a number of measures in place to help mitigate risks to investors. To date all investors have received their principal and interest repayments as due.

RateSetter only funds loans to creditworthy borrowers. Before any borrower is approved for a loan, they undergo a stringent underwriting process performed by inhouse underwriters. Borrowers are identity checked, credit checked and risk assessed. RateSetter only matches investors with creditworthy Australian-resident borrowers. You can view statistics about our credit performance by registering as an investor (this is free and there is no obligation to invest).

In the event that a borrower defaults on their loan, we (or a third party on our behalf) may act to collect overdue payments, including appointing an external collections agency or using available legal remedies, including where appropriate, court action. If a loan is secured, collection actions may include the secured asset being repossessed or sold. RateSetter has the sole discretion to determine what actions if any are taken to recover funds from a borrower.

In addition to our stringent underwriting standards and established collections processes, RateSetter investors may be protected by our unique Provision Fund. In the event of a late payment or borrower default the Provision Fund may compensate investors for loss. The Provision Fund is not a guarantee nor an insurance product, but thanks to the Provision Fund, no investor has lost a cent of principal or interest due to them. Our number one objective is to maintain this track record on an ongoing basis.

Learn more about the Provision Fund


What are the risks associated with peer to peer investing?

As with every investment, investing in the RateSetter Lending Platform is not without risk.

Borrower late payment or default

A borrower or series of borrowers to whom your funds are lent may delay or stop payment on a loan or default on a loan. You may be protected by RateSetter making a claim to the Provision Fund, however, there is no guarantee nor warranty as to any protection from the Provision Fund, and as such you may suffer financial loss as a consequence of borrower late payment or default.

Provision Fund protection

The Provision Fund is not an insurance product and we cannot guarantee or warrant that you will be compensated. RateSetter has discretion as to whether to make a claim and may determine to only make a partial claim or not to make any claim if, amongst other reasons, there are insufficient funds in the Provision Fund to cover all expected claims in relation to existing loans.

If you are not compensated by the Provision Fund in the event of borrower late payment or default, you may benefit from a number of debt collection or recovery processes that RateSetter may undertake, which may or may not recover any funds.

Deposit guarantee

Your investment is not a deposit and does not have the benefit of protection under the Financial Claims Scheme as it may have if it were an amount deposited with an Australian ADI.

Indicative loan term

In the 1 Month Rolling market, your funds may need to remain on loan to a borrower beyond the indicative term. This may occur if, at the end of the indicative term, there are insufficient lender funds available to replace your funds in a loan. This period could be as long as an additional thirty five months.

If your funds in the 1 Month Rolling market are committed to a loan beyond the indicative term, your funds may be returned to your holding account if your investment in the relevant loan is able to be replaced with the funds of a different investor. If your funds are committed for a longer period, you may continue to receive payments and the interest rate should remain the same.

Your investment may also be longer than the indicative term in the event that a borrower or series of borrowers to whom your funds are matched are late in making payment and you are not compensated by the Provision Fund or other collection or recovery efforts.

”Earn up to” rate represents the last matched rate in the 5 Year Income lending market as at 8pm, 17 October 2019. Rates are not set by RateSetter and are subject to supply and demand of borrower and investor funds in each market.

^Rates shown are market rates, displayed on an annualised basis and net of applicable fees as at 7pm, 17 October 2019. Lender rates may assume payments received are continually reinvested at the stated rate and assume your investment is protected by the Provision Fund in the event of any borrower late payment or default, however, there is no guarantee nor warranty as to any protection from the Provision Fund. Fees apply for using early access feature. See the Product Disclosure Statement for details.

*The Provision Fund buffer is the sum of money held in the Provision Fund and the expected Provision Fund future inflows from outstanding loans due over the lifetime of loans, adjusted to reflect expected early repayments, payment holidays and bad debt.

All figures stated represent the RateSetter Lending Platform only unless stated otherwise.

Provision Fund is not a guarantee, capital at risk. Read more about our Provision Fund.