Lending rates

We let you set your lending rate.

The people's rate

We think that for too long people have been subject to the whims of banks, and we want to give power and ownership back to the customer.

So that’s exactly what we’re doing. Rather than setting the rates ourselves, we let everyday Australian people and businesses determine the rates in our four transparent lending markets, according to the supply of and demand for money.

More information about our lending markets

Each lending market is defined by its indicative term and repayment profile.
  • 1 Month^

    • Your funds are matched for an indicative term of one month to 6-24 month loans. Loans may be secured or unsecured, or be to individuals or businesses

    • At the end of the one month indicative term you are repaid the principal and interest earned

    • However, your lending commitment may be up to one year if at the end of the indicative term there are insufficient lender funds available to replace your principal. In such circumstances you should continue to receive principal and interest payments until there are sufficient lender funds available to replace your outstanding principal, or until the end of the borrower's loan term

  • 1 Year^

    • Your funds are matched for an indicative term of one year to 18-24 month loans. Loans may be secured or unsecured, or be to individuals or businesses

    • You receive interest payments each month. At the end of the one year indicative term you are repaid the principal and your final interest payment

    • However, your lending commitment may be up to two years if at the end of the indicative term there are insufficient lender funds available to replace your principal. In such circumstances you should continue to receive principal and interest payments until there are sufficient lender funds available to replace your outstanding principal, or until the end of the borrower's loan term

  • 3 Year Income^

    • Your funds are matched to three year loans. Loans may be secured or unsecured, and be to individuals or businesses

    • You commit to lend to RateSetter borrowers for an indicative term of three years

    • You are repaid in up to 36 equal monthly payments comprising principal and interest

  • 5 Year Income^

    • Your funds are matched to four or five year loans. Loans may be secured or unsecured, and be to individuals or business

    • You commit to lend to RateSetter borrowers for an indicative term of five years

    • You are repaid in up to 60 equal monthly payments comprising principal and interest

You may receive your funds back in your RateSetter holding account earlier than anticipated, or you may not receive your funds until after the indicative term. Read our Product Disclosure Statement for more information about indicative terms and repayment profiles.

Frequently asked questions

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