Crowdfunder offers chance to lend to Amicus
Crowdfunder offers chance to lend to Amicus

Crowdfunder offers chance to lend to Amicus




Crowdstacker is presenting investors with an opportunity to lend to Amicus Finance.

Crowdstacker is presenting investors with an opportunity to lend to Amicus Finance.

The peer-to-peer lending platform says investors will receive 5.67% annual interest over a term of 18 months.

The loan requires a minimum investment of £1,000 and is available to investors before 6th November at 5.67% - but after that the interest rate will be lowered to 5.43% - and the offer will close on 11th December.

Amicus went through several stages of quantitative and qualitative assessment undertaken by Crowdstacker after it ruled out more than 30 other potential firms because they did not meet its strict lending criteria.

Karteek Patel, CEO of Crowdstacker, said the due diligence process starts where other platforms stop and follows a highly selective approach to the borrowers it accepts on its platform.

“Most of our customers are looking to diversify their investments, but they are also quite cautious and only want to lend to financially solid businesses,” said Karteek.

“Amicus has a top level management team, exposure to a very strong market and has only lost 0.15% of capital on its loans over 6 years. 

“We think that makes Amicus an extremely attractive opportunity for those looking to earn a market-beating return over the next 18 months.”

John Jenkins, CEO of Amicus, added: “By lending to Amicus, investors are provided with an exciting opportunity to receive a market beating return by sharing in our success in the fast growing, short term property lending market. 

“As our loans are secured against property in the same way as a mortgage, and we take personal guarantees from directors, we have an extremely low default rate and therefore can offer investors a high degree of security.”

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