Folk2folk Loans Alternative
Loans from £100 to £10,000
- 3 months to 5 years
- 100% online application
- All credit scores welcome to apply
- Paid in as fast as 10 minutes^

Secure SSL connection
Your application is sent over a secure encrypted network
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk
Rates from 45.3% APR to 1575% APR Minimum Loan Term is 3 months - Maximum Loan Term is 60 months. Representative Example: Borrow £1000 for 24 months. Annual interest rate 70% (fixed). 24 equal instalments of £77.48. Total amount to repay £1,859.52. Representative 97% APR (variable).
*Subject to application being approved by the lender. Not all lenders are able to provide up to £10,000
Rates from 45.3% APR to 1575% APR Minimum Loan Term is 3 months - Maximum Loan Term is 60 months. Representative Example: Borrow £1000 for 24 months. Annual interest rate 70% (fixed). 24 equal instalments of £77.48. Total amount to repay £1,859.52. Representative 97% APR (variable).
*Subject to application being approved by the lender. Not all lenders are able to provide up to £10,000
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk
Loans from £100 to £10,000
- 3 months to 5 years
- 100% online application
- All credit scores welcome to apply
- Paid out in as fast as 10 minutes^

Secure SSL connection
Your application is sent over a secure encrypted network
REPRESENTATIVE 97% APR
Loanski offers competitive interest rates compared to some lenders across the market.
Installment Options
Customize your loan term from 1 month to 60 months putting you in control of your payment plan.
Fast Payouts
You can expect fast payouts sometimes within 10 minutes^
Company Number:
08178576
Company Name:
FOLK2FOLK Limited
Date firm started up business:
14 August 2012
Type of Business:
64999 – Financial intermediation not elsewhere classified
Folk2folk offers the following:
£50,000 – No maximum upper limit
Loan term length:
6 months to 5 years
Previous Business Names:
FOLK TO FOLK LIMITED – 14 Aug 2012 – 19 Apr 2013
Number One Business Centre,
Western Road,
Launceston,
Cornwall,
United Kingdom,
PL15 7FJ
FOLK2FOLK Limited is authorised and regulated by the Financial Conduct Authority also known as the FCA
Payout Time:
In most cases, you will receive your money within 20 minutes of being approved. If you are required to upload any documents as proof of evidence, this may take a little longer but it will usually be within the same day.
Folk2folk Review
FOLK2FOLK is a peer to peer business loan company which helps investors connect with real people cutting out the banks and large loan companies. By doing this they are able to offer lower interest rates because it is direct lending, cutting out the middle man which means there are less fees to pay.
Customers have the choice to either invest or borrow from FOLK2FOLK, they offer both services to their customers.
If you wish to invest you can deposit money with them and lend it out earning a return on your money.
If you wish to only take a business loan with them then you can do this also. The company was started up in 2012 and since then has helped to fund over £336,819,306 business loans!
Investors can invest anything starting from £20,000 and will get a fixed interest rate of 4.5%-9% which is paid monthly. Any investment, of course, comes with a risk but up to this day, there have been no lender losses according to data which is published on their website. There are no fees charged to invest with them, fees only occur if you need to exit your investment agreement early.
Borrowers can borrow amounts for their business starting from £50,000 and have a choice of a loan term between 6 months and 5 years. Interest-only is also available as a loan option.
What is the meaning of Folk2folk?
Folk – NOUN
Informal
Meaning: People in general.
Folk is another name for people and as FOLK2FOLK is a peer to peer lending company it is basically another way of saying people to people or human to human. For a peer to peer lending company, it is a very good and well thought of name.
How the company works:
If you wish to take a business loan with FOLK2FOLK then you can do so by either giving them a call or filling out the form on their website for them to call you.
Once you have done this you will be assigned a business manager who will guide you through what documentation you will need to be able to apply.
You must be the owner of a property which the loan can be secured against. It will take approximately 24-72 hours for you to get approval for your loan.
After you have been approved you will receive a loan letter with your offer, the property in which your loan will be secured against will then be checked.
After this, you will be granted access to your business funds so you can continue with your business as usual.
Repayment method:
Repayment is done monthly. You will also have the option of paying interest only until your business can fund the loan repayments. It is important to discuss all of your options with your business manager so you can decide which is the best choice for yourself.
Do I need a bank account?
FOLK2FOLK does not state on their website information suggesting whether it is mandatory or not to have a bank account, however, it is normally required with most loan companies that you do have a bank because this will be used to run the necessary credit checks. It is essential that you do own property of some sort because your loan will be secured against this.
To be eligible to apply for a loan you must fit the following criteria:
Age
The minimum age for a FOLK2FOLK loan is 18 years of age.
Address information
You will need to enter your address information on your application form along with your address history for the last three years.
ID and Income
When you submit your documentation to FOLK2FOLK you will also need to submit identification and also fill out the information on your income.
The expenditure form will contain information on your monthly income and also all of your monthly outgoings.
This is so that FOLK2FOLK can get a clear view of your finances and establish that you will definitely be able to make your loan repayments.
Penalties
Because FOLK2FOLK is a ‘human to human’ lending company there are heavy consequences to not making your repayments on time.
If you miss payments and default on your account then the discounted interest rate will be replaced by the standard rate which will add extra fees onto your account.
If you continue to fail repaying your loan then the amount which you owe will be recovered against your property by selling it.
If you feel that you are getting into financial difficulty then it is advised that you speak directly to FOLK2FOLK as soon as possible.
They may be able to offer you a solution to your problem.
Reviews
At present, there are no reviews for FOLK2FOLK on Trust Pilot. In fact, Loanski couldn’t really find many published reviews at all about FOLK2FOLK. There are a few on their Facebook page, which all rate them as a good company with good customer service.
Smartpeople.com has 3 reviews on their site for FOLK2FOLK. Two good and one is not so great. The two good reviews rate the company very well stating that they offer very good services with good interest rates.
The one bad review says that there are many hidden fees and it wasn’t until they read their terms and conditions page that they discovered them.
It is always best to check your loan agreement before you sign anything so you can fully understand exactly what you will be repaying.