KUFLINK has boosted investors’ rates of return across a number of its products.
The peer-to-peer property lender is now offering annual interest of five per cent for those backing one-year loans, 6.1 per cent for three-year loans and seven per cent for five-year facilities.
The loans can be accessed through Kuflink’s auto-invest accounts and can be held in an Innovative Finance ISA (IFISA) wrapper.
Kuflink is also offering a tiered incentive scheme, whereby customers can earn up to £250 on their first investment or by referring a friend.
Investments of £500 to £999.99 receive £50 cashback, investments ranging between £1,000 and £4,999.99 will receive £100 and more than £5,000 will get £250 cashback.
“Our IFISA celebrated its first birthday earlier this year and it has been a fantastic journey so far, but we always want to keep improving,” Narinder Khattoare (pictured), chief executive of Kuflink, said.
“These rate increases will mean investors earn more than ever with us but what they love about the products will remain the same.”
Kuflink still offers a manual lending option, which currently offers average annual returns of 7.2 per cent.
Kuflink’s loanbook is approaching £30m, across 46,865 loans, with zero losses so far.
Last month it reported that 60 per cent of its opportunities completed in less than a day, with one recent loan completing in just 56 minutes.