Radical Routes Loan Fund
Radical Routes raises money from the public to lend to its members. Many of our Member Co-ops could not start or develop without the financial support of RR as most conventional banks are not prepared to lend to the kind of projects we aim to support. Over the years we have lent over £1.5 million to member co-ops without any bad debts.
We currently offer lending at 3.5% for new housing co-ops and 6% for other co-ops. This aims to be lower than what other institutions would offer for similar loans. Our rate is variable and depends mainly on the average interest rate we pay to our investors, so it is independent from the fluctuations of the Bank of England base rate.
Our innovative and ethical loan fund is not run for profit and is controlled by its users (the borrowers).
If you want to invest and support our loan fund, check our Invest page. We current offer a return on investment of up to 3%.