LENDING FACILITATED BY THE ARCHOVER PLATFORM HAS RISK
YOUR CAPITAL IS AT RISK AND INTEREST PAYMENTS ARE NOT GUARANTEED IF THE BORROWER DEFAULTS
The following risk warning will help you understand the risks involved when lending across the ArchOver P2P Lending platform.
Important: ArchOver is not a bank. We are not part of the Financial Services Compensation Scheme. When your capital is lent to a borrower it is not covered by the Financial Services Compensation Scheme.
This is a general risk warning. It does not cover all the risks involved. There may be other risks that are relevant to you as a lender or relevant to particular projects on the ArchOver platform.
Lending over the ArchOver platform you are:
- Lending your money direct to UK businesses
- Accepting the risk that businesses you lend to may fail
- Accepting that there is no guarantee that any interest you are expecting will be paid and it may not be paid
- Accepting that there is no guarantee that your capital will be repaid, and you may lose all of the capital you have invested
- Committed to lending for the full duration of the loan; there is no opportunity before maturity to sell your portion of the loan
ArchOver is the provider of the platform on which borrowers advertise for lenders to facilitate their loan requests, and is the administrator of the loans after they have been facilitated.
ArchOver does NOT provide any guarantee of any type that your interest will be paid.
ArchOver does NOT provide any guarantee of any type that the funds you have lent will be repaid.
The ArchOver platform facilitates both secured and unsecured loans over its platform. Secured, Secured & Insured and Secured & Assigned loans offer the most security; with our Research & Development Advance service offering no security at all. The greater the risk, the higher the lender interest earned. For more information, please visit Understanding our Services , Defaults, Recoveries & Losses , General FAQs
As an FCA authorised and regulated business, ArchOver is required to maintain capital at mandated levels. However, there is a risk ArchOver may become insolvent and is unable to continue trading. In this event, the FCA has mandated that we have an alternate who can administer the loans made through to maturity.