Open Your Investment Account Today and Start Lending to Small and Medium Sized UK Businesses

Choose Product

Choose
investment amount

Emerald

Short term

Rate of return

3.5%*

12Month

SELECT

Ruby

Medium term

Rate of return

4.5%*

36Month

SELECT

Sapphire

Long term

Rate of return

5.5%*

60Month

SELECT
We are currently NOT accepting any new investments

*Annual rate based on utilisation with no early withdrawal and not assuming reinvestment of returns. Rates are before bad debt and tax. Your returns may be higher or lower as your capital is at risk and not protected under the FSCS. Instant access is not guaranteed.
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Note:

All investment products will be diversified across all available lending products and risk bands. The only difference between investment products are the length of term and the rate of return.


Card Payments -Restricted to a maximum of £15,000 per transaction.

Bank Transfers -No maximum limit.

Fees:

No Fees

No Hidden Charges

Complete Transparency

 

You can withdraw your interest earnings quarterly without any charge.

Early Withdrawal Fee:

If you withdraw your funds before the end of your invesment commitment, you will incur a 0.75% charge on the investment capital being withdrawn.


Please note that early withdrawal will result in an earned interest rate reflective of the duration the funds were in use, rounded down to the nearest whole investment term. Learn More

Open a Lending Account With Formax Credit And Earn a Return Of Up To 5.5%** Annually On Our 60-month Product

No Fees

There are absolutely no fees for lending on the Formax Credit platform.

Minimum Investment

Start investing in UK businesses with as little as £100.

Hassle-free

Your account is fully managed. Once you've selected a product, we will take care of all the arrangements for you.

**Annualised rate is based on utilisation with no early withdrawal and not assuming reinvestment of returns on the 60-month term and before bad debt and tax. Your returns may be higher or lower as your capital is at risk and not protected under the FSCS. Instant access is not guaranteed.

Who Do Formax Credit Lend to?

We solely arrange loans to UK businesses. To ensure a healthy loan book and a sustained growth of our lenders’ investments, we always ensure that all of our eligible borrowers are credit worthy and can fully service and afford the debt that they are taking out. In addition to the credit worthiness, we evaluate the past performance history and the growth potential of the businesses in question.

 

Our principles of responsible lending result in a proportion of loan requests being rejected which results in a very low default rate and a healthier offer to our investors. For loans we approve we undertake detailed assessments and categorise the loan by risk. Please click here to see case studies and to get an understanding of how risk is calculated, please click here.

 

Your investment will be lent out to a range of businesses in different risk categorisation from A+ to E. Applying the sound investment approach of diversification, we will typically, as a rule, spread your investment across at least four loans.

 

As described above, we have detailed, prudent underwriting process. Our approach to lending involves many checks and balances and is not reliant on basic computer-generated evaluations. However borrowers’ circumstances and credit worthiness may change throughout the lifetime of their loan and therefore repayments cannot be guaranteed. In these circumstances we implement ethical arrears and default management processes that are also fully compliant with regulations.

 

To learn more about the terms and conditions of investing with Formax Credit please click here.

Business Loans
Property Loans

(Not yet available)

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How Easy Is It To Open A Lending Account?

Who can invest

Individuals

HNWI (High Net Worth)

Organisations

Institutions

What you will need

A declaration of your source of income, and

Identity documentation to perform
standard Anit-Money Laundering checks

What you have to do

Choose the duration of your investment:
12, 36, 60 months

Choose your investment amount.

CHOOSE YOUR PRODUCT

Your returns may be higher or lower as your capital is at risk and not protected under the FSCS. Instant access is not guaranteed.

Formax is designed to ensure both businesses and investors get the best possible deal, no matter how big or small.

Formax Credit links eligible borrowers with appropriate lenders creating a mutually beneficial agreement between all parties, with low interest rates for our borrowers and competitive returns for our investors.

Register your interest with Formax Credit for an IFISA

Take advantage of the new IFISA which allows you to make tax-free investments up to £20,000 for the 2017/18 tax year.

Read More