Fund Ourselves

Fund Ourselves (formerly Welendus) loans review

Fund Ourselves provides short-term loans "from the people to the people" – better known as peer-to-peer lending. Its platform matches borrowers in need of fast cash with investors looking for a return on their money.

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Fund Ourselves and Welendus are the trading names for Fund Ourselves Ltd, a fintech company authorised and regulated by the Financial Conduct Authority (FCA). A peer-to-peer lender, it offers short-term loans of £100 to £1,500 to be repaid over terms of 4 months to 6 months.

Warning: Late repayment can cause you serious money problems. For help, go to

Please note: High-cost short-term credit is unsuitable for sustained borrowing over long periods and would be expensive as a means of longer-term borrowing.

Calculate the cost of a Fund Ourselves loan

Table: promoted deals, sorted by total payable
How much do you need to borrow?

How long do you need to borrow for?

Name Product Available Amounts Monthly repayment Total payable Link
Fund Ourselves (Welendus) Short Term Loan
£100 to £1,500
Go to site
More Info
Representative example: Borrow £200 for 121 days at a rate of 211% p.a. (fixed). Representative 505.7% APR and total payable £286.26 in 4 monthly payments of £71.57.

Compare up to 4 providers

Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

We compare payday/short-term loans from

Lending Stream Instalment Loan
The Money Platform Short Term Loan
QuidMarket Short Term Loan
Mr Lender Short Term Loan
Moneyboat Short Term Loan
Fund Ourselves (Welendus) Short Term Loan
CASH4UNOW Short Term Loan

Fund Ourselves mobile site screenshot showing key features

What is “peer-to-peer” lending?

Peer-to-peer (P2P) platforms aim to match creditworthy borrowers and trustworthy lenders who can borrow and lend short-term money directly to one another. The theory goes that by cutting out the big bank in the middle, with all its overheads, online P2P platforms can provide better rates to both borrowers and investors alike.

The Money Platform is another short-term lender using a peer-to-peer model.

Although payday/short-term lenders are typically relatively open-minded when it comes to bad credit, P2P lenders tend to exercise greater caution. If you have bad credit, Fund Ourselves is unlikely to lend to you. Check out our guide to short-term loans for bad credit.

Fund Ourselves loans – the key features

Product NameFund Ourselves (Welendus) Short Term Loan
Available Amounts£100 to £1,500
New customer maximum£800
Loan terms4 months to 6 months
Soft search eligibility check
Instant decision in most cases
Funding speedFund Ourselves aims to transfer the money on the same day for applications approved before 10 pm.
Repayment period optionsMonthly
Default repayment methodDebit card
Additional repayment methodsOnline payment
Repay early at any point
Parent companyPTP Funding Limited
FCA registration number729238
LinkGo to site

Fund Ourselves mobile site screenshot showing loan size slider

How does Fund Ourselves work?

If you’re considering a Fund Ourselves loan, these are the main steps along the way:

  1. Choose the amount you wish to borrow and the term you can afford to pay it back over.
  2. Fill out the simple application form providing your personal, financial and employment details.
  3. Fund Ourselves will perform its own credit check on you based on the information you have provided and will calculate a custom credit score.
  4. Fund Ourselves will provide you with an instant decision, and if you have been approved before 10pm you can expect to receive the money in your bank account on the same day.
  5. Loans are paid by debit card. Alternatively, you can make an early repayment via the Fund Ourselves website.

What are the eligibility requirements?

Fund Ourselves states that it will consider your application even if you have bad credit history. To be eligible you must also:

ResidencyUK resident
Minimum age18
Applicant with CCJsYou must not have had any recent CCJs, IVAs or bankruptcy
Additional eligibility notesYou must have a valid UK bank account.
You must be Employed and have regular income.
LinkGo to site

Changing you loan: Additional borrowing options and early repayment

Repay early at any point
Repaying early can reduce overall interest
Multiple loans allowed at the same time
Phone number0800 368 9553
LinkGo to site

Should I take out a short-term loan?

If you’ve found yourself in financial difficulty of some kind, then a short-term loan could offer a quick, temporary fix. BUT, it’s a really expensive form of borrowing, and what’s more, even the lenders themselves normally admit that their loans simply aren’t the answer for longer-term or regular borrowing, or for people with serious debt problems.

So before you apply for a short-term loan from lenders like Fund Ourselves, it’s crucial to take a moment to ask your self a few things: Is the expenditure you’re planning absolutely essential? Can it be deferred? Have you thought about alternatives to short-term loans? If you’re struggling to pay a bill, then could you try talking to your utility provider to work out a payment plan?

You can find lots of useful information about managing debt and alternatives to short-term loans at the government’s

Did you know?

In 2015 the Financial Conduct authority (FCA) capped interest and fees on all high-cost short-term credit loans at 0.8% per day.

They additionally capped all default charges at £15 and the total cost (interest, fees) of loans at 100% of the original sum. This means you’ll never have to pay more than double the amount borrowed.

Alternatives to Fund Ourselves

Alternatively, here are some other loan companies like Fund Ourselves (Welendus):

NameEstablishedLoan types
Fund Ourselves (Welendus) Short Term Loan Fund Ourselves (Welendus) Short Term Loan 2016 Peer-to-peer instalment loans Go to site
Tappily Tappily 2017 Line of credit More info
Creditspring Membership Creditspring 2018 Instalment loans through a membership scheme Go to site
Lending Stream Instalment Loan Lending Stream 2008 Instalment loans Go to site
SafetyNet Credit Facility SafetyNet Credit 2015 Line of credit More info
Drafty Line of Credit Drafty 2015 Line of credit Go to site
Polar Credit Credit Line Polar Credit 2019 Line of credit More info
SteadyPay SteadyPay 2017 Instalment loans through a membership scheme More info

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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