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.
Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk.
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.
Peer-to-peer (P2P) platforms work by matching those who want to borrow money with those who have cash to lend. It’s a way of borrowing money without going through the banks, with the idea that as overheads are lower, better rates can be achieved for both borrowers and investors.
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 says you may still be considered – but there’s no guarantee you’ll be accepted. Check out our guide to short term loans for bad credit.
| Product Name | Fund Ourselves (Welendus) Short Term Loan |
|---|---|
| Available Amounts | £100 to £1,500 |
| Representative APR | 1,310.4% |
| New customer maximum | £800 |
| Loan terms | 4 months to 6 months |
| Soft search eligibility check | |
| Instant decision in most cases | |
| Funding speed | Fund Ourselves aims to transfer the money on the same day for applications approved before 10pm. |
| Repayment period options | Monthly |
| Default repayment method | CPA |
| Additional repayment methods | Online payment |
| Repay early at any point | |
| Parent company | PTP Funding Limited |
| FCA registration number | 729238 |
If you’re considering a Fund Ourselves loan, these are the main steps along the way:
A CPA is a recurring payment where you give a company permission to take money from your account on a regular basis. CPAs differ from direct debits because the company can take money from your account whenever it wishes and take payments of different amounts without consulting you. Most short term loan companies use CPAs to collect your repayments. However, you can cancel this at any point by either contacting your provider or bank.
Fund Ourselves states that it will consider your application even if you have bad credit history. Eligibility criteria include the following:
| Residency | UK resident |
|---|---|
| Minimum age | 18 |
| Applicant with CCJs | You must not have had any recent CCJs, IVAs or bankruptcy |
| Additional eligibility notes | You must have a valid UK bank account. You must be Employed and have regular income. |
| Repay early at any point | |
|---|---|
| Repaying early can reduce overall interest | |
| Multiple loans allowed at the same time | |
| Phone number | 0800 368 9553 |
In 2015, the FCA capped interest and fees on all high-cost short-term credit loans at 0.8% per day.
It 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.
Never borrow from a lender that isn’t regulated by the FCA. The FCA register will show you which companies are regulated if you’re not sure. Fund Ourselves is one of the regulated companies listed.
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Fund Ourselves has high ratings on Trustpilot. With over 3,000 reviews (updated December 2025), Fund Ourselves scores 3.7 out of 5 stars, giving it an “Average” rating.
Customers highlight its excellent customer service and quick access to funds.
You can contact Fund Ourselves at 0800 368 9553 or email at hello@fundourselves.com.
If you’ve found yourself in financial difficulty of some kind, then a short term loan from Fund Ourselves could offer a quick, temporary fix. However, it’s a really expensive form of borrowing, and short term loans 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 ask yourself 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, 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 moneyhelper.org.uk.
| Name | Established | Loan types | ||
|---|---|---|---|---|
 |
Fund Ourselves (Welendus) Short Term Loan | 2016 | Peer-to-peer instalment loans | More info |
 |
Creditspring | 2018 | Instalment loans through a membership scheme | More info |
|
Lending Stream | 2008 | Instalment loans | Go to site |
|
Drafty | 2015 | Line of credit | Go to site |
 |
Polar Credit | 2019 | Line of credit | More info |
 |
SteadyPay | 2017 | Instalment loans through a membership scheme | More info |
Creditspring (read review) is a direct lender (not a broker), which offers instalment loans through a membership scheme of up to £1,000 over longer terms of up to 12 months. That's £500 less than Fund Ourselves but with a higher representative APR of 54.6%. With credit membership schemes, you pay a weekly or monthly subscription fee and can then receive low-interest or no-interest loans when needed. You'll need to have been a member for a specified amount of time (often two weeks) before you can borrow money. As with Fund Ourselves, you can repay early at any point.
Creditspring representative example: Total amount of credit £1,000 repayable over 13 months. 12 monthly membership payments of £12. Rate of interest 0% p.a. (fixed). Representative 54.6% APR. The first repayment for each advance is £83.35, due 45 days after drawing, followed by 5 monthly repayments of £83.33. Total amount payable £1,144.
Next up, Lending Stream (visit site) is also a direct lender, which offers instalment loans of up to £1,500 over terms of up to 6 months. That's the same maximum as Fund Ourselves but with a lower representative APR of 1,271%. With instalment loans, you borrow for an agreed amount of time at a fixed interest rate, and pay back a set amount each month until the loan is cleared. You'll know in advance exactly how much your loan will cost and when it'll be cleared. You can repay early at any point.
Lending Stream representative example: Borrow £300 for 6 months at a rate of 292% p.a. (fixed). Representative 1,271% APR and total payable £578.36 in 6 monthly payments of £96.39
Drafty (visit site) is another direct lender, which offers an ongoing line of credit and could let you borrow up to £3,000. That's £1,500 more than Fund Ourselves but with a higher representative APR of 96.2%. A line of credit is a bit like an overdraft or credit card – you get a personalised credit limit and can borrow as much as you like whenever you like within that limit – so it's always available and, once set-up, is fast and convenient.
Drafty Representative Example: Assumed credit limit: £1200. Representative 96.2% APR (variable). Annual interest rate 69.4% (variable).
Polar Credit (read review) is a direct lender which offers an ongoing line of credit and could let you borrow up to £2,000. That's £500 more than Fund Ourselves but with a higher representative APR of 68.7%.
Polar Credit Representative Example: Amount of credit: £1,200, interest rate: 49.9% pa (variable) and 1.65% transaction fee. Representative 68.7% APR (variable)
Finally, SteadyPay (read review) is our last direct lender, which offers instalment loans through a membership scheme of up to £1,000. That's £500 less than Fund Ourselves but with a higher representative APR of 91.25%. You can repay early at any point.
SteadyPay representative example: Total amount of credit of £300. Subscription £90 over 120 days. Representative APR 91.25% and total payable: £390.
If you’re looking for a quick financial fix, payday loans aren’t your only option.
A payday loan gives you the money you need quickly, even if you have bad credit or low income. But which one is best for your situation?