Welendus (now called Fund Ourselves) short-term loans review

Welendus 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.


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 £50 to £500 to be repaid over terms of 21 days to 3 months.

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

How do Welendus loans compare?

Table: promoted deals, sorted by total payable

If you’ve used the Welendus site to get a quote and want to know if you’re getting a fair deal, find out how much a comparable loan might cost you from some popular lenders:

How much do you need to borrow?

How long do you need to borrow for?

Name Product Available Amounts Monthly repayment Total payable Link
Lending Stream Instalment Loan
£50 to £1,500
Representative example: Borrow £200 for 6 months at a rate of 292% p.a. (fixed). Representative 1,333% APR and total payable £386.61 in 6 monthly payments of £64.44.
Savvy.co.uk Personal Loan
£300 to £3,000
Representative example: Borrow £1,000 for 12 months at a rate of 152.33% p.a. (fixed). Representative 352.7% APR and total payable £1,999.92 in 12 monthly payments of £166.66.
The Money Platform Short Term Loan
£250 to £1,000
Representative example: Borrow £500 for 6 weeks at a rate of 255.5% p.a. Representative APR 839.20% and total payable: £647 in 1 payment.
QuidMarket Short Term Loan
£300 to £1,500
Representative example: Borrow £300 for 3 months at a rate of 292% p.a. (fixed). Representative APR 1,301% and total payable: £454.37 in 3 instalments of £151.46.
CASH4UNOW Short Term Loan
£150 to £1,000
Representative example: Borrow £200 for 4 months at a rate of 292% p.a. (fixed). Representative APR 1314% and total payable: £332.00, in 4 payments of £83.00.

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
Savvy.co.uk Personal Loan
The Money Platform Short Term Loan
QuidMarket Short Term Loan
CASH4UNOW Short Term Loan

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.

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, Welendus is unlikely to lend to you. Check out our guide to short-term loans for bad credit

Welendus loans – the key features

Product NameWelendus Short Term Loan
Available Amounts£50 to £500
New customer maximum£500
Loan terms21 days to 3 months
Soft search eligibility check
Instant decision in most cases
Funding speedWelendus 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
LinkMore Info

How does it work?

If you’re considering a Welendus 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. Welendus will perform its own credit check on you based on the information you have provided and will calculate a custom credit score.
  4. Welendus 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 Welendus website.

What are the eligibility requirements?

Welendus states that if you have bad credit history, you will not be eligible for a loan. You must also:

ResidencyUK resident
Minimum age18
Additional eligibility notesYou must have a valid UK bank account.
You must have a good credit score.
LinkMore Info

Changing you loan: Additional borrowing options and early repayment

Repay early at any point
Repaying early can reduce overall interest
Option to extend loan term
Phone number0800 368 9553
LinkMore Info

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 Welendus, 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 moneyadviceservice.org.uk.

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 Welendus

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

Lending Stream Instalment Loan
Lending Stream
(Established 2008)
Instalment loans
QuidMarket Short Term Loan
(Established 2011)
Instalment Loans
The Money Platform Short Term Loan
The Money Platform
(Established 2016)
Peer-to-peer instalment loans
Savvy.co.uk Personal Loan
(Established 2015)
Instalment loans

Compare the cost of payday lenders

Table: promoted deals, sorted by total payable

Frequently Asked Questions

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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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