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We're cutting cost of
borrowing for millions
with hassle free and affordable loans from Friends and Family
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Punk Money is a completely new type of lending platform
Newsflash! We've been managing our money wrong for millennia! We put our money in banks, they lend it to people and they keep all the profit!
At Punk Money we help you cut out the banks and put the power back in your pocket by giving you the power to lend and borrow with people you know.
Earning money by lending, and saving money while borrowing.
Lend and Borrow Money on your terms
We don't set the terms, you do. You choose whether to lend or borrow, and, you choose the rates. 0% for mates if you prefer, but you can also add a little interest to sweeten the deal.
Punk Money will then create the contract and enable automatic repayments, just like you'd get with a traditional bank. We'll even help build your credit score like a bank too.
What does it cost?
Everyone needs to borrow money, but we don’t need to overpay for debt
Our platform unlocks the potential of more than £1 Trillion kept in low interest savings accounts to be used as fair and affordable loans between friends and family groups. Harnessing community and intergenerational wealth to help people and families when they need it most.
Ewan Dickie - Founder & CEO
Frequently Asked Questions
Borrowing or lending money between people you know isn’t easy. You have to agree on the terms, keep up with the payments and rely on the trust you have. We take the hassle out of the loans, giving you your time back and keeping things more secure. Here are some of the reasons you should use us:-It takes the hassle out of lending to people you know -We handle all the paperwork, creating you a legally binding contract-Skip the long applications (no credit checks) -Improves your credit score
When lending your money to friends or family, there is always the risk you could not be paid back. It is up to you to make a decision over whether the person repaying will be trustworthy and will be able to afford the loan in the longer term. Lending on Punk Money keeps things as secure as possible with a legally binding contract that could help you recoup any losses.
Punk Money creates the contracts between the individuals in the loans. We calculate and automate the repayments so that you don't need to worry about reminding the other party to pay and we report on successful repayments to the credit bureaus which will help build your credit score.
Lending money to people can always be a concern and ultimately is it up to you to decide whether the person you are lending to is trustworthy enough to pay you back. If they are then we make everything beyond that point as hassle free as possible so that you can forget about the money and focus on enjoying your friendship. If things do go wrong then you can use the contracts and the information provided by this service to seek legal action against the person involved.
© All rights reserved Punk Money 2022.
Disclaimer
Punk Money Friend & Family lending is not an FCA regulated activity. Lenders and borrowers define and agree to the terms of their loans and should be comfortable with the affordability of the loan before making an agreement.Punk Money is not a lender. Lending and borrowing cannot be done by way of business. Lenders’ capital is at risk. Funds are not protected by the Financial Services Compensation Scheme. Punk Money Limited (FRN 971343) is an Appointed Representative of CLEARFC LTD (FRN 938464) which is authorised and regulated by the Financial Conduct Authority. Punk Money and Punk.Money are registered trademarks and registered trading names of Punk Money Limited: company number 11333365, with registered address: 2nd Floor, National House, 60-66 Wardour Street, London, United Kingdom, W1F 0TA. Late and missed payments can cause you serious money problems, you should talk to the lender about the loan before it becomes an issue. If you have financial problems there is guidance available at moneyadviceservice.org.uk.
© All rights reserved Punk Money 2022.
Disclaimer
Punk Money Friend & Family lending is not an FCA regulated activity. Lenders and borrowers define and agree to the terms of their loans and should be comfortable with the affordability of the loan before making an agreement. Lending and borrowing cannot be done by way of business. Lenders’ capital is at risk. Funds are not protected by the Financial Services Compensation Scheme. Punk Money Limited (FRN 971343) is an Appointed Representative of CLEARFC LTD (FRN 938464) which is authorised and regulated by the Financial Conduct Authority. Punk Money and Punk.Money are registered trademarks and registered trading names of Punk Money Limited: company number 11333365, with registered address: 2nd Floor, National House, 60-66 Wardour Street, London, United Kingdom, W1F 0TA. Late and missed payments can cause you serious money problems, you should talk to the lender about the loan before it becomes an issue. If you have financial problems there is guidance available at moneyadviceservice.org.uk.
© All rights reserved Punk Money 2022.
Disclaimer
Punk Money Friend & Family lending is not an FCA regulated activity. Lenders and borrowers define and agree to the terms of their loans and should be comfortable with the affordability of the loan before making an agreement. Lending and borrowing cannot be done by way of business. Lenders’ capital is at risk. Funds are not protected by the Financial Services Compensation Scheme. Punk Money Limited (FRN 971343) is an Appointed Representative of CLEARFC LTD (FRN 938464) which is authorised and regulated by the Financial Conduct Authority. Punk Money and Punk.Money are registered trademarks and registered trading names of Punk Money Limited: company number 11333365, with registered address: 2nd Floor, National House, 60-66 Wardour Street, London, United Kingdom, W1F 0TA. Late and missed payments can cause you serious money problems, you should talk to the lender about the loan before it becomes an issue. If you have financial problems there is guidance available at moneyadviceservice.org.uk.