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ChipX community lending

ChipX community lending is our way to help our community earn returns on their money by investing.

Whilst we think investing should accessible to everyone, it’s a serious business, and we want to be responsible. So, before we let you get started, we need to make sure you know what you’re doing.

So, before we let you get started, we need to make sure you know what you’re doing. 

Please read everything carefully

No really, you need to pass a test before you can start investing. 


ChipX community lending uses a peer to peer (P2P) lending model 🙍‍♂️🙍‍♀️

Peer to peer lending matches up people looking to invest their money with people who want to borrow it. Your money will be lent out to borrowers and who repay you with interest. 

Putting money into ChipX community lending is an investment 🏦

This means that your capital is at risk - there is a chance you might not get your money back. It is not the same as the money in your normal Chip account. 

Investments are not protected by the FSCS guarantee

The money you put into ChipX is an investment. The government does not offer compensation for investments under the Financial Services Compensation Scheme (FSCS) like it does for cash deposits.

Your monthly returns depend on borrowers meeting repayments 🗓

The returns on your investment will be paid monthly. You will get at least the interest repayment each month, but the amount of loan that’s repaid will vary. 

You can’t get your money out until borrowers repay their loans 💰

If your money has been lent out, you need to wait until borrowers fully repay their loans, plus interest, before you can get your money back.

Read key features and risk document


Good Stuff

Now for the last step, time to take our test! This is to check if you were reading before 👀