Limited to Cap Lenders’ Bad Debts to its Listed Maximum Average Annualised Net Loss Rate

Share Article, has decided to recompense its lending members for all their lending conducted via its P2P lending platform in 2010 for default rates losses above its Listed Maximum Average Annualised Net Loss Rate published by its website for the specified A* to E Borrower Markets. This step has been taken to provide assurance to the lenders to lend while actual net loss rates are not available on the website since the service was launched 1-month ago. More importantly, it will build up the lenders’ and borrowers’ confidence in as well as other peer to peer lending forums. It is also expected to accelerate affordable and secure personal financing to all credit grades, including the segments sidelined by the traditional lending institutions.

YES-secure Logo, UK’s first truly social networking lending and borrowing web marketplace for the UK consumers, provides secure unsecured loans on low interest rates well below those of your local banks. has listed the maximum average annualised net loss rate it deems potentially acceptable for each YES-secure market. It has decided to extend a guarantee for all lending in 2010 to cap the lenders’ loss if it goes beyond the maximum loss rates published by it for each borrower market. The offer comes with the rider that the lenders have to pay a nominal additional fee of between 1 to 2% to avail this privilege.

The following table encapsulates the maximum average annualised net loss rate set and published by YES-secure on each specified market beyond which it guarantees to cap the lenders’ loss:

YES-secure Borrower Rating: (A* A B C D E)
Maximum Average Annualised Net Loss Rate: A*=4% A=5% B=7% C=9% D=10% E=12%
Additional Lending Fee For Cap to Apply: A*=1% A=1.25% B=1.5% C=1.75% D=2.00% E=2.00%

Hence, if a lender, who has accepted the additional fee for cap to apply, has a net annualised loss greater than the above figures in the table for any of the ratings on which he lends during 2010, YES-secure will cap the loss at the maximum level and any loss above will be paid by Limited.

“With loans already disbursed in its very first month of operations, we are looking forward to attracting active public engagement to make this P2P platform a huge success. Being an essentially community-oriented project, we would like to make our platform more feasible and beneficial to both lenders and borrowers. This offer reiterates our commitment to promote the various YES-secure markets as a platform to provide low cost unsecured loans to the masses,” said Dr Chandra Patni, CEO.

More information regarding YES-secure and its promotional offer can be found at

For more information, please contact
Ms. Mala Chauhan
0871 221 9410 extension 5440 Limited
Checknet House
153 East Barnet Road


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Mala Chauhan
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