new encash social lending service launch will help savers earn high interest, while Bank of England base rate remains at a dreary 0.5%!*

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Bank of England base rate is expected to stay at all-time low until 2015 destroying UK savings. 3 years have already passed since the rate was lowered to 0.5%. Forecasts suggest another 3 years of almost NO interest on savings, which is devastating for savers, who have seen their nest egg deflate due to inflation.* More than £100bn of savers’ moneyin UK bank accounts is earning almost NO interest.* "The launch of new encash social lending service is expected to provide a solid typical reutrn of 8% to investors", said Dr. Chandra Patni, director at

Encash - the social way

The launch of new encash social lending service is expected to provide a solid typical reutrn of 8% to investors.

encash the social way!
With over two years of experience in providing fair, profitable and innovative web-based social lending services, has developed insightful underwriting processes and gained confidence in ensuring great returns for lenders and desirable rates for borrowers.

And shortly, will launch encash social lending service as a great choice for UK savers to make strong annual returns typically above 8% (after fees and defaults) by participating in social lending through unsecured social loans to over 14-millions UK consumer households and SME businesses. On the encash platform, lenders typically lend at rates approximately ranging between 10 to 15% APR depending on individual borrowers’ credit history and scores.

Social lending will become mainstream under the new service brand As a peer-to-peer lending and borrowing platform, the new encashservice will be a social and transparent funding marketplace where lenders and borrowers interact with each other and gain from the best rates on offer.

Who is encash aimed at?
encash members will directly lend to millions of businesses and people who are professional, sound and stable, cutting out banks and other financial intermediaries.

encash lending is aimed at 14 millions middle-income above-average credit-score UK professional households, with good credit history. Typical borrower profile is professionally employed, (for example, nurses, civil servants, teachers, engineers, etc.) with no late payments, no loan defaults and no CCJs in the past two to three years.encash is NOT a substitute for pay-day-loans but a gentle facilitator of lending and borrowing amongst financially stable professionals and businesses.

Check out today, and as it is slated to go live shortly.

Contact details:
PR Contact: Nitasha Jain, Marketing Manager, ext. 402,
Phone: +44 - 871 - 221 - 8410
Checknet House, 153 East Barnet Road, Barnet, EN4 8QZ Limited registered in UK, Registered number is 06785381
YES-secure has received credit licenses from the Office of Fair Trading (Registration Number 631278), and is registered with the Office of the Information Commissioner (Registration Number Z1960081).

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Nitasha Jain
+44 (0)871 221 9510 402
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