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General Terms & Conditions
Effective from: 26 March 2018
Ref: V27.1(HW)

Loan Terms & Conditions
Effective from: 4 October 2018
Ref: V4.1


Summary of updates to our General Terms & Conditions. (last updated 26/03/18)

In the usual way, these amendments will affect all existing and future Borrowers and Lenders.

Note: this is not a list of all changes, but a summary of key changes. We encourage you to please read our updated Terms & Conditions to understand the full changes. Throughout we have sought to clarify clauses and terminology and be more specific.



New position


Easy in / Easy out loan Easy in / Easy out loan no longer available Clause 6
Client Money Addition of section to explain how Client Money is handled Clause 12
IFISA IFISA fee capped Clause 13
Defaults Change to clarify that FOLK2FOLK to recover internal costs where borrower is in default Clause 14.1.3

Previous changes to our General Terms & Conditions:

Changes made to T&Cs (last updated September 2017)
Changes made to T&Cs (last updated January 2017)