This is our Interest Cover Fund (“ICF” or “Fund”) policy. It tells you how we operate our ICF and explains the process followed when deciding whether to make a discretionary payment from the ICF. Please read the following carefully to understand our views and practices regarding the ICF and how we will treat it.

If you have any comments on this ICF policy, please email us at


The ICF is a ring-fenced fund designed to maintain your daily interest payments in the event that any loan repayments are missed. You can see real-time details of this fund on our platform at any time.

The ICF is designed to cover interest payments only (not money you have invested in loans) – and we can’t guarantee that it will cover all interest at all times.

The Interest Cover Fund we offer does not give you a right to a payment so you may not receive a pay-out even if you suffer loss. The fund has absolute discretion as to the amount that may be paid including making no payment at all. Therefore, investors should not rely on possible pay-outs from the Interest Cover Fund when considering whether or how much to invest.


The ICF is held in a separate legal entity, Loanpad Interest Cover Limited (“LICL”). Loanpad Limited has and will continue to provide LICL with a loan under a formal agreement.

This loan is only repayable to Loanpad in the event that the entire book of loans on the Platform have been wound down and there remains a surplus of funds, or as required by law.

The Fund is governed by the common directors of Loanpad Limited. The Fund is only used to cover interest payments during extension and / or recovery periods. LICL considers each request for payment by assessing the loan, the current value of the Fund and the loan portfolio. Once approval is provided, funds are made available to cover interest on the relevant loan.

Investors should be aware that part, or all, of the funds in the ICF may be utilised by an insolvency practitioner in the event Loanpad were to go out of business.


If we change our ICF policy, we will post the changes on this page. If we decide to, we may also notify you via email or the Loanpad Platform.