Our mission at Sidekick is to help people grow their wealth over the long-term. We’re here to unlock the products and services typically reserved only for the 1% and make them available to more of us.

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We’ve already launched our Flagship Investment Strategy to enable long-term wealth generation, but to achieve growth it’s important that our users are able to stay invested for the long-term.

In our article ‘The Liquidity Paradox’, we discussed that when someone has a short-term cash need, the liquidity of our Flagship portfolio can be a double-edged sword, with easy access to funds to fulfil their needs, but also the risk of losing out on investment gains.

So we’ve built something that High Net Worth customers already have – a Portfolio Line of Credit (also often called a lombard loan). This enables our users to access funds, which are secured against their investments, and benefit from staying long-term invested.

Please remember, investing should be viewed as longer term. Your capital is at risk — the value of investments can go up and down, and you may get back less than you put in.

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The Sidekick Solution

With a minimum Sidekick Investment of £10,000 you’ll unlock access to our Portfolio Line of Credit.

More details are available in the App and on our website, but at a high level, this product delivers:

• Loans from £1,000 to £60,000
• APR’s ranging from 6% to 8%
• Borrow up to 40% of your investment value
• NO risk based pricing
• NO overpayment, early settlement or late payment fees

All loans are subject to our credit and affordability checks, and can't be used for investment purposes.

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Representative example

6.0% APR Representative APR (fixed). Based on a loan of £10,000 repayable over 24 months (two years) with an interest rate of 6.0% per annum (fixed). Monthly repayment of £443.21 and a total amount repayable of £10,637.04. This representative APR applies to loans of £10,000 to £19,900 over 6 to 30 months. We offer loans from £1,000 to £60,000 with loan terms from 6 to 30 months. The maximum APR rate you could be offered is 8.0%.

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We created our Portfolio Line of Credit with some important things in mind:

No early settlement fees

You can settle your loan at any time without incurring any additional charges.  For example, you take out a £10k loan over 2 years, but after 1 month you want to pay it off - that’s great, you’ll just repay the outstanding balance including any interest accrued up to that point, no penalty interest, no additional fees.

Your home isn’t at risk

It can be difficult to access unsecured loans above £25k and often above this value you’ll need to secure it against your home.  But what if you don’t own a property, or don’t want to secure it against your home?  Securing it against your investment unlocks new potential.

Note: If you miss at least 3 loan repayments and we’re unable to come to a satisfactory repayment agreement, we may use assets in your investment portfolio to pay off the loan balance.

You’ll get a decision within 24 hours

With Sidekick we already know you as a customer, so we’ll only need to ask you a few questions to assess your eligibility.  We’ll be able to give you a decision on your loan and pay-out the funds typically within 24 hours.  A secured loan against your property would take much longer.

Our rates are incredibly competitive

We've done the hard work researching the wider loan market to ensure our lending is incredibly competitive.  Based on our research of unsecured loan rates for major high street brands in March 2024, for loans less than £7k and above £40k, we don’t believe you’ll find many (if any) better than us.  And for loans between these values we’ve made sure that we are highly competitive.  Our APR’s range from 6% to 8%.

We’re always transparent

We are deliberately keeping our pricing simple and transparent with APRs ranging from 6% to 8%.  Unlike many other lenders, the APR is fixed whether you want the loan for 6 or 30 months.  Also, we won’t assess your application and then tell you it’s going to cost more.  What you see in the Sidekick app is the APR that will apply.

You won’t find any hidden fees

We don’t charge any overpayment or early settlement fees.  If you want to know what the cost will be to settle today, it will be the balance plus interest up to that date.  We don’t charge additional interest on top of this.

Also, if you’re having payment difficulties and miss a payment, we won’t charge you a fee.

Get a quote at any time

At any stage, providing you have the required minimum investment, you can carry out a no obligation quote for a loan.  We use soft searches which don’t appear on your credit file and don’t affect your credit score.  We will only record a hard search if you take out a loan with us.

We’re here to help

We have a list of FAQ’s in the Sidekick app and on our website. You can also click on the loan information within the app to find out more. If you want to chat in more detail, you can set up a call with me by selecting the Borrow tile within the app, scroll to the bottom and click ‘Schedule a call with Nick’.