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Mortgage advice and finance firm Squirrel is to stop offering personal loans.
It has stopped accepting new loan appliations and from Monday would not invest in the personal loan investment class.
It said its portfolio would run down naturally as borrowers repaid their loans.
Chief executive David Cunningham said Squirrel started its peer-to-peer lending journey with personal loans.
But over time, almost all of the business had become secured residential mortgages.
"The personal loans portfolio is tiny - $4 million - versus other lending approaching $450 million. Fractionalisation of mortgages via peer-to-peer remains at the core."
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