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ArchOver: Peer to Business Lending reviews

Name: Peer to Business Lending
Rating: 4 (5 reviews)

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3.87

Based on 5 reviews, last reviewed 10th Mar 2023

No new 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

60%

4 star

20%

1 star

Latest highest rating:

5

Excellent Service, Excellent Returns Have been lending with ArchOver for >12 months. Earning between 7-8% and can hand pick which businesses I lend to. Excellent customer service and alwa... Read more Reviewed on: 3rd April 2017

Latest lowest rating:

2

So far so OK Archover are small with an attractive proposition, high rates (6-8%) with the double security of collateral and loan insurance. However the website... Read more Reviewed on: 2nd June 2016

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About this product

ArchOver peer lending reviews on Smart Money People help people like you thinking about what life is like as a ArchOver customer to find this out. What is customer service like? Is the online experience quick and simple? You can find this out by reading our ArchOver peer lending reviews. If you are a ArchOver customer, you can also write your review today!

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ArchOver Peer to Business Lending reviews (5)

Okay

Its risky, but you go in with your eyes open Reviewed on: 10th March 2023

Excellent Service, Excellent Returns

Have been lending with ArchOver for >12 months. Earning between 7-8% and can hand pick which businesses I lend to. Excellent customer service and always available to help both via phone and email. Reviewed on: 3rd April 2017

Easy, and safe - zero defaults and they have a major corporate owner

Love their product - I am lending to UK business and getting a good rate of return. Reviewed on: 1st April 2017

First timer does Peer to peer lending

I would usually shy away from risk but as i am not earning I need to make my savings work for me. I chose Archover and some other P2P lenders due to the ease of use and understanding of the website and the interest rate but also the double security it does offer. It was well recommended and I have so far been impressed by the simplicity it offers. Early days is the only reason i wouldn't rush to recommend to family. Reviewed on: 24th December 2016

So far so OK

Archover are small with an attractive proposition, high rates (6-8%) with the double security of collateral and loan insurance. However the website is simplistic and the back office processes are not connected or real time, all deposits are via direct bank transfer, and to a different account for each loan which is cumbersome. So far no losses have been incurred, so collateral and insurance processes are untested! Only for sophisticated investors. Reviewed on: 2nd June 2016