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Funding Circle : Peer to Business Lending reviews

Name: Peer to Business Lending
Rating: 2.89 (18 reviews)

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2.98

Based on 18 reviews, last reviewed 22nd Apr 2025

No new 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

11%

33%

17%

11%

28%

Latest highest rating:

4

Easy process, responsible lending They're not the cheapest but certainly not the dearest and the application and funding processes were straightforward. Reviewed on: 6th July 2022

Latest lowest rating:

1

Poor returns and illiquid They move the goal posts regularly with what is allowed / what is happening to your debt. The returns are well below what you woud expect in a reasona... Read more Reviewed on: 5th January 2022

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About this product

Funding Circle peer lending reviews on Smart Money People help people like you thinking about what life is like as a Funding Circle 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 Funding Circle peer lending reviews. If you are a Funding Circle customer, you can also write your review today!

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Funding Circle Peer to Business Lending reviews (18)

Might help people with they bussiness

Might help people with they bussiness Reviewed on: 22nd April 2025

Easy process, responsible lending

They're not the cheapest but certainly not the dearest and the application and funding processes were straightforward. Reviewed on: 6th July 2022

Market leading

Quite good process but decision time impacted by longer SLA’s. Good rates and easy portal. Reviewed on: 27th January 2022

Poor returns and illiquid

They move the goal posts regularly with what is allowed / what is happening to your debt. The returns are well below what you woud expect in a reasonable risk investment product and they charge fees even on defaulted amounts. Reviewed on: 5th January 2022

Total disregard for their investors

Personal guarantees only. Totally worthless in the hands of FC. They are not transparent, they treat investors like dirt. They just give your money away. Don't go near them. Just flush your money down the loo. DD is terrible. "Experts' cant even assess a balance sheet. Reviewed on: 29th July 2021

Loyal customer feeling unloved..

I started lending with funding circle in about 2016, the product was great and the returns as an invest was pretty lucrative. Then they started accepting loads more loan applications and then all the defaults started to happen. Lots of money was being written off as the debt couldn't be paid. I have been trying to get money out for over 18 months now and i have only been able to recoup 1/3 of my total balance so far, my money sitting in there is losing value. I did recommend funding circle to friends and family and they all now have money locked into FC and no idea if or when they might ever get their money back. Such a shame as it's a great concept and idea but excited poorly. Reviewed on: 16th April 2021

Started off well but went bad very quickly

I started lending with funding circle in about 2016, at first it went well as in I was making a little money through interest but as soon as they changed their model in 2018 it went downhill very rapidly, they were lending to anybody who asked them and their due diligence test were a joke, pretty soon they had more defaults than they were letting on, hence they money coming in quickly turned negative and so I tried to sell up but with anything it will take time to get out, hopefully with a couple of pennies in front Reviewed on: 30th April 2020

Poor performance and slow withdrawals!

Been trying to withdraw funds since last July with very little progress made after 6 months. Withdrawing funds because of disappointing performance. Reviewed on: 31st January 2020

OK

They were OK, but really shouldn't have loaned the money. Reviewed on: 9th June 2019

Seems like a great platform.

Ive had a bit of money stashed away for a while and it seems to be making far more in interest than any high street bank. I’ve recommended it to my wife too and she’s put a bit of money aside. Reviewed on: 6th November 2018