Proplend Reviews

  Ratings based on 2 reviews       Last review 10 months ago    

Proplend was founded in response to the fallout of the 2008 banking crisis. Proplend makes it possible for interest rates being offered by borrowers to be earned directly by lenders, circumventing the traditional banking system and creating a new...

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Proplend was founded in response to the fallout of the 2008 banking crisis. Proplend makes it possible for interest rates being offered by borrowers to be earned directly by lenders, circumventing the traditional banking system and creating a new asset class. Smart Money People is the place for Proplend reviews. Read and write reviews to help increase trust and transparency in Financial Services.

Overall Rating

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Proplend Products 2

Peer to Business Lending

They will ask for your passport, a few different bank statements and another different utility bills for ID

While you may think that they are very secure by vetting customers, I am suspecting that they ask for overwhelming ID verification to gain personal information more than necessarily. If you want someone easier to work with, don't even think about... Read more

While you may think that they are very secure by vetting customers, I am suspecting that they ask for overwhelming ID verification to gain personal information more than necessarily. If you want someone easier to work with, don't even think about investing with Proplend.

Reviewed on 9th March 2021
Mark's avatar
Mark
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Peer to Business Lending

Allright

In summary my review is neutral, one can't quite say much negative or indeed too positive about Proplend. It does what it says on the tin, but the tin is rather small. Low volume of deals means sophisticated investors seem to be flocking to other... Read more

In summary my review is neutral, one can't quite say much negative or indeed too positive about Proplend. It does what it says on the tin, but the tin is rather small. Low volume of deals means sophisticated investors seem to be flocking to other platforms like LendInvest. It's encouraging to see this happening in the P2P property space, just as it's happened for equity crowdfunding with Seedrs and to a lesser degree Crowdcube.

Reviewed on 12th August 2016
Pollock's avatar
Pollock
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