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Proplend: Peer to Business Lending reviews

Name: Peer to Business Lending
Rating: 2.5 (4 reviews)

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1.75

Based on 4 reviews, last reviewed 21st Jan 2025

No new 5 star reviews

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100% increase in 1 star reviews

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25%

4 star

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50%

Latest highest rating:

5

Lower risk Autoinvest lending Proplend highly regarded by the leading P2P review sites, Autoinvest Tranche A lower LTV first security investment is diversified lower risk option, ... Read more Reviewed on: 27th March 2022

Latest lowest rating:

1

Proplend is to be avoided! Proplend is to be avoided! Their AutoLend mechanism is deeply flawed and annoying to use! Can't just make an investment pledge like any other property... Read more Reviewed on: 21st January 2025

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About this product

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

Proplend Peer to Business Lending reviews (4)

Review of the Proplend, Peer to Business Lending:

Proplend is to be avoided!

Proplend is to be avoided! Their AutoLend mechanism is deeply flawed and annoying to use! Can't just make an investment pledge like any other property lending platform. Can only lend £1K max. which means it is a waste of time. Reviewed on: 21st January 2025

Lower risk Autoinvest lending

Proplend highly regarded by the leading P2P review sites, Autoinvest Tranche A lower LTV first security investment is diversified lower risk option, to date no investor has lost a penny in A ( lower risk). Tranches B and C offer higher rates, LTVs hence higher risks. Investment should be ideally well spread multiple loans the P2P experts do suggest. Proplend are one of the best P2P lenders and seem to have high due diligence on borrowers and rightly so. I have never had any payments missed and platform offers great second market very high demand loans. Reviewed on: 27th March 2022

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 investing with Proplend. Reviewed on: 9th March 2021

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 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