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Proplend reviews

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Rated Poor • 1.75/5

Proplend reviews

Unverified business
Last reviewed within 14 days

Review summary

People rate this company as Poor based on 4 product reviews

Average score of 1.75/5
5 star
25%
4 star
0%
3 star
25%
2 star
0%
1 star
50%
Reviews for Proplend have trended positively over the past 90 days

Latest positive rating

5/5

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, to date no... 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. Read more Read less

{"display":"Richard Mcdougall","full_name":"Richard Mcdougall","avatar":{"url":"\/assets\/uploads\/avatars\/users\/509916.png"}}'s avatar

Latest negative rating

1/5

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... 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. Read more Read less

{"display":"Jennifer","full_name":"Jennifer","avatar":{"url":"\/assets\/uploads\/avatars\/users\/1090637.png"}}'s avatar
See more reviews for Proplend products

About Proplend

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.

Reviews for Proplend

Showing 4 of 4 company reviews • Last reviewed within 14 days

Proplend is to be avoided!

Peer to Business Lending • 21st January 2025

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... 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. Read more Read less

{"display":"Jennifer","full_name":"Jennifer","avatar":{"url":"\/assets\/uploads\/avatars\/users\/1090637.png"}}'s avatar
Rated Terrible • 1/5
Read more product reviews

Lower risk Autoinvest lending

Peer to Business Lending • 27th March 2022

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... 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. Read more Read less

{"display":"Richard Mcdougall","full_name":"Richard Mcdougall","avatar":{"url":"\/assets\/uploads\/avatars\/users\/509916.png"}}'s avatar
Rated Excellent • 5/5
Read more product reviews
  • 1/5

    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... 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. Read more Read less

    {"display":"Mark","full_name":"Mark","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
  • 3/5

    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... 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. Read more Read less

    {"display":"Pollock","full_name":"Pollock","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
    Proplend are low on reviews. Used one of their products? Why not write a review.
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