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Proplend reviews

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Rated Average 3.00/5

Proplend reviews

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Review summary

People rate this company as Average based on 3 product reviews

Average score of 3.00/5
5 star
34%
4 star
0%
3 star
33%
2 star
0%
1 star
33%

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

Latest negative rating

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

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 all company 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

Rated Excellent 5/5
Read more product reviews

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

Peer to Business Lending 9th March 2021

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

Rated Terrible 1/5
Read more product reviews
  • 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

    Proplend are low on reviews. Used one of their products? Why not write a review.

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