Client Reviews on Lending Loop
Feedback:
Stay away. I would give 0 stars if I could.
Feedback:
Avoid at all cost.
Feedback:
I really hate spammers.
Feedback:
Money stays locked in once deposited, 2 day thinkers. Read the fine print before investing other than that enjoy it's great!
Feedback:
As Kevin shared before me Lending Loop creating a cool platform to invest money, however they aren't protecting the lenders at all, even the response on the review states they do care more about "auto-lending" feature so take money from investors faster, rather than protecting their investments. I have been 2 years with LendingLoop and third of the loans are in default (no matter the risk level, they all are). It's making around 10 percent from my diversified portfolio, however I need to make at least 25-30% to break even on all the defaults. Slowly taking all the money out now after invested 5k over 2 years.You guys can do so much better, so stop focusing on making it easier for the business to get the money. I chose your platform because I thought you are protecting the investors, if not I can lend my money to businesses on the street the same way and hope they will return it.
Feedback:
I've put out about $20,000 into lending loop (as an investor) so far over the past year and a half to test the platform. Very few loans have defaulted, and I've enjoyed a healthy return overall. I intend to put a significant amount of capital into lending loop this year and next year. The platform passed the test with flying colours. Great alternative to other investments -- or better yet, another type of investing to add to a well diversified portfolio...all accounts are held in trust with a Canadian chartered bank, and they're OSC accredited....I feel safe, so should you [and excited]!
Feedback:
Initial contact sales team as always are silver tongued and promise the world. Once you make application things change, constant requests for financial statements with poor requirements means doing the same thing over and over until they get the period they want so they can find a reason to decline. Follow ups with representative go unanswered and process goes on for a while with promises of low rates. I would not use these guys as I had 4 other institutions willing to make offers under the same financial conditions.
Feedback:
I've already had a loan that has defaulted. And it looks like I'm never getting my money back. In case the business is wondering which loan I'm referring too, it's loan ID is 30436. They are essentially selling junk bonds but billing them as "helping small businesses". They don't approve loans to small businesses, under 100K in revenue and have many other requirements.
Feedback:
Great platform .
Feedback:
Great company! Definitely recommend. :)
Email Us
Our team would love to communicate with you and generally responds within 24 hours.
Our Partners
become a partner
