Is loanpad.com Legit?

Over a number of years Loanpad has proved to be a reliable investment platform. It has provided me with a reasonable rate of return for an investment which is automated and requires no effort on my part.

You know it’s rare these days that a financial institution just surprises you with an unexpected act of decency. Unlike legacy companies, I didn’t have to ask, they just did the right thing by me. I’ll spare you the details but these guys are really good people. Once I have a little spare to invest, I’ll invest with them again.

What I like about Loanpad is the lower risk nature of my portfolio and the 'hands-off' deployment of funds. Also very highly rated by 4thWay. I think I've left reviews for Loanpad previously and continue to hold them in high regard. Naturally, the lower risk nature of loans means interest rates aren't stellar, but you can't have your cake and eat it! One should always diversify anyway and Loanpad for me forms a core base for my P2P lending.

Solid loan book with sustainable interest rates. Good base P2P loan portfolio with auto diversification. Invest and forget. Steady returns which can be auto reinvested or paid out. No losses in my time. Best rates are on Premium accounts for 60 day access which has always worked for me - unlike some platforms which still pretend they are unable to repay loans (you know who you are….)

I have been with Loanpad for a few years now and find them honest and up front with their information. Their rates may not be the highest but they are based on a sound investment model and are realitivly safe if you want a modest risk that beats everyday banking products.Having grown up in North West London what could be more at home than a small firm based in Colindale?

Having invested heavily in P2P lenders for over 10 years, Loanpad together with Proplend, are my main choices. Loanpad pays interest daily and whilst the rate is not as high as other lenders, the risk is far less. My advice would be to read the analysis on them at 4thWay.

I've had investments with Loanpad for nearly 3 years. I realise that, like all such investments, there is no guarantee. But so far a reliable rate of return at better rates than banks. Platform has worked with no problems. A £5000 withdrawal was accomplished on schedule. When necessary a human has answered queries promptly and intelligently.

Loanpad is a great investment platform for those who want to have stress free returns. It has ISAs, great value and an awesome support team. ALWAYS remind you could loose everything since it's not FSCS covered but nevertheless it is still an awesome platform! Highly recommended

I have used loanpad for over 2 years now. I have been happy with the small amounts to each loan which gives good diversification within the platform. The auto invest feature means that I do not need to invest too much time managing the account personally.

Loanpad is my favourite and in time will be my only investment in P2P. Their model is such that you can leave well alone and the daily interest although not needed is nice to see building up and then invested back into property. The loan to value (currently 42%) is great from a risk perspective and although I know there is risk it is at a lower level than most P2P companies. I transfer funds from another P2P company when funds available and both companies act quickly on the transfers.

Been with Loanpad a good few years now, daily interest better than any bank, you can actually see the interest earned on a daily basis. No problems making withdrawals, money paid back out to your bank in a day or two. First class service, long may it continue.

I have been invested in Loanpad for several years and so far everything has gone smoothly. Loanpad issues regular reports on the status of their loans and they appear to have a solid set of loans on the books. Loanpad doesn't pay the highest interest rate in P2P but it's significantly better than banks and it is received every day without fail.

Have been a peer to peer investor for many years now and several platforms have came and gone.Many I feel are too risky for my appetite also.Like the associated low risk with Loan Pad and decent rates.Everything is done for you from the lending side, transfer money and let the site do the rest.Never had any issus as yet and it's nice to see the daily interest accumulate steadily.

I’ve been investing here for a couple of years and found the web site to be very easy to use. Rates are decent and the risk of capital loss, whilst not negligible, is remote due to LTV’s around 50%. I haven’t withdrawn yet but I would not anticipate a problem in normal conditions.

I have been investing with Loanpad for a number of years, and to date I have found the experience excellent and without fault. When I have made phone contact with them, the staff are friendly and competent. Their profit margin for the investor is not the the highest in this competitive market, but neither is the risk. A good balance for someone who understands 'compounding interest'.I feel completely secure lnvesting my money with Loampad.Well done, and long may it last

I've been using Loanpad for over 6 years and I've been happy with the investment rates the product offers i comparison with the Bank of England base rate. Daily compounded interest has been great to see my portfolio grow.The interface has remained consistent over the period of using the platform which has been comforting while using, but maybe a uplift/refresh would be nice to show some progress with the company.No andriod app as yet, desktop only.

Loanpad is an excellent IFISA and normal savings provider. They give a good interest rate on my savings and have a choice of ISA and non-ISA accounts. I can choose a slightly lower return for fast access to my money or a higher return with a longer access time. I would recommend Loanpad as a reliable route to saving.

Have been investing with Loanpad for a few years, and never had a problem. This is the only P2P I am more or less happy with, as my others (which are still in business) have lent to many people/businesses which are very slow to repay their debts - if at all. I did ask for a 'slice' of my loan back a few months ago (with the 60 day wait) as a test, and this was returned on the correct day, with no fuss. This does not, of course, mean that all the rest of my funds would be returned in a similar fashion, but it was certainly a good omen.

I have been investing in Loanpad for several years now and find it absolutely brilliant in every respect. Not only are the staff all extremely friendly, and transactions processed swiftly, but my personal account is designed in such a meticulous way that I cannot find fault with it. It is so easy to access any information and know, at a glance, how much my funds are earning on a regular daily basis. The fact that the interest compounds is an added bonus! I have invested in other P2P companies in the past, but Loanpad surpasses these. From the point of view of safety, Loanpad is the only P2P company I would invest in now. Thank you, Loanpad!

I have been investing in P2P lending for 10 years. It is my opinion that there are two stand out companies, they are Loanpad and Proplend. For me Loanpad is unbelievably secure with interest paid daily, its extremely flexible with solid returns.