Loanpad Account Information

Loanpad Account Information

Updated May 1st 2019

 

Detailed Account Information & Screen Shots

 

First Investment    – March 2019

Initial Investment  – £1,500.00

Total Invested        – £1,500.00

Total Return           – £7.26

ROI% (per lender) – 5.00% 

XIRR                       – N/A (not enough data yet)

 

 

See My Full Loanpad Review Here

 

 

Each month I send out an update on all of my Peer to Peer lending accounts. Below are the excerpts specific to Loanpad.    Click here for all lender updates

 

 

April 2019 Monthly Update

 

LOANPAD

See Full Review

Loanpad Account Screenshot for April 2019 Update 1

 

 

 

In April I did an Initial Review of Loanpad. Although it’s early on for my investing experience with Loanpad, I wanted to do the initial review to highlight the research I have been doing on them. Initially Loanpad really does look like they will be a formidable force in the P2P Lending market. See the review for more detailed information, but it’s mainly due to the low LTV’s on ALL of their loans (see screenshot below), plus their loan originators 20% – 60% “skin in the game”. On top of that, both of Loanpads’ accounts have relatively early exit available (immediate on the Loanpad Classic Account, and 60 days notice on the Loanpad Premium Account for free, or immediate exit for a fee of 0.5%).

 

Loanpad Account Screenshot for April 2019 Update 2

 

 

You can also see below how Loanpad pay interest. Every day, the equivalent of 5% per annum is credited to your account. Remember that 5% is the actual rate Loanpad offers. It does not take into account future compounding effects. So, if you reinvest the interest, actual returns should be around 5.3%.

Loanpad Account Screenshot for April 2019 Update 1.1

 

There are no Loanpad cashback offers at present as the investor interest since Loanpad launched has been very good (understandably with the loans they have). I’ll let you know if & when any cashback offers come about.

Should you decide to invest with Loanpad, please use this link for their standard investment accounts so they know I sent you.

Loanpad also enable tax free investing through an ISA so click here if you are interested in reading more about the ISA.

 

 

 

 

 

March 2019 Monthly Update

 

LOANPAD

See Full Review

Loanpad Account Screenshot for March 2019 Update 1

 

New to the lineup this month is Loanpad!

Loanpad are a new lender who are trying to enter the short-to-medium term Peer to Peer investment markets. They offer property development loans and they source their loans through a very experienced third party lender. Loanpad holds the senior position on all of its loans so if a loan goes bad, Loanpad gets first rights. One of the the things that attracted me to them are the low loan-to-value ratios they have on most of their loans. So similar to Kuflink, it would take a real disaster to lose all of my capital. Loanpad pays daily interest which is good if you’re looking for income to live on. Of course if you want to reinvest it, that is always an option too. I decided to invest with them as they are similar to Growth Street as far as short-term offerings.

You can get instant access to your money with a 4% return from Loanpad, which rivals Assetz Capital’s QAA account currently at 4.1%, as well as RateSetter’s Rolling Rate account sitting at around 3.4%. Then the Loanpad 60 day account offers 5% with a 60 day notice to withdraw your money at no cost. You can get it faster in an emergency under normal market conditions for a fee of 0.5%. Just to point out here, the rates they advertise (4% & 5%) are actual rates and do not take in to consideration compounding effects like most lenders advertise, so in theory the rates should be up there with Growth Street on the 60 day account if you reinvest all of your interest and repaid capital for the effect of compounding.

Loanpad Account Screenshot for March 2019 Update 3 Loanpad Account Screenshot for March 2019 Update 2

 

Loanpad Review

I’ll write a full review on Loanpad once I get a bit more experience with them and start to see what their returns actually look like. I believe upon initial investigation Loanpad will be a good, safer diversification option for investors wanting short-to-medium term access to their capital with a very reasonable return.

 

Should you decide to invest with Loanpad, please use this link for their standard investment account so they know I sent you. Loanpad also enable tax free investing through an ISA so click here if you are interested in reading more about the ISA.

There are no cashback offers at present as the investor interest since they launched has been very good. I’ll let you know if & when any cashback offers some about.

 

 

 

 

<<< Return to Full Loanpad Review

 

 

Prior to September 2018, no screenshots were published, however you can still see the full updates below:

Recent Monthly Posts – Detailed Peer to Peer Portfolio Updates

P2P Lending Portfolio Update For April 2019

April was the best month yet for my P2P Lending Portfolio! It finally crossed the £1000 per month income barrier with a return of £1,078.67 in GBP.  I mentioned “in GBP” at the end there because I…

P2P Lending Portfolio Update For March 2019

March 2019 turned out to be another good month for my Peer to Peer Lending Portfolio with a total income of £981.50 the second best month so far

P2P Lending Portfolio Update For February 2019

February 2019 has been another great month for my new P2P Lending Portfolio! £985.78 in monthly income. That doesn’t include lender cashback bonus

P2P Lending Portfolio Update for January 2019

January 2019 has been the best month so far for my new P2P Lending Portfolio! £966.43 in monthly income. That doesn’t include cashback bonus

P2P Lending Portfolio Update for December 2018

December was an interesting month. I decided to exit Zopa and distribute the capital to other lenders. You can read in more detail why I decided to do this further down in the Zopa section of the…

P2P LENDING PORTFOLIO UPDATE – NOV 2018

Peer to Peer Lending Portfolio Update for November 2018 The update for November 2018 is a little late this month. I was away traveling in Spain with some friends for a week so I didn’t get…

P2P Lending Portfolio Update – Oct 2018

Peer to Peer Lending Portfolio Update for October 2018.  Live versions of these charts are always available here.   Overview Portfolio growth is plodding along as expected. A little over £833…

P2P Lending Portfolio Update – Sept 2018

  P2P Lending Portfolio Return Figures for September 2018 We are starting to see some of the loan payments kick in from most of the loans made over the past couple of months. The returns are…

Peer to Peer Lending Portfolio Update for August 2018

    Here are the Peer to Peer Lending Portfolio results for the month of August 2018   Just as a reminder, this was less than half a month returns because of the late update in…

Peer to Peer Lending Portfolio Update for July 2018

  First update & Peer to Peer Lending returns for my newly formed Peer to Peer Lender portfolio.  It’s a little late as I was away from home for a couple of weeks (north of…

July 1st Peer to Peer Lending Portfolio Update & Reset.

Updates from now on will include actual numbers for each lender.   Today is the first post on my reset Peer to Peer Lending Portfolio. I spent June consolidating the portfolio and getting it…

 

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