Loanpad Account Information

Loanpad Account Information

 

Excerpt From The Full February 2020 Monthly Update

 

Loanpad

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Loanpad Account Screenshot 1 - Feb 2020 P2P Lending UpdateLoanpad Account Screenshot 2 - Feb 2020 P2P Lending Update

 

 

 

Loanpad are another £20k account now. I increased the account value as I think that 5%+ returns for 60 day liquidity and such low LTV’s on secured assets make them one of the best and safest lenders out there right now.  XIRR came down a bit again from 5.89% in January to 5.79% in February. No complaints here though as the target rate for them is 5%.

The 5% target rate on the Loanpad Premium account is the actual rate you get, not taking in to consideration investing all of the returns for the effects of compounding. As opposed to the AER (Annual Equivalent Rate) given by most other lenders (both Peer to Peer and Banks/Building Societies) which estimates the rate based on all of the interest being invested back in to the account.

I’ve been lending with Loanpad for over a year now and I feel like they are a very good option for investing capital with the best asset protection in the industry. I like their focus on safety and assets with low, low LTV’s (you can see some of them highlighted in the screenshot above). I’m very happy I decided to lend with them early on. I think they are growing fast now and they’ll go on to do great things.

 

Loanpad Signup & Cashback Offers

Loanpad have a great cashback incentive for readers of ObviousInvestor.com if you’re thinking of joining:

  • £50 bonus if you invest into a lending account a minimum of £1,000 within 4 weeks post registration and keep this invested for 365 days.
  • £150 bonus if you invest into a lending account a minimum of £10,000 within 4 weeks post registration and keep this invested for 365 days. 

 

Use this link to signup & qualify for the Loanpad cashback offer >>>

 

 

Excerpt From The Full January 2020 Monthly Update

 

Loanpad

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Loanpad Screenshot 1 - January 2020 Update Loanpad Screenshot 2 - January 2020 Update

 

 

Loanpad XIRR came down a bit from 6.14% in December to 5.89% in January which is right around where it should be. The 5% target rate on the account is the actual rate you get, not taking in to consideration investing all of the returns for the effects of compounding. As opposed to the AER (Annual Equivalent Rate) given by most other lenders (both Peer to Peer and Banks/Building Societies) which estimates the rate based on all of the interest being invested back in to the account.

I’ve been lending with Loanpad for over a year now and I feel like they are a very good option for investing capital with the best asset protection in the industry. I like their focus on safety and assets with low, low LTV’s (you can see some of them highlighted in the screenshot above). I’m very happy I decided to lend with them early on. I think they are growing fast now and they’ll go on to do great things.

 

Loanpad Signup & Cashback Offers

Loanpad have a great cashback incentive for readers of ObviousInvestor.com if you’re thinking of joining:

  • £50 bonus if you invest into a lending account a minimum of £1,000 within 4 weeks post registration and keep this invested for 365 days.
  • £150 bonus if you invest into a lending account a minimum of £10,000 within 4 weeks post registration and keep this invested for 365 days. 

 

Use this link to signup & qualify for the Loanpad cashback offer >>>

 

 

Excerpt From The December 2019 Monthly Update

 

Loanpad

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Loanpad Account Screenshot for December 2019 P2P Lending Update

 

I sent over another £4k to Loanpad in December bringing to total up to the target £15k. You can see by the chart above that this had an immediate effect on income for the month.

Loanpad XIRR jumped in December to 6.14% from 5.86%. I can’t understand why it is so high on a 5% target rate, but I’m not complaining. I thought it might be cashback bonus or affiliate bonuses but I have taken them in to consideration as capital increase so that’s not it. The 5% target rate on the account is the actual rate you get, not taking in to consideration investing all of the returns for the effects of compounding. As opposed to the AER (Annual Equivalent Rate) given by most other lenders (both Peer to Peer and Banks/Building Societies) which estimates the rate based on all of the interest being invested back in to the account.

 

Loanpad Signup & Cashback Offers

Loanpad have a great cashback incentive if you’re thinking of joining:

  • £50 bonus if you invest into a lending account a minimum of £1,000 within 4 weeks post registration and keep this invested for 365 days.
  • £150 bonus if you invest into a lending account a minimum of £10,000 within 4 weeks post registration and keep this invested for 365 days. 

Click here to read more about Loanpad’s cashback offer, or open a Loanpad account >>>

 

 

 

Excerpt from the Full November 2019 Monthly P2P Lending Update

 

November 2019 Monthly Update

 

Loanpad

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Loanpad are doing great and I’m getting more confidence in them as I get to know them better. I sent over another £4k to Loanpad in November. Unfortunately I actually made a mistake by doing this. I had forgotten that I had moved money early in the month from Funding Circle to Loanpad. So when I withdrew capital from RateSetter, I ended up sending another £3k over which put my balance up to £11k. So now I have to withdraw £1k to be at the £10k diversification limit. Oops 🙄

Loanpad XIRR is down a bit in November to 5.86% which is still excellent for a lender who offers 60 day free access to capital.  That return number is on a target return suggested by Loanpad of 5.00%. This is because the Loanpad target rate on the account is the actual rate you get, not taking in to consideration investing all of the returns for the effects of compounding. As opposed to the AER (Annual Equivalent Rate) given by most other lenders (both Peer to Peer and Banks/Building Societies) which estimates the rate based on all of the interest being invested back in to the account.

 

Loanpad Signup & Cashback Offers

Loanpad have a great cashback incentive if you’re thinking of joining:

  • £50 bonus if you invest into a lending account a minimum of £1,000 within 4 weeks post registration and keep this invested for 365 days.
  • £150 bonus if you invest into a lending account a minimum of £10,000 within 4 weeks post registration and keep this invested for 365 days. 

Click here to read more about Loanpad’s cashback offer or open a Loanpad account >>>

Loanpad Account Screenshot for November 2019 P2P Lending Update

 

Visit The Loanpad Website

 

 

October 2019 Monthly Update

 

Loanpad

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Loanpad are still delivering. I keep increasing my investment with them every month and will continue to do so. Excellent “safer” Peer to Peer platform with the ability to access your money either instantly, or in 60 days and get 5%+ on very well secured property assets. I’m leaning more and more to the short term lenders these days as they are offering rates almost as good as the 5 year accounts.

The Loanpad XIRR is at 6.03% for October (down just a bit from September).  That’s on a target return suggested by them of 5.00%. This is because the Loanpad target rate on the account is the actual rate you get, not taking in to consideration investing all of the returns for the effects of compounding. As opposed to the AER (Annual Equivalent Rate) given by most other lenders (both Peer to Peer and Banks/Building Societies) which estimates the rate based on all of the interest being invested back in to the account.

 

Loanpad Signup & Cashback Offers

Loanpad have a great cashback incentive if you’re thinking of joining:

  • £50 bonus if you invest into a lending account a minimum of £1,000 within 4 weeks post registration and keep this invested for 365 days.
  • £150 bonus if you invest into a lending account a minimum of £10,000 within 4 weeks post registration and keep this invested for 365 days. 

Click here to read more about Loanpad’s cashback offer or open a Loanpad account >>>

 

Loanpad Account Screenshot 1 - October 2019 Update

 

 

September 2019 Monthly Update

 

Loanpad

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Loanpad are quickly becoming one of my favorite lenders. I increased my investment again by £1,000 in September. They will be getting a lot more as capital gets freed up from other lenders. My feeling is, if there is a recession coming as the media is touting, the low LTV’s (all under 50%, and some at around 5%) on ALL of their loans will protect capital should loans default. Plus the Kuflink loan originators 20% – 60% “skin-in-the-game” is extra protection that cannot be taken for granted. Just as important is the ability to withdraw capital with just 60 days notice on the premium account and instantly on the classic account.

I’m not 100% convinced there is a recession coming, I think it’s the media over reacting. However if it does happen, having asset secured loans with LTV’s as low as this will be a good move. You’ll note that most of the lenders I use offer good asset security. The ones that don’t (like Zopa and Funding Circle) I’m slowly starting to exit. The exception of course are Lending Works and RateSetter who generally offer consumer unsecured loans, but have well funded provision funds and a history of excellent borrower screening which makes them inherently safer.

The Loanpad XIRR is at 6.20% for September.  That’s on a target return suggested by them of 5.00%. This is because the Loanpad target rate on the account is the actual rate you get, not taking in to consideration investing all of the returns for the effects of compounding. As opposed to the AER (Annual Equivalent Rate) given by most other lenders (both Peer to Peer and Banks/Building Societies) which estimates the rate based on all of the interest being invested back in to the account.

 

Loanpad Signup & Cashback Offers

Loanpad have a great cashback incentive right now:

  • £50 bonus if you invest into a lending account a minimum of £1,000 within 4 weeks post registration and keep this invested for 365 days.
  • £150 bonus if you invest into a lending account a minimum of £10,000 within 4 weeks post registration and keep this invested for 365 days. 

Click here to read more about Loanpad’s cashback offer or open a Loanpad account >>>

Loanpad Account Screenshot - August 2019 Peer to Peer Lending Update 1.1

 

 

August 2019 Monthly Update

 

LOANPAD

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Loanpad Account Screenshot for Peer to Peer Lending Update - August 2019 1

 

I increased my investment in Loanpad again by £2,000 in August. I’m still watching them but I really like the low LTV’s on ALL of their loans (see screenshot below), plus their loan originators 20% – 60% “skin-in-the-game“. Just as important is the ability to withdraw capital with just 60 days notice on the premium account and instantly on the classic account.

The XIRR climbed significantly to 6.56% in August. That’s on a target return suggested by them of 5.00%. This is because the Loanpad target rate on the account is the actual rate you get, not taking in to consideration investing all of the returns for the effects of compounding. As opposed to the AER (Annual Equivalent Rate) given by most other lenders (both Peer to Peer and Banks/Building Societies) which estimates the rate based on all of the interest being invested back in to the account.

That being said, almost 2% above the target rate is more than expected, and I think it has more to do with the large increase in capital and timing. I do not expect that XIRR to be the norm. I’m expecting Loanpad XIRR to settle somewhere around 5.5% realistically, which I will be totally happy with.

 

I know I do this every month but I wanted to once again point out the low LTV loans I’ve been automatically invested in. See below, around 5%? Very unlikely anyone will ever lose any capital with asset security like that.

 

Loanpad Account Screenshot for Peer to Peer Lending Update - August 2019 2

 

If you’re going to invest with Loanpad (which you should definitely consider if you’re building your P2P portfoio). They have a cashback incentive right now – £50 bonus if you invest into a lending account a minimum of £1,000 within 4 weeks post registration and keep this invested for 365 days; or £150 bonus if you invest into a lending account a minimum of £10,000 within 4 weeks post registration and keep this invested for 365 days. 

Click here to read more about Loanpad’s cashback offer.

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

 

 

 

 

 

July 2019 Monthly Update

 

LOANPAD

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Loanpad Account Screenshot for Peer to Peer Lending July 2019 Update 1

 

Loanpad seem to be doing well as a new lender. So much so in fact that I sent over another £500 to them in July. I really like the low LTV’s on ALL of their loans (see screenshot below), plus their loan originators 20% – 60% “skin-in-the-game“.

The XIRR is at 5.60% this month (the same as my Lending Works XIRR). That’s on a target return suggested by them of 5.00%. This is because the Loanpad target rate on the account is the actual rate you get, not taking in to consideration investing all of the returns for the effects of compounding. As opposed to the AER (Annual Equivalent Rate) given by most other lenders (both Peer to Peer and Banks/Building Societies) which estimates the rate based on all of the interest being invested back in to the account.

So, because I’ve been investing all of the interest back in to the account, my XIRR is higher than the Loanpad target rate. 5.60% actual XIRR is darn good for loans with this kind of security.

Loanpad Account Screenshot for Peer to Peer Lending July 2019 Update 3

 

The interest comes in every day. Also Loanpad now have auto-invest which really does make this account a safer, hands off investment account in my opinion.

 

 Loanpad Account Screenshot for Peer to Peer Lending July 2019 Update 2

Loanpad Account Screenshot for Peer to Peer Lending July 2019 Update 4.1

 

If you’re going to invest with Loanpad, they have a cashback incentive right now – £50 bonus if you invest into a lending account a minimum of £1,000 within 4 weeks post registration and keep this invested for 365 days; or £150 bonus if you invest into a lending account a minimum of £10,000 within 4 weeks post registration and keep this invested for 365 days. 

Click here to read more about Loanpad’s cashback offer.

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

 

 

 

 

June 2019 Monthly Update

 

LENDING WORKS

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Lending Works Account Screenshot for June 2019 P2P Lending Update 1

 

 

Lending Works income was back on track this month after a small dip in May. June was the second highest month since the portfolio began at £180.82.

XIRR keeps slowly climbing from 5.33% last month to 5.49% in June. Even Lending Works own target numbers for my account rose a tiny bit once again from 6.19% to 6.20%.

You really can’t go wrong with Lending Works. Great rates with the safety of the best provision fund in the business, the “Lending Works Shield“. There’s a reason they are one of my largest lending accounts with almost £32k invested.

As you can see below in the screenshot, my repaid capital is being reinvested at the 6.5%. I initially got into Lending Works about a year ago at 6.0%, so it’s nice to see the rates climbing steadily as my reinvestment capital gets lent out at the higher rates.

Lending Works Account Screenshot for June 2019 P2P Lending Update 2

 

If you decide to invest with Lending Works (which if you’re getting in to P2P, you probably should consider), they still have the 6.5% available, so if you’re thinking of investing with them, consider doing it sooner rather than later. 

Remember, RateSetter was at 6.7% just a few months ago, now they’re at 5.4% 🙁  

Use this link to get £50 cashback for investing just £1000 with Lending Works (for new investors).

 

 

 

LOANPAD

See Full Review

See Screenshots & Detailed Monthly Updates From My Loanpad Account

Loanpad Account Screenshot for June 2019 P2P Lending Update 1

 

I’m getting more and more comfortable with Loanpad. So much so in fact that I sent over another £1000 to them in June. The more I invest with them, the more it makes me like them a lot. See the Loanpad Review for more detailed information on why, 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“.

Also did you notice the XIRR on Loanpad? It’s at 5.87%! That’s on a target return suggested by them of 5.00%. This is because the Loanpad target rate is the actual rate you get (similar to XIRR) instead of the AER (Annual Equivalent Rate) given by most other lenders (both Peer to Peer and Banks/Building Societies) which estimates the rate based on all of the interest being invested back in to the account. So, because I’ve been investing all of the interest back in to the account, my XIRR is higher than the Loanpad target rate.

Do you see the loan at the bottom of the screenshot below with a 5.76% LTV? Seriously, how are you ever going to lose any money on that loan? Have you ever known any real estate, anywhere, losing 94.24% of it’s value? Especially in a first world country like the UK? That is what would need to occur for you to lose any money on that loan. Even then I’m not including the loan originators first loss “skin-in-the-game” percentage which would take any loss before other lenders on the platform.  Never going to happen in my opinion. And if it did, you’d have a lot more to worry about than your money in Peer to Peer lending accounts. 

On top of that, both of Loanpad’s 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%). If you’re risk averse but still want to make a reasonable return on your capital, you could do a lot worse than Loanpad. I’ll be sending more money over there in weeks to come.

 

Loanpad Account Screenshot for June 2019 P2P Lending Update 3

 

You can see in the screenshot below, interest is being paid back daily in to my lending account, which I then reinvest when it gets to over £10.

 

Loanpad Account Screenshot for June 2019 P2P Lending Update 2

 

If you’re going to invest with Loanpad, they have a cashback incentive right now – £50 bonus if you invest into a lending account a minimum of £1,000 within 4 weeks post registration and keep this invested for 365 days; or £150 bonus if you invest into a lending account a minimum of £10,000 within 4 weeks post registration and keep this invested for 365 days. 

Click here to read more about Loanpad’s cashback offer.

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

 

 

 

May 2019 Monthly Update

 

LOANPAD

See Full Review

Loanpad Returns and Account Screenshot for May 2019 Update 1

 

 

Loanpad is still quite new to me having only been investing with them for a few months now. Already I like them a lot. See the Loanpad 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 Loanpad’s 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

 

 

Interest is paid daily with Loanpad as you can see below. The only thing I’m not 100% happy with is that there is no way to reinvest this interest or repaid capital automatically. I understand that Loanpad are working on a solution for this which should be available soon though.

It’s really not a big deal, you just need to go on to Loanpads website when the interest repaid gets to £10 or over and hit the reinvest button. However it’s the only thing which keeps Loanpad from being almost a 100% hands-off auto-investment.

 

Loanpad Peer to Peer Lending Account Screenshot for May 2019 Update 2

 

Loanpad introduced a new cashback offer! Up to £150 cashback for new investors. Click here for more information on the cashback offer and get the special cashback bonus code.

 

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

 

 

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:

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