LendSecured Review 2022
Is LendSecured a great platform for P2B lending? Find out in our LendSecured review below:
LendSecured is one of the best P2B lending platforms focusing on secure agricultural loans. On the platform, you can invest in asset-backed loans that yield an average annual return of around 10%. The platform is led by an experienced team within the lending sector. LendSecured is one of the most highly rated platforms on Trustpilot in the P2P lending industry.
It’s free to use the platform.
Last updated: July 21, 2022
At P2PPlatforms.com, we strive to list only the absolute best companies in the P2P industry. Where appropriate, we do also feature our partners. However, this doesn’t influence our evaluations. All opinions are our own.
Introduction to our LendSecured review
Are you considering investing via LendSecured? Then read on. We’ve written this LendSecured.eu review to help investors determine if LendSecured is the right choice for them.
Below you will find an overview of the things that we will discuss more in detail in this LendSecured review. Simply click on the links to jump directly to the thing you want to know more about.
Learn about this in our LendSecured review:
- What is LendSecured?
- Key features
- Who can use LendSecured?
- How safe is LendSecured?
- Our experience with LendSecured
- LendSecured reviews on Trustpilot
- Best LendSecured alternatives
- Conclusion of our LendSecured review
What is LendSecured?
LendSecured is a European crowdfunding platform focused on financing the agricultural sector.
Investors can invest in secure agricultural real estate and grain projects.
The loans have an average LTV (Loan-To-Value) of 37%. They are backed with assets as collateral.
Today, there are over 1,000 registered investors that have trusted LendSecured with over €1,786,448 in combined deposits. This amounts to around €1,746 per user on the platform.
With as little as €50, you can open an account and start investing on https://lendsecured.eu/.
The average annual return on the platform is 9.80%. If you sign up after clicking one of the affiliate links in this LendSecured review, you will get an investment bonus of +1% for 180 days. Click here to get the bonus.
|Loan Period:||6 – 25 Months|
|Loans Funded:||€ 1.500.000 +|
|LendSecured Users:||1.000 +|
|Minimum Investment:||€ 50|
|LendSecured Interest Rate:||9.80%|
How LendSecured works:
LendSecured has a two-sided business model. On the one hand, they have the investors. And on the other hand, they have the borrowers that are seeking funds.
The process works as follows:
- The borrower requests a loan at LendSecured
- If the request is accepted, the business get the loan
- The loan is now made available for investment on LendSecured
- You can now invest in the loan and earn a profit
Frequently asked questions:
We have already taken a look at some of the reasons why LendSecured has become a popular choice among investors. In the following, we take a closer look at some of the key features that make it easy to invest via the platform:
1. LendSecured auto-invest
A key feature that must be mentioned in this LendSecured review is the auto-invest feature. This feature was launched in December 2021 and allows investors to automatically invest in loans that fit certain criteria.
The minimum investment when using the auto-invest feature is €50.
To use a LendSecured auto-invest feature, follow this guide:
- Make sure you have signed up
- Log in to your investor account
- Choose between Basic and Advanced auto-invest
2. LendSecured secondary market
Another great feature is the secondary market, which allows you to sell your investments to other investors. This is very useful if you decide to leave the platform or if you just want to free up some capital.
3. Get a 1% LendSecured bonus without promo code
LendSecured offers an investment bonus of +1% for the first 180 days the new investors that get referred by current investors on the platform.
Click the button below to get the +1% LendSecured bonus (no referral or promo code needed):
Who can use LendSecured?
Both individuals and companies can invest via LendSecured.
If you want to invest as an individual, you must at least meet the following requirements:
- Being at least 18 years old
- Having a Single Euro Payments Area (SEPA) bank account
If you live up to these requirements, then you can start investing via the platform.
It is also possible to invest via LendSecured if you have a company. The same rules apply is for individuals.
LendSecured is available in all the countries that are indicated in the registration list when you sign up. See the list here.
How safe is LendSecured?
To determine if LendSecured is safe, we have taken a look at some of the potential upsides and downsides of investing with LendSecured. However, when you consider the safety of LendSecured, we don’t recommend that you rely solely on information found in our LendSecured review as this is only based on our research. We always recommend that you also do your own research before investing any money.
1. LendSecured profitability
Secured Finance MGMT LTD, the company behind LendSecured, made a profit of €18,137 as stated in their profit or loss account for the year 2020.
The company was also profitable in 2019.
2. Main risks
In the following part of our LendSecured review, we go through some of the main risks of using LendSecured:
Loan default risk
When you invest in P2B loans, there is a risk that the borrower will not be able to repay the loan. In that case, your investment is usually lost.
However, the loans at LendSecured are all asset-backed with quite a low LTV. So in case that in case the borrower can’t repay, the asset will be sold on an auction. Here, the low LTV is important, as this increases the likelihood that the investor will more of the invested amount back in case the asset is auctioned.
You can see how the debt collection process works below:
The best way to hedge against loan default risk is to invest smaller amounts in many different loans, rather than investing large in only a few. Looking for loans with a low LTV is also a good idea.
LendSecured bankruptcy risk
Of course, there is also a risk of LendSecured going bankrupt. Like many other P2B platforms, LendSecured has also taken precautions, should this happen.
For example, all investments are held on a segregated account from LendSecured’s operational account.
Financial turndown risk
As P2P investing is a newer thing in the investment world, it can be difficult to predict how a financial turndown would affect this form of investment. As a starting point, it is, therefore, a really bad idea to invest your entire investment portfolio in P2P investments.
Therefore, many investors also choose to diversify into more traditional forms of investment such as equities, bonds, and traditional real estate.
Since investing is an individual thing, we obviously do not know what will be best for you. But if you put together your investment portfolio, make sure that it reflects your knowledge of the investments in it, as well as your own risk appetite. If in doubt about how to do so, make sure to seek help from a professional investment planner.
Is LendSecured safe?
So far, LendSecured has proved to be a more safe alternative to other P2P lending platforms.
For example, they managed to keep up the return for investors, whilst other platforms struggled.
This indicates that LendSecured is doing a good job at picking borrowers for the marketplace. This is probably a result of an experienced team combined with the type of assets the platform is focused on.
LendSecured has also made measures against its own bankruptcy.
With these things in mind, we believe that LendSecured is among the safer platforms on the market.
However, other factors such as lack of knowledge about how a financial turndown will affect the P2P lending industry are also risk factors that are worth considering.
Our experience with LendSecured
Our overall experience with LendSecured is very positive. When you compare the platform to others on metrics like usability and support, then they are among the better ones. At the same time, we believe that there is a fair balance between risk and reward on the platform.
There is nothing at the moment that is concerning about the platform.
LendSecured reviews on Trustpilot
Trustpilot is a great place to learn what other people think of LendSecured. We have collected some relevant LendSecured reviews from Trustpilot for you to take a closer look at:
Best LendSecured alternatives
Not sure LendSecured is the right choice for you after reading our LendSecured review? Then there are also some good LendSecured alternatives to consider. The following are some of our favorites:
- HeavyFinance (direct LendSecured competitor)
- PeerBerry (consumer lending platform)
- ReInvest24 (real estate crowdfunding platform)
- AxiaFunder (litigation crowdfunding platform)
- Debitum (P2B lending platform)
Even if you use LendSecured, it might actually be a good idea to take a closer look at some of the above platforms. By using multiple platforms, you can reduce your platform risk and diversify your portfolio further.
Conclusion of our LendSecured review
LendSecured is one of the absolute best P2P platforms for agricultural loans.
All the loans are secured with assets. The loans themselves have a low average LTV of around 37%, which means that the loans on the platform are not overly aggressive.
This is probably due to the fact that the platform is led by an experienced team with over a decade of experience in the lending sector.
The annual return on the platform is around 10%, which is fairly good considering the safety on the platform.
LendSecured is also highly rated on Trustpilot, where nearly all reviews are positive. Compared to other platforms in the industry, LendSecured has a much better Trustscore.