"Early days but I am impressed with Loanbook"

Update 18/04/19:
A positive note - the lending dynamics have improved since i posted my first review - my largest individual loan part has about halved and is no longer an issue for me. Loanpad provides an easy to use, diversified, low LTV product which i will continue to use, so I will now be topping up my account.

Original review:
I only opened my Loanpad account recently, however here's what i have found:
I have made several bank transfers into my account and they have all been processed within a few hours.
When moving cash to the premium account, it is quickly allocated / invested.
As the LTV of most loans is very low about 14% to 46% at present, the likelihood of a large capital loss is lower than on many other p2p platforms.
The process is simple - the investment is automatically spread across all loans and is recalculated on a daily basis. This is good for diversification, but not without issues - The loan book is small at the moment, so there are few loans to diversify across, 11 at the moment, but this will improve going forwards.
The main reason i'm limiting my investment at the moment is because the amount going into larger loans is considerably greater than the amount going into smaller loans; this has resulted in my max investment per loan has been reached for those big loans, while the smaller loans are well below my max amount. Consequently, i can't add more money without exceeding the maximum risk i'm prepared to take on any individual loan.
Here's an example to explain what i mean: I have the same percentage of every loan, so i might have £100 invested in a £1000,000 loan but only £10 in a £100k loan. I hope this anomaly will be smoothed out as the loan book grows.
The only other comment is that while interest is paid daily, investments are only made in multiples of £10, so there is a delay before interest is reinvested. A long delay in my case. This does seem to be an unnecessary restriction for an automated process.

I will be adding more funds when i can do so without risking more than my maximum on the large loans.

My recommendation would be to make a small investment and see how much goes into the largest loan, then decide how much extra you can add without risking more per loan than you are comfortable with.

"Fantastic"

Very simple process and what looks to be a great product. Took me minutes to set up the account and then transfer money in via an ISA. Looking forward to using this platform more in the future!

"Excellent"

Excellent. I like the fact that my investments are making me money with minimum effort required from me!

"Easy set up and site very user…"

Easy set up and site very user friendly. All good so far!

"The signing up process was made easy…"

The signing up process was made easy and simple, they have good rates of interest to offer investers. Their plateform is easy and simple to use.

"Excellent"

Excellent ! Would recommend to all.

"Brilliant."

I have nothing but praise for this company I have invested I have withdrawn and it all flows so well.
On withdrawing the speed is outstanding, from clicking the withdraw to it arriving in my bank within minutes.
On my experience so far this is the best PtoP I have invested in and I shall keep adding funds when they are available even at the expense of the others I am invested in.

"Rita"

I have found Loanpad simple to use. I have access to all my transactions and statements and enjoy see my interest grow everyday. And the great part is i can cash out whenever i want. I highly recommend them.

"Would highly recommend"

Excellent response time to questions I’ve raised.

"Early days all good"

Early days all good. Deposits are quick, account assignment is even quicker. Nice, easy to use platform, returns are as expected, every day. My only slight annoyance would be the speed (or lack of) they are adding new loans. The platform launched with 6 available loans and 6 loans pending. The way Loanpad works is your funds are split proportantly (not evenly) over all available loans, this means I have one loan up to my personal comfortable limit while the rest are consequently underfunded. There is now more money on the platform then there is loan balance to assign it to. So I'm starting to wonder why they are not actioning the pending loans at haste to fulfil the healthy demand, which would then mean my loan holdings are diluted and I can top the funds back up.