Ukmikk
Member of DD Central
Posts: 452 
Likes: 306
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Loanpad
Apr 23, 2019 11:26:16 GMT
via mobile
Post by Ukmikk on Apr 23, 2019 11:26:16 GMT
Hi IFISAcava Sadly the early bird offer is no longer available as it was limited to the first 100 investors. We do hope to have some bonus offers in time for the new ISA year (2019/2020). Any sign of the bonus offers, would hate to add funds and then miss the bonus (if it happens). ?
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Post by Loanpad on Apr 23, 2019 11:54:39 GMT
Hi puddleduck The offer is for new investors that sign up via an affiliate site such as the one you mentioned and applies equally to new ISA subscriptions or a transfer of existing ISA funds. Once you’ve signed up via the offer, your qualifying investment must be made within 30 days. As the cashback is actually paid by the affiliate sites you must ensure you comply with the relevant affiliate's terms which may differ from site to site. Hmm. So I signed up for the last bonus, but was after the first hundred so missed it. Now as I have already signed up I can't get this bonus. I haven't invested yet any cash yet, perhaps one day there will be a bonus that incentivises me! Hi IFISAcava we can see that is frustrating and if you contact support@loanpad.com we’ll see if anything can be done to get you included in the promotion
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Post by Loanpad on Apr 23, 2019 11:56:12 GMT
Any sign of the bonus offers, would hate to add funds and then miss the bonus (if it happens). ? Hi Ukmikk we do not have any direct offers. However, we do work with some affiliates who offer cashback if you sign up via them. If you search online for loanpad cashback you should find them, for legal reasons we are unable to name individual affiliates
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r00lish67
Member of DD Central
Posts: 2,692
Likes: 4,048
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Post by r00lish67 on Apr 23, 2019 12:05:27 GMT
For those interested, I noted that Loanpad is on both TCB and Quidco, but under different terms. The most significant of which IMV appears to be that both ISA and non-ISA accounts are eligible with quidco, but only ISA accounts are permitted with TCB. Other terms may vary, haven't reviewed exhaustively.
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jester
Member of DD Central
Posts: 175
Likes: 208
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Loanpad
Apr 23, 2019 18:06:49 GMT
via mobile
Post by jester on Apr 23, 2019 18:06:49 GMT
Loanpad : I see on Topcashback you are offering 2% cashback for new investments. I cannot see from the terms and conditions if this applies to ISA transfers? They do mention a 180 day validation period which would allow ample transfer time. I would be looking to transfer from a site that due to a notice period you would not receive funds until August, but I'd be willing to get the ball rolling sooner Thank You Hi puddleduck The offer is for new investors that sign up via an affiliate site such as the one you mentioned and applies equally to new ISA subscriptions or a transfer of existing ISA funds. Once you’ve signed up via the offer, your qualifying investment must be made within 30 days. As the cashback is actually paid by the affiliate sites you must ensure you comply with the relevant affiliate's terms which may differ from site to site. I've been considering your platform and am interested in signing up through this cashback offer on Quidco. However the 30day criteria is concerning as ISA transfer times have been very unreliable for me in the past and this deadline could easily be missed by a process completely out of my control! On other platforms with similar offers, the deadline applied to receiving the instruction for the ISA transfer which is a much fairer way of doing things as this is the only part I can control. Will you stand by the offer if the transfer takes in excess of 30days?
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Post by Loanpad on Apr 24, 2019 8:29:10 GMT
Hi puddleduck The offer is for new investors that sign up via an affiliate site such as the one you mentioned and applies equally to new ISA subscriptions or a transfer of existing ISA funds. Once you’ve signed up via the offer, your qualifying investment must be made within 30 days. As the cashback is actually paid by the affiliate sites you must ensure you comply with the relevant affiliate's terms which may differ from site to site. I've been considering your platform and am interested in signing up through this cashback offer on Quidco. However the 30day criteria is concerning as ISA transfer times have been very unreliable for me in the past and this deadline could easily be missed by a process completely out of my control! On other platforms with similar offers, the deadline applied to receiving the instruction for the ISA transfer which is a much fairer way of doing things as this is the only part I can control. Will you stand by the offer if the transfer takes in excess of 30days? Hi jester if we receive a transfer form within the 30-day period that would qualify. You can email a copy to isa@loanpad.com and we will acknowledge receipt for qualification purposes (but you’ll still need to post the original for us to be able to action the transfer) (We've requested that the terms are made a little clearer to reflect this)
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Loanpad
Apr 24, 2019 12:33:56 GMT
via mobile
Post by gravitykillz on Apr 24, 2019 12:33:56 GMT
Does investment from cash to premium only happen once per day ? I thought i transferred some money but apparently i did not.
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archie
Posts: 1,866
Likes: 1,861
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Post by archie on Apr 24, 2019 12:45:10 GMT
Does investment from cash to premium only happen once per day ? I thought i transferred some money but apparently i did not. I believe all transfers are at midday. You can switch on pending transactions to see if anything is set to move.
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Ukmikk
Member of DD Central
Posts: 452
Likes: 306
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Loanpad
Apr 24, 2019 13:02:00 GMT
via mobile
Post by Ukmikk on Apr 24, 2019 13:02:00 GMT
Hi Ukmikk we do not have any direct offers. However, we do work with some affiliates who offer cashback if you sign up via them. If you search online for loanpad cashback you should find them, for legal reasons we are unable to name individual affiliates Thanks for the reply, albeit a disappointing one.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
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Post by littleoldlady on May 28, 2019 15:29:02 GMT
IMO the only reason to invest at LP rates is if you believe that lower rates automatically mean lower risk. In a few years time we will find out.
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Steerpike
Member of DD Central
Posts: 1,977
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Post by Steerpike on May 28, 2019 15:41:28 GMT
IMO the only reason to invest at LP rates is if you believe that lower rates automatically mean lower risk. In a few years time we will find out. Loanpad P2P lenders invest only in senior debt and at least 25% of every loan is taken (at higher rates) by lending partners and in the event of default Loanpad lenders get capital and interest before "lending partners" get anything. Seemingly, better rates and arguably better security than Ratesetter rolling, Landbay, and Octopus Choice et al.
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Loanpad
May 28, 2019 15:46:42 GMT
via mobile
Post by gravitykillz on May 28, 2019 15:46:42 GMT
I have briefly looked at the company and it currently has only one director. And if you look at his records he seems to have dissolved alot of businesses. Not sure if that is relevant or even accurate.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
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Post by littleoldlady on May 28, 2019 17:34:34 GMT
LP rates are similar to (but not better) than OC but there is no comparison as regards platform security. Difficult to compare loan security as completely different models. I am in fact in both for platform diversity and because I hope there is something in the idea that lower interest = lower risk.
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zlb
Member of DD Central
Posts: 1,422
Likes: 333
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Post by zlb on May 28, 2019 19:22:03 GMT
LP rates are similar to (but not better) than OC but there is no comparison as regards platform security. Difficult to compare loan security as completely different models. I am in fact in both for platform diversity and because I hope there is something in the idea that lower interest = lower risk. Isn't there a difference in the loan duration model on each?
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
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Post by littleoldlady on May 28, 2019 21:50:11 GMT
LP rates are similar to (but not better) than OC but there is no comparison as regards platform security. Difficult to compare loan security as completely different models. I am in fact in both for platform diversity and because I hope there is something in the idea that lower interest = lower risk. Isn't there a difference in the loan duration model on each? Yes, that as well. They are quite different platforms but as it happens they both pay c4%. The premium of c2.5% is not much to cover the possibility of a capital loss and the absence of FSCS protection. With a bit of effort I get 3.8% on £80k of secure capital from Banks and BS special offers using family members, preferably non-tax payers. Each grandchild (I only have one) can get 2.5% on £50k and 3.5% on £5k from Nationwide. Most banks offer up to 5% on regular savings accounts with limits. There is some admin involved so maybe more suitable to retired people. If I could invest all my cash this way I would not bother with the likes of LP.
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