Quanloop borrows money from investors at the following rates:
6.5% to invest in “low risk” loans with a loan to value (LTV) of up to 55%
9.5% to invest in “medium risk” loans with an LTV of up to 85%
13.9% to invest in “high risk” loans with an LTV of higher than 85% or entirely unsecured
Quanloop is currently running Facebook ads claiming “Quanloop will pay you at a far better rate than any bank has to offer”.
Quanloop restricts the amounts that can be invested in the “high risk” plan to 33% and the “medium risk” to 50% of the remainder, meaning that the maximum “target interest” (for 33% in each) is 10%.
On its website, Quanloop claims, at the time of writing, that “Today our investors are earning 14.85% [annualized] average profit”. I was unable to get my head around how this squares with its current offer with a maximum target of 10% – bearing
Read full review for Review of Quanloop’s Loan Investments at –