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Loanr

Loanr

Secured collateral loans!

45 ratings
65 reviews
💼 Business
Free

Details

  • Released
  • Updated
  • October 26, 2022
  • July 18, 2023

Features

Developer

Loanr
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Loanr screenshot #1 for iPhone
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About

This peer-to-peer lending platform connects borrowers and lenders using collateral for secured loans. Borrowers set terms and offer assets, while lenders hold the collateral until repayment. It offers an alternative to traditional loans without collection agencies.

✓Peer-to-peer lending
✓Secured collateral loans
✓Borrower sets repayment terms
✓Lender secures and holds collateral
✓No collection agencies
✓Maximum 36% APR disclosure
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What's New in Loanr

4.0

July 18, 2023

Bug fixes

User reviews

Most RecentHighest RatedLowest Rated

Nothing Bad to Say

It was a little tricky getting started but once I finally learned the app I was able to easily get a small loan. @jona was very responsive in helping. Transaction was quick and I had my money within an hour. Will continue to work with Jona
Oceandrive33Oceandrive33

So far so good

The app is easy to use. I use it when I need a small loan for gas or groceries between paychecks. @jona was super helpful, nice and easy to work with! I would recommend him if you are looking for a lender.
sarad1282sarad1282

Tried to join app crashes when I try to upload my id

Well app will not let me upload my id before I could even get into the app to apply not exactly a confidence booster.
TheLastKookyTheLastKooky

@jona

Jon’s was easy to work with in loan process. We started off with building trust and granted me a loan in need. Highly recommend. thanks @jona
@jazzyj1127@jazzyj1127

I thought it was a scam

I originally didn’t know what I was getting myself into or if I’d actually get a loan. @jona was so willing to help. I appreciate him! The platform is self explanatory. Only thing I have a complaint about is the fee because I used my last bit of money to be able to request a loan. But with building a relationship with @jona, I will continue to use this platform.
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tal1995tal1995
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FAQ

What is Loanr?

Loanr is a peer-to-peer lending platform that facilitates secured loans using collateral. Borrowers can set their repayment amount and date, and choose what collateral they want to provide to the lender. The lender then holds onto this collateral until the loan is fully repaid.

How does Loanr differ from traditional personal loan apps?

Unlike traditional apps that may involve collection agencies for late payments, Loanr operates as a secured collateral loaning marketplace. If a borrower fails to repay, the lender keeps their provided collateral instead of referring to collections. This ensures a direct resolution between borrower and lender.

What is the APR on Loanr?

The Annual Percentage Rate (APR) on Loanr can vary, with lenders offering rates up to a maximum of 36%. The app itself is not involved in the lending process, so specific APRs and loan terms are determined solely by the lender and borrower, in accordance with local laws. The lender is legally required to disclose the APR and all other terms before the agreement is executed.

Who is this app for?

This app is designed for individuals who are looking to borrow money or lend money in a peer-to-peer environment. It's particularly suited for those who prefer or require loans secured by collateral, offering an alternative to traditional unsecured personal loans and avoiding the involvement of collection agencies.