LANDE Reviews 47

Great platform, interesting focus on agriculte.
The interface is simple, investments are easy to make, and the information about loans is clear.
A good option if you’re looking for something different from typical P2P platforms.

They take your money but block you taking it back. I made an investment. However, I suddenly got prompted via their website that I need to reverify. I click on the link they provide and the new page says the verification is either disabled or doesn't even exit.

Because they say I need to re-verify, they have blocked my Withdrawals. I have checked my emails and can find nothing about needed to reverify. Also their online ticket system is very basic. There is no contact email or phone number. You really are in the blind. Beware!

Very good platform that I enjoy a lot.
Pro:
- transparency (!)
- good returns
- secondary market is efficient
- good customer support

Room for (minor) improvements:
- TFA via google authenticator (now via mail)
- loans are min 50 EUR wich leaves some loans left with 'blocked' availability
- Autoinvest is always as quick as some other platforms
- no loyalty system (maybe not necessarily a disadvantage)
- some additional metrics/data/overview could be useful.

But don't let these minor issues (not real issues btw) hold you back: this is really a very good P2P platform.

One of my favourite crowdfunding platforms.
Because I'm happy to support european agriculture and to get very good interst rates.
Moreover, compared to other platforms, what I really appreciate is the fact they never give up and always recover our funds and we can follow they recovering work un real time.

I’ve built a small income stream with LANDE. Most loans pay interest monthly, and the 12% return is impressive for something secured by collateral.

Investments are supposed to be secured against farming machinery. However when things go wrong it can take around 2 YEARS to get the money back, in my case the farmer is claiming the tractor is broken, when the balif's went in it was in pieces (how convenient, I suspect the farmer sabotaged it!) auctions have been and gone and due to it's state it didn't sell. LANDE has now agreed to give the farmer MORE MONEY to fix it so it can sell, I ca assure LANDE it will simply develop another fault "conveniently" but in the mean time MORE EXCUSES as the farmer now claims the supplier has sold the part to someone else, so the farmer now has more money from LANDE and the tractor is still "sabotaged" I suspect he just puts it back together when he needs it and leaves it in pieces for when the balif's come! I have reached out to LANDE support and had no response, just sent a second online ticket today after waiting a month for a response to the last one. Their website doesn't supply an email address to contact them, only online ticket via their website.

At first, you appeared to be a very attractive investment platform, but the further it goes, the more it seems like you are losing control of the situation. The platform is becoming a place for people who want to borrow money and then immediately declare artificial bankruptcies. Investors come here to make money, not to wait half a year for interest payments or the conclusion of bankruptcy cases. It looks absurd when especially Romanians choose not to pay anything for the entire period; I wouldn't allow such a model at all. And then you see a bankruptcy declared. This is called an abuse and fraud scheme. It's starting to make me look for more reliable investment options....

I opened an account on Lande on 10 May 2023. In all l have deposited €100 and bought shares in 10 Loans. As of today 9 September 2024 the situation is as follows:
Current 3
5-30 days late 0
31-60 days late 1
60+ days late 2
In default 3
Repaid 1

I think it is fair to say that this is a very poor outcome.

I have struggled for 6 weeks to withdraw funds. I have provided multiple IBANs. And have now been verified by Lande. These IBAN accounts I have successfully used on other investments sites for many years. And now the IBAN is suddenly unverfied. How do you verity ..then unverifiy an IBAN? Are the systems second guessing themselves? My latest coorespondance email notification now states my "application is rejected". How is that even possible? These systems are brittle at best and seem to me to be in a dangerous state of noncompliance. I doubt I can trust this platform at all.
As I said, I have tried many times so I write this begrudgingly. I know full well that negative sentiment is not good for companies, but I am desperate to withdraw my funds and it seems I just can't.

The quick answer by the costumer service was something to be grateful for. The communication was very professional and effective.

I have opened an account and made a money transfer on the 11/12/2023.
Following many reminders sent to support services and opening of a few tickets, The account was credited only on the 04/12/2024.
Seemingly I missed an information on the money transfer communication, but it took too long to have a feedback, I hope reactivity issues will be addressed soon.

my experience is the same as other reviews. They have no debt collection process, so borrowers just get warning letters and lenders wait forever for bad loans that are not recovered. Lande has to solve this major flaw which puts their lenders funds at risk

Most repayments are months late!
Some don't pay back at all!
Even if the loans are secured, I don't know why Lande doesn't even react when people haven't paid back for months.
No wonder farmers can't get loans from banks because they are known for their unreliability.

I liked idea in agricultural sector and help farmers in Europe.
My initial investments were smooth and pay accordingly. In the middle 2023 I noticed that I have more and more delayed projects. Some of the 30+days and some 60+days.
I decided to sell 60+ days investments on secondary market. Some of them were successfully sold but couple of them not. Those turned into defaulted one.
Both of them have collateral Harvest.
Lande is super slow on updating investors. Also loan updates are too slow. Some loan can be defaulted couple of month ago but Lande is waiting for a miracle from the borrower.
LTV doesn't mean anything and collateral should be only Land or Machinery.
I would invest here but with a big caution. When loan goes smooth - everything is great.
If not you stay in a vacuum and get template updates from Lande.

I really like the concept of the platform with collateralized agricultural loans. After almost 2 years on Lande now, I have not witnessed any bad experiences or loan defaults. The contact with the support was also very appreciative and fast. All the best for continued success!

In July I opened a Lande account and transfered money via Bity payment methode. The money did not arrive because their payment provider LEMONWAY required it to be a bank transfer. Then they promised to transfer back the money, but this did not happen either. Waiting now for more 2 months.

To me this seems like a scam!

I've been using LANDE for over 10 months and I'm really pleased with it. In particular with the customer service, which has been attentive, fast and transparent with me when I had to deal with a calculation issue relating to a loan that had just been repaid in full.

It's true that some loans can be 3 to 4 months late. However, LANDE's communication with regard to these problems seems to have changed in recent months with the introduction of regular information from the platform on the progress of the procedures for reimbursing users.

Very good support. I had a problem with a promo code. It was solved very quickly und friendly. Thanks for that very good customer service. From germany.

Great Support. No Problems so far.

I have 10 investments, 3 of them are 60+ days late. I understand this can happen and investing in loans is risky. But according to some info on the website they were supposed to be defaulted already. However I don't know what's going on, there is just no communication. I even sent an email to Lande about these loans and got no response. Initially I liked the idea of low LTV and actual collateral (harvest or animals or land), but at this point I just want my capital back and to get away from this platform