Loanch Review
Quick Overview
Platform Age
Launch Year
Loans Funded
Estimated Volume
Active Investors
Estimated Users
Minimum Investment
Per Loan
Important Notice
Loanch is a relatively new platform with reported controversies regarding its ownership structure. Multiple sources indicate that Loanch and all its loan originators are owned by the same parent company, Fingular, allegedly owned by Maxim Chernushenko, who has been associated with previous P2P lending failures. Exercise extreme caution and conduct thorough due diligence before investing.
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Investment Focus
Short-term consumer loans (30-90 days) in Southeast Asian markets including Indonesia, Malaysia, and Sri Lanka.
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Expected Returns
13-16.59% average annual returns, positioning it among the higher-yield P2P options available.
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Safety Features
30-day buyback guarantee, segregated investor accounts, though all loan originators appear to be owned by the same entity as the platform.
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Fee Structure
No fees for registration, deposits, withdrawals, or investments. Revenue comes from loan originator fees.
Standout Features
Exclusive focus on emerging Asian markets
30-day buyback guarantee (vs industry standard 60 days)
1% cashback welcome bonus for first 90 days
Loyalty program with increased returns
Investment Calculator
Total Investment Value
Our Experience with Loanch
Our testing team conducted an in-depth analysis of Loanch over a 3-month period with a modest test portfolio. Here's what we found:
Our Test Portfolio Results
Initial Observations
The platform offered a straightforward, easy-to-navigate interface with a quick registration process. Setting up auto-invest was simple, and the dashboard provided clear visibility of investments. However, as we investigated deeper, we encountered several concerning factors regarding the platform's ownership structure and loan originator relationships.
Performance Analysis
During our testing period, the platform performed as advertised in terms of returns. Interest payments arrived on schedule, and we were able to verify that the buyback guarantee was honored for a few late loans. While the short-term performance was satisfactory, we identified substantial long-term risks related to the platform's structure.
What Impressed Us
- User-friendly interface with clear dashboard
- Competitive interest rates as advertised
- Quick registration and verification process
- Functional auto-invest feature
Major Concerns
- Concerning ownership structure with all loan originators owned by same entity
- Limited transparency about ultimate beneficial owners
- Allegations about controversial background of alleged owner
- High-risk exposure to emerging markets
Critical Risk Assessment
Our investigation revealed significant concentration risk in Loanch's structure. According to multiple sources, the platform and all its loan originators (Ammana, Tambadana, and Ceyloan) appear to be owned by the same parent company, Fingular. This arrangement creates a critical vulnerability: if any financial issues affect the parent company, they could simultaneously impact both the platform and all loan originators, potentially jeopardizing the buyback guarantee and investor funds.
More concerning are claims that Fingular is owned by Maxim Chernushenko, who allegedly has a history of P2P platform failures, with reported outstanding debts of âŦ6.9M to investors from previous ventures. While we cannot independently verify these claims, they represent a substantial red flag for potential investors.
Final Assessment
Despite satisfactory short-term performance in our test portfolio, the significant structural risks and ownership concerns lead us to advise extreme caution. We believe that the high returns offered do not adequately compensate for the level of risk involved, particularly given the availability of more transparent and better-established alternatives in the P2P market.
Platform Safety Analysis
Critical Risk Factors
- Alleged common ownership of platform and all loan originators creates significant concentration risk
- Platform operates without direct financial regulation or oversight
- Reports of controversial background of alleged ultimate beneficial owner
- Exposure to high-risk emerging markets in Southeast Asia
Reported Ownership Structure
Based on multiple independent reports - not officially confirmed by Loanch
Regulatory Status
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Operates without direct financial licensing or regulation
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No regulatory oversight of platform operations
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Complies with basic AML and KYC requirements
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Investments not protected by any deposit guarantee scheme
Ownership Structure
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Platform reportedly owned by Fingular, a Singaporean holding group
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All three loan originators reportedly owned by same parent company
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Alleged ultimate owner has controversial P2P lending history
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Extremely high concentration risk if parent company faces difficulties
Investment Protection
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30-day buyback guarantee on all loans
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Segregated investor accounts
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Buyback guarantee dependent on financial stability of loan originators
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Loan originators tied to platform ownership creates interdependency risk
Critical Analysis of Buyback Guarantee
While Loanch prominently advertises its 30-day buyback guarantee as a key safety feature, the effectiveness of this protection depends entirely on the financial capability of the loan originators to honor it. Given that all loan originators appear to be owned by the same entity that owns the platform, this creates a concerning scenario:
- If the parent company faces financial difficulties, all loan originators could simultaneously struggle to meet buyback obligations
- No independent third-party is involved in the guarantee, creating a single point of failure
- The platform's relatively short operating history (since 2023) means the buyback system has not been tested during a significant economic downturn
In essence, the buyback guarantee provides limited real protection against the most critical systemic risks facing the platform.
Platform Interface & Features
Main Dashboard
Clean, intuitive interface showing portfolio overview and key metrics
Auto-Invest Settings
Customizable auto-invest strategies with simple setup options
Loan Marketplace
Browse available loans with filter options and detailed information
Account Reports
Detailed account statements and transaction history
Auto-Invest
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Simple strategy setup
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Customizable loan criteria
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Automated reinvestment options
Buyback System
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30-day buyback guarantee
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Principal and accrued interest covered
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Automatic activation for late loans
Reporting Tools
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Portfolio performance tracking
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Exportable transaction history
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Account statements generation
Auto-Invest Strategy Options
Conservative
Focus on consumer loans with shorter terms (30 days) across all markets
Balanced
Mix of consumer loans across all markets with terms up to 60 days
High Yield
Maximum returns focusing on all loan types including longer terms (up to 90 days)
User Experience & Reviews
What Users Like
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Straightforward registration and investment process
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High interest rates compared to other platforms
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Functional auto-invest with simple setup
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Clean, intuitive user interface
Common Concerns
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Limited transparency about ownership structure
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Slow customer support response times
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Limited loan originator diversity
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Concerns about Southeast Asian market exposure
Recent User Reviews
"I've been using Loanch for about 6 months now. The returns are consistently high, and the auto-invest feature works well. The platform is straightforward to use, and I appreciate the 30-day buyback guarantee for added security."
"Mixed feelings about Loanch. The interest rates are attractive and payments have been on time so far, but I'm concerned about the lack of transparency regarding who actually owns the platform. Customer support is also slow to respond to questions."
"After doing more research on the platform's background, I've started to withdraw my funds. While I haven't had issues with returns yet, the connections between the platform and loan originators seem concerning. I prefer platforms with more regulatory oversight and transparency."
Getting Started
Create Your Account
Register on Loanch using your email address and set up a secure password. The initial registration takes less than 2 minutes.
Complete Verification
Verify your identity through Loanch's KYC process. Most verifications are completed within 24 hours.
Fund Your Account
Add funds via bank transfer. The minimum investment amount is âŦ10 per loan.
Start Investing
Choose between manual selection of loans or setting up auto-invest to automatically diversify your portfolio.
Account Verification
Personal Information
- â Full legal name
- â Date of birth
- â Residential address
- â Tax residence information
Required Documents
- â Valid government ID or passport
- â Proof of address (utility bill/bank statement)
- â Selfie with ID document
Deposit Methods
Bank Transfer
Withdrawals
âšī¸ Important Information
- Initial verification typically takes 24 hours but may take longer during busy periods
- Minimum deposit amount is âŦ10
- Bank transfers from non-EU countries may incur additional fees from your bank
- All transactions must originate from accounts in your name
Market Comparison
Platform Comparison
| Feature | Loanch | Mintos | PeerBerry | Iuvo Group |
|---|---|---|---|---|
| Maximum Returns | 16.59% | 12.00% | 12.50% | 14.00% |
| Minimum Investment | âŦ10 | âŦ50 | âŦ10 | âŦ10 |
| Regulatory Status | â Unregulated | â ECSP Licensed | â Unregulated | â MFSA Regulated |
| Buyback Guarantee | 30 days | 60 days | 60 days | 60 days |
| Platform Age | Since 2023 | Since 2015 | Since 2017 | Since 2016 |
| Loan Originators | 3 (same owner) | 50+ | 15+ | 10+ |
| Secondary Market | â | â Fee: 0.85% | â | â Fee: 1% |
Recommended Alternatives
Mintos Most Regulated
- â EU Licensed Platform (ECSP)
- â 50+ Loan Originators
- â Active Secondary Market
PeerBerry Easy for Beginners
- â Strong Track Record
- â Group Guarantee
- â Simple User Interface
đ Why We Recommend Alternatives
While Loanch offers higher potential returns, we believe the alternatives listed above provide a significantly better risk-reward profile due to:
- Stronger regulatory oversight and compliance with financial regulations
- Longer track records demonstrating stability through various market conditions
- More diverse loan originator networks (not owned by the same company as the platform)
- Greater transparency regarding ownership structure and corporate governance
- Secondary market availability for improved liquidity options
Tax & Reporting
Tax Documents
Annual Account Statement
Yearly statement showing interest income, principal repayments, and other account activities. Available in PDF format by January 31st each year.
Transaction History
Exportable list of all transactions with dates, amounts, and types. Available in CSV and PDF formats for any selected date range.
Reporting Features
Portfolio Overview
Current investments and performance tracking
Performance Charts
Visual display of returns over time
Export Options
CSV and PDF exports for accounting
Download Center
Central location for all reports
Tax Considerations by Region
European Union
- P2P income typically taxed as capital gains or investment income
- Tax rates vary by country (from 15% to 42%)
- Some countries may require quarterly tax payments
- P2P income must be self-declared in most EU countries
International Investors
- No withholding tax applied by Loanch
- Tax treatment depends on your country of residence
- Self-declaration responsibility rests with investor
- Currency exchange rates may affect taxable amounts
Important Considerations
- âĸ Loanch does not provide tax advice - consult a tax professional
- âĸ Tax regulations vary significantly between countries
- âĸ Loanch's documentation may not meet all countries' reporting requirements
- âĸ Keep your own detailed records as a backup
Reporting Limitations
- âĸ Limited tax-specific documentation compared to regulated platforms
- âĸ May require manual calculations for some countries' tax forms
- âĸ Report downloads may be unavailable after account closure
- âĸ No tax reporting integrations with accounting software
Final Verdict
Key Concerns
- Significant concentration risk due to common ownership of platform and all loan originators
- Alleged connection to a controversial owner with previous P2P lending failures
- Lack of regulatory oversight or licensing
- Limited operating history (since 2023)
- High-risk exposure to emerging Asian markets
Potential Advantages
- Above-average interest rates (13-16.59%)
- User-friendly interface and auto-invest feature
- Low minimum investment amount (âŦ10)
- No fees for deposits, withdrawals or investments
- 30-day buyback guarantee (when functional)
Critical Risks
- Buyback guarantee depends on same entity that owns platform
- Reported troubling history of alleged ultimate beneficial owner
- No independent loan originators (all reportedly under same ownership)
- Operates without financial regulatory oversight
- New platform without proven track record through market downturns
â ī¸ Recommendation: Significant Caution Advised
Based on our comprehensive analysis, we believe that the risks associated with Loanch significantly outweigh the potential for higher returns. The concentration risk created by the common ownership structure of the platform and all loan originators, combined with alleged concerning background of ownership, creates a vulnerable situation for investors. We recommend exploring more established and transparent alternatives with better risk-reward profiles.
Listen to Our Loanch Review
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Why listen? Get the key highlights of our in-depth Loanch analysis including returns, risks, and who this platform is best suited for.
