Lande Reviews

LANDE

3.67
18 reviews
Great Rating
Based on 18 user experiences
All 5 ★ 4 ★ 3 ★ 2 ★ 1 ★ 😊 Positive 😐 Neutral 😞 Negative Reset Filter
AI Review Summary Based on 18 reviews

Customer experiences with Lande are sharply divided between highly satisfied investors and those with severe complaints. Many positive reviews praise the platform's responsive, professional, and effective customer support, often resolving issues quickly. The concept of collateral-backed agricultural loans and the potential for good returns, such as 11-12%, are significant draws. Users appreciate the platform's transparency, user-friendly interface, and the existence of a secondary market. However, a significant number of customers report extremely poor experiences, primarily centered on dysfunctional customer service that is described as incompetent and unresponsive to serious problems. Major complaints include severe difficulties and long delays in withdrawing funds or recovering deposited money, with some processes taking weeks or even years. The loan repayment performance is criticized, with reports of many loans being months late, in default, or involving lengthy recovery processes despite being 'secured'. Technical and verification issues, such as problems with ID acceptance, IBAN verification, and payment processing errors, are frequently cited. The platform's operational reliability is questioned due to these persistent financial and administrative failures. Overall, while a core group of users reports a smooth, profitable, and well-supported experience, an equally vocal group reports fundamental failures in service, financial transactions, and investment security.

What customers love
  • Concept of collateral-backed agricultural loans
  • Good potential returns (e.g., 11-12%)
  • User-friendly and transparent platform
  • Efficient secondary market and recovery process
Common concerns
  • Severe difficulties and long delays in
  • Poor loan repayment performance with many
  • Technical and verification issues (ID, IBAN,
  • Lengthy recovery process for secured investments

Last updated 2 months ago

T

Incompetent customer service

Signed up and sent them my Id card As I am not from a English speaking country my Id was rejected as intelligible I wrote to them offering other IDs passport drivers licence which have an English section If not I asked them to stop clogging my email box with offers I have sent 3 emails with this exact request but was ignored every time To me this indicates a non functional customer service Imagine what would happen if you are having a problem18 02 2023 update - since you have bothered to reply here I ll give you a free advice monitor your incoming emails as well as you monitor your rating on trust pilot
W

In July I opened a Lande account and

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
E

Most repayments are months late

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
A

Can t withdraw funds after many attempts

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
J

Avoid

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 35-30 days late 031-60 days late 160 days late 2In default 3Repaid 1I think it is fair to say that this is a very poor outcome
B

Secured investments not a reality

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

About Lande

Crowdfunding platform where farmers get funded Invest and diversify your portfolio with secured agricultural loans

United States

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