Squirrel Money Investor Reviews

About this Company

Squirrel is not a tech start-up. We’ve been in the business of helping Kiwis borrow money since 2008.

 

Squirrel was born during the Global Financial Crisis so we’ve got a natural cynicism about the economy and being prudent. We’ve worked hard for our clients and built a strong and trusted brand in the Auckland housing market, arranging over $2 billion in mortgages. And along the way we’ve also won a heap of awards.

Our business is all about helping Kiwis make better financial decisions.

Peer-to-peer – or as we like to call it, person-to-person lending, was an obvious next step for us. It gives everyday investors better returns at the same time as saving borrowers their hard-earned money. By putting Reserve Funds in place and building a world class IT platform (the Squirrel P2P Marketplace) we also take looking after our investors’ money seriously.

Squirrel Investing is about us challenging lending traditions to create more value for our clients. It’s not revolutionary or scary, it’s just personal lending, done better. We believe in total transparency and you’ll find we’re honest and open about how we work, where our funding comes from and what’s happening with your money.

 

 

Visit squirrel.co.nz/invest

Filter

106 Verified Customer Reviews

106 Customer Ratings and Reviews

Shopper Approved collects trusted reviews from customers who have made a verified purchase.

4.0

Overall Star
Rating

5 Shopper Approved - Review Star
35
(33%)
4 Shopper Approved - Review Star
42
(39.6%)
3 Shopper Approved - Review Star
22
(20.8%)
2 Shopper Approved - Review Star
4
(3.8%)
1 Shopper Approved - Review Star
3
(2.8%)

Would Invest Again
4.3
5 Shopper Approved - Review Star
65
4 Shopper Approved - Review Star
24
3 Shopper Approved - Review Star
7
2 Shopper Approved - Review Star
5
1 Shopper Approved - Review Star
5
Price Satisfaction
4.1
5 Shopper Approved - Review Star
36
4 Shopper Approved - Review Star
50
3 Shopper Approved - Review Star
16
2 Shopper Approved - Review Star
2
1 Shopper Approved - Review Star
2
Would Recommend
4.0
5 Shopper Approved - Review Star
45
4 Shopper Approved - Review Star
32
3 Shopper Approved - Review Star
20
2 Shopper Approved - Review Star
6
1 Shopper Approved - Review Star
3
Customer Service
4.0
5 Shopper Approved - Review Star
22
4 Shopper Approved - Review Star
10
3 Shopper Approved - Review Star
6
2 Shopper Approved - Review Star
2
1 Shopper Approved - Review Star
4
Investing Process
3.7
5 Shopper Approved - Review Star
35
4 Shopper Approved - Review Star
29
3 Shopper Approved - Review Star
21
2 Shopper Approved - Review Star
12
1 Shopper Approved - Review Star
9
SHOW DETAILS

About this Company

Squirrel is not a tech start-up. We’ve been in the business of helping Kiwis borrow money since 2008.

 

Squirrel was born during the Global Financial Crisis so we’ve got a natural cynicism about the economy and being prudent. We’ve worked hard for our clients and built a strong and trusted brand in the Auckland housing market, arranging over $2 billion in mortgages. And along the way we’ve also won a heap of awards.

Our business is all about helping Kiwis make better financial decisions.

Peer-to-peer – or as we like to call it, person-to-person lending, was an obvious next step for us. It gives everyday investors better returns at the same time as saving borrowers their hard-earned money. By putting Reserve Funds in place and building a world class IT platform (the Squirrel P2P Marketplace) we also take looking after our investors’ money seriously.

Squirrel Investing is about us challenging lending traditions to create more value for our clients. It’s not revolutionary or scary, it’s just personal lending, done better. We believe in total transparency and you’ll find we’re honest and open about how we work, where our funding comes from and what’s happening with your money.

 

 

Visit squirrel.co.nz/invest

Filter
R
Roger E.
04/13/2017 , Auckland

I had to resort to the Customer Care Resolution service when a complaint was dealt with in an unsatisfactory manner, however, eventually the manager contacted me and quickly resolved the issue. Initially I found the method of investing money a little complex but I have now mastered it. I use this site as I believe it is a fairer loan/borrow site than other P2P companies as I have a bit of a problem loaning money at a rate of up to 39% which I consider a bit immoral. To date I have had no defaulting borrowers with Squirrel.

Would Recommend
3/5
Price
4/5
Customer Service
3/5
Investing Process
4/5
Would Invest Again
4/5

A
Alexander F.
03/26/2017 , Auckland

The portal is a little difficult to navigate. I like the loan shield but I hope I don't need it. My preference would be to invest in smaller amounts across multiple loans.

Would Recommend
3/5
Price
3/5
Investing Process
2/5
Would Invest Again
4/5

R
Roderick B.
02/28/2017 , Waipapa


A couple of suggestions -

When a loan is taken up, put the details in the "Sit back" email so I know how much and at what rate it was accepted.

Allow users to put up multiple offers in different categories with the same cash. Eg I have $500 and would be happy to lend it at 8.5% for 3 years OR 9% for 5 years. But I can't put 2 orders in. Perhaps there is a way I could put 2 orders and have 1 fall away when the other is taken up?

Keep up the great service!

Would Recommend
4/5
Price
4/5
Investing Process
4/5
Would Invest Again
5/5

G
GD
02/18/2017 , Auckland

Simple, transparent service with real time investments.

Would Recommend
5/5
Price
4/5
Customer Service
5/5
Investing Process
4/5
Would Invest Again
5/5

D
David
02/01/2017 , Napier

With the banks paying so little I was looking for something with more reward.
I know the banks are charging good rates for personal loans. Yet it didn't seem that that was being passed onto the customers with money in the bank.

I wanted to get a better return for my investment and yet at the same time help others by offering lower interest rates than a bank would. To me a borrower should have a realistic chance of being able to pay a loan back without being crippled by high interest rates.

I had looked at other P2P Providers, but there interest rates seem to be too high for borrowers and reviews indicated that they weren't necessarily operating fairly.

No such issues with Squirrel Money. A east to use site and totally transparent.

Thanks Squirrel Money!

Would Recommend
5/5
Price
5/5
Would Invest Again
5/5
Investing Process
5/5

why Trust Verified Reviews?

Verified Reviews are real, authentic reviews collected from actual paying customers, using Shopper Approved's Verified Review Platform. When reviews are Verified by Shopper Approved, you know that you can trust them to make better buying decisions.

Unverified Reviews on the other hand, are reviews collected by Open Review platforms that allow anyone to leave a review, without any validation or proof of purchase. Unfortunately, most reviews you read online are Unverified Reviews, and can't be trusted.

As a consumer, here's how you can tell the difference:

Verified Reviews from Verified Review Platforms like Shopper Approved, have much higher review counts and higher overall Star ratings, because they attempt to collect reviews from every single paying customer.

Unverified Reviews from Open Review Platforms, tend to have much lower review counts and more negative Star ratings, because people with bad experiences are primarily those who leave reviews. This often creates a misleading, inaccurate portrayal of a companies true reputation.

So, when searching for Verified Reviews, look for the name you know you can trust. Shopper Approved.

Are you a Business?

See What Shopper Approved
Can Do For You

Inactive Business
Website

© 2022 ShopperApproved.com. All rights reserved. Learn more about Shopper Approved.

This Shopper Approved Customer Rating and Review Certificate was generated using independent survey information gathered by Shopper Approved, LLC © 2022