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Lendi
Pros
- 2 reviews
- 2 likes
Absolute waste of time!
Extremely disappointed with the service and outcome I received after being promised to be refinanced with HSBC. Lendi had me believe everything looked great and was going to take a couple of weeks to get approved. 2 months later after going through the whole process I get turned down because I’m self employed and run a business. Don’t bother wasting your time! Refinance with someone else as I found a much better company that’s already getting me approved and refinanced.
- Transparency
- Customer Service
- Application Process
- Timeliness
- Incentivised Review No
- Loan TypeFixed Rate
- Loan used forFirst Home
These guys are unprofessional, inefficient, incapable, cost me 4k in penalty due to their slow processing time
It was my biggest mistake trusting an online broker. Everything seems fine at first and turns super slow after I put in my deposit with my purchase.
I was contacted by [Name Removed] on 30th June 2021, he was "confident" as assured me that it would be easy to get the loan through him and the bank he chose AMP (which was just as incapable)
The very first mistake was getting my name wrong, which caused a huge amount of time proofing my name.
There was so much time wasted asking over useless information, questions and even wanted me to create a s...
- Transparency
- Customer Service
- Application Process
- Timeliness
- Online Tools
- Incentivised Review No
- Loan TypeFixed Rate
- Loan used forFirst Home
Wrong information. Poor communication. Disappointing experience
Similar to most others, we started off with our broker smoothly with easy communication. Problems started after all our documentations were submitted and contract signed. We were constantly having to push for updates as we heard nothing from Lendi while trying to arrange the settlement date. The team constantly put the blame on the bank for stalling. It got to a point where our solicitor had to get involved in pushing our broker to take actions. Luckily we had an amazing solicitor who pointed out some serious mistakes including our application...
Read more has been suspended (which our broker and settlement team person did not notice), telling us it's ready for all the parties to book for settlement (which pointed out by our solicitor saying it wasn't). Our solicitor was also the one who reminded us to have money in the account by a particular date (where the Lendi team went MIA). We would probably had missed out the house we love, or had to pay fine for all the postponing and rescheduling if we just relied on the Lendi team to 'help us'. Lendi also has so many different teams for different processes, which made the whole process complex, communication difficult, and the processing time longer. I am sure there are great brokers in Lendi and we just landed on one that wasn't very responsible, or wasn't on top of things. However, I will not recommend this service to anyone based on this experience.- Transparency
- Customer Service
- Application Process
- Timeliness
- Incentivised Review No
- Loan TypeFixed Rate
- Loan used forFirst Home
Hi Wing, thank you for taking the time to review your experience with us. We’re so sorry to hear your experience was not a positive one. We pride ourselves on our customer experience and we will be l...
Read moreooking into what happened. We will send you a private message to discuss this further but please feel free to reach out if you have any other questions or queries.- 2 reviews
- 1 like
Loan Approved in Record Time
Adam from Lendi was really helpful and got our Investment Loan over the line in record time. Unfortunately once our Loan was approved we had a very stressful time dealing with Kristen. We were emailed the same information more than once and Kristen was difficult to deal with. This was a real shame as we were so impressed with Lendi up until this point.
- Transparency
- Customer Service
- Application Process
- Timeliness
- Incentivised Review No
- Loan TypeFixed Rate
- Loan Start DateAugust 2021
- Loan used forInvestment Property
Hi Moira, thank you for taking the time to leave Lendi such a positive review! I'm glad to hear Adam your specialist was so helpful in assisting you throughout the process. We also appreciate your fee...
Read moredback in regards to the issues you had towards the end and will be looking to improve the process. Please feel free to reach out if you ever need!Find out how Lendi compares to other Home Loans
Know better, choose better.
- Verified
Follow up call from settlement
Follow up call from settlement explained that I had completed variation etc and submitted back to Suncorp last week. Acknowledge that this can take up to a couple of weeks to be processed.
- Transparency
- Customer Service
- Application Process
- Timeliness
- Online Tools
- Incentivised Review No
- Loan TypeSplit
- Loan Start DateJuly 2021
- Loan used forRenovation
Hi Kristy, thank you for taking the time to review your experience with us here at Lendi! We appreciate you feedback and just know if you do need anything please feel free to reach out!
Review collected in partnership with Lendi
Amazing service
The service we received from our home loan consultant Kathryn was amazing. She was always keeping in touch with us and informed us of any delays. She found us a really good loan, we could not be happier.
- Transparency
- Customer Service
- Application Process
- Timeliness
- Online Tools
- Incentivised Review No
- Loan TypeFixed Rate
- Loan Start DateJuly 2021
- Loan used forRenovation
Hi Patricia, thank you for taking the time to write Lendi such a positive review! I'm glad to hear the service you received from your home loan consultant Kathryn was amazing and that she was always k...
Read moreeeping you well informed ensuring you ended up with a great home loan! Please feel free to reach out if you ever need.Terrible service
Took over 3 months to settle. Most frustrating process I have ever been through. Never again. Next time I will go straight to the Lender and not use this Company.
- Transparency
- Customer Service
- Application Process
- Timeliness
- Incentivised Review No
- Loan TypeFixed Rate
- Loan used forFirst Home
Hi Barbara, thank you for taking the time to review your experience with us. We’re so sorry to hear your experience was not an enjoyable one. We pride ourselves on our customer experience and we will ...
Read morebe looking into what happened. We will send you a private message to discuss this further but please feel free to reach out if you have any other questions or queries.Related Articles
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Lendi helped us get off keystart loans which is a lift of a huge financial burden, due to high interests rates. They organised everything, answered any questions we had, no matter how stupid these questions might have been,Haha. I would highly recommend them.
- Transparency
- Customer Service
- Application Process
- Timeliness
- Incentivised Review No
- Loan TypeFixed Rate
- Loan used forFirst Home
Hi Wardy, thank you for taking the time to leave us such a positive review of your experience with the Lendi Team. Here at Lendi, we put customer experience at the forefront of everything we do. We’re...
Read more so happy to hear your experience was in line with what we expect it to be. Please do not hesitate to reach out to us in the future if there is anything further we can assist you with.Not a good service
My broker provided inaccurate information on a few occasions, was very slow to follow up on requests, and did not advise me on next steps. Fortunately, i had a good conveyancing firm that helped me know what to ask my broker and what should be happening. Really a bad experience.
- Transparency
- Customer Service
- Application Process
- Timeliness
- Online Tools
- Incentivised Review No
- Loan TypeFixed Rate
- Loan used forInvestment Property
Hi Dot, thank you for taking the time to review your experience with Lendi. We take customer experience seriously and will be looking into what has happened. We will send you a private message to disc...
Read moreuss this further. Please reach out if you have any further questions or queries and we would be happy to assist you.Find out how Lendi compares to other Home Loans
Know better, choose better.
WORST EXPERIENCE EVER
Lendi has been disappointing from day one. I submitted for loan approval after I have signed up the contract. The real estate has given us 3 weeks to get the approval. The next day I submitted all the required documents and from there on they only submitted loan to P&N Bank after a week. Then the wait started, until the last day of finance approval they did not contacted me regarding the finance process. Therefore I have to extend the finace approval date for another week, waited again no response, in the process false promises and keep asking ...
Read moreme repeat documents come last day of finance, asked for another one week extention. By this time the seller was also getting worried and this lendi representative assured her that it will be approved that they are just taking time but promised that the application is solid and that it will be approved.Waited again.. and then after waiting 5 weeks, we got the answer that the loan is not servicable and the application has been declined. Very disappointing that after taking this long they came to the conclusion that this application is not succesful. In the process I have spent $550 on building and termite inspection. I reckon the Lendi broker was not qualified enough to access the aplication before handing over to the bank. In the end I asked him for decline letter from the bank to submit it to real estate agend to get my refund but that also I am not sure,if ia m going to get. Its been 3 days now but no response. Not happy with lendi and also with P&N Bank.- Transparency
- Customer Service
- Application Process
- Timeliness
- Incentivised Review No
- Loan TypeFixed Rate
- Loan used forInvestment Property
Hi Barinder,
Thank you for taking the time to bring this matter to our attention, it certainly does not sound like you have received the level of customer service we pride ourselves on providing. I ...
Read morehave sent you a private message so that we can investigate this further. We are looking forward to hearing from you!Consider all your broker options.
I contacted Lendi when I started my first home buying journey, the first broker that helped me was professional, full of knowledge and assisted with my understanding of home loans which seemed like such a foreign language, he made himself available to me on the weekend allowing contact to his mobile, this person unfortunately left the business and I was seeking out other brokers to assist me outside of Lendi. I was then contacted by a Lendi "senior relationship manager", I was reluctant to go with this person as he made unprofessional comments ...
Read moreabout the first broker that i dealt with, but as the first broker and I had worked toward getting my first loan up and running I hoped it would be an easy process second time around. This "senior relationship manager" did the bare minimum, he withheld information such as applying for my loan with a lender I was not aware, not advising of what steps would be involved leading up to settlement that would require me to be out of work, taking leave without advising me of where my application was up to and not being contactable, was non-responsive to my emails and phone calls, was non-communicative to my conveyancer. and would have been the reason for not settling, he made comments throughout my professional relationship about other customers he was dealing "not settling" which were cause for concern. I have no incurred additional conveyancer. fees as a result. Having an online broker allows for flexibility if you are a person with experience in this space. I was left a day before my settlement not knowing what the outcome would be and a request for an extra 6 days. I was left to contact the general Lendi phone number to speak to a number of other people, I eventually got the help of another "senior" who i expressed my dissatisfaction to and who was ale to escalate the matter. I heard nothing from the initial broker and received my information to sign in an email with no support and am not clear as to what has been set up for me, I advise to be mindful of these online brokers especially if you first home buyer and value face to face interaction and communication. My settlement did proceed on the designated day with the help another broker who was able to help me. I do not normally write reviews but I feel strongly enough as a first home buyer to share my experiences and It is disappointing that this "Senior relationship manager" showed no integrity or care for his work and will be remunerated for a lack of professionalism.- Transparency
- Customer Service
- Application Process
- Timeliness
- Incentivised Review No
- Loan TypeSplit
- Loan used forFirst Home
Hi Nat, Thank you for taking the time to leave a detailed review of your experience with us. We'd like to look into this further for you. We have sent you a private message here on product review, if ...
Read moreyou could please respond with your contact details. Thanks.Failed on every front.
My dealings with Lendi have left a lot to be desired to the point I am reluctant to bother with brokers in future... I applied to refinance my investment property, to find myself constantly chasing and following up the broker, who always seemed to be on a flight, in hospital or other wise occupied.. this went on for 2 months and in the end I simply stopped following up; I have not heard back from that broker since. I then called head office to seek assistance from someone else, only to never get a phone call back... Lendi is one of the worst organisations I have had to deal with, they seem to have no concept of customer service or common courtesy.
- Transparency
- Customer Service
- Application Process
- Timeliness
- Incentivised Review No
- Loan TypeFixed Rate
- Loan used forInvestment Property
Hi Sam, Thank you for bringing this to our attention. This does not sound like the usual high level of service that we pride ourselves on. We'd like to look into this for you and see what we can do to...
Read more help you. Could you please respond to the private message we have sent you here on product review? Thank you.Find out how Lendi compares to other Home Loans
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Questions & Answers
Hello, waiting for someone to answer my email about removing my details from your system as you broker was rude. I have emailed heretohelp@lendi.com.au - and there is no one on the other end to help.
Please respond to my email and follow instructions within.
Looking forward to a reply.
Hi Casper,
I have sent you a private message here on Product Review in order to rectify this issue urgently. Looking forward to hearing back from you!
Hi lendi.
I am a free-lance real estate agent and now working for Investment Property Consulting. I have a client who wants to buy an investment property. Here are his relevant information:
1. A single-earner with no dependent except his wife who’s not working;
2. He’s earning $65k a year; no personal loan with credit card with 6k limit;
3. His owner-occupier is valued at more than 65k with existing mortgage of only $194k;
4. He is willing to put deposit up to 30% coming from his equity
He wants to know how much he can borrow. I can provide you with any relevant info/documents you may require and you can talk to our client after. You may call me through my mobile phone.
May I hear from you soon.
Thank you.
Alex
0430 308 813
Hi Alex, thank you for reaching out. We actually have a really useful tool on our website to help with your inquiry called our burrowing power calculator https://www.lendi.com.au/calculators/. You can...
Read more complete the questions to determine the clients capacity. Alternatively, the client can reach us directly by calling us on 1300 323 181 to get in touch with someone from our team. Thank you.Why doesn't lendi answer their phones anymore ,I have used them previously and found the service great but now can't speak to anyone?
Hi Daniel, thank you for taking the time to leave us a question.
We take customer experience seriously and try answer all inbounds, otherwise we have a call back system in place in case we miss any calls. ...
Read more We will be looking into what has happened and will send you a private message to discuss this further. Please reach out on 02 80264019 if you have any further questions or queries and we would be happy to assist you.Get an answer from our members and Lendi representatives
Details
About Lendi
Lendi is an Australian home loan platform that helps borrowers compare, apply for, and settle their home loan. They work with over 25 Australian banks and lenders to provide you with options that meet your home loan needs.
After inputting information regarding your financial situation, Lendi’s smart technology will compare and filter through thousands of loan options to find your best match.
You will then be given a tailored shortlist of home loans based on the information you have provided. Lendi uses an Approval Confidence™ tool that means you’ll only be shown loans that you have a high approval likelihood for.
If you decide to move forward with a loan, Lendi’s Home Loan Specialists will guide you through the application and settlement process. The application process is entirely online, and expert help is available 24/7.
Points of praise:
- Many reviewers found that Lendi gave them access to competitive deals on the market.
- They also said that Lendi Home Loan Specialists were incredibly easy to deal with, professional, and thorough in their explanation of the various options available to them.
- According to reviewers, the platform was easy to use and upload relevant information and documents.
- ABN: 18611161856
Extra Information
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Hi Cass, thank you for taking the time to review your experience with Lendi. We take customer experience seriously and will be looking into what has happened. We will send you a private message to dis...
Read morecuss this further. Please reach out if you have any further questions or queries and we would be happy to assist you.