What is Loanch?
Loanch is a P2P lending platform for Southeast Asian consumer loans, based in Zagreb, Croatia, and operating since 2023. Investors contract with PRZEMEK SAVJETOVANJE d.o.o., a Croatian company that took over the platform by April 2026 from RiseTech Kft., which had run it from Budapest.
Loanch lists three loan originators, and the audits it publishes tie two of them, Tambadana and Ammana, to one Singapore lending group, Fingular, whose website listed Loanch among its “Fingular partners” in 2024.
How does Loanch work?
Loanch sells you claims on consumer loans made by loan originators, which Loanch calls lenders, under an assignment agreement for each purchase. The claim passes to you as an assignment under Croatian law, often as a share pooled with other investors, and the loan file can stay with the loan originator. The terms say the assignment agreement governs that purchase wherever it conflicts with them, and that Loanch isn’t a party to it, which another Loanch document contradicts.
Repayments reach your Loanch account as the loan originator pays them. The terms credit you with “amounts received in connection with Claims” and give Loanch no duty to advance a missed payment, and no public Loanch page shows repayments on their way to you. A buyback obligation, which Loanch’s risk statement says most of its loan originators offer, is owed by the loan originator, not by Loanch.
Loanch charges investors nothing, and no public document says how the company that runs it is paid.
What you can invest in
Loanch offers one kind of investment, claims on consumer loans, from €10 a claim. When I walked through the logged-in market on 26 August 2026, its roughly 78,000 listings came from two Malaysian loan originators, Tambadana and AhaPay. Every Tambadana loan on the first page paid 15.90% for 92 days, and every AhaPay listing paid 11%, for 92 to 335 days. Ammana, the third loan originator on Loanch’s list, had no loans on offer, and the Indonesia filter returned none.
What return can you expect on Loanch?
Loanch’s statistics page shows an “Average Return” of 14.80%, and the median Loanch investor on P2P Dash has earned 15.4% a year including cashback, across 190 portfolios, as of November 2026. P2P Dash values claims at what Loanch’s balances show, and Loanch doesn’t say how its own figure is measured. Whether Loanch’s 14.80% holds can’t be checked, because neither figure shows what the 2026 freeze cost investors, when Loanch’s payment provider lost its licence and deposits stopped from 5 February to 25 April.
I expect less than the 11–15.9% a year that Loanch’s loans offered in August 2026, on a Loanch portfolio started now, after fees, defaults, idle cash and any tax the platform withholds, before your own tax.
The loan originator can end your rate early. The terms in force since September 2026 let the loan originator, or another party the assignment agreement names, take a claim back “at any time and in its sole discretion”, and you aren’t entitled to “unaccrued interest” or any other compensation. That right applies wherever the assignment agreement grants it, and the sample agreement couldn’t be opened when I tested it in August 2026. In my assessment that makes the advertised rate a ceiling the loan originator controls rather than a rate you can count on to maturity.
Loanch’s loyalty programme adds 0.25 to 1.5 percentage points on new investments once your portfolio has stayed above €3,000 for 90 days, the full 1.5 only from €80,000. What the rates pay for is mostly the balance sheet of one company in Fingular, the Singapore group behind almost all of Loanch’s loans. They also pay for a platform no financial supervisor licenses.
Loanch has the third-lowest Returns score of the 21 platforms I’ve reviewed, 2.5 out of 5. The score is held at 2.5 instead of following what investors kept, because the 2026 freeze cost investors an amount no published figure shows. Nor does the score rest on the risk of losing money, which Is Loanch safe? covers.
Is Loanch safe?
Loanch protects your money against a late borrower, through a buyback its loan originators owe, but not against those loan originators, the company running Loanch or its payment provider failing. Loanch’s protection page promises a “Guaranteed buyback” and “Segregated accounts”. On 20 October 2026, 99.8% of investors’ outstanding money sat with one loan originator, Tambadana, wholly owned by the Singapore group Fingular. Your uninvested cash sits in an account in the operator’s own name. No regulator or compensation scheme stands behind Loanch, and its payment provider lost its licence in 2026. The risk in the assets you hold remains fully yours.
Loanch is tied for the lowest Safety score of the 21 platforms I’ve reviewed, 1.0 out of 5. The score rests mostly on how Loanch is built, with no licence, an operator with one owner and no published accounts, cash in that operator’s own account and loan originators tied to one group, and partly on a record in which nothing independent shows payments restored after the 2026 freeze. Pages that market a 30-day buyback the risk statement sets at 60 days count against it, and so do two versions of the terms, dated the same day, that differ on who may keep investing.
Is Loanch regulated?
No, Loanch isn’t regulated by any financial supervisor. PRZEMEK SAVJETOVANJE d.o.o., the company you contract with, holds no licence to provide investment services, and Loanch’s own compensation terms say its activities “are not regulated activities under Croatian law requiring a licence” from Croatia’s financial supervisor HANFA or its central bank. Its terms say your claims aren’t covered by a deposit guarantee scheme or, unless otherwise stated, an investor compensation scheme.
Croatia’s central bank and HANFA warned in July 2024 that online platforms selling claims on loans, with sellers often outside the EU and most often in Asia, are supervised by neither of them, and that no Croatian scheme protects the money invested through them. The platform’s own compensation terms cite that warning by name.
Latvijas Banka, Latvia’s central bank and financial supervisor, lists “LOANCH (RiseTech Kft.)” among companies providing financial services that require a licence without one, in a warning updated on 21 September 2026, and says money invested with these companies isn’t protected under Latvia’s investor protection law. RiseTech Kft., the name in brackets, is the Hungarian company that ran Loanch until 2026.
Loanch’s documents disagree on whether anti-money-laundering law applies to it. Its terms call Loanch an obliged entity under Croatia’s anti-money-laundering act, while its AML statement says it is “not currently a formally obliged entity”, applies EU standards voluntarily and cites “EU and Hungarian regulations”, without mentioning Croatia. The site’s page for short-term investments also carries a section headed “Regulated”, whose text claims only compliance with the EU’s market abuse rules and its rules for investment communications.
What happens if Loanch fails?
Your claims on Loanch stay yours if Loanch itself fails, because the loan originator assigns them to you and Loanch’s terms say Loanch isn’t a party to that assignment. Nobody is bound to keep collecting your repayments, though. The terms say Loanch “may seek to arrange” a handover of servicing to another provider “but does not guarantee” one. Croatia’s Civil Obligations Act ends a mandate when bankruptcy opens, so in my assessment collection would fall back on each loan originator paying you directly, under an agreement you couldn’t read before buying.
Your uninvested cash on Loanch is less safe than your claims. In August 2026 deposits went to an account in the name of PRZEMEK SAVJETOVANJE d.o.o. at MultiPass, a UK e-money institution. In my assessment, UK safeguarding rules protect the holder of that e-money, the operator, if MultiPass fails, not you if the operator fails. The terms promise only that funds held “through a segregated or otherwise separated” structure “are not intended to form part of” Loanch’s own funds, while the protection page says “Your funds are safely held in separate accounts, distinct from our operational funds”.
PRZEMEK SAVJETOVANJE d.o.o., the company running Loanch, was registered in Zagreb on 12 February 2026 as a business and management consultancy, with one owner who is also its only director, per the Croatian company register, and it has published no accounts. It replaced RiseTech Kft., the Hungarian company with one employee and a Gmail contact address that had run Loanch since 2023. The terms let Loanch move your relationship to another company “within its group structure or in connection with a business transfer”, and they cap its liability to you at €5,000, or at the fees you paid in the previous 12 months if those are higher, which on Loanch are zero.
Loan originators
Loanch lists three loan originators in November 2026, the companies that made the loans behind your claims, and one of them holds almost all the money. On 20 October 2026, Loanch’s statistics page put 99.8% of the €13.8 million investors had outstanding with Tambadana and 0.2% with AhaPay. Ammana, the third, had none.
Two of the three belong to the Singapore lending group Fingular by their own audits. Wawasan Cojaya Sdn Bhd, the Malaysian company behind Tambadana, is “a wholly owned subsidiary” of Fingular Pte Ltd, per its 2025 audit, and Sh Tech Pte Ltd, the Singapore company behind Ammana, names Fingular as its holding company in its 2023 audit. AhaPay’s company, Aharetail Solutions Sdn Bhd, owed RM15.9 million at the end of 2025 to a holding company its audit doesn’t name. Fingular’s website listed Loanch among its “Fingular partners” in 2024, beside Ammana and Tambadana. I found the listing in archived copies from February and May 2024, before it was removed. None of Loanch’s own pages names Fingular, though the audits it publishes do. In October 2026, spreading money across Loanch’s listings spread it almost entirely within one Fingular company, Tambadana.
Tambadana is the loan originator that matters for your money today. Wawasan Cojaya’s 2025 audit, with an unmodified opinion from Azlan Aziz & Partners, shows total assets of RM129.2 million, almost five times the RM26.6 million of a year earlier. Its share capital and retained earnings come to RM9.7 million, 7.5% of those assets, and the rest of the RM26.4 million it reports as equity is subordinated debt. At the end of 2024 its equity had been RM0.7 million, 2.5% of its assets. Tambadana’s monthly report for August 2026, unaudited, shows 84,759 loans and $28.5 million paid out that month, with earnings before interest and tax of $2.4 million.
Sh Tech ended 2023 with equity of minus $6.4 million on $371 of share capital, after a $4.1 million loss, and its auditor flagged a “material uncertainty” about whether it can continue, which rests on support from its owner. The audit was signed a year after the year it covers, and Loanch’s loan originators page still links it in November 2026. A blog post of March 2026 paused Ammana, calling the change “a clear signal of strong trust from the local market”, and Ammana’s monthly reports show the loans it counts as current or up to 30 days late falling to zero by June 2026.
Aharetail had a shareholders’ deficit of RM3.1 million at the end of 2025, after a loss of RM3.9 million on revenue of RM1.4 million. The loss included an impairment of RM2.8 million on Aharetail’s receivables, 192% of its revenue, per its 2025 audit. Its auditor, SFAI Malaysia, flagged a “material uncertainty” about whether it can continue, which rests on support from its directors and shareholders. AhaPay’s monthly reports show a loss before interest and tax in every month from January to August 2026.
Sh Tech’s 2023 audit, signed in December 2024, names Maxim Chernushchenko as a director, the name under which Cashwagon presented its founder. Cashwagon’s own press releases quote Maxim Chernushchenko in September 2019 and call Maxim Chernuschenko its “CEO and Founder” in January 2020. Mintos suspended the Vietnamese, Philippine and Indonesian lending companies it listed under Cashwagon’s name in June 2020, after, in Mintos’ own words, “news that the authorities in Vietnam are investigating operations of Cashwagon”. Mothership reported, citing Vietnamese media, that police were investigating two Cashwagon companies over loans at 22–44% a month and had seized their bank accounts. Mintos’ case report of September 2020 put Mintos investors’ money in the three at €9.4 million, and its statistics showed €5.7 million of it written off and €1.7 million of the Philippine case still open in October 2026.
Buyback obligation
Loanch’s buyback obligation, which its homepage markets as a “30-day buyback guarantee”, protects you only as long as the loan originator behind it can pay. The terms say a buyback applies “only if expressly provided for” in each loan’s documents and belongs to the loan originator, “not to LOANCH”. The risk statement says that “Most of our loan originators” offer one, repaying the principal with accrued interest, and that each offer says whether it applies. The loan pages I opened on 26 August 2026 said nothing about a buyback. On almost all the money on Loanch, the buyback is only as strong as Tambadana’s balance sheet.
Loanch’s own pages put the trigger at 30 days, and its risk statement at 60. Its homepage offers “a 30-day buyback guarantee if your loan is 30 days delinquent (market average is 60 days)”, its loan originators page shows “Yes (for 30 days overdue loans)” for all three, and its protection page says the loan originator “is obligated to repurchase it” after 30 days, all live on 2 November 2026. The risk statement is the only published legal document that names a trigger, and it says more than 60 days. The terms add that “marketing content” is “not part of these Terms”, so the 30 days on the homepage is a promise the terms don’t make.
The agreement that would settle the buyback’s terms couldn’t be read before buying. On every loan page I opened on 26 August 2026, “View the sample of Assignment Agreement” was text with no link behind it, and the AhaPay page’s code had no link either. The dashboard has no section for documents. The terms say Loanch isn’t a party to that agreement, while the dispute procedure defines it as “concluded between the Lender as Assignor, the Investor as the Assignee and LOANCH”. A buyback marketed at 30 days that the risk statement sets at 60, and documents that disagree on who is party to the agreement, count against Loanch’s Safety score.
Defaults and recovery
Loanch publishes no default, buyback or loss figure as of November 2026. Its statistics page shows only how much of each loan originator’s current investments is up to 30 days late, and on 20 October 2026 it showed 16.15% of Tambadana’s 1–15 days late and 16.98% 16–30 days late, about a third in all. The page doesn’t say whether those shares are by amount or by number of loans. The page stops counting where Loanch’s own pages say the buyback starts, so whatever the buyback absorbs never shows on it.
Tambadana’s company reported 7.0% of its receivables more than 30 days past due at the end of 2025, and an allowance for expected losses of 19.5% of them, per its 2025 audit. Its monthly reports count only loans up to 30 days late in the portfolio they show. When Ammana’s loans ran to zero in 2026, Loanch’s March post said earlier loans would “continue to be serviced”, and Loanch hasn’t said whether the late ones were repaid, bought back or written off.
If a loan goes bad, the terms let Loanch pursue recovery but say it “is not obliged to”, and it may charge the external costs to the investors concerned “on a fair and proportionate basis”. The stress on record, the 2026 freeze, is set out under Withdrawals.
Conflicts of interest
Loanch has six conflicts of interest with its investors, set out in its terms, its loyalty program and its ownership.
- Your terms on Loanch can change on 10 days’ notice. Changes that hurt you, fees and withdrawal limits among them, need 10 days’ notice under the terms of 30 September 2026, down from 30 in May, and changes required by law, a regulator or a court, or by urgent anti-money-laundering, sanctions, fraud or security needs, take effect at once. You may leave before a change applies, but only “subject to any active transactions”, and with no secondary market your invested money stays where it is (closing your account). The terms also promise that no amendment changes a claim you already hold.
- Two versions of Loanch’s terms carry the same date. Both are dated 30 September 2026 and were live on 2 November 2026. The one the site links to lets accounts approved before 17 April 2026 keep investing from outside the European Economic Area and Switzerland, while the other bars everyone living outside the EU and still contains the placeholder “[INSERT LINK]”. Live versions of your rights that contradict each other count against Loanch’s Safety score.
- The loan originator can take a claim back early, at its own choice. Wherever the assignment agreement grants that right, you get no compensation for the interest you’d have earned (returns).
- No public document says how Loanch is paid. Investors pay no fees, and neither the terms nor the pre-contractual information sheet names any payment from the loan originators to Loanch.
- Loanch’s main loan originators belong to a group that listed Loanch among its partners. Fingular owns the companies behind Tambadana and Ammana, and its website listed Loanch among its “Fingular partners” in 2024, while the register shows Loanch’s operator owned by one person with no link to Fingular on paper (loan originators).
- The loyalty program pays more the more you keep on Loanch. Extra interest starts at 0.25 percentage points from €3,000 and reaches 1.5 from €80,000, and a portfolio that dips below the next level during the 90 days needed to reach it starts the 90 days again unless it’s restored the same day. The bonus rises with how much you keep on a platform whose money sits almost entirely with one loan originator.
How do you use Loanch?
You use Loanch in four steps, from signing up to choosing how your money is invested.
- Sign up as a private individual living in the European Economic Area or Switzerland.
- Verify your identity, which Loanch’s terms require before you use the platform.
- Add euros by bank transfer from an account in your own name.
- Choose how your money is invested, by hand on the market or with an auto-invest strategy.
Loanch has the lowest Usability score of the 21 platforms I’ve reviewed, 2.5 out of 5. The score rests on Loanch’s two ready-made strategies and its simple custom strategy, against a dashboard with no page for the agreements you buy under, no tax document in its terms or help pages, and support by email and form only.
Opening an account
Loanch verifies your identity before you can use the platform. I registered on 23 April 2024, and my account was verified 67 minutes later, by the time stamps of Loanch’s two emails. Only private individuals aged 18 or older, investing in their own name, can sign up. Under its terms of 30 September 2026, accounts approved on or after 17 April 2026 need residence in the European Economic Area or Switzerland, and older accounts may keep investing from elsewhere. The same terms give you 14 days to withdraw from the agreement and keep your home country’s courts and consumer law. The FAQ still says companies can invest, which the terms rule out. Two-factor authentication was optional, and off on my account, on 26 August 2026.
Deposits
Depositing on Loanch is free by bank transfer in euros from an account in your own name. When I opened the deposit page on 26 August 2026, without depositing, transfers went to the operator’s account at MultiPass, the UK e-money institution that holds your cash, under a British IBAN, and the page warned at length against currency conversion and gave “up to 3 working days” for transfers to arrive. Under the terms of 30 September 2026, the sending account must be at a bank or payment provider in the European Economic Area or Switzerland.
Auto-invest
Loanch has two kinds of auto-invest, its ready-made strategies Go Long and Go Short, and a custom strategy you set up yourself.
| Way of investing | Who picks the loans | Limit per loan originator | Getting out before maturity |
|---|
| Go Long or Go Short | Loanch, from loans paying at least 15.90% for up to 182 days, or 13.60% for up to 32 days | Set by the strategy | None, you hold each claim until it’s repaid |
| Custom strategy | You, by rate, term, loan type, country and loan originator | None, though you can leave loan originators out | None |
| Buying by hand | You, one loan at a time | None beyond your own choices | None |
I looked through both ready-made strategies and the custom strategy on 26 August 2026, without setting one up. Both ready-made strategies put €10–50 into each loan, buy only loans with a buyback obligation and stop at €10,000. AhaPay’s 243- and 335-day loans fit neither, so only a custom strategy or buying by hand reached them.
Tax reports
Loanch’s terms leave determining, reporting and paying tax on your interest to you, and neither the terms nor its FAQ mention a tax report or a statement to download, as of November 2026. The dashboard has a statement page, which on my unfunded account read “Nothing was found, you need to deposit money into the account” on 26 August 2026, so I couldn’t see what it lists.
Support
Loanch’s support runs through a complaint form, info@loanch.com and its Zagreb postal address, per its dispute procedure, a route no support contact of mine has tested. Its Help Center link leads to an FAQ page and a contact page, and complaints are acknowledged within 10 business days.
How fast can you get your money out of Loanch?
You can withdraw cash from Loanch for free within 3 business days under its terms, in amounts of €50 or more. Invested money comes out only as the loans behind your claims are repaid or bought back, because Loanch has no secondary market. Money with a loan originator that stops paying waits on recovery. In 2026 deposits were unavailable for more than 11 weeks, and investors reported withdrawals failing (withdrawals).
Loanch is tied for the lowest Liquidity score of the 21 platforms I’ve reviewed, 1.5 out of 5. The score rests on Loanch’s published terms, since my account has held no money, and on the 2026 freeze, when its payment rails were tested.
Withdrawals
Loanch withdrawals are free and take up to 3 business days under its terms, with a €50 minimum. A withdrawal counts as “processed” when Loanch initiates the payment, not when the money arrives, and the terms allow longer for verification or “operational issues”. The pre-contractual information sheet still gives the minimum as €10, and the homepage says withdrawals are “typically processed by the next business day”. The withdrawal page I opened on 26 August 2026 accepted only the first two bank accounts used for deposits.
Deposits and withdrawals on Loanch were disrupted in early 2026. Poland’s financial supervisor KNF revoked the payment licence of Quicko sp. z o.o., Loanch’s payment provider, on 21 January 2026, and ordered it to wind up its client relationships and pay out their money by 30 April. Deposit methods were unavailable from 5 February to 25 April 2026 by Loanch’s own dating, and investors on Trustpilot reported withdrawals failing from 7 February, with waits beyond six weeks and unanswered tickets. The platform’s replies there said the revocation “affected withdrawals across our platform”.
An amendment to Loanch’s terms, dated effective 2 February 2026 and published between 1 February and 9 March, let Loanch “refuse, delay, or return payments, including withdrawals” where they carried risks it judged at its “sole discretion”, or where its payment providers required it. The terms of 29 May 2026 dropped that wording. Loanch later restarted its bonuses for affected investors, and the same compensation post admitted that “some of our previously published materials did not accurately reflect” how the program worked. The withdrawal terms hold only while Loanch’s payment provider keeps its licence, and in 2026 one lost it.
Closing your account
You can close your Loanch account by request once you hold no active claims, and claims you hold keep running until they’re repaid, bought back or written off. Closing doesn’t give you a right to an early exit, and the €50 minimum doesn’t apply to the closing balance, which Loanch pays out after deducting anything you owe. The platform can close your account without giving a reason on 10 days’ notice, and after 12 months without activity it may contact you and close it, but not while you hold active claims. The terms let Loanch trigger an early exit that you can’t demand. If you fail a verification or document request, Loanch may arrange the repurchase of all your active claims, and the terms say this “does not give the User a right to demand an early exit”.
What fees does Loanch charge?
Loanch charges no fee to deposit by bank transfer, invest or withdraw.
Loanch fees and costs | Deposit fee | Free by SEPA bank transfer in EUR, own-name account |
| Investment fee | Free |
| Early exit fee | No secondary market loans held to maturity |
| Withdrawal fee | Free minimum €50 · to your first two deposit accounts · processed within 3 business days per the terms |
| Currency conversion | EUR-only platform non-EUR transfers converted at the payment provider's rate |
| Inactivity fee | Free |
| Withholding tax | 0% the platform withholds nothing, you declare the interest yourself |
The external costs of collecting a bad loan may also be charged to the investors concerned, “on a fair and proportionate basis” (defaults and recovery). The terms let Loanch introduce fees on 10 days’ notice, so “free” describes October 2026, when the fees were last checked, not a promise. The pre-contractual information sheet refers fees to a price list the site doesn’t publish.
Pros and cons
What Loanch does well
- Loanch's terms keep your consumer rights. The terms of 30 September 2026 give you 14 days to withdraw from the agreement and keep your home country's courts and consumer law. The terms also promise that no amendment alters a claim you already hold.
- You can check each loan originator's accounts before you invest on Loanch. Loanch links the audits and monthly reports of all three companies on its loan originators page, including the two audits that show negative equity.
- Loanch charges investors no fees. Depositing by bank transfer, investing and withdrawing are free, and Loanch withholds no tax, as of October 2026.
Where Loanch disappoints
- Loanch's deposits were unavailable for more than 11 weeks in 2026, and investors reported withdrawals failing. After Poland's financial supervisor revoked the licence of Loanch's payment provider, deposits were unavailable from 5 February to 25 April by Loanch's own dating, and investors reported withdrawals failing from 7 February.
- Almost all the money on Loanch is lent through one loan originator. Tambadana, a Malaysian company wholly owned by the Singapore group Fingular, held 99.8% of investors' outstanding money on 20 October 2026, per Loanch's statistics. The buyback on those loans is only as strong as Tambadana's balance sheet.
- Loanch's documents contradict each other on the buyback that protects you. Loanch's homepage and loan originators page promise a buyback once a loan is 30 days late, while its risk statement, the only published legal document naming a trigger, says 60. The assignment agreement behind each loan couldn't be opened from the loan pages I tried in August 2026.
- No financial supervisor licenses the company that runs Loanch. The Croatian consultancy behind it dates from February 2026, too new to have published accounts. Latvijas Banka lists Loanch among companies offering financial services in Latvia without the licence they require.
- Sh Tech, the Fingular company behind Ammana, listed Cashwagon's founder as a director in December 2024. Sh Tech's 2023 audit names Maxim Chernushchenko, the name under which Cashwagon's press releases presented the company's founder and CEO. Mintos suspended Cashwagon's lending companies in 2020 and has written off €5.7 million that Mintos investors had in them.
Who should use Loanch?
Loanch suits only investors who put in money they can afford to lose in full, knowing whose balance sheets stand behind it.
Loanch suits:
- Investors sizing a speculative position in unregulated emerging-market consumer credit for total loss
- Investors who’ve read the loan originators’ audited accounts and accept whose balance sheets stand behind the buyback
- Investors who want €10 claims, two ready-made strategies and no fees
Avoid Loanch if you are:
- Needing your money back when you choose, because deposits were unavailable for more than 11 weeks in 2026, investors reported withdrawals failing, and Loanch has no secondary market
- Wanting your money spread across independent loan originators, because one Fingular company held 99.8% of investors’ outstanding money on Loanch in October 2026
- Relying on the buyback, because Loanch’s own documents disagree on when it starts and its agreement couldn’t be read before buying in August 2026
- Looking for a regulator or a compensation scheme behind the platform, because Loanch has neither
- Weighing who runs a lending group before you lend to it, because Sh Tech, the Fingular company behind Ammana, listed Cashwagon’s founder as a director in December 2024
