Estateguru Reviews 1,514

It is a kind of scam platform that you should avoid at all cost. Shady borrowers with the knowledge of the platform will take your money, you will wait for recovery until the end of the world. And when you are waiting Estateguru will take any money you have with inactivation fees, hidden fees and many other tricks. Just stay away.

8 out of 15 loans are in default and are being recovered for over 3 years now. The response from them is always the same (as it is the same under the reviews here. 60 mil recovered, I have not seen a single euro from these).

I consider myself lucky to have only lost about 55% of the money I "invested" with them because I always check my email and withdrew everything (left) before they started charging fees. Stay well clear, it may have started with good intentions, but it is now nothing but a scam.

edit: As you can see from the obviously copy-pasted answer.... As if to prove my point...

Please don't spend your hard earned money on this business. If you have already put into estateguru and their defaulting loans, best to forget about it. Even if you get something back, you will realize its all taken as fines by estateguru due to no account activity if you dont log in asap and withdraw(why would anyone even check the account when there is nothing but default there)

Too many defauts, with high fees

Their 'inactivity fee' policy is an unethical way to charge users for closing their account. Your account is deemed inactive (and charged) after 11 months of no 'new' investments. Most contracts are 1 year, so they are not even waiting for the average contract to expire before taking money that is not theirs. It gets worse, many contracts are years long and bad loans will extend that time. This policy effectively assigns all your remaining money to estateguru. They say you can wait for the warning and then withdraw all your money every month so the balance is 0 euros, but of course there is a fee for that too. Also, why should the customer have to do this every month for months (possibly years) while they wait for the last few loans and reclaimed money to arrive in their account.

In short, this policy aims to claim your remaining money when you want to liquidate. This is an extremely unethical practice, and my reason for the 1-star review.

A joke of p2p site. bad oferings, a lot of defaults, and a hell lot of taxes. inactivity tax, widrawal tax. stay away.

Don't invest here. I have 74 loans portfolio in Estateguru and all in default. Looks like they don't do anything to get borrowers to pay back.

Runaway! Made a test with 250€! Lost it all! Even an inactive fee was charged! When they lost my money from investments and they want me to put more money lool

Please don't invest in Estateguru. Very unserious business they do. You don't have any transparency, what happened with defaulted loans. Support giving only the same reply it takes time.

But worst which applied to me recently since i haven't checked in a few months, loan got partly recovered, got some money back, but since it has been dormant, you get charged 50€ for being dormant.

Absolutely ridiculous. Avoid by all means.

I decided to invest a significant amount of my company's proceeds into EstateGuru as the reviews at the time looked very good (before Covid) and the business plan seemed solid. After all, what can go wrong when your investments are going into properties that can be legally sold off as collateral, providing you with a high degree of safety on paper?

So I invested in about 75 projects over time, totalling over 11.000 euros. 37 have been repaid in full, 7 have been recovered (meaning the loaner defaulted, but EstateGuru got my money back via legal proceedings), 3 are partially recovered AND 27 loans are STILL outstanding 4-5 years after they defaulted, totalling 4.400 euros that I cannot get out. I have tried selling them off at significant discounts in the secondary market, but who wants to buy loans that have been defaulted for years on end without any progress?

And what has been EstateGurus response? Over a year ago, they suddenly started siphoning off 50 euros from my account every month for an "inactivity fee". So all gains in interests I might have made over the years are gone. My choice to avoid this charge is either to invest (there are no available funds in my account since I withdrew everything I could when my alarm bells started ringing) or I can withdraw money. Which of course is impossible since no one wants to buy my defaulted loans (which have been defaulted for 4-5 years) on the secondary market.

This "inactivity fee" is legal theft, plain and simple. I will NOT invest a single dime into this fraudulent business anymore and I STRONGLY advise anyone else considering this platform to avoid it at all costs! Suddenly charging users a substantial inactivity fee every month - where your only option of avoiding it is effectively to "invest" in more projects that carries a huge risk - is such a scummy and unethical move that it goes beyond words.

So, to summarise: I still have 4.400 euros on the platform tied into defaulted loans which I have no hopes of ever getting back. They have been defaulted for several years. My money will be eaten by "inactivity fees' long before they are ever recovered. So I have written them off as a lesson to myself to never invest in crowdfunding platforms ever again, no matter how good they look on paper!

Avoid this as the plague!

This is how Estateguru legally scams & steals your money:

Investor put their money in various projects/loans because the website "advises" you to diversify, resulting in several loans of small amounts running for many months.

However, many of the loans are not paid back and take several years hoping to be resolved.

As a result :

1) Inverstors do not put more money and stop investing waiting for their money back... So Estateguru very cleverly applies fees/penalties for "inactivity".

Either you lose money by being active or you lose money by being inactive. Very smart business plan.

2) As most of the loans are "diversified" and split in many small amounts, it means that you receive little sums here and there but the moment you want to transfer this money on your account... you have withdrawl fees to pay which are very high compared to the little sums you receive and kills your profitablity (you actualy lose money)

This forces you to leave the money on their accout and wait... but remember, when you wait you have fees/penalties or your money gets eaten by inflation.

So if you take your money out you lose and if you leave it you lose. Very smart business plan

Run away from this type of legal scams.

Not possible to withdraw money. BUT charging for not withdrawn money. Zero reaction to my 4th support request in several months. Scam

Taking out all my money from the platform, all time avarage interes 3.62%, not worth holding your money. Also they charge to take money out and if your have defaulted loans waiting for your money to come back then they will charge 10€ for additional 'inactive account' fee. Total scum business. Not recommending it.

EstateGuru promoted its risk management to attract investors. Yet almost all of the German loans went straight into default. In their updates, they claimed they were having difficulty recovering funds because the borrowers were "hostile." All of them? How is it possible that none attempted to repay? This suggests they may have loaned significant amounts to only a few individuals — which raises serious concerns about possible fraudulent activity within the company.

When confronted, the CEO stated that they were conducting an internal investigation. But is that really acceptable? This situation demands a criminal investigation by the authorities, not a private internal review.

Furthermore, the company should not be allowed to hide behind its "ongoing investigation." The CEO owes the public a full and transparent explanation of what happened. Personally, I would recommend contacting the Estonian government to request official action.

PS. EG, do not bother replying with some "We understand your frustrations,"copy and paste nonese. Your actions show us you don't care.

Unloyal practises. In case you miss their email they charge you 10 euro for "inactive account". If I am lucky to get back my money from defaulted German loans I will never ever use this platform again!

Terrible. Lost money. Money stuck in a loan for 4 years, they cannot repay it. And they are charging 10 € for my innactive account. How can I be active user if I don't get any money from it?

I’ve been on the platform since Covid. I’ve put in about £16k and withdrawn around £6k, including any earnings. Despite their repeated reassurances that “cases take time” and updates about collateral, over 30 of my loans have been in default and “in recovery” for more than two years. That means £10k of my capital is locked up in defaulted loans.

It’s also incredibly difficult to track updates. You have to open each individual loan and scroll through long, generic, copy-pasted messages.

If you’re considering where to invest your money, I’d strongly suggest looking elsewhere.

I don't like only the fact the we pay 3 EUR for a withdrawal from the platform. Overall I like the platform very much.

I invested and utilized this platform, unfortunately for some years. NEVER put your money there. They have an approximately 27.45% default rate!!!! they do not do any concrete recovery process and they never update regarding the recovery process.
They have a fee for sales on secondary market 3% (they charge it to you even if you sell the quote to a lower price to the one paid to buy the quote), fee to withdrawal money too of 3EUR, inactivity fee minimum 10EUR for month and others too! They are not able to work seriously, they do not know what they do, they are not able to select the project developers, they select companies with ridiculous financial and economical balances that none would ever borrow money to them, but estateguru does. Stay away from this scam. Their defaults last more than 4 years with no updates.

They continuously publish projects with no filter and sense, just to gain more commissions possible.

What make us very angry is that they spend lot of money advertising on youtube! For that they have the money.

I reported them to the EU, I hope they will close and the EU authorities will freeze all their asset and patrimony of each one working there (last option very hard) and ban all these people to do any commercial activities.