# LoanShark Reviews
**Vendor:** Data Designs  
**Category:** [Loan Servicing Software](https://www.g2.com/categories/loan-servicing)  
**Average Rating:** 3.4/5.0  
**Total Reviews:** 4
## About LoanShark
LoanShark is a mortgage and loan management software solution that allows you to manage, record and document your incoming loan payments.




## LoanShark Reviews
  ### 1. Helpful service with great U.I and easy to track and manage

**Rating:** 4.0/5.0 stars

**Reviewed by:** Aakash G. | Junior Accountant, Small-Business (50 or fewer emp.)

**Reviewed Date:** February 12, 2024

**What do you like best about LoanShark?**

An easy to access service with providing loan to people with average credit scores. Also its U.I has been set decent enough to manage loans at once.

**What do you dislike about LoanShark?**

The interest rate is quite high as compared to its other peers which can make repayments a bit complex.

**What problems is LoanShark solving and how is that benefiting you?**

Loanshark solved my problem when i needed some liquid cash at the case of emergency and it also helped me to plan my loan repayments so i dont miss any due dates.

  ### 2. Great service for those in need

**Rating:** 3.5/5.0 stars

**Reviewed by:** Lacey P. | Small-Business (50 or fewer emp.)

**Reviewed Date:** July 18, 2023

**What do you like best about LoanShark?**

LoanShark may be more accessible to individuals who have poor credit scores or don't meet the strict eligibility criteria set by traditional lenders. This perceived flexibility could attract those who have been rejected by banks or other financial institutions.

**What do you dislike about LoanShark?**

LoanShark charges exorbitant interest rates, often far above the legal limits set by regulatory bodies. Borrowers can find themselves trapped in a cycle of debt with mounting interest charges that are difficult to repay.

**What problems is LoanShark solving and how is that benefiting you?**

LoanShark makes it possible for me to take out loans when necessary. However, LoanShark does not necessarily solve any problems that would benefit me, as you have to be very careful when using the LoanShark service to make sure you are not being taken advantage of.

  ### 3. Variety of products with competitive interest rates

**Rating:** 4.0/5.0 stars

**Reviewed by:** Mayank K. | Senior Risk Consultant, Small-Business (50 or fewer emp.)

**Reviewed Date:** July 08, 2022

**What do you like best about LoanShark?**

Easy to manage loan information. Many convenient loan conversion options.

**What do you dislike about LoanShark?**

Long waiting time customer support. More transparency is required in terms of information on final EMI.

**Recommendations to others considering LoanShark:**

Not great but good loan management application

**What problems is LoanShark solving and how is that benefiting you?**

Managing multiple loan information on one platform.

  ### 4. High interest rates input 

**Rating:** 2.0/5.0 stars

**Reviewed by:** Verified User in Financial Services | Small-Business (50 or fewer emp.)

**Reviewed Date:** October 24, 2017

**What do you like best about LoanShark?**

Easy to get your loan information on system. 

**What do you dislike about LoanShark?**

Interest rates are extremely high. Customer service is hard to communicate with. 

**Recommendations to others considering LoanShark:**

Lower rates and wait time to talk to customer support. 

**What problems is LoanShark solving and how is that benefiting you?**

Having my funds liquid. Easy to make payments. 


## LoanShark Discussions
  - [What is LoanShark used for?](https://www.g2.com/discussions/what-is-loanshark-used-for)

- [View LoanShark pricing details and edition comparison](https://www.g2.com/products/loanshark/reviews?section=pricing&secure%5Bexpires_at%5D=2026-05-16+19%3A18%3A21+-0500&secure%5Bsession_id%5D=cc270b2e-5e88-4643-ab58-57dc3fe77420&secure%5Btoken%5D=956dd1a3245b9801a78d09a5f0153273c1d2c5adb28fa51da9cb2e8fbb18d98e&format=llm_user)


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