Application & Review
Using Crowdlending via LEND, borrowers apply for their desired loan amount and term free of charge and with no strings attached. Applicants can also submit all required documents online.
On the basis of this information, we perform our loan assessment and assign a score to each loan project. All approved loan projects are published on our platform for financing.
From the moment the project is published online, investors have the opportunity to invest in it. If sufficient investors finance the loan successfully, the loan agreement is concluded. Our dashboard keeps applicants and investors informed of the current financing status at all times.
Worth knowing: The loan agreement is concluded with LEND. This avoids a direct contractual relationship between the borrower and investor, which reduces the legal burden for both parties and provides greater protection of their privacy.
Once the loan agreement is signed, LEND pays out the P2P loan deducting a small fee from the loan amount.
The loan amount plus interest is repaid with predetermined periods and payments. This process is also managed entirely by LEND. In the event of default or inability to pay, we intervene immediately and take the necessary steps.
Good to know: The loan amount can also be repaid prematurely at any time.