Your loan is financed by investors who rather invest their money in private individuals than some expensive financial product where it is the bank that makes the big profit. Normally, they also like the concept of collaborative consumption. Crowdlending is right down there.

Personal loans

The process for personal or consumer loans is highly automated. You open a LEND account, click through our application process and immediately see a non-binding offer from our AI credit model. You then upload a few documents and we review your specific situation, assess the credit risk and offer you a contract.

Mortgages

You open a LEND account and provide a few details about yourself and the property you wish to use as collateral for the mortgage. One of our mortgage specialists will then contact you to discuss your specific situation.

SME loans

You open a LEND account and go through the application process online. Please note that we only grant loans to companies that are registered in the commercial register, can provide at least two annual financial statements and have an annual turnover of more than CHF 100,000.

LEND assigns an individual credit score to every borrower, based on information provided by the borrower, combined with third-party information ("Scoring"). The score reflects the probability that the borrower will pay back the loan in full. LEND uses this score to divide borrowers for both consumer and SME loans into risk categories A, B, C, D or NR. Each risk category represents a range of interest rates within which the borrower may apply for a loan on the LEND platform. Within this interest rate range, LEND will assign a concrete interest rate, based on factors like the loan period and the amount of the loan.

In addition to the traditional risk classification methodology, we also factor in a few more modern and innovative methods to assess risk. On top, LEND borrower can take out insurance, covering risks against death, disability or unemployment.

LEND exchanges information with all offices and information providers required for a thorough risk underwriting. Typically, this involves the Central Office for Credit Information (ZEK/IKO), credit reporting agencies and debt collection agencies.