Smart investors. In other words, private or institutional investors who prefer to invest directly in individuals or companies rather than in expensive financial products that primarily generate handsome profits for the bank. That's what Crowdlending offers.
Borrowers
Important Points
Applying for a Loan
Loan Repayment
Fees
Who will finance my loan?
How does the application process work?
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.
What are the different risk categories and how is my interest rate determined?
LEND assigns each borrower an individual credit rating based on the information provided by the borrower in combination with information from third parties (‘scoring’). The score reflects the probability that the borrower will repay the loan in full. Based on this score, we divide borrowers into risk categories A, B, C, D or NR. Depending on the risk category, we set the interest rate that adequately compensates for the credit risk.
What information is shared with third parties?
LEND exchanges information with all offices and information providers necessary for thorough risk assessment (underwriting) and budget calculation. These include government agencies, credit rating databases (CRIF, Intrum, Creditreform) and, in the case of consumer loans, the Central Credit Information Office (ZEK/IKO).
How does LEND deal with attempted fraud?
LEND will prosecute any attempted fraud and press criminal charges in any event. All documents required by LEND can and will be verified.
More Topics
General Questions
Find out all about how we work, data protection, security and how to register with LEND.
Investors
Find out everything about investing with LEND, how your investments are secured and what fees apply.