LEND arranges loans in a straightforward and efficient way. Our overhead costs are substantially lower than those of a bank and we pass on these savings to borrowers in the form of lower interest rates.
The whole process is quick and easy to understand, and can be completed online, either at home or on the go with your cell phone. There's no need to worry about business hours.
In principle, any private individual can apply for a loan via LEND, provided they are of legal age, reside in Switzerland, have an account with a Swiss bank and have a regular income.
Companies must be domiciled in Switzerland and registered in the commercial register. In addition, we generally require at least two annual financial statements and an annual turnover of CHF 100,000 or more.
LEND assigns an individual credit score to every borrower based on information provided by the borrower and third-party providers ("Scoring"). This includes information such as complaints registered at the local Debt Enforcement Office, entries at the Central Office for Credit Information/ZEK or overall debt-to-income ratio for personal loans and key financial ratios comparison, market and industry outlook for business loans.
Although the scoring process for consumer and business loans is quite different, in both cases the score reflects the probability that the borrower will pay back the loan in full and hence should be comparable.
The LEND risk score is mapped to the risk categories A, B, C or D. Each risk category represents a term-based range of interest rates within which the borrower may apply for a loan on the LEND platform.
Yes, you can. There are many different reasons taking a loan makes sense, whether it's paying off more expensive debt, renovating your home or an unexpected bill from the dentist. Whatever your loan needs are, you're at the right place with LEND.
For SMEs we offer loans for various categories such as growth, liquidity, fixed asset investment, research and development, real estate, pre-financing of current assets, debt rescheduling and refinancing.
For mortgages, we primarily cover bridge financing, retirement mortgages, or subordinated solutions for real estate professionals.
Opening a LEND account and credit checks are generally free of charge. In the case of complex checks, such as for mortgages, certain costs may be incurred, such as for an appraisal.
Otherwise, borrowers only pay if a loan project has been successfully financed. We then either deduct this fee immediately when the loan is paid out or issue a separate invoice. The fee schedule provides detailed information on this.
For personal loans, we also recommend taking out payment protection insurance with our partner Helvetia Insurance. This protects you against the risks of (unavoidable) unemployment, death and incapacity to work. If, for example, you lose your job due to restructuring, Helvetia will continue to pay your monthly instalments for a maximum of 12 months. We will invoice you for the insurance premium with your monthly payments. Important: Insurance generally reduces the credit risk and thus leads to lower interest rates.
Find out all about how we work, data protection, security and how to register with LEND.
Find out everything about investing with LEND, how your investments are secured and what fees apply.