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.
Through LEND, almost anyone can receive a loan, as long as you are not a minor, you live in Switzerland and you have a Swiss bank account. Borrowers should also have a regular source of income.
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.
If you are interested in loans for students or other educational needs, we recommend you visit Splendit on www.splendit.ch. They specialize in exactly this type of financial support.
Registering as a borrower and placing a loan request are free of charge. After your loan project is successfully funded, you pay an annual score based fee. This fee is charged for the entire term of the loan and deducted from the initial loan payout.
For more information, please consult our fee schedule.
As a borrower we recommend taking out an insurance with our Partner Helvetia Versicherungen, covering the risks of unemployment, death and disabilities. The insurance premium is a percentage of the monthly rate and is invoiced as part of it. For example, if you lose your job due to a restructuring, Helvetia will pay your monthly rate for a maximum of 12 months. This should be sufficient time for you to get back on your feet.
Important: An insurance normally enhances the credit risk and hence results in 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.