You will find the most important information in the factsheet below. The factsheet applies to loans with monthly instalments (i.e. annuities)
Borrowers
Important Points
Applying for a Loan
Loan Repayment
Fees
How are payments credited for personal loans?
Are loans immediately amortized?
Personal loans are amortised immediately. Mortgages and business loans often have to be repaid at the end of the term.
How and when do I make payments on my loan?
We send an invoice by email for each payment 10 days before the due date. You can also find the invoices in your LEND account. To prevent irregular payments and costly reminders, we advise you to set up a standing order with your bank right from the start.
What happens if I miss a payment?
You will automatically be in default and will have to pay additional costs and default interest. We may also terminate your credit agreement.
Can I pay back my loan ahead of schedule?
Yes. There are certain costs involved. You can find out more about this in our fee schedule.
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.