What is a P2P loan?

General Questions

About LEND

Data Protection and Security

Registration and Identification

Peer-to-peer or "P2P" loans are arranged between individuals without involving a bank. The lender chooses the loan projects and ideally invests in multiple projects to build a diversified portfolio. Borrowers receive their funds directly from lenders. This means better returns for lenders and lower interest rates for borrowers than they would get from banks.

LEND connects lenders and borrowers directly and online. Better rates for everyone!

What's the difference between a LEND loan and a bank loan?

LEND arranges loans directly between individuals 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 and investors. Borrowers profit from low-interest rates, and investors earn significant returns.

LEND is completely fee-financed and has no interest in offering high-interest loans. The reasonable interest rates earned on our loans compensate LEND investors for the risk of their investment.

What is the regulatory framework?

Switzerlend AG has a lending licence from the "Amt für Wirtschaft und Arbeit", a member of the self-regulatory organisation Polyreg and as such a supervised financial intermediary.

Switzerlend AG is contractual counterparty to both borrowers and lenders. This means that borrowers enter into a loan agreement with Switzerlend AG and investors purchase claims from such loan contracts by means of claim purchase and claim assignment.

This principle structure guarantees that the regulatory obligations remain with us and not our users. We can ensure compliance with regulation regarding Anti-Money Laundering and consumer loans.

This is a stable structure that we can build on.

How does LEND make a profit?

LEND charges a fee for arranging the loan, managing all associated documentation, loan payment processing, and general support of LEND members at every step of the way. The interest rate on individual loans has no effect on fees charged.

What fees does LEND charge?

Borrowers: 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, e.g. for an appraisal. Otherwise, borrowers only pay once a loan project has been successfully financed. We then either deduct this fee directly when the loan is paid out or issue a separate invoice.

Investors: Our investors pay an annual fee of 1.00% of their investment. The fee is deducted directly from the borrower's repayments. If an investor finances CHF 1,000 of a loan, the annual fee is CHF 10.

For further information, please consult the fee schedule.

Who operates LEND?

LEND is a service of Switzerlend AG, located in Zürich, Switzerland.