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!
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 compensates LEND investors for the risk of their investment.
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.
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.
Borrowers: 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.
Investors: Our investors pay an annual fee of 1.00% of their total investment. This fee is deducted from the monthly interest and amortization earnings paid to the investor. For example, an investor who loans CHF 1’000. for 36 months pays an annual fee of CHF 10. Approximately CHF 0.83 will be deducted from their monthly earnings.
For further information please consult the fee schedule.
LEND is a service of Switzerlend AG, located in Zürich, Switzerland.
Find out how to apply for a loan, how repayment works, what fees arise and what you need to bear in mind.
Find out everything about investing with LEND, how your investments are secured and what fees apply.