LEND is registered as a financial intermediary and supervised by the SRO PolyReg which itself is supervised by the Swiss Financial Market Authority FINMA. As a financial intermediary we are required by law and regulation to identify all LEND members in accordance with the Swiss Anti-Money Laundering Act.
General Questions
About LEND
Data Protection and Security
Registration and Identification
Why do I need to be identified?
How does the identification work?
For personal loans, you will be identified online when you sign the loan agreement electronically. For mortgages, identification is carried out either in person or via a certified copy of your ID. For business loans, we also require an extract from the commercial register.
For investors, there are three options:
Online identification – With one click, you will be directed to our partner sealID, who will identify you online within a few minutes.
ID and verification payment - Upload a copy of your passport/ID in your LEND account and make an verification payment of CHF 1 from your bank account.
Certified copy of ID - Send us a certified copy of your passport/ID.
Why must I submit bank account details when registering with LEND?
We require the account details to process all payments between borrowers and investors. Specifically, we require the account details of borrowers and investors in order to disburse loans and transfer repayments to investors.
More Topics
Borrowers
Find out how to apply for a loan, how repayment works, what fees arise and what you need to bear in mind.
Investors
Find out everything about investing with LEND, how your investments are secured and what fees apply.