PRIVATE LOAN
Loans from Lend
Lend is a Swiss crowdlending platform (P2P) that connects borrowers and investors. The required amount is loaned directly by investors – private or commercial – to borrowers. P2P platforms charge a fee for their services. All fees are clearly stated and are included in the effective annual interest rate.
The information on this page relates to personal loans. The products of lend.ch are also available to business customers. Investors can also invest in personal loans and SME loans. The rates and conditions for investors are fixed – auctions are not used.
Lend personal loans
Traditional instalment loans
Effective annual interest rates ranging from 4.5% to 9.8%
Loan amounts from CHF 5,000 to CHF 200,000
Lend offers repayment terms of 12 to 84 months
Minimum age 20, maximum age 64*
Special features Lend private loan
At Lend, loans are available to employed persons, self-employed persons and SMEs.
The maximum age for taking out a loan is 64, except if you are a homeowner. *If your loan is secured by a mortgage, you can take out a loan if you are 65 or over.
Loans are usually financed after a few days, but must be financed within 30 days. If a loan is not financed within this period, the borrower can choose to extend the project by 30 days.
Lend offers the option of taking out payment protection insurance to cover complete incapacity for work and death.
The cost of the insurance is 3.979% of the monthly instalment.
At Lend, there is no charge for the early repayment of loans covered by the Consumer Credit Act (amounts up to CHF 80,000).
You are required to notify the lender of any change of address.
Interest statements are free of charge. All address enquiries, reminder fees as of the 3rd reminder and collection expenses are charged to the customer.
Payments are only made to a Swiss bank account.
Lend loan approval
The actual interest rate for your loan will be determined after the application is submitted. The interest rate is determined by a Scoring from A to E, considering your credit scoring among other factors.
The lowest interest rates are usually only offered if you have a very good credit rating, and the criteria are not fully available to the public. The minimum eligibility criteria are available to view on the Lend website.
Our loan comparison provides an overview of the interest rates offered by other lenders.
1. Protection from over-indebtedness
The Consumer Credit Act applies to loans of up to CHF 80,000. For loans above this amount, consumers are not protected by the Consumer Credit Act. Calculate approximately how much you can afford to borrow.
2. Choose repayment term
The benefit of a longer repayment term is that the monthly instalments are lower. The longer the repayment term, however, the higher the total cost of the loan.
Nevertheless, it is advisable to plan realistically and, in particular, budget for irregular and unexpected costs.
You can pay off (amortize) the loan earlier at any time, which will reduce the cost of your loan.
3. ZEK and credit check
The Central Office for Credit Information (ZEK) is a platform for banks to exchange information on the credit standing of their clients. The ZEK registers all information on transactions involving personal loans, car leases and credit cards. If anybody promises you a loan without involving the ZEK, this is usually an untrustworthy lender.
Learn more about credit score.
4. Eligibility criteria
Each lender specifies his own risk and approval criteria, which are not or only partially communicated to customers or the general public for security reasons. Visit loan eligibility criteria and applying for a loan for more information.
Did you know…
Each loan provider assesses your profile differently.
Around 50% of loan applications sent directly to lenders are rejected.
If your application is rejected, you usually won't learn the reason why.
Every rejected loan application is registered with the ZEK and can be viewed by member lenders for a period of two years.