The consumer loan market in Switzerland is roughly around CHF 7 Billion with a yearly volume of around CHF 4 Billion. The maximum interest rate permitted by law was lowered to 10% by the Federal Council in 2016. Banks exhaust that limit by regularly charging 9.95% interest on their loans. We don’t like this, particularly because banks themselves can borrow money at around 0.25% interest. A pretty nice margin…
We don’t like this and we know there is a better way of doing business. On lend.ch we eliminate banks from the supply chain and directly connect borrowers and investors who can meet halfway. This means lower interest rates for borrowers and higher returns for investors.
We bring along a good amount of experience but mostly the passion to make things better. We believe that the concept of a sharing economy and peer-to-peer exchange is our future. And we want to be part of shaping it with our peer-to-peer lending platform.
Personal, Corporate
