How does Marketplace Lending work?
We are an online platform for the financing of private and small business loans. Instead of a bank, the loans are financed by private and institutional investors. Our innovative digital platform allows us to make the loan process more efficient. This benefits both borrowers and investors alike. Our borrowers receive low interest rates on their loans, and our investors benefit by receiving attractive returns.
How does p2p lending work
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Step 1: Loan request by the borrower
Completely free of charge, borrowers, individuals and companies can submit their loan request directly online. By using the CG24 online calculator, borrowers will have a view as to what their possible monthly rate will be.
Step 2: Send credit application and check credit request
Upon receiving the loan application, the provided information and documents are meticulously reviewed. The credit decision is determined based on our internal risk models. If the applicant meets our creditworthiness and affordability calculation, the loan application is assigned a rating according its risk profile. Following this, the credit agreement, along with the loan terms and conditions, is sent to the customer.
Step 3: Loan project is switched online - conditions for investors
Once the loan agreement is finalised, the loan project is published live on our website. All relevant information, key performance indicators (KPIs), and the expected returns for the project are provided. As a registered investor, you have the opportunity to invest in these projects, starting from as little as CHF 500, depending on the specific loan project.
Take a look at our current Investment oportunities.
Step 4: Credit project has been fully financed
Our private and institutional investors have a maximum of 14 days to finance the credit project and thus grant their investment offer. However, most credit projects are financed within a much shorter period. As soon as a loan project has been financed 100% by our investors, our investors receive a payment notice or their invested amount will be debited directly by direct debiting (LSV, english version?) from their account.
Step 5: The loan amount is passed
As soon as the project is fully financed, the loan is paid out. From this point onwards, investors will recognise the project as an active investment in their investor cockpit.
Step 6: Monthly repayment
Depending on whether you have invested in a bullet or instalment loan, you will either receive monthly amortisation and interest payments or a repayment at the end of the term. The repayment terms vary depending on the project and are clearly specified when the project is selected. You will receive regular repayments according to the repayment schedule, which can also be shown in your investor cockpit.
A service fee will be charged on repayments. Please refer to the fee table for the exact fees.
Invest in private, business and real estate loans.
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