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Are you an Individual with a residence in Switzerland or a business registered in Switzerland?
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Who is eligible to apply for a loan?

Responsible individuals who are resident in Switzerland and at least 18 years old. Businesses registered in Switzerland.

Do I get a refund of my Listing Fee if my application for a loan is not posted on the 3CF platform?

As an individual borrower, the listing fee is not refundable, as this will cover administrative costs involved in the identification, verification and filtering of the loan application requests. However, business borrowers will receive a 50% refund if not listed on the platform.

How long does it take to review and process a loan application?

Individuals' applications:3 working days and Businesses' applications 3-5 working days.

How often can I apply for a loan on the 3CF platform?

For individuals, as many times as you want. Before a new loan can be granted, the previous loan must be paid back in full. Businesses can apply for both Crowdlending and Crowdfactoring loans multiple times and have several loans running simultaneously.

Can I remain anonymous on the 3circlefunding platform for Crowdlending loans?

Only individual persons can remain on the 3CF platform. Personal details will only be available to registered borrowers and lenders on the Loan Agreement Contract/Accession Agreement. This information will never be made public on the platform. Businesses’, for transparency reasons cannot remain anonymous to registered users on the platform.

Can the users on the platform communicate with each other?

Yes, registered members can publicly contact each other before and during the bidding process on the platform. After the loan bidding has closed, communication between members is only possible by private contact via their respective dashboard.

How is the credit rating formulated?

3CF analyses information provided from 3 credit checks agencies (Creditreform, Bisnode and Delta Vista). This information, together with other personal details, enables 3CF to formulate and assign an indicative credit rating concerning all loan applications.  

What are the limits for minimum and maximum Crowdlending loan borrowing amounts?

  • Individuals can raise 5,000 to 250,000 CHF 
  • Businesses can raise 25,000 to 500,000 CHF

Is there a minimum/maximum duration for the loan?

Individuals and businesses: between 1 and 60 Months

Who determines the loan interest rate?

The applicants themselves. For individuals this is set at a maximum of 10%.

What is Form A?

Form A is a declaration that the borrower/lender is the beneficial owner of all funds deposited in the 3CF escrow account. 

What are the advantages of borrowing with 3CF?

  • Alternative social funding channel
  • Facility to set your own loan parameters
  • Provide indicative credit rating to attract investors on the 3CF platform
  • Provision and electronic signature of contract templates and contract exchange
  • Receipt, collection and distribution of loan repayments to lenders

What are the advantages of lending with 3CF?

  • Transparency to invest in what you want with whom you want
  • Provide identification and verification of all authorised individual/business borrowers and assign an indicative credit rating
  • ‘1st come-1st served’ - fund what you see on the platform 
  • Opportunity to invest in multiple loans at the same time or multiple times in a single loan
  • Autoinvest (automatic bidding)
  • Secondary Selling Market (buy and sell loan parts)
  • Provision and electronic signature of contract templates and contract exchange
  • Management and apportionment of monthly payments to investors

Are the loans guaranteed?

  1. No. Individuals are not required to cover the loan with collateral or death insurance.
  2. No. Business loans are not secured.

What happens if a loan request on the 3CF platform is not 100% funded?

The loan request will be deleted from the platform and the borrower is more than welcome to apply again.

What happens if a party does not sign the loan agreement?

All parties must sign the Loan Agreement contracts within the requested time limits. If one or more of the involved parties does not sign the Loan Agreement contract on time, the contract becomes null and void. Thereafter, the loan will be published again 3CF platform, this reposting attracts no fees.

What happens in the event that a lender does not deposit the funds to back their respective bid?

All lenders must honour their respective bids by depositing the required funds in a timely manner in the 3CF escrow account. If one or more lenders fail to deposit the required funds, all loan agreement contracts will become invalid – null and void. In this event, all deposited funds will be returned to the originating lenders within 3-5 working days from the voiding of the contract. In this instance, the loan will be reposted on the 3CF platform at no extra charge to the borrower.

When is the 3CF service fee payable by the borrower?

The entire service fee is deducted from the loan amount before the payment is made to the borrower.

When is the 3CF service fee payable by the lenders?

The entire service fee is payable together with the payment for the lender’s respective loan bid.

How are the monthly repayments by the borrower handled by 3CF?

The monthly payments are deposited by the borrower in the 3CF escrow account. Thereafter, 3CF apportions the respective instalment amounts to the appropriate lenders.

Can I pay my loan back earlier than scheduled?

Yes, early settlement is possible. The whole remaining outstanding loan amount (principal amount plus remaining interest) can be paid back before the end of the loan term. 3CF does not charge for this service.

What happens if a borrower fails to make a payment on time?

We will remind the borrower of their respective obligations under the Terms and Conditions. We will send the borrower two reminders and inform the lender if the borrower has failed to make a payment. We will endeavour to get the repayment schedule back on track.

What is the Crowdlending Secondary Market?

Secondary Selling Market is where registered lenders can sell their loan parts to other registered lenders on the platform to free up their illiquid loans if the need arises. The Secondary Selling Market is open to registered lenders (both individuals and businesses) who would like to buy loan parts from other registered lenders (additionally from both individuals and businesses). Secondary Selling Market enables lenders to sell their loan part, either at cost rate, premium rate, flat fee or at a % discount rate.

Can a lender always sell their Crowdlending loan part?

Yes. For processing reasons, the lender cannot sell their loan part less than 10 days before the next due instalment.

What is Autoinvest for Crowdlening?

Autoinvest enables registered lenders to set-up and automatically fund loans with predefined buying criteria. Autoinvest is open to both individuals and businesses enabling them to invest in individual borrowers’ loans posted on the website, but Autoinvest does not facilitate automatic bids to fund Crowdlending business loans posted on the website.