Lend or borrow with someone you trust.
Formalized, fair, simple. You and the other person set your own terms; CommonLend turns it into a structured loan agreement, tracks repayment, and our licensed banking partner moves the money.
Four steps, together.
Agree on the basics together
You and the other person agree on the amount, repayment schedule, and rate between yourselves (up to a maximum of 20% — see below).
CommonLend provides the agreement
We turn your agreement into a structured loan document using our template — clear terms, no ambiguity.
Our banking partner handles the money
CommonLend provides the architecture — your agreement, schedule, and tracking — and instructs our licensed banking partner to handle the actual payment flow, the same way our marketplace P2P loans work.
It can build your file too
Like our other products, on-time repayments can contribute to your CommonLend repayment history (not Schufa — see FAQ).
What you decide vs. what we handle.
- Loan amount
- Interest rate (if any) — capped at 20% APR, enforced when CommonLend generates your agreement
- Repayment schedule and term
- A structured loan agreement template based on what you've agreed
- Repayment tracking, reminders, and due notices
- Payment execution via our licensed banking partner
- Debt collection through a partner, if needed
Simple, shared terms.
Friends & Family uses the same origination fee schedule as our marketplace product — 1.0% for terms of 6 months or less, 1.5% for terms over 6 months — paid by the borrower.
Friends & Family questions.
We provide a structured loan agreement template based on what you and the other person agree, and our licensed banking partner handles the actual payments on our instruction — the same setup as our marketplace P2P loans. For questions about how your specific agreement holds up legally, we'd recommend independent legal advice.
CommonLend sends reminders and due notices on the agreed schedule. If a payment is missed and isn't resolved, we can refer the matter to debt collection through a partner — the same support we offer on our marketplace P2P loans.
No — P2P loans, including loans between people who know each other, don't affect your Schufa file in either direction. (This is different from our Secured Card, where reporting is automatic — see the Secured Card FAQ.)
Yes — to keep things fair, the rate you agree on can't exceed 20% APR. We'll let you know if your agreed rate is at or near this limit when we prepare your agreement.
The same as our marketplace product: a 1.0% origination fee for terms of 6 months or less, or 1.5% for terms over 6 months, paid by the borrower and deducted at disbursement.