Time and again you see adverts that promise a loan with immediate payout. But how realistic is this? In this article, we clarify whether such a loan is really possible in Switzerland and what you should look out for.
Immediate payout - A misleading advertisement
It sounds tempting: a loan that is transferred directly to your account within a few hours or even minutes. But the reality is different. In Switzerland, according to the Consumer Credit Act (KKG), there is no option for an immediate loan disbursement. This is because every granting of credit is subject to a legal Cancellation period of 14 days. This means that the loan can only be paid out after this period has expired. Anyone who promises otherwise is not acting seriously.
Beware of dubious providers
You should be sceptical if you see advertising that promises an instant payout or immediately available money. These are often made by providers who are not sincere. Reputable lenders will always point out the statutory cancellation period and never make unrealistic promises.
Fraud warning: Advance payments and fees
Another sign of dubious providers is the demand for advance payments or fees before the loan is disbursed. The rule here is: hands off! Reputable credit institutions do not require advance payments. If someone demands money from you before you receive the loan, this is a clear warning sign of attempted fraud.
How to recognise reputable credit offers
To ensure that you are dealing with a trustworthy lender, you should pay attention to the following points:
- Credit check: Reputable providers will check your creditworthiness and provide you with transparent information on all conditions.
- Cancellation period: Make sure that the lender complies with the statutory cancellation period of 14 days.
- No advance payments: Reputable credit providers do not charge any fees in advance.
Conclusion: Don't let yourself be dazzled
A loan with immediate payment is simply not possible in Switzerland. Don't be fooled by dubious advertising promisesInstead, you can rely on transparent and trustworthy providers. If you have any questions about a loan offer or are unsure, we will be happy to provide you with personal and comprehensive advice.