This is a frequently asked question. But no one wants to or can really give information. We explain how the banks decide, which criteria must be met and go into the most important special cases.
Basic requirements for taking out a loan:
To be eligible for a loan, the following requirements must be met:
- AgeApplicants must be at least 20 and no more than 68 years old.
- ResidenceYou must be resident in Switzerland or the Principality of Liechtenstein.
- Nationality or residence permitSwiss citizenship or a valid B residence permit or C permanent residence permit is required.
- IncomeRegular and secure income from a permanent and non-terminated employment relationship or a pension is required. The minimum net income should be CHF 3000, whereby a viability check is carried out in accordance with the Small Loans Act.
- Financial obligationsApplicants must not have any outstanding debt enforcement proceedings, certificates of loss or seizures.
These criteria help to ensure the financial stability and legal suitability of applicants.
Here we deal with special cases:
Temporary workers often encounter difficulties when they want to apply for a loan. Many banks consider the risks associated with temporary employment to be too high and therefore often reject such loan applications.
Basic prerequisite for borrowing: To successfully apply for a loan as a temporary worker, you must fulfil the following conditions:
- Duration of employmentYou should have been employed by the same temporary employment agency for at least one year without interruption.
- Regular incomeIt is important to provide evidence of a regular income from this activity.
These requirements are crucial as they provide the banks with a certain degree of certainty that you will be able to repay the loan.
It can often be difficult for self-employed people to obtain a loan. Many banks see a higher risk in granting loans to the self-employed and therefore often reject such applications.
Basic requirements for borrowing: To apply for a loan as a self-employed person, you must fulfil the following criteria:
- IndependenceYou should have been self-employed for at least two years.
- Tax documentsA definitive tax statement must be submitted.
- Minimum incomeYour annual income should be over CHF 40,000.
These conditions help the banks to assess the financial risk and ensure that you have the means to repay the loan.
Pensioners often face challenges when they want to apply for a loan. Many financial institutions require the loan debt to be settled before the age of 65. We, on the other hand, offer special credit options for pensioners up to the age of 68.
Basic requirements for borrowing: To obtain a loan as an AHV pensioner, the following conditions must be met:
- Minimum pensionYour monthly pension income should be at least CHF 3000.
- Freedom from debtYou should not have any outstanding debt collections.
These criteria ensure that pensioners have access to financial resources despite their age and can repay them responsibly.
IV pensioners often encounter difficulties when it comes to applying for a loan, as many financial institutions reject applications from IV pensioners. However, we offer special credit options for IV pensioners.
Basic requirements for borrowing: To successfully apply for a loan as an IV pensioner, you must fulfil the following criteria:
- Minimum pensionYour monthly pension income should be at least CHF 3000.
- Freedom from debtYou should not have any outstanding debt collections.
These conditions are designed to facilitate access to financial resources and ensure that IV pensioners have the opportunity to remain financially capable despite their limitations.
Unfortunately, loans for the unemployed not possible.
If you have a Cross-border commuter you are welcome to contact us. As Minimum requirement cross-border commuters have to at least 3 years be resident in Switzerland and also 3 years be employed by the same employer.
Yes, you can together with your spouse or partner apply for a loan. Your partner must give his or her consent by signing the credit application, to provide the credit together. However, your partner does not act as Joint and several debtor in the loan agreement.
By including your partner in the budget, you may be able to achieve a higher loan amount at better conditions received.
No. We can only provide you with a Grant financingif you have your Residence in Switzerland or the Principality of Liechtenstein have. Persons who outside these countries receive from us no credit.
Yes, you can order a Receive creditif you have been at least 12 months in Switzerland stop, your Residence permit is still valid at the time of the loan application and you also have a Unterminated and open-ended employment contract available.
In principle, the following applies no credit is possible due to open debt collection. With paid debt collections the likelihood of getting a loan is greater. Read in our blog post "Credit with debt collection". Find out more about this topic here.
In Switzerland, according to the Consumer Credit Act (KKG) not allowed to use a Bank loan without ZEK entry to grant you credit. For each credit check, your payment behaviour is checked against the Central Office for Credit Information (ZEK) checked. No Swiss credit bank will grant a loan if you have negative entries.
Request your personal extract from the Central Office for Credit Information. This is a free service. Check that the data is correct and, if there are any discrepancies, contact the responsible credit institution to resolve the matter.
If your statement contains serious codes (e.g. partial or total losses or collection measures), a No chance of a loan application. You would only provoke unnecessary entries, which would further worsen your chances of getting a loan.
Further information on these topics can be found here:
- Request a personal ZEK extract
- What is the ZEK
Have you ever had a Credit, Leasing or a credit card and your Instalments always paid on time? Then you belong to the privileged borrowers! Banks appreciate good payers, which is particularly evident in low interest rates and very good scoring values is noticeable.
For persons without Credit experience the banks calculate a Higher riskwhich is both the Interest rate as well as the Amount of the loan influenced. Success in obtaining a loan depends heavily on the appropriate preparation. This is particularly true when it comes to successfully obtaining a loan. As Prospective borrower you have to fulfil a number of requirements to be eligible for a Lending to be taken into consideration.
We know the market and know where you have the best chance of getting a loan. We create a professional credit dossier for you and take care of the entire loan processing. We represent your concerns competently and confidently to the banks.
If you have any further questions about our products and services, please contact our credit hotline on 0848 000 100 (local rate)
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