The Swiss credit market is overcrowded these days and there are more offers than ever. Finding the cheapest loan offer is therefore not easy.
Many banks and financial institutions advertise with low interest rates. In most cases, consumers receive an expensive offer when applying for a loan.
Due to the constantly changing prices and laws, it is practically impossible for consumers to get an overview on their own. What many do not know is that wages no longer play a major role in the loan offer, but rather the overall credit rating is assessed.
The interest rate alone does not make up the offer, because there are credit providers who offer good interest rates, but the service is not right and customers are even charged a hotline plus waiting time.
Achieving a good credit rating with the banks is certainly the first step to the cheapest loan offer.
The following points are taken into account in a credit rating check:
– Length of stay in the country
– Type of income: Permanent, temporary, hourly wages, self-employed , pensioners
– Period of employment
– Tenant or owner
– Debt collection information
– Credit information : Payment behavior of older or existing loans
– Number of rejected and open loan requests
As listed, rejected credit requests can worsen creditworthiness and, in the worst case, even lead to rejection of the credit request.
The prerequisites for lending differ among companies. The banks strictly adhere to your regulations. It is therefore counterproductive to submit a loan request to a bank where the requirements are not met. The banks do not openly communicate what requirements have to be met for a credit request.
To get the cheapest loan, it is best to contact a loan expert because they are familiar with the credit points of the banks and are always up to date in the credit market.
With our credit inquiry , you can request a free consultation. Credit experts benefit. Even when an existing loan, a credit counseling is worthwhile because a credit repayment at any time.
Loans from abroad
In the country, a loan with a foreign domicile is only possible if you have a G residence permit and have been working in the country continuously for at least three years. For a serious loan offer, we therefore recommend only contacting domestic providers. A comprehensive credit comparison is offered by Smava.de for citizens of country . The offers are up to date and you can easily find the best loan offer.