The most favourable personal loan in Switzerland
You can apply for your favourable personal loan in Switzerland in just a few minutes with our online loan application. With fast processing, flexible conditions and transparent costs, you can take out your personal loan online via Checkall.
What is a personal loan?
A personal loan is a loan taken out by private individuals to cover personal financial needs. A personal loan can cover anything from financing a car or renovation to paying debts or unexpected expenses.
What is a favourable personal loan?
A favourable personal loan is characterised by low interest rates and fair conditions. Factors such as the amount of interest, additional fees and repayment flexibility influence how favourable a loan is.
How can I find favourable personal loans in Switzerland?
In order to find favourable personal loans in Switzerland, you should first compare different loan offers by using online comparison portals that clearly present the current interest rates and conditions of the various providers. A good credit rating and a stable income can also lead to favourable personal loans.
When should I take out a personal loan?
You should take out a personal loan if you need to make a major purchase or have unexpected expenses that you cannot cover with your current income or savings.
Who can apply for a personal loan in Switzerland?
In Switzerland, gainfully employed persons such as employees, the self-employed and pensioners can apply for a personal loan. As a rule, they must be able to prove that they have a regular income that ensures sufficient creditworthiness. In addition, applicants must be at least 18 years old and in some cases have reached a certain minimum age of 20 or 21. Swiss citizenship or a valid residence permit (B or C) is also required.
How can I apply for a personal loan in Switzerland?
You can apply for a personal loan in Switzerland as follows:
- Gather information: Get an overview of the various providers and their conditions.
- Fill in the application form: Fill in the application form of the desired lender, either online or in a branch.
- Submit documents: Submit the required documents, such as a copy of your ID, payslips and bank details.
- Check and decision: The lender checks your creditworthiness and informs you of the decision.
Can I apply for a personal loan online?
Yes, banks and comparison portals offer the option of applying for a personal loan conveniently online. Applying for a personal loan online saves time and often also paperwork. The process usually involves entering your personal details online, uploading the required documents and a digital signature.
Terms and interest rates of the personal loan
A small loan has interest rates between 4.90% and 9.90%, and the terms of the small loan can be chosen between 6 and 84 months. The possible loan amount ranges from CHF 3,000 to CHF 250,000.
| Minimum interest rate | 4.90% |
| Maximum interest rate | 9.90% |
| Runtimes | 6 to 84 months |
| Loan amount | CHF 3'000 - CHF 250'000 |
Requirements for the personal loan
To apply for a personal loan, you must fulfil the following requirements:
- Minimum age 20 years
- Residence in Switzerland
- Swiss citizenship, residence permit (B/C permit)
- Regular income (permanent and permanent employment contract)
- Financial sustainability of the loan
What documents do I need for a loan application?
You will need the following documents to apply for a loan in Switzerland:
- Copy of the identity card
- The last three payslips
- Health insurance policy (optional)
- Rental agreement (optional)
How long does it take to process a loan application?
It usually takes 3 to 5 working days to process a loan application. Processing begins with the submission of the application and the necessary documents, followed by a preliminary check by the bank, which takes around 1 to 2 working days. This is followed by a credit check, which also takes 1 to 2 working days. The credit analysis, in which the bank assesses your financial situation, can take between 2 and 7 working days, depending on the complexity of the case.
How quickly can I get the personal loan?
After the application has been checked and approved by the lender, the personal loan is usually paid out after the 14-day cancellation period has expired.
Costs of the personal loan
The costs of the personal loan are as shown in the table below.
| Credit amount | Runtime | Interest | Monthly instalments | Total costs |
|---|---|---|---|---|
| 20,000 francs | 24 months | 4.9% | CHF 875.60 | 21'014.40 |
| 30,000 francs | 24 months | 4.9% | CHF 1313.35 | 31'520.40 |
| 40,000 francs | 24 months | 4.9% | CHF 1751.15 | 42'027.60 |
| 50,000 francs | 24 months | 4.9% | CHF 2188.95 | 52'534.80 |
| 60,000 francs | 24 months | 4.9% | CHF 2626.75 | 63'042.00 |
| 70,000 francs | 24 months | 4.9% | CHF 3064.50 | 73'548.00 |
| 80,000 francs | 24 months | 4.9% | CHF 3502.30 | 84'055.20 |
| 90,000 francs | 24 months | 4.9% | CHF 3940.10 | 94'562.40 |
| 100,000 francs | 24 months | 4.9% | CHF 4377.90 | 105'069.60 |
| 150,000 francs | 24 months | 4.9% | CHF 6566.85 | 157'604.40 |
| 200,000 francs | 24 months | 4.9% | CHF 8755.75 | 210'138.00 |
| 250,000 francs | 24 months | 4.9% | CHF 10944.70 | 262'672.80 |
Which banks offer personal loans in Switzerland?
Cembra Money Bank, Cashgate, Bank-now, Bob Finance and Migros Bank offer personal loans in Switzerland.
Similar loans to the personal loan
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Frequently asked questions about personal loans
The frequently asked questions about personal loans are listed below:
The minimum salary for a loan application in Switzerland is CHF 2,500 (net income) per month.
In most cases, the loan amount will be transferred to your account within 14 days.
It is possible to shorten the term of your loan or pay it off in full by paying several instalments at the same time or requesting an adjustment to the monthly instalment from your lender.
With Checkall, you have the option of having your loan insured. This means that if you lose your job due to illness, accident or unemployment through no fault of your own, the bank will pay your loan instalment for you. It is important to know whether there is a waiting period and how long the maximum period of unemployment may be.