Loan in Switzerland – The Most Common Reasons
In Switzerland, personal loans are generally not tied to a specific purpose, offering borrowers great flexibility.
Loan in Switzerland – the most common reasons
In Switzerland, personal loans are generally not tied to a specific purpose, offering borrowers great flexibility.
The reasons for taking out a loan are as diverse as they are personal, but some motivations are more common than others.
Learn about the most frequent reasons why people in Switzerland turn to personal loans.
Reasons for a loan – important or not?
Granting loans in Switzerland is neither regulated by law nor tied to a specific purpose imposed by most lenders.
However, saying that the use of a loan does not matter at all would not do justice to the personal reasons of our clients.
Depending on the individual situation, it can be relevant to know whether a loan is used to finance a dream car or to replace a vehicle that unexpectedly required costly repairs. Planning for an anticipated expense versus dealing with an unforeseen emergency is one of the main distinctions when understanding why someone takes out a loan.
Additionally, there are situations that develop gradually and require temporary relief. For example, when a household must adhere to a strict budget due to limited financial resources, an unexpected and substantial bill can quickly become an unmanageable burden with regular income, necessitating additional financial support.
The Law: Is the Reason for Your Loan Relevant or Not?
The law imposes no restrictions on the use of your loan. However, in the self-regulation of the credit sector, guidelines are imposed on lenders regarding the reasons for credit they can advertise. In addition to banning advertising aimed specifically at those under 25, the guidelines focus mainly on economic aspects. Lenders are prohibited from promoting loans for short-lived consumer goods or economically unviable reasons.
Here you will find examples of loan reasons, each accompanied by a client case from our 20 years of experience. Learn more about our services and discover the advantages Crédits Conseils offers for your loan application.
Vehicle loan
Vehicle Loans: Finance Your Car Easily
Do you want to buy a car, motorcycle, or camper and are looking for a flexible financing solution? A personal vehicle loan allows you to become an owner immediately, with attractive interest rates and the possibility to finance additional equipment. Benefit from complete usage freedom and the tax advantages that a car loan provides.
Leasing or vehicle loan?
Discover why a personal loan is often more advantageous than leasing when financing your vehicle purchase. Immediate ownership, flexible insurance options, and tax deductions are just some of the many benefits of a loan compared to leasing, which is often more restrictive and expensive.
Loan for pool
Finance your pool installation: Why choose a personal loan?
Dreaming of adding a pool to your property to create a relaxing space or increase your home's value? A personal loan could be the ideal solution for financing this project. It offers flexibility and tax advantages while allowing you to manage other financial obligations, such as your mortgage.
Loan fore education
Finance Your Education: The Personal Loan as the Ideal Solution
Whether to advance your career, change professional paths, or provide your children with private schooling, a personal loan can help you achieve these goals. Learn how to finance your education while meeting eligibility criteria and access customized solutions tailored to your needs.
Loan for renovation
Financing renovations and decoration: What’s the best option?
Whether you're planning to renovate your home, expand your living space, or redecorate your rooms, there are suitable financing options for your project. A personal loan provides the necessary flexibility, especially if your mortgage isn’t the best option. Take advantage of tax deductions and tailored financing for your renovations.
Required documents
In order for us to provide you with a quick response, it is essential that the documents are submitted as soon as possible.
Learn more:
Your project, your tailored loan
While we have listed some of the most frequent loan reasons here, there are many other reasons to apply for a loan.
Every application is unique, with its own context, motivations, and specific needs.
With 20 years of experience, we are experts in evaluating your personal and financial situation. We provide personalized advice and help you find the loan solution that perfectly meets your expectations. Contact us for tailored support.
Tailored offers for your private loan
- Personalised advice
- Quick and detailed analysis of your profile before creation of a complete application
- No treatment or other administrative fees
PS: Before you trust us – learn more about Crédits Conseils.
Your loan application in 4 steps
Put your trust in the experience of Crédits Conseils – without obligation and with zero risk.
Request
Request your loan by using the online form or by calling us.
Complete your information and send your documents
Submit the mandatory documents and relevant information we need to assess your loan request.
Assessment and offer
Final response in less than 24 hours after receipt of the needed information, mandatory documents and a complete review of your solvency.
Contract signing and disbursement of your loan
Swift disbursement after you sign the loan contract and the consequent 14 day right of revocation (cooling-off-period).
How to obtain a private loan in Switzerland?
To learn more about the criteria for obtaining a loan in Switzerland, it’s important to understand that lenders consider factors such as age, employment status, and residency. Find out in detail how these rules influence your chances of obtaining a loan by visiting the linked page.
Further information:
Creditworthiness-and-scoring
Understand the importance of your credit history and bank scoring to get a loan. Discover the actors and institutions involved.
Personal situation
Discover the impact of your personal situation on your loan: role of the partner, implications in the event of separation, and treatment of cohabiting couples.
Reasons for rejection
Discover the 4 main reasons for loan refusal: finances, amount requested, negative ZEK codes and scoring. Prepare effectively.
Budget calculation
Find out how the budget of a loan in Switzerland is calculated. Understand the impact of your financial and personal situation and your civil status.Calculation example
Loan of CHF 20'000. An effective annual interest rate between 4.9% and 10.95% and a term of 48 months generate total interest between CHF 2'018.10 and CHF 4'549.60. Term: 6-120 months; Maximum annual interest rate (including all credit charges) 10.95%. The granting of a loan is prohibited if it leads to the over-indebtedness of the consumer.(Art. 3 LCD)