Education Loan in Switzerland

Your education project with a loan

No matter your goal, a personal loan can help you finance it. However, as with any loan, certain eligibility criteria must be met. Your financial situation will be carefully analyzed in accordance with the legal provisions of the Consumer Credit Act (CCA) to ensure that the financial commitments are sustainable.

It’s also important to note that the approval of your application always depends on the specific criteria of each bank. Every lending institution applies its own conditions, making individual approval for each application crucial.

Why choose us to submit your application? As a trusted partner, we guide you through every step of the process. Our expertise and tailored services maximize your chances of success while offering transparent conditions that meet your needs.

P.S.:
Since basic education without professional activity generally does not generate income, this can often exclude you from traditional personal loans. In Switzerland, capacity calculations to prevent over-indebtedness are particularly stringent to protect consumers. If you are pursuing basic education, we recommend looking for offers specifically tailored to your situation.

Rustem is a 39-year-old father from Kosovo. He has two daughters (5 and 10 years old) and a son (8 years old) and has been living in Switzerland for almost 15 years. He holds a B residence permit. The family lives in a 5-room apartment with a rent ofCHF 3 100.–.

Five years ago, Rustem decided to become self-employed by opening a restaurant specializing in Mediterranean cuisine in the Carouge district of Geneva. His wife joined the project, helping with service. The beginning was challenging, and it took them three years to start making a profit.

Last year, Rustem declared a taxable income ofCHF 180 000.–. His eldest daughter finished primary school, and for secondary school, he wishes to enroll her in a private school. The annual tuition fees amount toCHF 12 000.–, meaning he needsCHF 48 000.– to finance this phase of her education.

The loan simulation indicated a monthly payment ofCHF 528.– at an indicative rate of 4.9% over 120 months. Ultimately, Rustem obtained an education loan ofCHF 48 000.– over 84 months at a rate of 10.9%. His monthly payment isCHF 806.60, includingCHF 235.15 in interest. No processing fees were charged.

The advisor made him aware of the risks associated with his profession and the financial dangers his family might face in the event of an accident or illness. Rustem decided to protect his family by taking out income protection insurance.

Crédits Conseils: our services and commitments

• Detailed analysis of your profile and creation of a complete application file
• Calculating your budget to determine your credit capacity
• Personalised advice throughout the process
• Information about your rights, including the right of revocation ("cooling-off period") and early repayment
• Information on insurance covering you in the event of job loss or health problems
• Selecting the lender adapted best to your profile
• Negotiating attractive interest rates
• Absolute discretion: neither your spouse nor your employer will be informed of your loan request.

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)