Pool Loan in Switzerland

A personal loan for pool installation

Are you a homeowner planning to install a pool at your property? A personal loan could be an excellent way to turn this dream into reality. However, if you already have an active mortgage, it’s important to carefully plan the addition of a new loan.

Firstly, if the work carried out, such as installing a pool, increases the value of your property, these investments may be tax-deductible. This improvement could also affect the imputed rental value, the theoretical rent you would pay if you were renting your own home. If applicable, you should declare this value accurately.

Secondly, it is crucial to ensure that your repayment capacity aligns with your next mortgage negotiation. An ongoing personal loan could impact your credit assessment by the bank and influence the terms of your future mortgage.

Learn more about using a loan to invest in your home, as well as some tips to consider regarding an existing mortgage, by visiting:

Lucie is a 31-year-old Frenchwoman living in Pontarlier who commutes daily to the Vallée de Joux to work at the watchmaking company Blancpain. She has been working as a designer of watch components for 7 years. Lucie has been in a relationship with Joachim for 13 years. He is a production manager at an automation company in the Swiss Jura. Lucie earns a net salary of CHF 6'900.– per month, and her partner earns CHF 7'400.–.

The couple recently purchased a two-story house with 200m² of living space. They want to build a concrete pool, which is estimated to cost CHF 25'000.–. They are applying for a loan of CHF 30'000.– as they also wish to allocate CHF 5'000.– to landscaping their garden with beautiful plants.

The online loan calculator suggested a monthly payment of CHF 330.– over 10 years at an interest rate of 4.9%.

After reviewing their file, the advisor noted that Lucie had a history with the ZEK because she had made several personal loan applications to various banks 4 years ago, all of which were rejected due to an open debt collection case (which was paid off and cleared 2 years ago). The advisor pointed out that applying for the pool loan in Lucie's name would be risky, as major banks already have her profile marked with refusals, putting her at an automatic disadvantage.

They therefore applied for the loan in Joachim’s name and received approval for CHF 30'000.– over 120 months at an interest rate of 11.95%. The monthly payment is CHF 395.–, including CHF 145.– in interest. No processing fees were charged.

Given the ongoing crisis in the watchmaking industry, Lucie feels uncertain about her job security and fears a potential company restructuring that could result in her dismissal. To mitigate risks, she takes out unemployment and 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)