Ask for a loan from your house bank
If you are thinking of buying new furniture for your apartment, you will fall back on the savings at the bank. But more and more people today have a hard time putting a little money on the high edge to treat themselves. And if the wish is all the greater, but the money is not there, you have to ask for a loan from your house bank. But this request can quickly become a disadvantage for potential borrowers, as Credit bureau will be informed in advance in the case of a personal loan with his house bank. And if Credit bureau is negative, the bank will have to refuse the loan to the customer, even if it is only an amount of 3500 USD. But to get this loan amount from a bank, a loan with Credit bureau entry is not at all necessary. Because Swiss credit institutions provide customers with a negative Credit bureau a loan that is neither reported to their own bank nor to Credit bureau.
Before the loan agreement is signed, the modalities between the contracting parties are clarified. A Credit bureau-free loan from Switzerland usually has 40 monthly installments of the same amount, and the interest rates remain constant throughout the term. However, the credit approval also depends on certain criteria. The borrower must have German citizenship and be of legal age; Nothing else is possible either, since contracts of this type may not be concluded by minors. If the borrower is a male, he must present a certificate of his military service. A very important prerequisite for credit approval is a regular work income.
Loan commitments are also refused to pensioners
The borrower must be in permanent employment and be employed by his employer for at least one year. The employment income must be proven by submitting the salary certificate. A year-end statement must be submitted if the borrower is paid by the hour and the income varies monthly. Conversely, this means that the self-employed and unemployed cannot get a loan without Credit bureau from Switzerland. Loan commitments are also refused to pensioners, because the maximum age for concluding such a loan agreement is 58 years, in the new federal states even 55 years.
But the amount of income also plays a role in lending. If the net income is below the seizure-free limit, the bank cannot make a loan commitment. The same also applies if the borrower is obliged to maintain five or more people. In this case, the amount of income does not matter. If the requirements are met, the loan application can be filled out and sent to the bank – usually by email. The decision on the application can be made within 24 hours. The money is paid out by post or to the borrower’s checking account at a Agree bank.