Today there are loans in a very wide variety and with highly complicated mathematical backgrounds. The most common among them is commonly referred to as a small loan (or a consumer loan). As the name suggests, small purchases are to be used to finance small purchases for which you would want to spend money in the next few months.
This can be, for example, a piece of furniture or a household appliance that has broken and needs to be replaced. However, travel and training are also possible at short notice thanks to a cheap loan. There is no purpose for this type of loan.
Attractive for cash loans
For all banks without exception, this amounts to between 6 and 60 months and after at least 3 months the loan can be terminated – if the excess amount can be paid in one go. The interest rate of the loan taken depends on the creditworthiness of the applicant, who is enabled to take out a small loan by a positive creditworthiness test. In Switzerland, this check has been required by law to grant a loan in the Consumer Credit Act (the KKG) since 2003. It is designed to prevent the borrower from becoming over-indebted.
It is very convenient that you can apply for small loans online in Switzerland, whereby it is advisable to make a small loan comparison . Serious credit comparison portals such as Lenders Credit obtain free quotes from prospective Swiss credit banks, with the advantage that you only have to fill out a loan application once.
In this way, you are guaranteed to receive the offer with the best conditions and can take out a cheap personal loan.
Apply for a small loan online
If a cheap small loan interests a consumer, there are nuances that should be included in the calculation. For example, when a small loan agreement is concluded, the Internet offers interest rate reductions that are ultimately worth dollars. If the loan application is made in a branch of a credit bank, the borrower can expect interest rates ranging from 7.9% to 15.9%. If, on the other hand, he signs a contract for an installment loan online, he can expect loan interest rates of 5.9% or more.
But even if it sounds tempting, you have to know exactly which loan provider you are dealing with, because each provider has its own terms and it is important to find out. A personal loan comparison makes things a lot easier and faster.
In addition, there is also the quick processing of the loan request. Customers can expect a response within a few days and will then receive professional advice on which bank has the best offer. Long and uncertain times are a thing of the past. Furthermore, there are no processing fees, since the verification process is now largely online. This is primarily reflected in the interest, which enables a very cheap small loan. Repayment of the loan is child’s play. And best of all: the interest to be serviced is deductible from tax.
Who can apply for a small loan and what do you have to consider?
According to the Consumer Credit Act (KKG) of 2003, every Swiss person who is between 18 and 65 years of age and has a monthly income – which is preferably above the subsistence level (USD 2,800) – can apply for a loan in Switzerland put . This applies to students, pensioners and the self-employed. There is more information about the requirements here and common questions are answered here.
Anyone who is temporarily employed must have been registered with the same temporary office for 9 months, have a confirmation of employment at the respective temporary office and show the pay slips for the last 3 months so that they can take out a small loan . Foreigners can also take out a small loan immediately. To do this, you must be resident in Switzerland and have a residence permit (B or C) yourself.
It should be noted at this point that every application for a small loan must be reported to the Central Office for Credit Information (ZEK).
So there are many reasons to apply for a cheap small loan after a previous loan comparison: Not that you can do so many urgently needed purchases, it is also unbeatably cheap, safe and uncomplicated to initiate. The long times of waiting and waiting for his franc or euro bills could soon be over.