Immediate loans in Switzerland are special loans that are granted without Credit Bureau information. These are not recorded in the Credit Bureau file either. The reason for this is that private donors, banks and credit institutions located outside of Germany do not use the information provided by Credit Bureau. Switzerland’s instant loans are usually granted much faster and with less bureaucracy. In addition, no uses of the capital are required for the approval. However, Switzerland’s instant loans are not granted entirely without collateral. An disposable income above the garnishment exemption limit and a permanent employment contract are required. Self-employed people do not receive a Swiss loan.
Individuals between the ages of 18 and around 70 can apply for this loan. This can vary somewhat between providers and credit intermediaries. Older loan seekers need additional collateral for their loan application. People without an income, such as housewives or trainees, are out of the question without security. Immediate loans in Switzerland are particularly interesting for borrowers who do not get a loan from banks in Germany due to negative Credit Bureau.
After the loan agreement has been concluded, the loan amount is transferred to the credit customer’s account or, if desired, in cash by post. All you need to do is present the valid identity card to the postman or the branch responsible. The loan is repaid in monthly installments that remain the same over the entire term. The various offers of Swiss instant loans should be compared well.
To apply for an immediate loan in Switzerland, German loan applicants must always contact a credit agency that works with the relevant banks to arrange the loan. For this brokerage, there are additional commissions in addition to the usual credit costs, which are apportioned to the monthly installments. Reputable credit brokers, on the other hand, only charge this commission if the Swiss loan has actually been brokered.