How to apply for a low-cost personal loan in Switzerland: How to get the lowest interest rate

The best way to apply for a personal loan in Switzerland is to compare quotes from several banks rather than just asking your own bank: Interest rates currently start at 5.8 % effective for homeowners and 6.9 % for tenants, though they can be significantly higher depending on your credit rating. For a loan of CHF 30,000 over 60 months, even a single percentage point difference amounts to around CHF 800. credXperts obtains quotes from several banks with a single, free enquiry – you choose the most favourable one.

Find the best interest rate now – free of charge

At a glance: How much does a personal loan cost in Switzerland?

Rounded example figures, as at November 2026. Your personal interest rate depends on your credit rating.

What determines how affordable your loan is?

• Housing situation: Homeowners pay lower interest rates than tenants.
• Income and budget: The more disposable income you have left after the creditworthiness assessment (KKG), the better the offer.
• Employment: A permanent contract, once the probationary period is over, is more favourable than a fixed-term or new contract.
• Existing obligations: Loans and leases registered with ZEK/IKO result in less favourable terms.
• The bank: Every bank assesses the same profile differently – which is why the offers vary for the same person.

6 tips for getting the lowest interest rate

1. Compare several banks – the easiest way is to submit a request via an intermediary rather than submitting lots of individual applications, which may appear in the ZEK.
2. Just as much as is necessary: A lower figure improves the budget balance.
3. Choose the duration carefully: Shorter = lower total interest; longer = lower instalments.
4. Refinancing existing loans: Consolidating is often cheaper than taking out a second loan – see Refinance a loan.
5. Declaring a second income: A joint and several debtor can significantly reduce the interest.
6. Pay attention to the annual percentage rate (APR), not the nominal interest rate – it includes all costs.

Get quotes from several banks now

Your main bank, an online bank or a broker – where are the best rates?

Your usual bank knows you, but only makes one offer. Online banks are quick, but they assess applications based on rigid criteria. An independent broker such as credXperts compares several banks, costs you nothing (Art. 35 KKG) and submits your enquiry to the bank where your profile will secure the best terms. You can find the latest interest rates at Current loan interest rates for 2026.

Frequently asked questions

Where can I get the cheapest personal loan in Switzerland?

The bank that offers the best terms for your personal profile will vary from person to person. That’s why it’s worth comparing several offers.

How low are lending rates at the moment?

From 5 August, % applies to homeowners, and from 6 September, % applies to tenants (as at November 2026), subject to credit rating, loan amount and term.

Will comparing loans affect my credit rating?

A non-binding enquiry via credXperts does not result in multiple individual applications. We target our applications carefully and avoid unnecessary rejections.

How soon will I receive the money?

A decision is often made within 24–48 hours, and payment is made after the 14-day cooling-off period.