Apply for an online loan - procedure, requirements and advantages
Apply for a loan online - the modern way to get a loan
More and more people in Switzerland are deciding to apply for a loan online. While a personal appointment at the bank used to be necessary, many loan applications can now be completed completely digitally.
An online loan application offers several advantages. The application can be submitted from the comfort of your own home, regardless of the opening hours of a bank branch. At the same time, loan offers from different banks can be compared more quickly.
The digital process also enables banks to check loan applications more efficiently. This means that an initial assessment can often be made much faster than with traditional loan applications.
If you would like to check whether an online loan is possible, you can do so directly here. apply for a loan.
As soon as you apply for a loan with us, we take care of all the formalities until you receive approval for your personal loan. This includes interest rate comparisons, enquiries to the banks and the smooth disbursement of the desired loan. We also remain your number one contact for advice and concerns after the money has been paid out.
All about the loan application in Switzerland
Depending on the situation, different points are decisive when applying for a loan. Check out further topics, requirements and tips for your loan application here.
How the online loan application works
If someone wants to apply for a loan online, the process usually begins with a digital form. Basic personal and financial details are recorded there.
Typical details are
- Desired loan amount
- Desired term
- Income
- Housing situation
- Employer
This information helps banks to make an initial assessment of creditworthiness.
In many cases, an initial automatic preliminary check is carried out after the form has been sent.
Digital verification by banks
Once the online loan application has been received, the bank begins the actual check. Several factors are analysed in the process.
These include, among others:
- Income
- Housing costs
- Existing obligations
- Creditworthiness
Banks also check whether there are any negative credit entries.
In Switzerland, this check is often carried out by the ZEK.
You can find more information about the ZEK here
Documents for the online loan application
Certain documents must also be submitted with an online loan application. The difference is that these documents can now usually be submitted digitally.
Typical documents are
- Payroll accounting
- Copy of identity card
- Rental agreement or mortgage agreement
- Labour contract (only in special cases)
- Bank statements (only in special cases)
- Health insurance invoice (only in special cases)
These documents help the bank to verify the information from the online form.
As soon as you apply for a loan with us, we take care of all the formalities until you receive approval for your personal loan. This includes interest rate comparisons, enquiries to the banks and the smooth disbursement of the desired loan. We also remain your number one contact for advice and concerns after the money has been paid out.
Advantages of an online loan application
An online loan application offers several advantages over traditional loan applications at a bank branch.
The most important advantages include
- Convenient application from home
- No appointment necessary
- Quick preliminary check
- Simple comparison of different banks
This is precisely why more and more borrowers are deciding to take out a loan online. apply for.
Role of the Consumer Credit Act
Banks in Switzerland must also comply with the Consumer Credit Act (CCA) for online loans. This law obliges banks to carry out a comprehensive credit check.
The aim of the law is to prevent borrowers from becoming over-indebted. Banks must therefore check whether the monthly loan instalment is sustainable in the long term.
Further information on the Consumer Credit Act can be found at the State Secretariat for Economic Affairs
Which loan types can be applied for online
Today, many different types of credit can be applied for online.
Particularly common are classic Consumer loans completed online.
If a vehicle is to be financed, it is also possible to Autocredit be applied for online:
Smaller financings can also be arranged via a small loan realise:
Why a loan comparison makes sense
An important step before applying for a loan online is to compare different loan offers. Banks often offer different interest rates and loan conditions.
By comparing loans, borrowers can find out which bank currently offers the best conditions.
Further information can be found here when comparing loans.
As soon as you apply for a loan with us, we take care of all the formalities until you receive approval for your personal loan. This includes interest rate comparisons, enquiries to the banks and the smooth disbursement of the desired loan. We also remain your number one contact for advice and concerns after the money has been paid out.
Why experience is important when applying for a loan online
Even if the online loan application seems simple, choosing the right bank can play a major role. Banks have different credit guidelines and assess applications differently.
Credxperts helps borrowers to find suitable loan offers and make targeted loan enquiries. This allows loan applications to be checked more efficiently.
If you would like to check whether a loan is possible, you can request a Apply for a loan.
Applying for a loan online is becoming increasingly popular
Online loan applications have become very popular in recent years. More and more borrowers are taking advantage of the opportunity to apply for a loan from the comfort of their own home.
Thanks to digital processes, loan applications can now be checked more quickly and different banks can be compared more easily.
If you would like to check your financing options, you can use the online Apply for a loan.
FAQ - Apply for a loan online Switzerland
Can I apply for a loan online in Switzerland?
Yes, today many banks offer the option of applying for a loan completely online. The entire process can be carried out digitally.
How does an online loan application work?
The application begins with an online form in which personal details and information on income and the desired loan are entered.
What documents do I need for an online loan?
Typical documents are payslips, a copy of your ID and bank statements.
How long does an online loan application take?
An initial assessment can often be made relatively quickly. The final decision is made after all documents have been checked.
Is an online loan safe?
Yes, reputable banks use secure digital systems to transmit and process data.
Does creditworthiness play a role in online loans?
Yes, a comprehensive credit check is also carried out for online loans.
What role does the ZEK play?
The ZEK stores information on loans and credit applications and is taken into account in every credit check.
Can I compare several banks online?
Yes, a loan comparison helps you to compare different banks and interest rates.
Can I apply for a loan online despite an existing loan?
Yes, as long as your income is sufficiently high and the monthly burden remains affordable.
Where can I apply for a loan online?
If you would like to check whether a loan is possible, you can Start an enquiry here.
As soon as you apply for a loan with us, we take care of all the formalities until you receive approval for your personal loan. This includes interest rate comparisons, enquiries to the banks and the smooth disbursement of the desired loan. We also remain your number one contact for advice and concerns after the money has been paid out.
All topics relating to applying for a loan at a glance
From requirements and documents to special situations such as B permits, G permits, temporary work or self-employment: these topics will help you find the right way to get a loan in Switzerland.