Credit comparison despite an existing loan in Switzerland - is another loan possible?
Many borrowers assume that a new loan is automatically ruled out as soon as a loan is already in place. In practice, however, this is not true. In many cases, an additional loan is perfectly possible - provided the financial situation allows it.
In Switzerland in particular, banks scrutinise each loan application individually. The decisive factor here is whether the monthly burden remains sustainable in the long term. If there is sufficient financial leeway, an additional loan may well be approved.
Many people need another loan, for example for a major purchase, a renovation or to reschedule existing loans. A structured loan comparison is particularly worthwhile in such situations.
About the Credit comparison Switzerland several banks can be checked at the same time. This allows borrowers to quickly see which loan offers are currently available.
Such a comparison helps to avoid unnecessary rejections and to find suitable loan offers.
When a loan is possible despite an existing loan
An additional loan is especially possible if the monthly burden remains affordable. Banks check several factors for this.
Income is an important point. If the income is sufficiently high, a further loan may be possible in addition to an existing loan.
The amount of the existing loan instalment also plays a role. If the existing loan only causes a small monthly burden, an additional loan can often be integrated without any problems.
Another important factor is creditworthiness. If previous loans have always been reliably repaid and there are no negative entries with the ZEK, this increases the chances of a loan being approved.
If you would like to check which loan offers are possible despite an existing loan, you can use the Credit comparison Switzerland utilise.
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.
Example: Loan despite existing credit
Many borrowers ask themselves whether an additional loan is realistic at all. An example shows how banks assess such situations.
| Income | Existing loan instalment | Possible additional credit |
|---|---|---|
| 5'000 CHF | 300 CHF | approx. 20'000 - 30'000 CHF |
| 6'500 CHF | 400 CHF | approx. 30'000 - 50'000 CHF |
| 8'000 CHF | 600 CHF | approx. 60'000 - 90'000 CHF |
These values are only examples. The actual loan amount always depends on the individual financial situation.
If you would like to calculate your potential loan instalment, you can use the Credit calculator Switzerland utilise.
Debt rescheduling as an alternative
In many cases, debt rescheduling can be a better solution than an additional loan. This involves consolidating several existing loans and replacing them with a new loan.
The advantage is that the monthly instalment can be reduced and a more favourable interest rate is often possible.
Particularly if existing loans were taken out at high interest rates, debt rescheduling can save several thousand francs.
A loan comparison helps you to find suitable loan offers for debt restructuring.
Role of the ZEK in existing loans
If a loan already exists, the ZEK plays a particularly important role. The ZEK stores information about existing loans, leasing contracts and loan applications.
Banks check this data with every credit enquiry. If several loans exist or many credit enquiries have been made, this can influence the credit rating.
It therefore makes sense not to submit loan applications to many banks at the same time. A structured loan comparison helps to find suitable loan offers.
Consumer Credit Act (KKG) and viability check
In Switzerland, banks must comply with the Consumer Credit Act (CCA). This law obliges banks to carry out a comprehensive credit check.
The most important test is the so-called affordability test. This involves calculating whether a borrower can pay the monthly loan instalments in the long term.
If a loan already exists, the existing loan instalment is included in this calculation.
If you would like to calculate your potential loan instalment, you can use the Credit calculator Switzerland utilise.
Other types of credit
Depending on the situation, different types of credit may be of interest.
A Personal loan for example, offers the greatest flexibility because the money can be used freely.
Also a Car loan can be an interesting option.
If you have a Apply for a loan you can find more information 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.
Loan despite existing credit is possible
An existing loan does not automatically mean that no further credit is possible. The decisive factor is whether the monthly burden remains affordable.
This is precisely why a structured loan comparison is worthwhile. This allows various banks to be checked and borrowers can quickly see which loan offers are possible.
If you would like to know which credit offers are currently available, you can use the Credit comparison on credxperts.ch.
FAQ - Loan despite existing credit in Switzerland
Can I get a loan despite having an existing loan?
Yes, an additional loan is generally possible despite an existing loan. The decisive factor here is the so-called sustainability. Banks check whether the income is sufficient to pay all monthly obligations in the long term.
For example, if you already have a loan instalment of CHF 300 and your income is sufficiently high, an additional loan may still be possible. Banks take into account income, existing obligations, housing costs and other financial factors.
If you would like to check which loan offers are possible despite an existing loan, you can use the Credit comparison Switzerland utilise:
Do banks scrutinise existing loans?
Yes, banks check existing loans via various sources. The most important database in Switzerland is the ZEK (Central Office for Credit Information).
Information on consumer loans, leasing contracts and credit enquiries is stored there. Banks use this data to assess the risk of a new loan.
If existing loans have always been paid correctly, this often has a positive effect on the credit rating.
What is debt rescheduling?
Debt rescheduling means that several existing loans are replaced by a new loan. The new loan is used to pay off the old loans in full.
The advantage is that better conditions are often possible. In many cases, the monthly loan instalment can be reduced as a result.
Especially if older loans were taken out at higher interest rates, debt rescheduling can save several thousand francs.
Can I have several loans at the same time?
Yes, in principle it is possible to have several loans at the same time. However, it is crucial that the total monthly burden remains affordable.
Banks examine this within the scope of the Consumer Credit Act (KKG)whether the loan instalments can be paid in the long term.
If several loans already exist, it may make sense to combine them into a single loan.
What role does income play in a second loan?
Income is one of the most important factors in the credit check. Banks use income to calculate which monthly loan instalment is affordable.
The higher and more stable the income, the more likely it is that an additional loan will be approved.
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.
Is it possible to top up a loan?
Yes, in many cases it is possible to increase the loan. This involves increasing an existing loan.
Instead of taking out a second loan, the existing loan is adjusted and the loan amount increased.
This solution can make sense if the existing loan has good conditions.
What happens if several loan applications are submitted?
Multiple credit enquiries within a short period of time can have a negative impact on your credit rating. Banks usually view such enquiries via the ZEK.
It therefore makes sense not to submit loan applications to many banks in an uncoordinated manner.
A structured loan comparison helps you find suitable credit offers.
What role does the Consumer Credit Act (KKG) play?
The Consumer Credit Act protects borrowers in Switzerland from over-indebtedness. Banks are obliged to carry out a comprehensive credit check before granting a loan.
An important part of this check is the affordability calculation. Banks must ensure that borrowers can pay their monthly instalments in the long term.
Can I get a loan despite leasing?
Yes, an additional loan may also be possible with a leasing contract. However, the leasing instalment is taken into account in the affordability check.
The higher the existing obligations, the more this influences the maximum loan amount.
What documents do you need for a loan?
Typical documents for a loan application are
- Copy of identity card
- current payslips
- Labour contract
- Tenancy agreement or housing costs
- Partial tax documents
These documents help banks to correctly assess the financial situation.
How can you improve your chances of getting another loan?
There are several factors that can increase your chances of being approved for a loan. These include a stable income, a clean credit rating and as few existing obligations as possible.
A stable professional situation also has a positive effect.
What types of credit are possible despite existing credit?
Many borrowers use a Personal loanbecause it can be used freely.
Also a Car loan can be an option.
How can I calculate the monthly loan instalment?
A loan calculator can be used to calculate a realistic loan instalment. This allows you to quickly estimate what monthly instalments are possible.
Where can I compare loan offers despite an existing loan?
The easiest way is a Structured loan comparison. This means that several banks can be checked at the same time.
Such a comparison helps to find suitable loan offers and avoid unnecessary rejections.
Further topics for comparing loans in Switzerland
Use the following pages to increase your chances of approval, prepare documents correctly and find suitable banks. For most users, the Credit comparison the fastest way to better conditions.