Loan comparison without changing banks in Switzerland - loan possible with another bank
1. credit without a bank draft - a common misunderstanding
Many people in Switzerland assume that they can only take out a loan from their own bank. This assumption is widespread, but often leads to borrowers not even checking whether other banks might offer better loans.
In practice, however, a loan is possible with various banks, regardless of the bank with which the salary account is held. In most cases, it is not necessary to change the existing bank account or set up a new bank account for a consumer loan.
The monthly loan instalment is simply debited automatically from the existing account. This means that borrowers can continue to use their main bank and at the same time take advantage of a loan offer from another bank.
This is precisely why a structured loan comparison is particularly worthwhile. Banks rate borrowers differently and sometimes offer very different interest rates.
If you would like to check which loan offers are currently available, you can use the Credit comparison Switzerland utilise:
2. loan from a bank other than the house bank
Many borrowers turn to their bank first when they need a loan. This is understandable, as there is already an existing customer relationship and the bank often knows all the financial information.
However, this does not automatically mean that the house bank also offers the best credit offer. Banks have different credit guidelines and assess risks differently.
While one bank rejects a loan application or offers a relatively high interest rate, another bank may assess the same application much more favourably. This is precisely why a loan comparison can offer several advantages.
By comparing different banks, borrowers can find out which bank currently offers the best loan conditions. For larger loan amounts in particular, even small differences in interest rates can make a difference of several thousand francs.
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.
3. no change of bank necessary
An important point with consumer loans is that a loan does not require a change of bank account. Even if the loan is taken out with another bank, the existing account can still be used.
The loan instalment is usually collected automatically from the existing account. This is done by direct debit or standing order. This means that the existing bank details remain unchanged.
This advantage makes it much easier to compare loan offers from different banks. Borrowers do not have to open new accounts or change their entire payment flows.
This is precisely why it makes sense to check loan offers from various banks before applying for a loan.
If you would like to know which credit offers are currently available, you can use the Credit comparison Switzerland utilise:
4. role of the Consumer Credit Act (KKG)
In Switzerland, when granting consumer loans, banks must comply with the Consumer Credit Act (KKG) Please note. This law obliges banks to carry out a comprehensive credit check.
It does not matter at which bank the account is held. The only decisive factor is whether the borrower's financial situation is stable enough.
Banks check, among other things:
- Income
- Housing costs
- Existing loans
- Leasing contracts
- Other financial obligations
This check is intended to ensure that borrowers can pay their monthly loan instalments in the long term.
5 Role of the ZEK in loans
Another important component of the credit check is the ZEK (Central Office for Credit Information). This database stores information on loans, leasing contracts and credit enquiries.
Banks access this data with every loan enquiry. This allows them to check whether other loans already exist and whether previous loans have been repaid correctly.
If several credit applications are made within a short period of time, this can have a negative impact on your credit rating. It is therefore advisable not to submit credit applications to many banks at the same time.
A structured loan comparison helps to find suitable loan offers.
6. example loan comparison with different banks
The following table shows a simplified example of how much loan offers can differ between different banks.
| Bank | Interest rate | Loan amount | Monthly instalment |
|---|---|---|---|
| Bank A | 5.9 % | 30'000 CHF | approx. 420 CHF |
| Bank B | 7.5 % | 30'000 CHF | approx. 455 CHF |
| Bank C | 8.9 % | 30'000 CHF | approx. 480 CHF |
This example shows that even small differences in interest rates can have a major impact on the total cost of a loan. Over several years, this can result in a difference of several thousand francs.
7 Which types of credit are eligible
Depending on the situation, different types of loan may be considered. 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, especially if a vehicle is to be financed.
8 A loan comparison is worthwhile even without changing banks
A loan does not necessarily have to be taken out with your own bank. In many cases, other banks can even offer significantly better loans.
As it is not usually necessary to change banks for a consumer loan, a structured loan comparison is particularly worthwhile. Borrowers can compare different banks and select the most suitable loan offer.
If you would like to check which credit offers are currently available, you can use the credit comparison on credxperts.ch:
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.
FAQ - Credit without bank draft Switzerland
Do I have to change banks to get a loan?
No. In most cases, it is not necessary to change banks. The loan instalment is simply debited from the existing account.
Is it possible to take out a loan from another bank?
Yes, a loan can be taken out with any bank, regardless of the bank where the salary account is held.
Why is a loan comparison worthwhile?
A loan comparison helps you to compare different banks and find better loan offers.
What role does the ZEK play?
The ZEK stores information on loans and leasing contracts. Banks use this data to check creditworthiness.
What documents are required for a loan?
Typical documents are a copy of your ID, payslips and employment contract.
Can I take out a new loan despite having an existing loan?
Yes, as long as the monthly charge remains affordable.
How long does a credit check take?
In many cases, a credit check takes between a few hours and a few days.
How can I calculate the loan instalment?
A Credit calculator be utilised.
What happens if several loan applications are submitted?
Multiple credit applications within a short period of time can have a negative impact on your credit rating.
How can you improve your chances of getting a loan?
A stable professional situation and a clean credit rating increase the chances.
What types of credit are there?
The most common types of loans are personal loans and car loans.
Can I apply for a loan online?
Yes, many banks now offer fully digital loan applications.
Where can I compare credit offers?
Several banks can be checked at the same time using the Swiss credit comparison.
How do you find the best bank for a loan?
A structured loan comparison allows you to compare different banks and interest rates.
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.