Migros Bank AG

Migros Bank AG is one of the leading credit banks in Switzerland. Founded in 1958, it first entered the personal credit business in 1983.

The interest rate range for personal loans is between 5.9%-7.9% The interest rate is set internally. This means that you can determine the exact Compare loan interest rates only during the application process and find out.

The credit decision is made online in the same way as the previous credit comparison. Beforehand, you sign the required documents and submit them by post together with a current debt collection extract and a notarised ID. This process is very efficient for the bank. However, it incurs costs for the customer before a concrete credit decision is made.

The requirements for granting a loan are as follows:

• Minimum age 18 years
• Permanent residence in Switzerland
• Swiss bank account
• Swiss citizenship, permanent residence permit C or residence permit B (at least 2 years)
• Regular work in a permanent or temporary position (provide proof of salary)
• Cancellation period of 14 days for a loan amount of up to CHF 80,000
• Maximum loan amount at CHF 100,000
• Free insurance cover for illness and accident, not for unemployment (cannot be insured additionally)

Required documents that are mandatory for the credit check:

• Copy of ID, passport or driving licence (for Swiss nationals)
• Copy of residence permit C, B, 
• Copy of the last 3 pay slips (for permanent employees) or the last 6 for hourly-paid employees

Documents that are helpful for the credit check, but are not mandatory:

• Copy of the tenancy agreement if you share the rent with someone else
• Copy of the health insurance policy to improve the budget if necessary

Advantages of Migros Bank AG

• Migros Bank is one of the credit providers with the lowest interest rates in Switzerland.
• A term of up to 84 months ensures a high degree of flexibility.
• An increase in the credit line is possible with a new check.

If you would like more information about Migros Bank, the credit advisors at credXperts AG will be happy to help you: info@credxperts.ch, +41 44 244 34 00.

Migros Bank AG only works with selected credit advisors or credit brokers, credXperts AG is not one of them. As the risk policy is strict, we are happy to offer you alternatives at the same conditions. The best way to do this is to fill out our credit application - it will only take you 2 minutes.

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