Repay your loan early? You can!

Has your personal loan only been running for a few months? Have you now found a better interest offer at another bank? And would you like to repay your current loan immediately?

No need to get annoyed. We have good news for you: you can redeem your current loan - no matter how long it has been running for. The Consumer Credit Act (KKG) stipulates that you can redeem a current loan early at any time.

You can do this from your own funds by repaying your loan early. This will save you further interest costs. Secondly, you can reschedule your current loan by having another bank replace your loan with the current provider because their interest conditions are better. The repayment of the loan is carried out by your new bank. This means that the debt is rescheduled by transferring the outstanding loan debt.

The prerequisite for successful loan rescheduling is that you are still creditworthy and creditworthy. You can find out here which requirements you need to fulfil for a personal loan.

Repayment of loans, credit card debts and leases

In addition to a loan, you can also reduce credit card debt or pay off a lease. This is done via a personal loan instead of paying your credit card debt or leasing instalments. And that pays off: If you have several credit cards with higher spending limits, you will usually pay an interest rate of 11 %, 12 % or even 13 %. Repaying your credit card debt with a personal loan can save you up to 50 %.

The replacement of a lease with a loan is also worthwhile for you for three reasons: The total costs are lower for you. The car is yours immediately and you can sell it on at any time. You also have no more restrictions: no limited number of kilometres or obligation to take out fully comprehensive insurance.

Let us advise you today without obligation: +41 44 244 34 00.

Loan repayment, loan rescheduling, amortisation:
What do these terms mean?

The repayment of a loan means that a credit institution takes over your loan debt and pays it to your existing bank. This process is also known as refinancing, loan rescheduling or simply debt rescheduling. The terms amortisation or amortisation come from the French word "amortir". This means to amortise. In the context of loans, amortisation therefore means the repayment or repayment of loan debts.

This repayment is made regularly via loan instalments or larger special payments. Such amortisations or special payments are particularly worthwhile at the beginning of the loan term. This saves you a lot of money that you would otherwise have to spend on interest costs.

Tip: If you are currently repaying several loans, you can easily have them bundled. Then you have all loans under one roof with just one contact person. Incidentally, this also applies if you are already thinking about a new loan with a current property loan because you need new furniture, want to renovate your home or buy a larger car. A credit top-up could be the right solution for you.

If you have any further questions about the loan application or loan rescheduling, we will be happy to assist you personally: +41 44 244 34 00.

Credit comparison Switzerland

If you want to request a favourable loan in Switzerland, you should compare loans. Our loan comparison checks all offers for personal loans from Swiss banks up to a loan amount of CHF 250,000 at an interest rate from as little as 4.4 % and a loan term of up to 120 months.

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Fewer loan application rejections (Credit rating adjustment)

Have you ever had a leasing or loan application rejected? Perhaps this is due to a negative entry in a credit agency. We help our customers to optimise their own creditworthiness (= cleaning up ZEK entries). This is because a better credit rating reduces loan rejections and speeds up loan approvals.