Taking out a loan in Switzerland - these are the requirements

Would you like to take out an online loan in Switzerland? Whether online or directly with the loan provider - the general requirements for a loan application are the same:

• You must be at least 18 and no more than 65 years old.
• You also live in Switzerland or the Principality of Liechtenstein or you are a cross-border commuter.
• You have Swiss citizenship or a C, B, G or L residence permit.
• You also have a regular income - at least CHF 2500 per month.

You can read about what else you need for an online loan in addition to these requirements in the next section.

What documents do I need for a loan?

If you take out a loan, you will need various documents for the loan application. Which documents these are depends on various criteria:

• What is your employment relationship?
• Are you self-employed?
• Which residence permit do you have?
• Are you retired?
• Would you like to take out a loan alone or as a couple?

Below you will find the criteria and required documents if you would like to take out a loan in Switzerland.

Taking out a loan as an employee

For a personal loan in Switzerland, you need these documents as an employee with a permanent position:

• Valid identification documents: Swiss passport/ID or foreigner's permit B, C or L (for copies, always copy or scan the front and back)
• Pay slips for the last three months
• Your health insurance policy (may be necessary for budget optimisation)
• Tenancy agreement (not a must, but good for calculating your credit budget)

Permanently employed and need a loan? Apply for a loan for permanent employees now.

Personal loan for temporary employees

Even if you are temporarily employed, you can take out a personal loan in Switzerland. To do so, you must fulfil these criteria or have these documents available for the loan application:

• Be temporarily employed by the same employer for at least one year
• Valid identification documents: Swiss passport/ID or foreigner's permit B, C or L (for copies, always copy or scan the front and back)
• Pay slips from your bank for the last six months
• Your health insurance policy (may be necessary for budget optimisation)
• Tenancy agreement (not a must, but better for calculating your credit budget)
• Copy of the employment or assignment contract

Take out a personal loan for temporary employees now.

Apply for a loan as a self-employed person

The hurdles for taking out a loan are somewhat higher for the self-employed: In order to obtain a loan in Switzerland, you must Credit as a self-employed person you must have been self-employed for at least two years.

You will also need these documents for the loan application:

• Valid identification documents: Swiss passport/ID or foreigner's permit B, C or L (for copies, always copy or scan the front and back)
• Copy of the definitive and detailed tax assessment for municipal and cantonal taxes
• Or the last 3 wage slips including the credit notes with the wage receipt

Would you like to apply for a loan as a self-employed person? Click here for the loan application.

Credit with a C permit or with Swiss citizenship

If you have a C permit, you have the same conditions for a loan as someone with Swiss citizenship. In addition to the requirements mentioned above, such as the minimum and maximum age, you will also need these documents for your loan application:

• Proof of salary for the last three months; for self-employed persons, the last two definitive tax assessments dating back no more than two years
• Your health insurance policy (may be necessary for budget optimisation)
• Tenancy agreement (not a must, but good for calculating your credit budget)
• No outstanding seizures or certificates of loss

Do you fulfil the requirements for a loan? Then apply for your loan today.

Apply for a loan with B authorisation

If you have a B permit, you must hold it for at least six months and be resident and employed in Switzerland for at least three months. If you fulfil these requirements, you still need these documents for your loan application with a B permit:

• Copy of your B permit
• Wage statement for the last three months Bank
• Copy of your health insurance policy (may be necessary for budget optimisation)
• Rental agreement (not mandatory, but useful for calculating your credit limit)

Apply for a B-authorised loan now.

Take out a loan with L authorisation

Do you have an L permit and would like to take out a loan? Then you must fulfil the same requirements as someone with a C permit or Swiss citizenship. You also need the same documents when you take out a loan:

• Copy of your L permit
• Proof of salary for the last three months with a credit note from the bank
• Copy of your health insurance policy
• Rental agreement (not obligatory, but useful for calculating your credit budget)

You must also have held your L permit for at least 12 months and have been working in Switzerland for at least 12 months. Borrowers with an L permit have higher hurdles if they want to take out a loan. To ensure that your loan application is not rejected, it is worth seeking independent and professional credit counselling: +41 44 244 34 00 / info(@)credxperts.ch.

Do you fulfil all the requirements? Do you have all the documents? Then you can take out your loan with L authorisation here.

Take out a loan with G authorisation

Would you like to take out a loan with a G permit? This is possible for cross-border commuters in Switzerland. Here we show you which conditions you need to fulfil and which documents you need to submit when applying for a loan:

• Copy of your G permit, which you have held for at least 3 years
• Proof that you work in Switzerland
• Proof of salary for the last three months with a credit note from the bank; for self-employed persons, the last two tax returns or definitive tax invoices apply
• Your health insurance policy
• Tenancy agreement (not a must, but good for calculating your credit budget)
• No outstanding seizures or certificates of loss

For borrowers with a G permit, the hurdles for obtaining a loan are higher. To avoid rejection of your loan application, we will be happy to advise you professionally and independently: +41 44 244 34 00 / info(@)credxperts.ch.

Take out a loan with G authorisation? Click here for the loan application.

Taking out a loan as a pensioner

You can also get a loan as a pensioner. As with all other borrowers, these conditions are relevant when taking out a loan:

• Amount of income or, in this case, pension (no additional benefits or daily allowances)
• No outstanding seizures or certificates of loss

As a pensioner, you must be able to repay your loan by your 70th birthday for your loan application to be approved. Otherwise, you will need these documents if you want to take out a loan as a pensioner:

• Valid identification documents: Swiss passport/ID or foreigner's permit B, C or L (for copies, always copy or scan the front and back)
• Current pension decree (AHV, IV, pension fund) and the last three statements of your credit account
• Your health insurance policy
• Tenancy agreement (not mandatory, but helpful in calculating your credit limit)

Taking out a loan as a pensioner? Click here for the loan application.

Take out a loan for two

You and your partner would like to organise a Take out a loan for two? This can improve the conditions for taking out a loan compared to taking out a loan on your own.

You will need these documents to apply for a loan:

• Valid identification documents: Swiss passport/ID or foreigner's permit B, C or L (for copies, always copy or scan the front and back)
• Proof of salary for the last three months with a credit note from the bank
• Copy of your health insurance policy
• Rental agreement (not mandatory, but helpful for calculating your credit limit)

Are you planning to take out a joint loan? We would be happy to advise you on these questions too:

• Does it make a difference whether we Marrieddivorced or living in a non-marital partnership?
• What are the advantages of joint borrowing?
• Who is liable if two people take out a loan?

If you would like to take out a loan as a couple and find out more, call us or write to us: +41 44 244 34 00 / info(@)credxperts.ch.

You know everything and want to take out a loan for two? Simply complete the credit application here.

How does the online loan work?

You can easily apply for loans and personal loans online. This is how the online loan works:

• You calculate your personal loan with a Online loan calculatorby entering the desired loan amount and term.
• At the same time, we ask for your personal details and the documents required for a loan.
• We will then get in touch with you. We will clarify the most important questions with you before looking for a favourable lender that suits you and your needs.
• As soon as everything has been checked, you will receive your suitable online loan. You will be sent a loan agreement, which you should sign as soon as possible so that the loan can also be paid out soon.

Do you still have questions about the online loan? We will be happy to answer them: +41 44 244 34 00 / info(@)credxperts.ch.

Where is the quickest way to get a loan?

You are looking for a favourable Instant loan? credXperts offers you a fast credit service:

1. You calculate your desired loan online and complete the loan application.
2. We compare various Swiss credit providers and come back to you with the best credit offer.
3. You check the loan offer and sign. We take care of the immediate disbursement of your loan.

Important to know: Instant loans from one day to the next do not exist in Switzerland. This is to protect consumers. The following therefore applies to all Consumer loans over CHF 500 or under CHF 80,000 a waiting period of 14 days.

Do you need a loan as quickly as possible? Get in touch with us so that we can show you your options: +41 44 244 34 00 / info(@)credxperts.ch. We guarantee you a free loan comparison and a fast response service so that you can get your loan quickly.

Which bank is the best for a loan?

There is no such thing as the best bank for a loan. This is because every bank has a different risk policy. Much more relevant for you as a borrower is that the bank must suit you and your needs. You must also be a good fit for the bank and its credit requirements: This is why all banks check each customer individually for their creditworthiness (= credit capacity). With a good credit rating, you not only increase your chances of getting a loan, but also of obtaining favourable interest rates.

You can find out more about creditworthiness and credit rating adjustment here

In order to find the right bank for your loan, you as the borrower must fulfil certain requirements for your loan application to be approved.

As an independent credit broker with many years of experience, we can tell you exactly which bank has the best chance of approving your loan. Please note: A direct enquiry to the wrong bank can result in you being refused a loan. Such a rejection is not without consequences: It can remain registered for at least two years and lead to further loan rejections.

Therefore: Get help - we are here for you: +41 44 244 34 00 / info(@)credxperts.ch.

Which is the best loan?

Before you apply for a loan, it's worth comparing loans in Switzerland: depending on the loan provider, you will find different interest conditions. Our loan comparison offers you loan interest rates between 4.4 % and 9.95 %. Please visit our page "Credit comparison in Switzerland" and find out what advantages you have with us.

If you already have a current loan, a loan comparison can also be worthwhile: If you find a better interest rate offer, you can Repay your existing loan let. This will save you unnecessary interest costs. You can also combine several current small loans into a larger, new personal loan and get even better conditions.

The same applies, by the way, if you have your current Repaying and topping up a loan would like: A loan comparison is also worthwhile in this case.

If the whole thing is too complicated for you, just ask us - we will be happy to help you: +41 44 244 34 00 / info(@)credxperts.ch.

How much credit do I get with what income?

For smaller loan amounts up to CHF 80,000, a simple rule of thumb applies: the maximum amount for your loan is equal to the allowance per month times 36. Expressed as a calculation formula in an example, this looks like this:

Income	5000 CHF
Expenditure	-4000 CHF
Max. Allowance per month	1000 CHF
Ma. Credit number	36 X 1000 CHF = 36,000 CHF

 

This means, for example, that you earn CHF 5000 net per month. Then you have expenses for rent, food, health insurance premiums, travelling to work, etc., which cost you CHF 4000 per month. This leaves an allowance of CHF 1000 per month. With this allowance, you can take out a maximum loan of CHF 36,000.

However, this is the legally prescribed maximum. This means that a credit provider can also set the maximum amount for a loan at a lower level. This is because a loan must not lead to over-indebtedness.

You're probably wondering why the monthly allowance is multiplied by the number 36. It's quite simple: The Consumer Credit Act (KKG) stipulates that every loan must be repayable within 36 months.

However, the term of 36 months is only the basis for calculating the maximum borrowing capacity. You can freely choose the term - up to a term of 120 months.

Do you want to calculate your credit budget? Then visit our budget calculator 

Would you like a non-binding credit consultation? Give us a call or write to us: +41 44 244 34 00 / info(@)credxperts.ch.

Where can I get a loan despite debts?

The Consumer Credit Act (KKG) clearly stipulates this: A loan must not lead to over-indebtedness. This is why credit providers in Switzerland always check the creditworthiness, i.e. the solvency of a borrower. This credit check is carried out by the Central Office for Credit Information (ZEK), of which all reputable credit institutions are members. Anyone who advertises loans without a ZEK enquiry is therefore not reputable, but probably a fraudster.

In addition, debt collection proceedings affect your creditworthiness - regardless of whether they have been finalised or not. This means that debt collection is often an exclusion criterion, meaning that your credit application could be rejected. This rejection leads to a negative ZEK entry, which in turn has a negative impact on future credit applications on your part.

What is possible, however, is debt rescheduling - i.e. the repayment of current loan debts with a new loan. But here too, a credit check is carried out before the loan can be cancelled.

Before you believe the advertising promises of some providers, ask us for advice - we will be happy to help you: +41 44 244 34 00 / info(@)credxperts.ch.

Taking out a loan: in four steps via our online loan application

Would you like to take out a loan? It's easy: thanks to our online loan application, you can get the loan you want in just four steps:

1. Enter your desired loan together with your personal details and financial circumstances. This includes the
2. Income, expenses, liabilities and information about your creditworthiness.
3. We then look for the right bank that offers the best conditions for your loan.
4. Finally, you will receive your loan offer, which you only need to sign. We will then ensure that your loan is paid out to you as quickly as possible.

Take out a loan now