The word has now got around that the loans from Switzerland are Credit Bureau-free. However, it is not necessarily easy to get such a loan. After all, the bank wants to see their money again. For this reason, applicants must meet certain requirements. In addition, a Swiss loan for Germans cannot be compared to a loan from a bank based in Germany. What the differences are is explained in more detail below.
Swiss credit for Germans
In contrast to a conventional loan from Germany, a Swiss loan is limited to a maximum amount of around 3,500 dollars. In addition, the borrower cannot choose the terms, because they are fixed. The bank also has strict lending guidelines. Proof of a corresponding income must be provided. The bank requires copies of the last three wages or salary slips and a copy of the employment contract. The reason for this is that a loan is refused for a fixed-term contract.
The Swiss loan for Germans is not exactly cheap
If you decide to go this route, you have to dig deeper into your pocket when it comes to interest rates. The annual percentage rate here is significantly higher than for loans in Germany. In some cases, borrowers can even expect double-digit amounts. It has to be decided individually whether this is worth the matter. This credit is also reserved for employed workers only. Those who earn their money on a freelance or self-employed basis do not need to inquire about such a loan. There is always a rejection. A Swiss loan is generally brokered through financial service providers.
An expensive and time-consuming visit to Switzerland is not necessary. The search engines provide a number of offers when asked about this. But there is something to consider. An inquiry is always free of charge. You should refrain from offers that come with a prepayment. These are dubious offers that serve only one purpose, to pull the money out of the people concerned.