Many consumers have heard the term “Swiss Credit” at least once before and also know what options go with it. In truth, however, many credit seekers are looking for genuine Swiss credit experience from other borrowers.
What is needed above all is the Swiss credit experience of all those customers who have already taken out a loan in this way and can therefore call a positive credit note their own. These can give valuable information about the process of borrowing from foreign banks.
The so-called Swiss loan has developed in recent years as a good alternative when borrowing. Because he presents itself as credit bureau-free credit quite reputable and ensures that under certain circumstances, even a loan can be claimed even if negative entries in the credit bureau depressed.
What to do if the credit bureau is negative?
Swiss loans are not offered without reason. The main reason for such loan offers lies in the fact that German banks do not lend if the borrower has a negative credit bureau. In return, he would have to be able to name at least one solvent guarantor who compensates for the negative credit bureau and who is liable for the credit with his money.
But it is precisely these guarantors that many loan seekers do not want to raise. They want to settle their financial affairs on their own, and therefore they do not see it as being a stranger, who in the worst case would even have to be liable for them.
Therefore, they are looking for loans that work in spite of negative credit bureau and that provide the needed money in a serious way.
It is often the case that a negative credit bureau does not automatically mean that the borrower is not fit for borrowing at all. For a negative credit bureau refers to a default on a payment, but says nothing about what income the borrower has, what expenses he has to make every month and how his other handling of his financial resources.
If you only allow yourself a slip-up and have to nibble on it for a few years, because the credit bureau does not delete the negative entry immediately, you are naturally looking for a loan that represents a good alternative to the classic installment loan and which can also be taken on its own. Swiss loans, which are always forgone, would be a good alternative.
According to experience, Swiss credit is only available through an intermediary
Many consumers are wondering why Swiss credit exists only through an intermediary. This question is actually relatively simple to answer, since there is ultimately a similar banking system in Switzerland, as we know it from Germany.
However, our experience has shown that many banks from Switzerland do not operate private customer business on the Internet.
It is also important in Switzerland for the applicant to be in the best possible position with regard to his credit standing in the event of a forthcoming loan. A negative entry in the credit bureau reduces the credit rating, however, so that a loan offer must be found, in which the credit bureau plays a minor or no role.
Loans from Switzerland are therefore offered through intermediaries who establish contact with the relevant lenders and search for the appropriate loan offer on behalf of the applicant.
The consumer, for his part, would not have the opportunities and the contacts to take out the loan on his own. Because the required contacts do not exist.
Particularly good Swiss credit experiences could be made with the credit intermediary Maxcredit. The broker is based in Switzerland and has specialized in clients from Germany who are looking for a credit bureau-free loan.
Loans are offered in a variety of designs and terms. The provider works together with 20 banks and lenders to bring together tailor-made offers for the prospective client.
The loans at Maxcredit are credit-dependent and therefore have a variable interest rate. Net loan amounts of 1000 $ to 100000 $ will be awarded.
Even with the contract period, the borrower can expect a fairly wide range. Terms between 12 and 120 months would be possible. The credit offers from Maxcredit come with no pre-charge. A request is therefore always free and without obligation. And comfortably via the Internet, without having to plan a trip to Switzerland.
How reputable are the offers?
Especially in relation to Maxcredit, the experience in this area is very good. The provider presents itself not only on the Internet very transparent, but also pulls through his offers. Anyone who asks Maxcredit for a loan request will receive an offer that is understandable even to laymen. All key data on the possible credit are displayed.
This would be in addition to the net loan amount and the gross amount, which was extended by the interest. In addition, all other terms are described and demonstrated. These include possible installment breaks, special repayments and early repayment of the loan.
Here, it is necessary to make separate agreements with the provider, if necessary, in order to be able to individually align the loan. But beware: the agent himself has few options for customization. The lender must ultimately agree.
Experience also shows that prepayment is not levied on reputable Swiss loans. Even if it does not come to a credit agreement. The same applies to the conclusion of additional insurance or subscriptions. Again, nothing has to be feared if a reputable provider of Swiss loans is used.
What are the conditions for credit bureau-free loans?
The terms play a crucial role in borrowing. Swiss credit experience clearly shows that the conditions for loans without credit bureau hardly deviate from the regular offers of German banks. Loan sums, maturities and also the monthly installments can keep up with the regular offers.
However, what the experience surrounding Swiss credit clearly shows is that interest rates are generally much higher than with regular installment loans. However, this is because the credit bureau is not queried and thus automatically assumes that there is a weak credit bureau. And this pushes the credit rating.
As a hedge and because of the higher default risk, the lenders secure themselves with a higher interest rate. However, if you are in urgent need of a loan and do not get it in Germany, you also accept the increased interest rate and can handle it.
In addition, the interest rate can be reduced by a good income and additional collateral. The extent to which this works must be decided according to the offer.
Furthermore, the Swiss credit experience shows that a simple application via the Internet is possible at any time. The reaction of the intermediaries is timely, so that the prospective loaner can plan well.
However, it has to be considered that the first provisional commitment is not yet binding. A firm commitment together with the exact conditions can only be created when all documents have been checked and a suitable funder has been found.
How long does it take to process and pay the loan?
Experience with a Swiss loan shows that these loan offers are only partially suitable as express loans, lightning loans or instant loans. Although this is falsely emphasized in the advertising now and then. Rather, a processing time of 2-6 days must be scheduled until all operations have been completed and the processing and payment of the loan is done.
Anyone who chooses a Swiss loan should therefore plan it from the beginning and expect no miracles.
The agents work quickly and make every effort to process and pay out the Swiss loan as quickly as possible. However, they also depend on the support of the applicant.
So it is important that the loan seeker the loan application as possible at the beginning of the week, if a particularly fast processing and payment is to take place.
The experience has clearly shown that no processing of applications takes place at the weekend. An application at the end of the week would therefore be counterproductive.
On top of that, it is important that the borrower provides all documents for processing in a timely manner. What documents that are in detail, we want to shed more light in the last section.
What documents do you expect to need when receiving a Swiss loan?
First of all, the experience surrounding the Swiss loan shows that the loan application must be completed in full and truthfully, so that processing of the application can be initiated.
Incorrect or incorrect information automatically leads to a rejection of the loan application. The mediator then assumes that the money should be stolen and therefore has no interest in a serious and open cooperation.
In addition, the income must always be proven. For this it is important that the salary statements of the last months can be submitted. How many have to be depends on the respective mediator. In general, it can be assumed that the last month or the last three months must be proven.
Also the expenses must be able to be occupied. Only then can the provider determine whether the loan seeker can afford the loan. Because only if there is a positive difference between the income and the expenditure, is sufficient space for the repayment of the loan. For this purpose, the bank statements of the last four weeks should be kept.
For the legitimization of the loan application, a valid identity card or passport is required. In addition, documents may be requested for additional collateral if larger loan amounts are desired or if classic income is insufficient to provide security for the Swiss loan. Also in this regard, there will always be an individual decision that will be discussed with the prospect.
Our conclusion on the Swiss credit experience and conditions
Loans from abroad can be legitimate and be available at acceptable rates with acceptable terms. Our Swiss credit experience shows that it is best to seek a debt-free loan through a reputable credit intermediary such as Maxcredit.
Fast and discreet you get the best credit, tailored to your own financial situation.