On what conditions is a credit granted? expand_more
The most important condition is that you are of age and employed. The credit is granted after your personal information has been examined and checked in compliance with the Consumer Credit Act (KKG) and bank-internal guidelines.
Approval of a loan is forbidden by law if it would lead to over-indebtedness on the part of the customer (legal stipulation as required by Art. 3, Federal Unfair Competition Act).
What interests and costs am I to expect? expand_more
The interest rate is between 6.95% and 10.95%. The exact interest rate, however, is determined after your application has been processed. This happens due to your personal conditions and, possibly, on the basis of earlier or existing agreements. The cost of credit results from the amount of credit, the duration and the interest rate. Use our Cash Credit calculator in order to inform yourself about further details.
When do I receive my money? expand_more
If a positive financing decision is made, an offer is sent to you which you need to sign and return. After a legal fourteen-working-day waiting period has expired, you can have the agreed amount of money transferred to your bank account. You find further information concerning the application process here.
What documents do you need from me? expand_more
To enable us to process your financial request we need your completed loan application form, a copy of your ID (passport, identity card or driving license; non-nationals are also required to provide a copy of their residency permit) and an up-to-date wage slip. We shall contact you if any further documentation is required, e.g. evidence of your address, employment situation, financial position and any previous credit history.
What is the maximum amount I can receive? expand_more
The finance amount is based on your personal financial conditions and varies from person to person. When completing your credit application, just enter your personal information as well as your desired amount. We will be happy to prepare a personal offer for you.
Approval of a loan is forbidden by law if it would lead to over-indebtedness on the part of the customer (legal stipulation as required by Art. 3, Federal Unfair Competition Act).
Will my employer be informed about my application? expand_more
No, of course not. Your application will be processed discretely and kept confidential.
What is the minimum amount for a credit? expand_more
Granting credit is possible starting from as little as CHF 500.
When is my first instalment due? expand_more
Under normal circumstances, the first instalment is due one month after the money has been paid out (on the first of each month). For further information, please check your credit agreement.
How do I know what amount of money I am still obliged to pay? expand_more
Contact your customer adviser or contact one of our branch offices.
Can I increase the amount of credit during the term of the agreement? expand_more
Yes, you can. In principle, increasing your credit is possible, depending on your economic situation. For detailed information, please contact your customer adviser or directly complete an online credit application.
Do you charge an issuing commission? expand_more
No. For Cash Credit and for Cash Credit Plus there is no opening fee.
What happens if I fall ill or have an accident? expand_more
We recommend you take out Payment Protection Insurance* in order to insure yourself against undeserved insolvency (e.g. in the event of accident, illness, disability or involuntary unemployment). You receive further information on this website or by calling 0800 814 800 (free of charge).
Are the interests deductible from taxes? expand_more
Private individuals can deduct their interests from the income tax. The necessary certificate of interest is automatically sent to you once a year.
