
Maximum rate decreased to 9.9%
The Swiss Federal Council’s decision to reduce the maximum interest rate on cash loans to 10% compared to 15% came into force in June 2016. If you have outstanding credit, now is the time to renegotiate a lower rate !
The Swiss Federal Council’s decision to reduce the maximum interest rate on cash loans to 10% compared to 15% came into force in June 2016. If you have outstanding credit, now is the time to renegotiate a lower rate !
You have taken out a loan or lease and you can no longer pay your monthly repayments on time? What are the different levels of severity of these late payments? What should you expect in terms of penalties? Can you ask to defer your monthly repayments without consequences? At what point can your bank terminate the contract?
You have an outstanding loan that you are repaying in monthly instalments and need an extra sum of money? How do you go about this? Do the interest rate and repayment period change?
You have an outstanding loan and want to repay the entire debt, including interest, before the maturity date provided in the contract. How do you do this and what are the consequences?
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This blog is run by a non-jurist author. The information provided is based on the professional and personal experience of the latter. We therefore highly recommend that you consult with a lawyer and do not base any decisions solely on the content of this blog, insofar as it is provided for informational purposes only. The author may not therefore be held liable by the blog's readers or by any person who may use this information without performing adequate verifications with a specialised lawyer or jurist.
7 reasons to use a broker for a loan rather than a bank
Are you hesitating between contacting your bank or using the services of a broker to find the best consumer credit offers in Switzerland? To help you decide, Crédits Conseils gives you an insight into the advantages of using a broker and tells you which banks grant private loans in Switzerland. 1.Which banks in Switzerland […]