The Swiss instant loan may well be known to many borrowers as a loan without credit bureau or credit bureau credit from Switzerland. This is already said something about the most important feature with which the Swiss instant loan is advertised: A credit bureauauskunft is not necessary. Previous credit obligations are therefore not significant and also the own house bank is not noticed by the borrowing. More information at fantacalcioamelia.com
What are the terms and conditions of the Swiss instant loan
Although a credit without credit bureauauskunft triggers spontaneous feelings of happiness in some borrowers, but that’s not yet said about whether such a loan is always the best choice. Because the Swiss instant loan comes with certain conditions, which can be changed only in the rarest cases.
First of all, it is not possible to apply for the loan directly from a Swiss bank, because the legislature does not want that. The application must be made via the detour of a credit intermediary, which cooperates with one or more of these banks. If the right offer is found, the next question is the collateral. Although the Swiss instant loan does not require a credit bureau statement, it can not be applied for without the existence of a fixed or regular income.
The income is subject to certain claims by the Bank which it has to fulfill in the context of borrowing. The income must come mainly from self-employment. The applicant must prove this by means of up-to-date wage and salary statements from his employer. Conversely, this also means that self-employed and freelancers have little chance of a positive credit decision. Added to this is the level of income, as this must be sufficient for the performance of a regular debt service.
At the latest when applying for the borrower will then quickly realize that most conditions are set in advance. The loan amount usually amounts to a sum that is between 3,000 and 4,000 USD. Debit, term and thus the installment amount are also set from the outset. These are the typical features of a Swiss instant loan.
So the question remains, for whom the Swiss instant loan is worth.
In principle, it is suitable for borrowers who are planning to take out a larger loan in the near future, but need a smaller one before that does not make themselves felt in the credit bureau report. Another typical use is the replacement of an existing loan, given the sums are mostly overdraft.
Although Swiss loans may be very similar, but nevertheless a comparison should not be waived. The easiest way to do this is via the internet, where you can look at a large number of offers. What you should pay attention to is the amount of processing fees. If there is an indication for this only in the small or very small print, the height is likely to be above the market average. If then no effective interest rate is given, which can provide information about the total cost of the loan, you should better look for another provider immediately. Especially in this area, there are many dubious providers who like to acknowledge a rejection with high processing fees. So loan comparisons should also be consulted. A little time is therefore needed for the comparison, but this saves both costs and annoyance at the end.