Only certain types of the borrower's Swiss income* can be taken into account when applying for a personal loan.
For avoid registering a refusal by the ZEK, It is recommended to check with the lending institution or its broker before applying for a personal loan.
*In the context of a marriage contract or a registered partnership, the income of the spouse is also taken into account
Accepted types of income and professional situations differ from bank to bank
A minimum total income of CHF 3,000 is however generally required by banks.
Any income will have to be proven using the recent supporting documents mentioned below.*.
* Likely to vary depending on banks and files
Employee income
The employee income taken into account is generally:
- Last 3 payslips. Justifications of bonuses and bonuses.
Good to know - Employee income includes bonuses and bonuses and 13th salaries.
Revenues of self-employed
- Recent tax taxation (less than 1 year)
Family and training benefits
Allowances are often mentioned on pay slips; otherwise, an account statement may be accepted.
Disability insurance pensions (AI) and old-age insurance pensions (AVS) up to age 70
- Last pension decision: disability insurance (AI) and pension fund insurance or bank statements for the last 3 months.
- Last decision of the old-age insurance and 3 last bank statements for the AHV.
Alimony payments received
If these pensions are necessary for the conclusion of private credit, it is possible that the duration of the credit may be adapted accordingly.
- Judgement of divorce or complete separation.
- Bank statement for the last 3 months showing the pension payment.
Apprenticeship earnings for the borrower's children
- Last proof of apprentice income
Widow and orphan pensions
- Pension certificate or account statement
Rental income
- Last tax notice or last statement of account
Revenues listed below will not be taken into account by banks to estimate the credit capacity of a borrower.
You will find details explaining why banks don't take this into account.
Unemployment benefits
- Unemployment benefits are not accepted by banks due to their temporary and unstable nature, which increases the risk of non-repayment.
Income paid in cash
- The payment of wages in cash by definition cannot be justified by any accounting records.
Income from gig work
- This is revenue from on-call contracts (e.g. catering extras) that are very unpredictable.
Supplementary benefits (disability insurance AI) or allowances for the disabled (AVS)
- Supplementary benefits to AHV and AI (PC) provide financial support when pensions and other income are not enough to cover basic needs.
- They cannot be used to repay a credit.
Reimbursements of effective professional expenses
- The reimbursement of actual expenses covers an actual expense and therefore does not constitute income.
The portion of income from exceeding the legal maximum working time (200 hours)
- It is not possible to establish a credit over several years based on the fact that the borrower is forced to work more than 200 hours per month.
Scholarships for pupils and students
- The scholarships are renewed every year and do not constitute a stable income.
Income from abroad
- Income from abroad cannot be seized and therefore cannot guarantee the repayment of a credit.
- Only income received in Switzerland can be taken into account.
Does all this still seem unclear to you? Our team is here to help, so don't hesitate to contact us.
