Answers to
All Your Credit Questions

According to the Consumer Credit Act (LCC), the services of a credit broker cannot be charged to the borrower. The broker is instead remunerated by the bank that establishes the credit contract.

This regulation ensures that borrowers can benefit from the expertise and support of credit brokers without incurring any additional costs.

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The cost of an education loan may vary depending on the specific conditions of the personal loan you choose. Factors that influence the cost include the interest rate applied to the credit, and the term of the loan.

Yes, it is generally possible to combine an education loan with other financial aid, grants, or loans to support your training or education. However, it is essential to consider your ability to repay the loan during and after your training, particularly if your educational commitments lead to a reduction in your employment workload percentage, which may affect your income during this period.

If the monthly payment break is included in the general terms of your credit contract, this option allows you to postpone your monthly payments for up to 2 months without incurring additional costs or interest. Additionally, in the context of a credit consolidation or refinancing, it may be possible to defer a monthly payment under certain conditions.

For any questions about the payment break or to explore options available for your specific situation, the Credial advisory team is here to assist you. You can easily reach out to us by phone or email to discuss your needs and benefit from personalized support.

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Oui, le crédit privé en Suisse est strictement réglementé par la Loi fédérale sur le crédit à la consommation (LCC), l'une des législations les plus rigoureuses d'Europe en matière de protection des consommateurs.

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Les principaux objectifs de la LCC sont :

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• Prévention du surendettement : Les prêteurs sont tenus d'évaluer minutieusement la solvabilité des emprunteurs avant d'accorder un crédit, afin de s'assurer que ceux-ci peuvent rembourser le prêt sans compromettre leur situation financière.

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• Transparence contractuelle : Les contrats de crédit doivent inclure des informations claires et détaillées, telles que le montant total du crédit, le taux d'intérêt annuel effectif (TAEG), les modalités de remboursement et les droits de l'emprunteur, notamment le droit de rétractation dans un délai de 14 jours.

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• Plafonnement des taux d'intérêt : La LCC fixe un taux d'intérêt maximal pour les crédits à la consommation, révisé périodiquement par le Conseil fédéral, afin de protéger les emprunteurs contre des coûts excessifs.

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En complément de la LCC, les établissements financiers doivent respecter les directives de l'Autorité fédérale de surveillance des marchés financiers (FINMA), qui supervise les activités bancaires et veille à la stabilité du système financier suisse.

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Ainsi, le cadre légal suisse assure une protection robuste des consommateurs en matière de crédit privé, en imposant des normes strictes aux prêteurs et en garantissant des pratiques transparentes et responsables.

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A renovation loan offers several advantages over increasing a mortgage. It usually has lower processing fees, doesn’t require detailed estimates or invoices, and avoids notarial changes if the mortgage deed cannot be adjusted. The process is also faster and simpler, making it easier to finance your projects.

To be eligible for a loan as a cross-border worker employed in Switzerland, you must meet specific conditions. These include having a paid job in Switzerland, having worked in the country for at least three years, holding a valid work permit, and earning a minimum net monthly income of CHF 3,000.

To qualify for a loan as a self-employed individual in Switzerland, you must have been continuously active for at least two years. Additionally, it is generally required to provide proof of income through a final tax assessment.

The requirements for obtaining credit as a pensioner depend on the type of pension you receive. For AHV pensioners, it is generally necessary to be under 70 years old at the end of the loan repayment period. For AI pensioners, it is important not to be receiving additional benefits.

A personalized, no-obligation analysis of your situation can be conducted to verify your eligibility for credit before you apply.

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To obtain a loan in Switzerland with a B permit, you must have resided in Switzerland for at least one year and hold a valid B residence permit. Additionally, most banks require a minimum net monthly income of approximately CHF 3,000 to evaluate your repayment capacity.