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The mention of code 178 on the driving license is actually an important restriction when it comes to the sale or transfer of a vehicle. In other words, if this code is on the license, it means that the owner of the vehicle cannot sell it or transfer it to someone else without first obtaining permission from the Automobile Office. In general, this mention is given to vehicles that have been financed through a leasing contract. Its aim is to ensure that all issues related to vehicle leasing are properly resolved prior to any sale or transfer of ownership.

A relocation loan allows you to comfortably finance a move by covering not only transportation costs but also additional expenses such as a security deposit, furniture, or potential renovation work. In Switzerland, the average moving budget is around CHF 2,500, but costs can quickly rise depending on the distance and chosen services. With a minimum amount of CHF 5,000, a moving loan provides a cash flow buffer to anticipate unexpected expenses and settle smoothly into your new home.

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The approval time for an AI pensioner loan varies by financial institution, but an initial response is typically provided within 24 to 48 hours. Once the application is complete and validated, the funds can be disbursed after the legal 14-day waiting period, in accordance with the regulations in Switzerland. To speed up the process, it is recommended that you submit all necessary documentation when applying.

The monthly payment break is a service included in some credit contracts and is usually mentioned in the general terms and conditions. For example, certain banks, such as BANK-now, allow you to defer up to two monthly payments free of charge, without additional costs or interest.

Other banks may also offer the option to defer several monthly payments until the end of the loan term. However, in such cases, fees may apply, and the deferred payments will accrue interest.

It is essential to respect the repayment terms outlined in your credit agreement. We recommend contacting the bank that granted your credit for specific details regarding this option.

The Credial team is also available to assist you in exploring your options and ensuring you find the best solution for your situation.

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A car loan and leasing are two options for financing a vehicle in Switzerland, but they have significant differences. With a car loan, you become the immediate owner, free to choose your insurance and sell the vehicle whenever you want. Leasing, on the other hand, means the car remains the property of the financial institution, with restrictions on mileage and maintenance.

Although leasing often offers lower monthly payments, it can lead to additional costs at the end of the contract. Car loans provide more flexibility and allow interest payments to be deducted from taxes, while leasing is better suited for those who prefer a fixed budget without the intention of owning the vehicle.

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A professional loan is intended to finance the needs of a business, such as the purchase of equipment, business development, or cash flow management. Its approval is primarily based on the company's financial health, including its turnover, balance sheet, and profitability.

A private loan, on the other hand, is granted to an individual and is based on personal income. It can be used freely, including for business purposes if the self-employed person uses their own income. The approval of a private loan depends on the borrower’s repayment capacity and the criteria set by the Consumer Credit Act (LCC).

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The maximum duration of a loan refinancing is determined by the bank based on your financial profile, including your level of risk, budget structure, and internal policies. Some institutions may offer financing for up to 120 months, but it is generally recommended not to exceed 84 months to limit the total cost of the loan. A shorter term helps reduce the interest paid while maintaining an optimal budget balance. The bank will assess your repayment capacity to determine the term best suited to your situation.

The minimum amount for a training loan is CHF 5,000. The maximum amount depends on your credit capacity, which is calculated based on your income during training and your expenses. The more stable your financial situation is, the better the financing can be tailored to your needs. A personalized evaluation helps determine the optimal amount to cover your training costs while staying within your budget.

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In accordance with the Consumer Credit Act (LCC), you have a legal right to withdraw from your loan contract within 14 days of signing, free of charge. Additionally, you may request an extension of the withdrawal period if needed. To cancel your contract, simply send your request directly to the bank that issued the credit agreement or contact your personal advisor.

A renovation loan can be used to finance any project focused on improving, renovating, or maintaining your home.