Answers to
All Your Credit Questions

When applying for credit, you will typically need to provide the following personal information:

1. Identification Details: A copy of a valid ID or passport.
2. Contact Information: Your current address, phone number, and email address.
3. Income Details: Proof of income, such as recent salary slips or tax returns.
4. Employment Information: Details about your current employer, job title, and length of employment.
5. Financial Obligations: Information about existing debts, loans, or credit card balances.
6. Banking Information: Your bank account details for verification purposes and credit disbursement.

Additional documents or information may be required depending on the credit provider and your specific circumstances. Providing accurate and complete information is essential to ensure a smooth application process.

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After taking over your lease contract, you must have code 178 removed from your driving license. This code indicates that the vehicle was previously under a leasing agreement. Please ensure that the leasing organization has submitted the required information to the car office to facilitate this process.

It is essential to address any difficulties in paying your monthly credit installments as soon as possible. Ignoring these challenges can lead to increased financial strain, additional fees, and a deterioration of your creditworthiness, which may be recorded in the ZEK register.

Fortunately, solutions are available to help you regain control of your situation. Your broker is here to provide guidance and support, evaluating your financial circumstances and outlining potential options. These may include negotiating a payment deferral, restructuring your credit terms, or exploring other tailored solutions with your bank.

For more details on responsible credit practices and managing financial risks, we encourage you to consult the Swiss Consumer Finance Association Information Notice.

Only regular AI pensions are eligible for a loan, provided there is sufficient repayment capacity. Disability pensions and supplementary benefits are not considered by financial institutions, as they are intended to cover specific needs and are not viewed as stable income for the purpose of granting credit.

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A personal loan offers flexibility, allowing you to finance any type of equipment, whether it's furniture, appliances, or home improvements, without specific restrictions.

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All types of private loans registered with the ZEK (Central Credit Information Center) can be refinanced. This includes personal loans, credit card balances, and leases. Based on your request, the Credial team and the bank will manage all the procedures to repay and consolidate your commitments.

All types of courses are eligible for a training loan, whether it’s university studies, vocational training, private schools, advanced courses, or certifications. This financing can cover tuition fees as well as educational materials, internships, or travel expenses required for the training. Whatever your field, a training loan allows you to invest in your future with complete peace of mind.

You can request to increase your credit at any time, provided that the conditions for granting a credit are met and the lending institution agrees. However, it is important to note that some banks may decline requests for credit increases that are made too soon after the initial credit approval or are too frequent. These situations are often associated with higher financial risk from the lender's perspective.

To ensure a smooth process, we recommend discussing your situation with our advisors, who can guide you through the requirements and help you prepare a strong application for your credit increase.

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Private loans in Switzerland that are eligible for a monthly payment deferral are those that explicitly include this option in the contract, such as with Bank-now. However, if your contract does not allow for a direct deferral, a loan refinancing solution may provide this possibility.

In this case, all private loans can be refinanced with a new loan that includes an extended repayment term. Our Credial consultants are here to help you identify the best solution based on your situation.

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Obtaining a relocation loan in Switzerland is quick and easy. You simply need to be between 20 and 67 years old, have lived in Switzerland for at least one year, and be either a Swiss citizen or hold a B or C residence permit. A minimum monthly income of CHF 3,000 is required, and applications are processed quickly to ensure financing tailored to your budget.