Cash loan from Switzerland

The cash credit from Switzerland is becoming more and more popular because it offers advantages that are not available from German banks. It also enables people with a bad Credit Bureau to get a loan

In order to apply for a cash loan from Switzerland, the applicant does not have to personally go to the bank. Those interested in credit can visit various portals on the Internet and filter out a provider. There are numerous providers, but there are already some differences. The conditions of the individual providers vary widely. Interest rates in particular are very differently staggered.


Credit comparison should always be made first

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This is the only way to filter out a favorable offer. Once a provider has been found, a form can be filled out. As a rule, the future borrower must send his proof of salary. A copy of the ID card is also required. With this, the bank can check at a glance that the borrower is registered in Germany and, above all, is of legal age. As soon as the documents have been checked, the provider sends various offers of credit.

The borrower now only has the choice of deciding on an offer. Once the choice is made, a loan agreement is signed. As a rule, the loan amount is credited to the account within a few days.


What should borrowers look out for?

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Borrowers who choose a cash loan from Switzerland should first and foremost make sure that the provider is reputable. At first glance, this is not always apparent. However, there are numerous testimonials on the Internet that should be read. This way, black sheep can be filtered out and there will be no problems with the Swiss cash advance.

Interest rates are also an important issue. With larger sums in particular, care should be taken to ensure that interest rates are not too high. Although they are not comparable to those of German banks, money can still be saved here. Installment payments should not be overestimated. A longer runtime should be used instead.

If, for whatever reason, the installments are not repaid, a wage seizure will result. Then the borrower would find himself in a financial emergency that is avoidable. If you cannot pay your installment for a month, you should contact the bank as soon as possible. In the event of an emergency, these may grant a postponement


Negative Credit Bureau entries – no problem

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Those who fear that they will not receive the cash credit from Switzerland through negative Credit Bureau entries do not have to worry. Switzerland does not work with Credit Bureau. The bank cannot take a look at Credit Bureau and does not know that, for example, loan agreements already exist.

This is exactly what makes the loan so attractive. Especially those who have a lot of entries in the Credit Bureau and have already been rejected by German banks often take out the cash credit from Switzerland. The loan taken out in Switzerland is also not entered in the Credit Bureau, so that later loans can be taken out from German banks without any problems. Only German banks work with Credit Bureau.