In Switzerland, one in ten people lives in a household using a consumer credit. What does this type of loan exactly mean and for what purpose do Swiss consumers need it? Whether it is to purchase a new car or simply pay daily bills, there are several reasons to get a consumer loan and it applies to a various range of population. Let's have a closer look!
A consumer credit is a loan granted by banks to individuals. This type of credit is used by households that wish to finance goods or services. In general it gives the possibilty to cover heavy expenses like house furnitures or cars. Mortgage and professional credits as well as debts to particulars (friends, family,…) are not considered consumer credits. These loans usually allow to finance the following types of goods:
On a socio-demographic level, consumers that are less than 50 years old, families with children, foreigners and renters are more prone to a consumer credit. In the French-speaking part of Switzerland, more than one in four people uses a credit while one in six in the German-speaking part.
Even if statistics show that some ranges of population are more prone to request consumer credits, such loans are used by many people who simply wish to get some financial help in order to achieve personal projects. In Switzerland, this type of credit adapts to any situation!
Do you want to get a consumer credit any time soon? We suggest you to get some accurate information before making any commitment. Every request is registered into a credit central, therefore it is better to avoid any useless request. An experienced and specialised credit agency like Multicredit could offer you a free and confidential analyse to help you estimate your loan possibilities.