Why choosing a credit rather than a mortgage loan for your property (new home, renovation, transformation, ...)? In this page, we will explain you the advantages and disadvantages of credit and mortgage loan.
A mortgage is a right granted to a creditor. For example if you are buying a house and pay only the half, the other part will belong to the creditor (usually the bank) until you fully reimburse it. With a mortgage loan, you usually benefit from low interest rates, but over a long repayment duration (many years).
A credit is sometimes more favorable than a mortgage. First it is much more easier to have one. A credit doesn't give as many administrative tasks than a mortgage. Also in terms of cost, a credit can be more favorable depending on the situation.
Taking a mortgage can be long and will cost in the end a lot of money. With a credit you can have a deduction on your taxe interests and some other advantages. Here are some interesting points regarding credits and mortgage loans:
Do not hesitate to ask an offer: it's free with no obligation. This way you will be able to compare our credit offers with any mortgage loan offer. Our offer will be available for one full month and does not commit you to anything:Ask for free
Lending a private loan is forbidden if it leads to over-indebtedness of the consumer (Art, 3 of Swiss LCD)
Calculation example: a 10,000 Chf loan with an interest rate of 5.90% to 9.90% gives a total cost for 12 months of 313 to 520 Chf
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