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Small credit: which solution in Switzerland

Blog | Credit

In Switzerland many credit agencies are proposing the possibility to take elevated loans on several years. What about the small ones? Is it possible to request a small credit? If yes what is the minimal duration for the reimbursement? Discover our explanations.

Amount and minimal duration?

Whatever the loan agencies towards which you are applying, everyone works generally with the main banks of credit in Switzerland and are subjected to the same conditions. In case of a small credit the minimal amount of a loan is generally from 2,000 Chf. Underneath, the banks will refuse to discuss the matter. The minimal length of the reimbursement, during a contract for a small credit is from 12 months.

Good to know

Are you searching for a small credit for an amount lower than 2,000Chf , or a length of reimbursement lower than 12 months? What to do? In fact, the solution for a small credit is very easy: you must simply ask for a loan from 2,000 or 3,000Chf (in other words an amount more important than you need) on 12 months then:

  • You use the part of the credit that has been non-used for the reimbursement of the loan in one time.
  • The bank will reimburse the supplementary interest that you have paid
  • In the end you will have paid the same interest as if you would have taken a small credit

An example

So if you need only a small credit of 1,000 Chf on 12 months, don’t hesitate to ask for a loan of 3,000Chf. Once this one granted, reimburse 2,000Chf the first month to the bank. Indeed, the banks will accept the early repayment and will refund you the difference of interests at the end of the contract.

Need an advice?

Would you like some information on the subject, or do you need some advices? Don’t hesitate to request a small credit for free towards our partner Multicredit