This association records every year in its database every statistic linked to personal loans. Thus, every request made with a bank or credit agency is recorded in the ZEK’s database. This association records “bad history” as well. When someone asks for a loan towards a bank, this last one will check the ZEK for any bad credit history.
In 2015, outstanding loans to private people lightly decreased to 7.171 billion Chf for a total of 387,000 active contracts. This represents an average of more than 18’000 Chf by contract to reimburse! Of this amount, the vast majority (> 90%) is made up of personal loans. The 10% remaining are made up of fixed loans, instalment payments and current account credit facility. In 2014, outstanding loans represented a total of 7.276 billions Chf.
Interestingly enough, nearly one of three loan request was refused in 2015 (30.9% exactly). This number was 35.8% in 2014.
|Type of loan||New contracts||Total number||Total outstanding amount|
|Current account credit facility||8’329||19’981||416’974|
If 2016 numbers are not available yet, it will be interesting to see how the new law of mid-2016 will change things. Indeed from mid-2016, the maximum interest rate for consumer loan decreased from 15% to 10%