Swiss loan real estate financing the course be to borrow money from relatives or friends

Sometimes multiple high payments come at the same time and you have to struggle temporarily with a financial bottleneck. An option would of course be to borrow money from relatives or friends. However, not everyone can ask friends or relatives for financial help. And a normal financial institution would immediately reject any loan application due to a Credit Bureau entry or insufficient creditworthiness. However, this does not have to mean that you now have to shelve your financing requests. A borrower has real chances to get a loan even with poor creditworthiness and without Credit Bureau information.

What points have to be considered regarding Swiss loan real estate financing?

What points have to be considered regarding Swiss loan real estate financing?

It is important for you as a borrower that the monthly installments for your loan are not too high. It is much easier for you if there is enough money left over from your income for other important things. Good conditions and low interest rates are essential for good financing. If the loan is sufficiently flexible, you will experience difficulties in repayment much less frequently. The option to stop paying the installments for a month is just as much a part of this as free special repayments. All of this should include sustainable financing on the subject of Swiss loan real estate financing.

However, there are a few points you should keep in mind so that there are no obstacles to your loan as a pensioner, student, self-employed, employee, trainee or unemployed:

1. Only set the loan amount as high as absolutely necessary

In general, the basic principle applies: The costs incurred must be measured as precisely as possible in relation to the subject of Swiss loan real estate financing. It is therefore absolutely necessary to prepare the expenses in advance so that there are no unpleasant surprises afterwards. Taking a small financial cushion into account would undoubtedly not be wrong – too large a buffer, however, leads to unnecessarily high liabilities. Therefore do not take out a higher loan than is necessary. It is better to compensate for the under-calculated needs by means of follow-up or top-up financing.

2. Establish a structured plan of your finances

If you need a loan, you should correctly assess your financial situation as well as precise control over your own income and expenses – also when it comes to Swiss real estate finance. Here, for example, a precise weekly statement of your own costs helps: Every day it is noted exactly what and how much money was spent. Small amounts, such as morning coffee at the bakery or beer after work in the pub, should also be taken into account in order to uncover hidden expenses. In this way, it is easy to determine where one or the other USD can possibly be saved. In addition, such a list also helps in assessing the optimal repayment rate.

3. Be careful and conscientious

All information about your creditworthiness and your own financial situation must be correct, honest and accurate – be correct, honest and careful with all information about your financial situation and creditworthiness when it comes to the subject of Swiss real estate financing. required evidence and documents conscientiously together. A serious, accurate presentation of your own finances is therefore possible, which has an advantageous effect on your chances of an instant loan


What a professional loan broker can do for you

What a professional loan broker can do for you

In general, the main activity of an intermediary is to assist you in finding a suitable “loan without Credit Bureau”. In particular, the assistance can also go beyond mere mediation and can be expanded to include debt counseling. The tasks of a professional loan despite Credit Bureau intermediary also include showing you the advantages and disadvantages of a financing offer and assisting in the compilation of the documents for the loan despite Credit Bureau application.

Advantages or disadvantages of loan brokerage



  • Comprehensive advice before submitting the application
  • Help with the compilation of the application documents
  • Connections to lesser known banks and credit institutions
  • Reasoning aid for large amounts of funding or complicated personal circumstances
  • Good options on cheap loan interest
  • Mediation of loans even with insufficient creditworthiness


  • Doubtful offers are not always immediately recognizable
  • Risk of arranging loans that are too expensive
  • Possible costs for obtaining credit

The article Credit Swiss Bank Online is also worth reading

Because numerous brokers maintain good connections to lesser-known institutions, there is a high probability of negotiating more favorable terms for Swiss loan real estate financing. It is entirely possible to negotiate even with complicated conditions. In the case of small banks, the applicant’s creditworthiness check is carried out almost exclusively manually, so that the intermediary can credibly explain an unfavorable entry in the Credit Bureau, for example. As a result, such an entry in the credit check is not as important as in a large bank, where such a procedure is largely computer-controlled. In contrast, for established banks, an application for a loan for Swiss real estate finance is usually a hopeless undertaking from the start.

This is how serious creditors differ from dubious credit brokers

If a broker is reputable, he is genuinely interested in helping you to obtain a loan for a Swiss real estate loan. Since the agent receives his commission from the bank, you generally do not incur any expenses or other payments.

Reputable credit intermediaries can be recognized by the following points:

  • The agent has a website including contact details, address and imprint
  • You do not pay any fees for arranging a loan
  • The company can be reached de facto with a call, whereby the interlocutor makes a serious impression
  • You will receive specific information on target and effective interest, loan amount and terms

You can recognize a dubious broker by the following criteria:

  • Costs already for the consultation and regardless of the conclusion of the loan contract
  • You will be promised a 100 percent loan approval
  • Documents are sent cash on delivery
  • Proposed financial restructuring
  • Unannounced acquisition at home
  • Financing depends on taking out residual debt insurance or other insurance
  • Calculation of expenses or additional costs
  • They are urged to sign the agency contract

The advantages of foreign banks in Swiss credit real estate financing

The advantages of foreign banks in Swiss credit real estate financing

More and more people are taking out loans from foreign financial institutions because they are planning a longer vacation trip, want to work, or simply need a new car. Nowadays, consumers have discovered, in addition to the classic way to a house bank, the Internet to take out a loan from a foreign bank that exactly meets their needs. What speaks for a credit institution abroad are the clearly simpler guidelines for lending compared to Germany. For Swiss loan real estate financing, a negative Credit Bureau entry or an unfavorable credit rating are therefore not so important. Online loans are provided here, which are generally granted by Swiss banks. So if you quickly need a financial injection and have already been rejected by a German bank, this fact could be very interesting. For example, the self-employed, students, trainees, pensioners, probationary workers or the unemployed. These people in particular find it particularly difficult to obtain a loan when it comes to Swiss real estate loan financing.

Swiss credit – the advantages

Individuals in a precarious financial situation often cannot get a loan. Financing is made significantly more difficult due to poor creditworthiness or debts. A Swiss loan can be a useful option in such cases. It means a loan from a Swiss credit bank. Credit Bureau queries are generally not carried out by such institutes, which makes it significantly easier to obtain the loan. With regard to the topic of Swiss loan real estate financing, this fact can almost be seen as ideal.

Obviously, you also need certain proof of income and collateral for a loan from Swiss financial institutions, although a credit check is also mandatory before the loan is granted. If it is only an entry in Credit Bureau that worries you about financing, the Swiss loan could be a real opportunity for you, provided that your credit rating is in order so far.

This is how Swiss credit real estate finance certainly works

This is how Swiss credit real estate finance certainly works

Many who are looking for Swiss loan real estate financing online, that is, “despite moderate creditworthiness” generally mean a “loan without Credit Bureau”. Because with all well-known credit providers, the economic situation is checked – if not at Credit Bureau, then definitely at another credit agency.

Credit Bureau is by far the largest and best known credit agency in Germany. Therefore, almost everyone has a score (an entry) for her. Because if you have applied for a credit card in the Federal Republic or set up an account with a bank, such a credit rating will be created for you. There is therefore no “credit without Credit Bureau” at {any reputable financial institution}. What is there, however, is a “loan despite Credit Bureau entry”. Fortunately, most of the entries made by consumers are positive at Credit Bureau. However, many people think that they have a “negative Credit Bureau entry”

It is best to check first whether the score index is actually so unfavorable that it might be difficult to release your loan application at a bank. Incidentally, the Credit Bureau permits a free query of the “Credit Bureau Score” once a year. Since 2010 there has been an option to obtain self-disclosure from the credit agency. This makes it possible to determine what personal information is stored. You are normally entitled to this information once a year free of charge in accordance with Section 34 of the Federal Data Protection Act (BDSG). You can request the relevant information from “MeineCredit Bureau”. Together with your personal score (Credit Bureau score), they also include information about whether any institute has obtained information about you. Your scoring is based on various “ratings”, which range between 1 and 100. The higher the value, the better the credit rating. 100 is the maximum value and indicates that the probability of failure is extremely low. On the other hand, if someone only has a score of 50, for example, Credit Bureau assumes that payment difficulties may have to be expected.

Tip: This is how you can have a negative Credit Bureau entry deleted

It can quickly happen that you don’t pay a due invoice. Be it a move with a new postal address, short-term financial bottlenecks through no fault of your own or because of a longer vacation. There may be difficulties at some point even with an unpaid mobile phone bill. One or the other fell out of the clouds when he applied for a loan from his bank weeks or months later, but was rejected due to an unfavorable Credit Bureau entry. If there are reminders or even payment requests and thus a decrease in the score, this can, as I said, have consequences for the application for a loan.

However, it is possible that the consumer can have an adverse Credit Bureau entry eliminated. The credit agency stores considerable amounts of data. Accordingly, it can happen that stored information is very often incorrect or outdated. So insist on your right as a consumer and ask for self-disclosure in order to be able to view your existing data. To do this, it is sufficient to request a deletion from the credit agency. However, the condition is that the claim must be paid within 6 weeks and must not exceed USD 2,000.

Your data at Credit Bureau – deletion of Credit Bureau data

The Credit Bureau data will be automatically eliminated after a certain time without your intervention. This generally happens:

  • for information about requests after exactly one year; This information will only be transmitted to contractual partners of Credit Bureau within 10 days
  • for loans three years after the year of full repayment (exact to the day) of the loan
  • for information about due receivables, each after a period of 3 full calendar years (this means, at the end of December 31 of the third calendar year that follows the entry)
  • in the case of claims from online shops or mail order companies, in the event that these have now been resolved

The advantages of a Swiss loan

It is often difficult for a private individual who is in a financial emergency to obtain a loan. Financing is made considerably more difficult due to poor creditworthiness or debts. In such cases, the last option would be a so-called “Swiss loan”. This means a loan that is granted by a Swiss financial institution. In principle, such institutes do not conduct Credit Bureau queries, which clearly simplifies the search for loans considerably. This is an invaluable advantage, especially when it comes to Swiss real estate finance.

Of course, you cannot get a loan even from Swiss financial service providers without a credit check and various proof of income and collateral. With a positive credit rating, the Swiss loan is a real alternative for Swiss loan real estate financing, even if you have a negative Credit Bureau entry.

What is the “APR”

What is the "APR"

When it comes to Swiss loan real estate financing, the amount of the loan costs is also significant. The “effective annual interest rate” or “effective annual interest rate” plays an important role. The annual cost of a loan related to the nominal loan amount is referred to as the “APR”. Depending on the amount paid out, it is specified with an agreed percentage. In contrast, an initial “annual percentage rate” is the term for an interest rate that can change during the term of the loan (variable interest rate)

A fixed debit interest rate is sometimes set for a loan for the entire term. In plain language, this means that even if there are fluctuations in interest rates on the capital markets, the nominal interest rate on which the “loan” is based remains stable. If you value planning security, a fixed borrowing rate would be just right for your loan. You can therefore expect that the interest rate on the “loan amount” will not change during the entire term of the loan.

What does the loan term mean

The respective conditions that are granted to the borrower have an enormous impact on the loan term of a loan. In other words, a loan with a short term has to pay larger monthly installments than with a long “loan term”. As far as the loan term is concerned, it can be worthwhile to go through the different options. However, it is not possible to use all maturities for all loans.

The time interval between payment and full payment of the loan amount is called either the loan term or the loan term. In and of itself, it is the repayment and the amount of the nominal interest that play an essential role for the duration. The amount of the repayment rate clearly affects the term in particular. The smaller the amount of the repayment, the longer the repayment of the loan amount and thus the loan, including the processing fees. Loans that run for 120 months or longer are considered long-term loans.

What are the loan fees

What are the loan fees

Loan fees as a whole include the loan processing fees, processing fees, closing fees and the processing commission. These are costs that the financial service provider was allowed to request for a loan request or to process the application for a loan. In May 2014 there was a change in the law on this point. The calculation of the “loan fee” for a loan request has been declared illegal. Incidentally, this also applies to checking the creditworthiness of the borrower. As a result, banks can no longer calculate costs that are dependent on the respective loan amount. Until 2014, such processing fees generally amounted to around 1 – 3 {{percent}} of the loan amount, for example, for a loan of USD 10,000, this was already USD 150 to 450. Processing fees that have already been paid by borrowers for the loan application or the credit request can therefore be reclaimed in many cases.

What is a lender

The lender means a company or a private person who lends money to the borrower or borrower for a certain period of time at an agreed interest rate. The “lender” is generally spoken of in the legal texts. In this context, one often hears the terms “lender” or “creditor”.

A loan always poses a significant risk to the lender. The interest rate for this is therefore predominantly higher than for a normal loan. Lenders are usually financial institutions such as building societies, credit banks or insurance companies. The rights and obligations of the borrower are regulated on the basis of the BGB (Civil Code).

What is the monthly rate

Repayments of financing, such as “loans with poor credit ratings” are also made in the form of individual monthly installments. One of the components of the monthly installment on loans is the interest rate. The index for the interest rate is based on the current market interest rates that the bank pays itself on the capital market. As a rule, it later passes this interest on to the borrowers with a corresponding surcharge.

The “monthly installment” for the repayment of the loans is another criterion. In general, the borrower determines the number and size of the repayment, with a view to his income situation. The majority of repayments for {long-term loan agreements} are 1 {{percent}} per year. If the borrower intends to repay the loan amount and thus the loan amount in a shorter period of time, he must negotiate a higher repayment with the bank. The monthly charge is then of course significantly increased according to the amount of the repayment.

It is mainly the repayment and the interest rate that essentially determine the monthly rate for loans. Regardless of this, the monthly installment for loans also includes the brokerage commissions of the credit intermediaries and the processing fees of the banks. As a component of the monthly installment, these costs also belong to the total loan amount, although they have almost always been taken into account in the interest.

What is a debt rescheduling loan

What is a debt rescheduling loan

What is a so-called debt rescheduling loan? This is a loan that someone takes out in order to be able to use a debt rescheduling to settle a loan with an expensive interest rate a little cheaper. Debt restructuring would also make sense if different loans were to be combined into one. For debt restructuring, you therefore have the option of specifying more than one loan. It goes without saying that the “debt rescheduling loan” will not be taken out by the same bank, but by itself. In exceptional cases, you can apply for the loan for a debt rescheduling at the same bank again, in the event that you get one this time cheaper interest is offered.

The basic meaning and purpose of a debt rescheduling is therefore that after completing your new loan you will have less financial expense than before – hence the debt rescheduling loan. It can already help you save money if the interest rate is even slightly cheaper.

What is the total loan amount

What is the total loan amount? In principle, it contains all additional fees that a customer must repay together with the loan received. Accordingly, this is not just the pure loan amount, but the total amount that the customer pays back to the financial institution during the repayment within the agreed loan term. What are the detailed costs that are added to the loan amount requested? These are any processing fees or commissions as well as the total interest payable. Since all “expenses” are included in the “total loan amount”, this is sometimes considerably larger than the nominal amount of the loan.

The {expenses} for taking out residual debt insurance in connection with the borrowing also belong to the total loan amount.

What is the loan amount

What is the loan amount

The actual loan amount that the borrower receives after approval of the loan application is lower than the total amount that he then has to repay. If the “loan amount” may not be paid out in full as a total amount, it is occasionally due to the fact that the payment may differ depending on the type of loan. In the same sense, this also applies to a “Swiss loan” or a loan.

It does not matter whether the applicant is a private person or a business, the financial institution will determine the available income or business documents for the loan amount in any case before approval of the application. The actual amount of the loan amount is only a subordinate aspect. For example, if a loan amount of only USD 600.00 is desired, the bank checks the applicant’s monthly income in the same way as for a loan amount of USD 500,000.00.

In principle, a fixed monthly installment for the repayment within a certain time is agreed for the loan amount. These agreements are always included in the written credit agreement. However, it is not uncommon for the borrower to repay the loan amount early with a special income if they have sufficient income. Such special repayments often cost fees. A quick look at {the respective financing contract} provides information as to whether you have to pay extra in such cases. The contractual relationship usually ends automatically as soon as the last installment for the loan amount has been repaid. If he wants to borrow a new loan amount, he can only do so in writing with a new application.

What are the credit rating criteria

Loans can be obtained without checking the creditworthiness. Depending on the “creditworthiness criteria”, the result of the creditworthiness check is to a certain extent, on the basis of which the respective creditworthiness rating that determines the premiums on the loan is based. The credit institution generally demands lower interest rates with an excellent credit rating. A good result in determining the various factors of the credit check is therefore always useful for the borrower. The classic credit rating criteria of financial institutions are quite often very different from bank to bank. The creditworthiness criteria that are identical for every bank and apply equally to every borrower are listed below.