1. Do you charge a fee for the submission of loan applications?
  2. What are the preconditions in order to be granted a private loan?
  3. How much must I earn in order to be granted a loan?
  4. Why should I submit my loan application to AS Finanz?
  5. What documents do I need to submit to you?
  6. Is there a minimum or maximum loan amount?
  7. What interest do I have to pay?
  8. Can the interest be deducted from the taxable income?
  9. When am I going to receive my money?
  10. I already have one loan, but need more money. Can I apply for an additional loan or can I increase my current loan?
  11. I am a cross-border commuter. Can I be granted a private loan?
  12. I have ongoing compulsory execution and/or seizure. May I be granted a private loan despite that?
  13. What is a ZEK code?
  14. Do I have to state the purpose for which I will use the money in my loan application?
  15. I do not want anybody to find out about my loan application. Is that possible?

 

1. Do you charge a fee for the submission of loan applications?
No. The application for your private loan that you submit to us is free of charge and non-binding: we do not charge any fee for application processing or similar.

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2. What are the preconditions in order to be granted a private loan?
The loan application can be submitted by all persons who own a Swiss passport or a foreign personal document of the categories B, C, L and G (cross-border commuters), as well as receivers of old age, family and disability pension. Persons who apply must be at least 18 and maximum 69 years of age. Legal note pursuant to Art 3 of the Law on Protection against Unfair Competition: A loan may not be granted if it leads to over-indebtedness.

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3. How much must I earn in order to be granted a loan?
You must earn at least 2.500 CHF (net) so that the bank can grant you a private loan.

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4. Why should I submit my loan application to AS Finanz?
The offer of private loans in Switzerland is diverse and confusing. It is almost impossible for the individual client to overview this offer, eliminate the suspicious providers and find the best possible conditions with little effort. We are here to do that for you. We analyze your personal needs and offer you the optimum solution which will keep you satisfied in the long run. And we offer this free of charge.

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5. What documents do I need to submit to you?
For the processing of your loan application we need a completely filled application form, a copy of your personal document (ID card, Swiss passport or a foreign personal document), as well as the latest payroll accounting slip in case of a fixed salary and in case of hourly wages the last three payroll accounting slips. If the bank asks for further documents at some later point in time, we will contact you.

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6. Is there a minimum or maximum loan amount?
We act as broker for private loans from CHF 3,000 to CHF 250,000.

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7. What interest do I have to pay?
Interests for private loans in Switzerland start from 7.9%. The precise interest rate shall be determined by the bank once your application has been processed, which is performed based on your personal situation and in any case based on previous or existing contracts. It is understood that we will wait for all banks to send their interest offers in order to present the most favorable offer to you.

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8. Can the interest be deducted from the taxable income?
Yes. Private persons in Switzerland can deduct their interest liabilities from the personal income tax. The confirmation about interests is sent to you once per year directly by the bank.

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9. When am I going to receive my money?
Once we receive your complete loan application, we will send you the loan decision within 24 hours. In case of a positive financing decision we will send you a loan contract. When you send it back to us signed, you will receive the agreed amount after the expiry of the waiting period of 14 days required by law.

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10. I already have one loan, but need more money. Can I apply for an additional loan or can I increase my current loan?
You can redeem or increase your previous loan at deeper interests – talk with us in order to discuss your options. 

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11. I am a cross-border commuter. Can I be granted a private loan?
Yes, you can. You must merely fulfill the following conditions:

  • G-residence permit: you need to be at least 3 years in Switzerland, whereby you must be employed at least 1 years at the same employer

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12. I have ongoing compulsory execution and/or seizure. May I be granted a private loan despite that?
If you have compulsory executions, seizures or certificates of loss, then a loan cannot be granted to you. You must firstly settle unsettled debts, i.e. fulfill the compulsory execution/seizure as soon as possible, and your creditor must give an order for you to be erased from the registry for compulsory executions. Only then it becomes possible to apply for a loan.

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13. What is a ZEK code?
ZEK means “Central loan bureao” which registers all kinds of information about private loans, credit cards and leasing contracts. If you have, for example, a current loan and do not pay your rates regularly, you will receive a negative code in the ZEK register. A negative ZEK code will keep you from obtaining another loan for the duration of its entry.

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14. Do I have to state the purpose for which I will use the money in my loan application?
No. You do not need to inform anybody why you are submitting a loan application and for what you want to use the money.

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15. I do not want anybody to find out about my loan application. Is that possible?
Yes. We shall process your loan application in absolute discretion and trust and we have the obligation, just as credit institutes, to keep bank secrets and to comply with the provisions of the law on data protection.

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