In Switzerland, many clients pay interest rates that are far too high without even realising it. Between consumer loans at 10.95%, costly car leasing contracts and credit cards with compound interest, the bill can quickly climb. Yet it is often possible to obtain better conditions. This is exactly where MultiCredit comes in. As a financing specialist since 1999, its role is to analyse, compare and negotiate rates for you.
1. Why negotiate?
Every percentage point counts.
Let’s take a simple example: on a loan of CHF 30,000 at 10.95%, you pay around CHF 3,300 in interest over three years. At 6.9%, the cost drops to about CHF 2,100. That represents more than CHF 1,200 saved simply by renegotiating the rate.
In addition, the Federal Act on Consumer Credit (LCC) sets a maximum interest rate of 15%; in practice, most institutions are between 5.9% and 10.95%. If you have a good rating with the ZEK (the Swiss central credit information office), there is no reason to accept the highest rate.
2. Loan, leasing or card: same battle
- Personal loan: the rate is often negotiable depending on your creditworthiness, financial stability and the level of competition between lenders.
- Leasing: often more rigid, but it can be replaced by a standard loan if you buy back the vehicle’s residual value. This solution makes you the owner and frees you from mileage and insurance constraints.
- Credit card: interest on unpaid balances can exceed 12%. By consolidating your balances via a personal loan, you reduce your overall rate and simplify your repayments.
3. The MultiCredit analysis
Our role is to carry out a complete audit of your rates:
- Review your current contracts
- Check your ZEK profile
- Run refinancing simulations
- Negotiate directly with partner institutions
- Propose the most competitive rate on the market for your profile
We also optimise your interest costs by consolidating your various loans (debt buyback, cards, leasing) into a single, more advantageous monthly payment.
4. When and how to act?
You can renegotiate at any time. Even an existing loan can be repaid early (Art. 17 LCC), with a fair reduction of interest for the unused period. MultiCredit takes care of the termination, repayment and implementation of the new contract.
5. The MultiCredit advantage
- Independent and confidential advice
- Over 25 years of experience in financing in Switzerland
- Interest rates from 5.9%, depending on profile
- No hidden fees, no obligation
- Fast, 100% online service
In summary, negotiating your rate means taking back control of your finances. A well-structured loan is not a burden, but a tool for balance and optimisation. MultiCredit defends your interests with financial institutions so that every franc truly counts.
An article by Munur Aslan, Director of Multicredit.
