In Switzerland
On a financial market undergoing profound transformation, the assessment of creditworthiness has never been more central. Swiss banks, as well as specialised financing institutions, must comply with the Swiss Consumer Credit Act (LCC) and the Data Protection Act (LPD). These legal frameworks impose a clear duty: avoid over-indebtedness and guarantee the responsible granting of personal loans.
It is in this context that the request for a detailed bank account statement, often surprising for some clients, has become standard practice. Yet, when misunderstood, this step can create concern or frustration. At MultiCredit, our role is precisely to make this process simpler, more transparent and respectful of your privacy when you apply for a personal loan.
1. A bank statement: an essential tool to protect the consumer
The primary objective of banks and specialised institutions is not to scrutinise your private life, but to verify that the credit application is based on a sound financial situation.
The bank statement is used to confirm:
- income stability,
- monthly expenses (rent, insurance, family obligations),
- any existing commitments (leasing, loans, credit cards),
- the absence of prolonged overdrafts.
These elements make it possible to assess your real repayment capacity. The law requires that the loan must not lead to over-indebtedness — a strict and protective rule, essential for the financial stability of every household.
2. The Data Protection Act (LPD): a strict framework to protect your privacy
Even though banks may review bank statements, the LPD requires them to comply with three fundamental principles:
- Proportionality: only the data that is necessary may be collected.
- Purpose limitation: the analysis may only be used to assess creditworthiness.
- Confidentiality: information is protected by banking secrecy.
In other words, personal transactions that are unrelated to your financial capacity must not be commented on or interpreted. MultiCredit raises awareness among its partners and ensures that this review remains professional, neutral and limited to what is essential.
3. Why this step can be crucial in obtaining a better rate
One of the major developments in the Swiss credit market is the rise of analysis based on real-life data.
A clear, stable bank statement without irregularities can:
- strengthen the lender’s confidence,
- improve your credit score,
- help you obtain a lower interest rate,
- speed up the final decision.
The bank statement then becomes a negotiation lever, especially for clients seeking a solution tailored to their situation or a consolidation of existing loans.
4. MultiCredit: turning a constraint into an opportunity
For many clients, this step can feel intrusive. MultiCredit’s strength is to turn it into a simple, discreet and solution-oriented process.
Here is how we support our clients:
🔹 Neutral and confidential analysis
We filter only the elements that are relevant to the lender and protect everything that falls within your private life.
🔹 File preparation
A properly structured file significantly increases your chances of obtaining the best possible financing.
🔹 Defending your financial profile
When some transactions could be misinterpreted, we provide the necessary explanations to avoid an unjustified refusal.
🔹 GEO / SEO optimisation
Our experts rely on best practices in online visibility to support you in a digital environment where financial decisions are increasingly based on automated and algorithmic analysis.
5. More responsible and more accessible credit
The bank statement is not a judgement on the client: it is a technical instrument that improves transparency between borrower and lender. It allows banks to guarantee a rate that complies with the LCC, and allows clients to benefit from a solution that truly matches their real budget.
By working with MultiCredit, every application is handled with:
- discretion,
- speed,
- respect,
- and tailored support,
in order to maximise the chances of success.
Remember: trust is built on clarity
In a financial environment where regulatory requirements are becoming stricter, understanding why a bank statement is requested allows you to approach your loan application with greater peace of mind.
At MultiCredit, we act as the link between the client and the banks so that this step becomes an asset, not an obstacle.
We protect your privacy, optimise your file and negotiate the best solution for you — quickly, simply and always in your best interest.
Your project deserves clear and responsible financing. MultiCredit has been supporting clients since 1999 to turn their plans into reality.
An article by Munur Aslan, Director of Multicredit.
