Broker vs. Bank: Warum sollte man sich für die Expertise eines Brokers entscheiden?

The Importance and Advantages of Using a Broker Rather than a Bank for Private Credit and Business Financing

When you’re considering taking out a loan or finance package, whether for personal needs or to develop your business, the choice of your financial partner is crucial. Many people wonder whether it is better to go directly to a bank or use a financial broker. This article explores the advantages of working with a financial broker rather than a traditional bank and how this decision can positively influence your financial plans.

Why choose a financial broker?

1. Access to a wide range of financial products: A financial broker has access to a wide range of credit products from different financial institutions. Unlike banks, which only offer their own products, brokers can compare and select the most advantageous options for you. This allows you to benefit from a wider variety of private and corporate loans, with potentially more favourable terms.
2. Personalised advice and expertise: A financial broker has in-depth expertise in the field of credit. They understand the intricacies of different financial products and can offer you advice tailored to your specific situation. This expertise is invaluable in choosing the credit solution best suited to your needs, whether for personal loans or business financing.
3. Saving time and simplifying the process: Using a broker can considerably simplify the credit application process. Rather than researching and comparing offers from different banks, you let the broker do the work for you. This saves you time and reduces the stress involved in finding the best loan.
4. Negotiating Terms: Financial brokers are often able to negotiate better credit terms for their clients through their established relationships with various lenders. They can obtain lower interest rates, reduced fees and more flexible repayment terms than you could obtain directly from a bank.
5. Assistance throughout the process: A broker doesn’t just find you a loan; he or she also accompanies you throughout the application process. From preparing the documents to finalising the contract, the broker helps you every step of the way, which can be particularly useful for complex credit applications or business financing.
6. Applying for private credit is free of charge and without obligation: under the LCC, all private credit applications are free of charge. What’s more, the choice is yours, because offers are never binding.

BONUS: All our private credit customers benefit from the possibility of early repayment at any time without penalty.

Whether it’s through higher monthly instalments or extra payments from time to time, repaying in advance always saves you money on interest. This way, you have maximum flexibility over your monthly budget.

Specific advantages for private loans and business financing

Private Credit

Financial brokers can help you find personal loans tailored to your needs, whether to refinance an existing commitment, finance a major purchase or consolidate several loans. They compare offers from different lenders to guarantee you the best possible terms.

Corporate Credits

For businesses, financial brokers play a crucial role in finding the right finance for growth or day-to-day operations. They understand the specific needs of businesses and can negotiate commercial loans, lines of credit and specialist finance with optimised terms. A wide range of financing options are available, which is why the advisor’s expertise is crucial in identifying the best solution.

Conclusion

Using a financial broker rather than a bank for your credit needs can offer significant advantages, including a wider range of products, personalised advice and advantageous negotiation of terms. Whether you’re looking for private credit or finance for your business, a financial broker can help you navigate the complex world of loans and find the solution that best suits your needs.

To find out how a financial broker can help you, contact us today. We’re here to offer you the expertise and solutions tailored to your financial situation.

Article written by  Münür ASLAN Directeur of the company Cashflex MultiCredit Sàrl in Fribourg.