La page est en train de chargement

A line of credit

Blog | Credit

What is a line of credit?

A line of credit is a term designating any loan accorded by a bank (or any financial institution) to:

  • Individuals: in that case, we’ll talk more likely of a personal loan rather than a line of credit.
  • Business: a business loan can be granted either to big companies or small business, and even to independants.

Interest rate

In Switzerland, the interest rate of a line of credit is not always the same as in other countries. For a personal loan, the interest rate vary depending on the budget of the borrower. Generally, this rate vary from 7.9% to 14.5%, but most loans are obtained with an interest rate of 12.5%. The interest rate is fix during the whole line of credit, and so are the monthly reimbursments. For example:

  • A 10,000 Chf loan over 24 months, with an interest rate ot 11.9%
  • You’ll pay 470 Chf / month over 2 years
  • The total interest cost will be of 1,280 Chf

Need a line of credit?

In Switzerland, you don’t have to justify the reason why you are requesting a line of credit. That mean you can apply for a loan whathever your project is: new car, holidays, paying a bill, … If you need a personal loan, do not hesitate to apply for a line of credit towards our partner CreditLoan.

Share our articles!
info
info
photo_phone
Please fill in the form and our consultant will reach out to you as soon as possible!




    photo_phone
    Please fill in the form and our consultant will reach out to you as soon as possible!




      Cashflex MultiCredit Sàrl FINDING THE BEST SOLUTION IN OUR CLIENT’S BEST INTEREST IS OUR FIRST PRIORITY Anonym hat 4,82 von 5 Sternen 400 Bewertungen auf ProvenExpert.com