Application fees

Bring your project to life, simply.

No application fees to apply for credit with Multicredit

Application fees are an important aspect to consider when applying for a loan, whether for a home loan, a consumer credit or any other type of financing. These fees correspond to the administrative costs incurred by the financial institution in processing the borrower’s loan application.

What are the application fees?

Application fees cover all the steps involved in setting up a loan. These include

File analysis: The bank or lending institution must check the completeness and validity of the documents submitted, such as proof of income, bank statements and any other documents required to assess the borrower’s solvency.
Solvency assessment: An in-depth study is carried out to ensure that the borrower is in a position to repay the loan. This assessment takes into account various criteria, such as the borrower’s level of indebtedness, stability of employment and financial history.
Preparing and issuing the loan offer: Once creditworthiness has been confirmed, the institution draws up and formalizes the loan offer, a process that requires time and resources.

Our strengths in obtaining the best possible offers for our customers throughout Switzerland are as follows

Receive a preliminary decision in just 5 minutes, during the first telephone contact
Free processing of your request and non-binding offer
Guaranteed confidentiality (we are bound by banking secrecy)
Flexible repayment over 12 to 84 months
Adjusted monthly payments and lower interest
Flexible, adaptable terms (duration, rate, amount)
Pay off your loan early at any time

For Swiss nationals and C permit holders, tax deductions possible for interest on debt
Easier and faster than mortgages and leasing
Taking care of all your administrative formalities
Simple, quick and discreet procedures
Your file put together by a specialist
Personalized advice at home or at our office

For private individuals living in Switzerland, Swiss nationals or holders of a B, C permit or legitimation card (D, E, G and H), increasing your liquidity is possible, and so is saving money. Benefit from an individualized study of your project, and a tailor-made loan offer very quickly.

Invoicing of processing fees

Application fees can be billed in different ways:

Up-front payment: Some lenders require the application fee to be paid when the loan offer is signed.
Inclusion in the amount borrowed: Others include these charges in the total amount of the loan, meaning that the borrower repays them on the same basis as the principal and interest.
Free of charge in certain cases: Certain types of loan, such as subsidized loans like the Prêt à Taux Zéro (PTZ), may not involve any application fees.

Negotiation and waiver of handling fees

Application fees are not always fixed and can often be negotiated, especially if the borrower has a good profile (stable income, low level of debt, etc.). Banks and credit institutions may be open to adjustments depending on their commercial policy or the long-term relationship with the customer. In some cases, it may even be possible to obtain a total exemption from application fees.

Impact on Total Cost of Credit

It’s important to note that administrative charges contribute to the calculation of the Annual Percentage Rate (APR), which represents the total cost of credit. The APR includes not only the nominal interest rate, but also all ancillary costs, such as administration fees and other charges. So a low APR, even with relatively high handling charges, can be more advantageous than an attractive nominal rate with hidden ancillary costs.

Advice for Borrowers

Compare offers: To get the best deal, it’s a good idea to compare offers from several financial institutions. Each bank has its own fee structure and policies.
Use a broker: Using a broker can make it easier to negotiate fees, as these professionals have partnerships with several banks and can obtain preferential terms for their customers.
Ask for a waiver: Depending on your profile and the bank’s policy, it is often possible to negotiate a reduction or even the elimination of application fees.

c hab — Housing credit

Finance home improvements

c auto — Car credit

Buy your vehicle on credit

c form — Training credit

Finance your studies

c med — Medical credit

Finance your surgery and medical care

c all — Miscellaneous credits

For all other projects

Your credit in 4 steps

Quick and easy

Request

You fill in the credit application form according to your needs.

2 min

Proposal

“We analyze your request and offer a solution tailored to your profile.”

12 hours

Signature

Once the contract has been drawn up, all you have to do is sign it and send it to us.

This step depends on your responsiveness.

Transfer

The amount is transferred to your account.

14 days (legal deadline)

Let us find you the best possible credit offer

We are always looking for the best possible offer for our customers throughout Switzerland.

Credit application fees are an unavoidable element of any credit offer in Switzerland. Although they can represent a significant expense, it is possible to reduce them, or even eliminate them, by following a strategic approach and studying the different offers on the market. At Multicrédit, we help our customers to understand these costs and explore all possible options to minimize their total cost of credit, in order to make borrowing as advantageous as possible.

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