What are the requirements for your application?
Personal loans are regulated in Switzerland. Foreigners cannot always take out a loan, depending on the type of residence permit they hold.
However, the legitimation card allows its holder to take out a loan under the same conditions as the holder of a C permit. Thus, the basic requirements for a loan are as follows:
- Possess a B permit for 6 months.
- Possess a legitimation card for at least 3 months.
- Do not have any prosecution or insolvency in Switzerland.
- Do not have bad credit history towards the ZEK.
What is a legitimation card?
The legitimation card is a document issued to employees of a consulate, embassies, and NGOs. The legitimation card issued by the FDFA serves as a residence permit for Switzerland. The holder benefits from all the privileges and immunities associated with it.
Furthermore, the card exempts him/her from any visa requirement for the duration of the function. Indeed, it is a substitute for the Swiss work permit.
What are the different types of legitimation cards?
Here are the main legitimation cards:
- B-type.
- C-type.
- D-type.
- E-type.
- G-type.
- H-type.
- K-type.
These different types of cards establish the function of the holder: ambassador, an employee of a diplomatic corps, a worker of an NGO, or a family member of the main holder.
Regardless of the type of legitimation card, this document allows the holder to borrow money through a loan granted by banks or financial companies.
How to apply for a loan?
At MultiCredit, it is possible to borrow up to CHF 400,000, with a repayment term of 12 to 84 months. If you hold this type of card and are looking for a loan, the easiest way is to contact us online.
What you will receive?
- Fast, simple, and discreet treatment
- Free application
- Low rates
- No administrative complications
- Flexible payment options
You can apply online and find your loan options in as little as 5 minutes and you could be approved in less than 24 hours.
This article was written by Münür Aslan, director of MultiCredit.
