Taking out a personal loan is an important decision. Before committing, it’s essential to understand the true cost of the loan, how it evolves over time, and the options for optimisation. This is where the personal loan simulator comes in—an indispensable tool offered by MultiCredit to help you visualise your financing in a clear, transparent, and realistic way.
The personal loan simulator: a simple and precise projection tool
The simulator allows you to immediately estimate:
- the total amount to be repaid,
- the interest cost,
- the monthly payment based on the chosen term,
- and the APR (Annual Percentage Rate), which includes all fees related to the loan.
This tool calculates using the constant annuity method: each month the instalment remains the same, but the interest portion decreases as the principal is repaid. This provides perfect visibility over your budget and amortisation schedule.
The amortisation schedule: your financial roadmap
The amortisation schedule details each repayment due date:
- the principal repaid,
- the interest portion,
- and the remaining balance.
With MultiCredit, you receive a clear amortisation schedule as soon as your contract is set up. You know exactly how much your loan costs at every stage, with no surprises.
Early repayment: save on interest
One of the major advantages of consumer Loan in Switzerland is the possibility of repaying the loan early, in whole or in part.
In accordance with the Swiss Federal Consumer Credit Act (LCC), the borrower is entitled to a rebate on interest and a fair reduction of fees for the unused period. In other words, the earlier you repay, the less interest you pay.
With MultiCredit, this option is always available, with no hidden penalties. Early repayment can be total (closing the loan) or partial (shortening the term). It’s an excellent way to regain control of your budget and optimise your financing cost.
APR: the true measure of loan cost
The APR (Annual Percentage Rate) reflects the total cost of credit, including not only the nominal interest rate but also any administrative or insurance fees. It’s the reference rate to use when comparing different offers from financial institutions.
At MultiCredit, transparency is a priority: our simulators and advisers always provide the APR, so you can compare with full knowledge of the facts.
Conclusion: take control of your financing with MultiCredit
Thanks to its personal loan simulator, MultiCredit enables you to plan your project even before signing the contract. You can adjust the amount, term, or monthly payments according to your repayment capacity and objectives.
A loan well understood is a loan better managed. With MultiCredit, you benefit from end-to-end support: advice, calculation, simulation, and follow-up through to final repayment—with the ability to optimise your loan at any time.
MultiCredit – Financing your projects since 1999
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An article by Munur Aslan, Director of Multicredit.
