{"id":29851,"date":"2025-11-13T08:48:14","date_gmt":"2025-11-13T08:48:14","guid":{"rendered":"https:\/\/multicredit.ch\/?p=29851"},"modified":"2025-11-13T08:58:20","modified_gmt":"2025-11-13T08:58:20","slug":"consumer-credit-insurance","status":"publish","type":"post","link":"https:\/\/multicredit.ch\/en\/consumer-credit-insurance\/","title":{"rendered":"Consumer credit insurance"},"content":{"rendered":"\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Taking out a consumer loan allows you to finance personal projects \u2014 buying a vehicle, home renovations, travel, a wedding, or consolidating debts. But when life brings unexpected events, your repayment capacity can be affected. Illness, an accident, or job loss can quickly turn a manageable loan into a source of stress. This is why PPI \u2013 Payment Protection Insurance, commonly known in Switzerland as instalment insurance \u2013 exists.<\/strong><\/p>\n\n\n\n<p>At <strong>MultiCredit<\/strong>, we recommend this coverage to ensure the financial security of our clients. It acts as true credit protection: it steps in when the borrower is no longer able to meet monthly payments.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Comprehensive_coverage_for_private_individuals\"><\/span><strong>Comprehensive coverage for private individuals<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>PPI or instalment insurance protects the borrower in the following situations:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Total incapacity to work due to illness or accident:<\/strong> the insurance pays the monthly instalments for the duration of the incapacity.<\/li>\n\n\n\n<li><strong>Involuntary unemployment:<\/strong> in the case of a non-fault dismissal, the insurance covers the instalments for several months.<\/li>\n\n\n\n<li><strong>Death:<\/strong> the outstanding balance of the loan is covered up to a maximum amount (often CHF 60,000.\u2013), preventing the family from inheriting residual debt.<\/li>\n\n\n\n<li><strong>Serious illness or loss of earning capacity (for self-employed individuals):<\/strong> the coverage helps maintain household stability despite an interruption of professional activity.<\/li>\n<\/ul>\n\n\n\n<p>This insurance is not a legal requirement, but it provides valuable financial security for anyone taking out a private loan. It protects against credit-related risks and prevents unexpected events from creating long-term financial difficulties.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_concrete_benefits_of_instalment_insurance\"><\/span><strong>The concrete benefits of instalment insurance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>PPI in its \u201cinstalment insurance\u201d form offers several key advantages:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Simplified process:<\/strong> no complex medical formalities; the insurance is taken out at the same time as the loan application.<\/li>\n\n\n\n<li><strong>Fixed and predictable premium:<\/strong> the premium does not depend on age or profession and is calculated based on the monthly instalment (around 7.8% for standard coverage or 6.6% for the Plus option).<\/li>\n\n\n\n<li><strong>Protection of personal finances:<\/strong> in the event of unforeseen circumstances, clients don\u2019t need to use their savings or sell assets to keep repaying the loan.<\/li>\n\n\n\n<li><strong>Maintaining the standard of living:<\/strong> some plans include an additional monthly payment (e.g., CHF 500.\u2013) to compensate for lost income.<\/li>\n\n\n\n<li><strong>Freedom of choice:<\/strong> the insurance is optional and does not influence the loan approval decision nor the loan amount.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A_strict_legal_framework_ensuring_responsible_lending\"><\/span><strong>A strict legal framework ensuring responsible lending<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In Switzerland, the <strong>Federal Consumer Credit Act (LCC)<\/strong> and its implementing ordinance ensure a prudent approach to lending. Before any loan is approved, the borrower\u2019s repayment capacity is analysed to prevent over-indebtedness.<\/p>\n\n\n\n<p>PPI reinforces this responsible-lending philosophy: it anticipates the risk of non-payment and protects the borrower, their family, and the lender. The conditions are clearly outlined in the contract, the premium is transparent, and the client benefits from a 14-day withdrawal right in accordance with the LCC.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"MultiCredit_a_trusted_partner_for_secure_financing\"><\/span><strong>MultiCredit: a trusted partner for secure financing<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Since 1999, <strong>MultiCredit<\/strong> has supported clients in financing their projects with a human, clear, and prudent approach. Thanks to reliable financial partners and insurers, we offer tailor-made solutions combining flexible loans with comprehensive PPI protection.<\/p>\n\n\n\n<p>Our philosophy is simple: <strong>a well-structured loan should always be well protected.<\/strong> PPI \u2014 or instalment insurance \u2014 turns a loan into a long-lasting, secure solution, without fear of life\u2019s uncertainties.<\/p>\n\n\n\n<p><strong>MultiCredit \u2014 responsible and protected credit.<\/strong><br>Because every successful project deserves a level of security that matches your ambitions.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p> <em>An article by <a href=\"https:\/\/creators.spotify.com\/pod\/profile\/queltalent\/episodes\/Mnr-Aslan---Expert-en-financement-dentreprise-depuis-plus-de-25-ans---Emission-du-29-janvier-2025-e2ues37\" target=\"_blank\" rel=\"noopener\">Munur Aslan<\/a>, Director of Multicredit.<\/em><\/p>\n\n\n\n<iframe\u00a0 src=\"https:\/\/maps.google.com\/maps?q=Multicredit&#038;z=15&#038;output=embed\"\n\u00a0 width=\"600\"\n\u00a0 height=\"450\"\n\u00a0 style=\"border:0;\"\n\u00a0 loading=\"lazy\"\n\u00a0 allowfullscreen>\n<\/iframe>\n","protected":false},"excerpt":{"rendered":"<p>Taking out a consumer loan allows you to finance personal projects \u2014 buying a vehicle, home renovations, travel, a wedding, or consolidating debts. But when life brings unexpected events, your repayment capacity can be affected. Illness, an accident, or job loss can quickly turn a manageable loan into a source of stress. This is why [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":28935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[786],"tags":[],"class_list":["post-29851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-en"],"_links":{"self":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts\/29851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/comments?post=29851"}],"version-history":[{"count":4,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts\/29851\/revisions"}],"predecessor-version":[{"id":29877,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/posts\/29851\/revisions\/29877"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/media\/28935"}],"wp:attachment":[{"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/media?parent=29851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/categories?post=29851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/multicredit.ch\/en\/wp-json\/wp\/v2\/tags?post=29851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}