Taking out a private loan can be a great way to quickly get the funds you need for your projects! In this article, we will discuss the benefits of taking out a private loan from Lica and the types of private loans we offer. We will also discuss interest rates and terms of repayment of private loans in Switzerland. Good reading !
The advantages of a private loan
A private loan in Switzerland can offer several advantages, including:
- Attractive interest rates: Interest rates on private loans in Switzerland can be very attractive. They are regulated by the Consumer Credit Act, which limits interest rates and fees.
- Flexible repayment terms: Lending institutions in Switzerland may offer flexible repayment terms. In the case of a financial contingency, it is for example possible to postpone the payment of its monthly payments.
- A fast approval process: Lending institutions in Switzerland can generally approve a private loan application in less than 24 hours. Indeed, the subscription processes are simplified and allow a quick decision.
- Access to large sums: Private loans in Switzerland can vary from CHF 3,000.- to CHF 400,000.- and does not require the borrower to provide personal guarantees. Once the private loan has been obtained, you are free to dispose of the funds freely.
- A high level of confidentiality: Private lenders in Switzerland are subject to strict data protection rules (LPD). This guarantees you confidentiality in your financial affairs.
However, it is important to note that private credit in Switzerland can also present a risk of over-indebtedness. Indeed, since the subscription is facilitated, the risk of no longer being able to repay your private loan is very real. Before making a decision, it is therefore important to be well advised by a private credit specialist.
Good reasons to choose Lica for your private loan
Lica is a private credit intermediation company based in Switzerland. We therefore offer personal financing solutions with competitive interest rates. The repayment terms are also flexible. Using a personalized approach to each loan request, we more easily find solutions to get you the funds you want. Here are the main advantages of requesting the services of Lica:
A personalized approach
At Lica, each situation is unique and we take the time to know your objective. That is to say that you are not just one file number among many others! Unlike large structures, we believe that a private loan is a long-term solution that requires regular monitoring. Indeed, guaranteeing a reasonable and objective debt situation requires professional support.
A preliminary study of the file
The prior study of a private loan allows you to have better visibility on your borrowing capacity and negotiate the best possible terms for your private credit possible. This allows you to reduce your borrowing risks and optimize your financial management.
But that's not all ! Indeed, in Switzerland when a credit application is submitted to a lending organization, the one has the obligation to make an announcement to the credit information center (ZEK). If your application is approved, the lender will notify ZEK that your application is accepted. On the other hand, if your request for a private loan is refused, the lender must also indicate the refusal to the ZEK as well as the reason for the refusal. If a borrower accumulates two or three consecutive refusals, his financial project could well fall through. This, mainly because of the traceability of the refusals by the future other lending establishments which would then be solicited. Too many refusals in a row = no more chance of obtaining your private loan! With Lica and its prior analysis of your private credit application, you avoid unnecessary registrations at the credit information center (ZEK).
Lica is not a lending organization but a neutral and independent intermediary ! That is to say that we work on behalf of our clients in order to find them the best possible solutions. After having prepared and studied your file, we therefore negotiate with the establishments to ensure that you obtain excellent conditions for your private loan.
In our daily activities, it is a matter of finding the right balance for each applicant between their borrowing capacity, their project and the offers we receive. The greater the risk taken by a lending institution, the higher the rate will be. Our private credit experts, prepare each request meticulously in order to obtain the best possible scoring.
A cashback under certain conditions
What is cashback? The commission cashback is a system of remittance of part of the commission collected by the broker to its customers. Thus, borrowers benefit from better conditions!
To qualify for cashback at Lica, you must meet the following three conditions:
- Complete your credit application independently by choosing the “ With cashback"
- Transmit all the documents and supporting documents requested on the platform
- Do not solicit the services of our bargaining agents
Lica adopts this financial strategy because digitalization allows in 2023 to considerably reduce its expenses. It therefore seems normal to us to benefit our customers !
Types of private loan offered by Lica
Lica offers two types of private loans to meet your needs:
The traditional private loan:
We offer you private loans in Switzerland to help you realize your personal projects. The operation is simple: You can borrow sums ranging from CHF 3,000 to CHF 400,000, with repayment periods ranging from 6 to 120 months. Interest rates are fixed over the entire term.
To obtain a private loan, you simply need to complete your online application and provide some supporting documents. We then review your request and make a personalized proposal. This, depending on your situation and your goals. If you accept the proposal, we release the funds quickly to your bank account.
Repayment is made in fixed monthly installments, with the possibility of repaying in advance at no additional cost. We also offer you optional insurance to protect you in the event of death, illness and accident.
In summary, our private credit service in Switzerland is a flexible and personalized solution to finance your personal projects. Our interest rates are very competitive and our application process is quick and easy!
Participatory credit (crowdlending):
Our company also offers a private crowdlending loan solution. This allows private investors to finance projects carried out by companies or individuals. The principle of crowdlending is based on the pooling of invested funds, which makes it possible to distribute the risks between several lenders. Investors lend money at a pre-fixed interest rate, and recover their stake with interest at maturity. Project leaders, meanwhile, benefit from rapid and flexible financing, without having to go through the traditional channels of bank credit.
The private crowdlending loan has several advantages over traditional financing methods. For investors, it offers the possibility of diversifying their investment portfolio, by investing in a variety of projects and at attractive interest rates. For project promoters, it makes it possible to obtain financing under more flexible conditions than with banks.
By choosing our private crowdlending loan service, investors can invest in meaningful projects and contribute to the financing of the real economy. Project leaders, for their part, can get fast financing and efficient, without the constraints of traditional credit circuits.
Conditions for obtaining a private loan from Lica
When looking to obtain a private loan, it is important to understand the requirements for doing so. In general, lending institutions require you to have a stable source of income, a good credit score, and a solid credit history. It is also important to know that interest rates for private loans may vary depending on your situation and the way your file will be presented.
In general, the following conditions are required to apply for a private loan:
- Have a stable and regular source of income
- Have a positive credit score or a strong credit history
- Be of legal age and reside in Switzerland
- Often not having lawsuits or overdue debts
It is important to note that these conditions may vary depending on the lender and your individual situation. It is therefore recommended to check the specific conditions in requesting the services of Lica. Our private credit counselors will answer you free of charge.
Procedure for applying for a private loan from Lica
Applying for a private loan with Lica is simple and straightforward. Here are the steps to follow:
- Visit the following credit application page:
- Complete the online request form. In particular, you will need to provide some information about yourself, such as your name, address, telephone number and income.
- Submit the request.
- Lica will then review your request and contact you if additional information is needed.
- Once your application is approved, the funds will be deposited into your bank account!
At Lica we are committed to processing all requests we receive within 24 hours. This provided that your file is complete 😉.
Repayment conditions for Lica private loans
Lica offers you flexible repayment conditions for your private loans. You can actually freely choose the repayment term that suits you best. Here are the reimbursement conditions we offer:
- Repayment period 6 to 120 months
- Additional amortization possible at any time and free of charge
- Early repayment of your entire private loan free of charge
- According to the partners, it is even possible to temporarily suspend your monthly payments
In any case, it will be important to address the issue of the repayment term taking into account your monthly budget. The subscription of a private loan must in no case cause a situation of over-indebtedness.
Our conclusion on your private loan with Lica!
Lica is a private credit intermediation company in Switzerland offering personal financing solutions with competitive interest rates and flexible repayment terms.
We offer two types of private loans to meet your needs: traditional private loans and equity loans. To request a private loan from Lica, simply complete the online application form, which will be reviewed within 24 hours.
The repayment conditions for private loans at Lica are flexible, with a repayment period ranging from 6 to 120 months, additional amortization possible at any time free of charge, and the possibility of temporarily suspending your monthly payments according to our partners.
Do you have questions before applying for private credit? Our advisors are there to answer your questions 7 days a week directly on WhatsApp. Ask us for more information and we will be happy to answer you!