The complete guide to private credit for Swiss cross-border commuters

private credit for Swiss cross-border commuters

Private credit is an option for Swiss commuters looking to borrow money to finance various projects, such as the purchase of a car, renovations, or restructuring various debts. However, it is important to fully understand the different options available and the requirements needed to obtain private credit as a Swiss cross-border commuter. In this guide, we'll explore everything you need to know about private credit for Swiss commuters.

Contents

  1. What is a private loan for Swiss cross-border commuters
  2. The advantages and disadvantages of private credit for cross-border commuters
  3. Criteria for obtaining private credit as a cross-border worker
  4. Private credit conditions for Swiss cross-border commuters with Lica
  5. How to compare private credit offers
  6. How to apply for private credit as a cross-border worker
  7. How to improve your chances of obtaining private credit
  8. How to repay your private loan as a Swiss cross-border commuter
  9. The consequences of non-repayment of a private loan
  10. Mistakes to avoid when looking for private credit
  11. Our conclusion on private credit for Swiss cross-border commuters

What is a private loan for Swiss cross-border workers?

A private credit for Swiss cross-border workers is a loan granted to cross-border workers working in Switzerland but residing in a neighboring country. It can be used freely to finance personal projects such as buying a car, renovating a house, or any other financing need. In fact, a private loan for Swiss cross-border commuters works exactly like private credit for a Swiss resident.

However, Swiss cross-border commuters may encounter difficulties in obtaining a loan from Swiss banks due to their status as foreign residents. Indeed, Swiss banks may be more reluctant to lend money to these workers because of the risks associated with the difference in legislation between the countries of residence and work.

The advantages and disadvantages of a private loan for Swiss cross-border workers

private credit for Swiss cross-border commuters

Private credit offers several advantages for Swiss commuters, including flexibility, speed and convenience. Private loans are generally easy to obtain and do not require collateral, which means that the application process is often easier and faster than traditional mortgages. Additionally, private loans can be used to fund a variety of personal projects, providing great flexibility for borrowers.

However, there are also disadvantages to consider. Interest rates on private loans are higher than those on mortgages, which means that the total cost of the loan may be higher. Also, some private loans for commuters may have stricter repayment terms, which may make repayment more difficult for some borrowers.

The criteria for obtaining your financing

To obtain private credit as a Swiss cross-border worker, there are several criteria to be met. First of all, you must of course be of legal age and have a job in Switzerland. In addition, borrowers must generally have a stable and sufficient income to repay the private credit requested. Here are the criteria required to obtain a private loan for Swiss cross-border workers:

  1. Benefit from a stable income from a job in Switzerland
  2. Be in possession of a G permit as a cross-border commuter for at least 36 months
  3. Have your domicile in a neighboring country (at the borders) with Switzerland

In addition, it is unfortunately not possible to take advantage of private credit, if you are prohibited banking in your country of residence.

Cross-border workers – Your loan conditions with Lica

Lica offers private credit solutions advantageous for Swiss cross-border commuters with some of the lowest monthly payments on the market. Workers residing in the following countries can benefit from our solutions:

RateFrom 3.9% up to 7.9% according to your personal information
Rising From CHF 3,000.- up to CHF 250,000.-
DurationFrom 6 to 120 months
FlexibilityPossibility to suspend the payment of your monthly payments
ProtectionPayment insurance in the event of illness, accident, unemployment or death

How to compare the offers?

Before choosing a lender, it is important to compare the private credit offers available. Indeed, borrowers should always review the proposed interest rates and repayment terms! Thus, by requesting Lica services you save time and money. Your private credit specialist will compare and analyze financing solutions for you. This, taking into account your situation and your objectives. With Lica you benefit from a totally personalized advice and validated by 100% of our customers:

Cosimo TassoneCosimo Tassone
14:44 31 Aug 23
The consultant Manuel Ognissanti is a very good guy in his work and available, thanks to his knowledge I managed to obtain the credit. I recommend it to everyone..👍👍 THANK YOU MANUEL..
Ricardo Da SilvaRicardo Da Silva
08:25 31 Aug 23
Fast, no problem.
Ricardo RibeiroRicardo Ribeiro
08:19 31 Aug 23
Francesco CrisafulliFrancesco Crisafulli
11:59 30 Aug 23
available and practical! what you need in these situations.informed
PikachuPikachu
12:48 19 Aug 23
False advertising. Inability to obtain a loan. Consultant offering me no solution, except to manage on my own...I strongly advise against it and that's a shame.
Melitta CostantinoMelitta Costantino
11:06 08 Jun 23
Impeccable efficiency. From A to ZFast, clear, efficient and serious
Dave MartinsDave Martins
15:51 03 Tue 23
Mrs. Garcia, with whom I had contact from start to finish, was great, attentive and very professional, it should be noted because in this area it is very rare. I got my fat credit fast from them. I can only recommend
Rachel PittetRachel Pittet
12:33 02 Tue 23
Very satisfied, a good solution has been found. Thank you very much for your work
Rui P.SantosRui P.Santos
14:08 31 Jan 23
Excellent service, very good customer support all along the way. A real pleasure to have found them. Mara did everything to help me find a solution. Thank you
Danny FernandoDanny Fernando
14:37 25 Jan 23
Company that really gives of itself for these customers and that really tries to find solutions. Friendly service, support during all stages. Real pros. I highly recommend. Many thanks to Ms. Garcia for her professionalism and efficiency.
Flaco VerdeFlaco Verde
17:15 19 Jan 23
Many thanks to Mara for her help and efficiency.
Eugenie KouassiEugenie Kouassi
16:27 18 Nov 22
Yes I am very satisfied with Manuel, humanely available, explains clearly with professionalism, very courteous on the phone, I recommend Lica ++++++ and many thanks to Manuel!
Oberlin MichaelOberlin Michael
16:58 01 Nov 22
She really was me, she's the only one who believed in me, I find her just incredible
vincent morelvincent morel
13:14 24 Oct 22
Mara Garcia I recommend her for the credits
jaffyx leejaffyx lee
11:09 21 Oct 22
Very responsive and available
Ferreira AlbertoFerreira Alberto
08:16 09 Sep 22
Many thanks to Lica and especially to François Guss. Your efforts do not go unnoticed. Thanks for your help and support. You are truly an asset to your team and to the entire organization. Your work ethic and your involvement are admirable, we are lucky to have someone as dedicated as you on board!
Cecilia de JongCecilia de Jong
08:57 15 Jul 22
The person of my answer is very professional, efficient, reliable, diligent, updates my requests at all times, I am very grateful to Omar Gourgel, who always takes good care of my file, Bravo it is magnificent and excellent! Cheer! The employer should be proud of him, applaud and promote him please 👍🏻👍🏻👍🏻👍🏻
Thelight33 WorldThelight33 World
15:14 13 Jul 22
I was very satisfied with the services of Mr. Omar Gourgel, I highly recommend him! 👍
luigi caldarolaluigi caldarola
10:22 29 Jun 22
Perfect service Perfect consultant manual. Punctual, meticulous, helpful, everything went well and thank you again for the service
Nuno AlvesNuno Alves
13:12 01 Feb 22
Very easy to apply for your loan. The advisor very helpful and always there to explain what you need to do. Recommend.
bjlno familybjlno family
22:54 10 Dec 21
We obtained our financing on very advantageous terms and in record time. Despite a refusal from another bank, Lica found us a great solution. We recommend the services of this company. Thank you for your work.
Bastien HenriBastien Henri
13:22 12 Jun 20
Very good service and a real novelty in terms of financing. Thanks to the cashback the conditions are excellent!
serviceservice
22:24 10 Jun 20
Great service and very responsive to find the right solution. We gladly recommend their services.
BioponicsBioponics
19:52 20 May 20
Great service and very interesting cashback following the conclusion of my loan. I pay less each month and got the best deal on the market.
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How to apply for financing online?

To apply for private credit as a Swiss cross-border commuter, borrowers must provide information about their financial situation, their employment and their expenses. Borrowers must also provide information on the desired loan amount and the desired repayment term. It is important to provide accurate and complete information to avoid any refusal of the request. Here are the usual documents that you will be asked to obtain your private credit for Swiss cross-border commuters:

  • Your G license (valid and signed)
  • Your last 3 payslips
  • The bank notices of your account in Switzerland over the last 3 months
  • Bank advice from your bank in the country of residence over the last 3 months
  • Your last electricity bill

Depending on your situation, your Lica credit counselor may also ask you for some additional information. This, with the aim of maximize your chances of obtaining private credit for Swiss cross-border commuters.

How to improve your chances of obtaining financing?

cross-border private credit

To improve your chances of obtaining private credit as a Swiss cross-border commuter, it is important to maintain a good credit history by repaying your debts on time and avoiding late payments. Borrowers can also improve their chances by providing complete and accurate information about their financial situation and choosing a reliable and reputable credit broker.

How to repay your financing if you are a cross-border commuter?

Borrowers can repay their private credit as a Swiss cross-border commuter by making monthly payments on the due date. It is important to respect the repayment conditions of the lender to avoid any additional costs or negative consequences. Also note that with Lica, it is always possible to repay your private credit early and at no cost!

The consequences of non-reimbursement

The non-repayment of a private loan as a Swiss cross-border worker can have serious consequences. Lenders may apply late fees or penalties for missed payments, and may also report the default to credit reporting agencies, which may negatively affect your credit history as a borrower. In addition, the lender may incur debt collection procedure to recover unpaid funds.

Mistakes to avoid when looking for private credit for Swiss cross-border commuters

Cross-border private credit trap

When looking for private credit for Swiss cross-border commuters, it is important to avoid certain mistakes. Borrowers should avoid rushing to the first available loan offer without doing thorough research. It is also important not to borrow more than is necessary and to check the terms of your loan agreement.

Moreover, the system in Switzerland absolutely does not favor the fact of solicit several lending institutions at the same time. Indeed, when applying for credit in Switzerland, this must be indicated in the central ZEK file. It is a Swiss information center that collects credit information from the credit activities of natural and legal persons. Each request is therefore listed in this central and in case of repeated refusal, you may not be able to obtain private credit for cross-border commuters for a long time.

Our conclusion on private credit for Swiss cross-border commuters

In conclusion, private credit for cross-border commuters can offer a convenient and flexible financing option for people looking to finance personal projects. However, it is important to understand eligibility criteria and repayment terms before applying. Prospective borrowers should also seek the services of a specialized credit broker to find the most competitive loan offers and negotiate more favorable repayment terms.

It is also important to note that each request for private credit for cross-border workers is unique and that the eligibility criteria may vary according to the lenders.

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!

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Cosimo Tassone
Cosimo Tassone
14:44 31 Aug 23
The consultant Manuel Ognissanti is a very good guy in his work and available, thanks to his knowledge I managed to obtain the credit. I recommend it to everyone..👍👍 THANK YOU MANUEL..
Ricardo Da Silva
Ricardo Da Silva
08:25 31 Aug 23
Fast, no problem.
Ricardo Ribeiro
Ricardo Ribeiro
08:19 31 Aug 23
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