What will be the development of interest rates for private loans in Switzerland?

private loans

Switzerland, often seen as a bastion of economic stability in Europe, appears to be in a better position than its eurozone neighbors when it comes to the evolution of private lending rates. However, several factors suggest that private lending rates could still slightly increase these next few months. This article therefore focuses on a key element of this dynamic: the evolution of interest rates private loans in Switzerland by the end of the year.


  1. Signals to consider
  2. What to remember about these signals
  3. How to save on your loans?
  4. Our conclusion on the evolution of interest rates

3 signals to take into consideration for the evolution of private loan rates!

private loans

1. A strong labor market provides additional security on private loans

The labor market in Switzerland is in excellent health! Besides, we take advantage of one of lowest unemployment rate ever. This helps boost consumer confidence and support domestic demand, which in turn boosts economic growth. The positive signal from the labor market implies that lending institutions in Switzerland are confident. They should therefore theoretically maintain conditions for granting private loans similar to those of recent years. So, future applicants for private credit should not see their borrowing capacity decrease in the coming months.

2. Inflation under control in Switzerland which nevertheless impacts the rate of private loans

Inflation, often a key indicator of economic health, is much better controlled in Switzerland than in Europe. With an inflation rate forecast at 2.4% in 2023 against 5.5% in the euro zone, Switzerland benefits from a more stable environment. This is mainly due to the strength of the Swiss franc.

However, the inflation target is set at less than 2% by the SNB. This will therefore imply that one or two future increases in the key interest rate are not excluded between now and the end of 2023. Thus the rate of private loans would be directly impacted by these increases. For more information, you can consult the article " Effective increase in the maximum interest rate for private loans ". In this context, we therefore believe that the maximum rate on consumer loans could quite reach 12% by the end of 2023.

3. Switzerland maintains GDP growth

It is important to underline that, while the Eurozone has experienced two consecutive quarters of GDP contraction, Switzerland has maintained positive, albeit modest, growth. The outlook for 2023 also shows a Swiss GDP growth forecast slightly higher than that of the euro zone. This situation therefore generates positive signals in terms of the consumption of goods and services. In this context, one could also imagine that lending institutions in Switzerland should maintain the availability of funds similar to previous years for the granting of private loans. For future borrowers, this implies that sums of money available will also be similar to previous years!

What to remember from these three signals to predict the development of the private loan market in Switzerland

Switzerland's economic environment is currently marked by three key indicators: a solid labor market, better controlled inflation and positive GDP growth. These elements therefore strengthen the confidence of lending institutions in Switzerland. So, grant conditions private lending should remain similar to previous years.

However, even if Switzerland benefits from inflation that is better controlled than its European neighbour, exceeding the inflation target of the SNB suggests that key interest rate hikes are to be expected by the end of 2023. This could therefore lead to an increase in the maximum rate for consumer credit in Switzerland.

Despite this potentially limiting factor, the steady growth of Swiss GDP suggests a volume of private loans similar to previous years. future borrowers can therefore remain relatively confident about their borrowing capacity and the terms of future loans.

How to save on your consumer credit in Switzerland?

private loans

With the possible increase in the interest rate on private loans in Switzerland, consumers are looking for ways to save on their private loans. Here are some solutions that can help reduce costs:

Compare private loan offers:

The first step to saving on a private loan is to compare the different offers available on the market. Online platforms like comparator-credit.ch allow you to get an overview of the best current offers based on your profile.

Negotiate with lenders:

Never underestimate the power of negotiation! If you have a good record and a strong credit history, use it as leverage to get better loan terms. Lica perfectly masters this process and takes care of all exchanges with the various service providers on the market in Switzerland.

Use a specialized private credit broker:

A professional can help you find the best strategy for your loan. Lica's services go beyond the simple comparison of offers. The team of advisors can guide you towards personalized solutions for optimize your loan.

Luis GarciaLuis Garcia
16:50 03 Oct 23
Paolo ChieffoPaolo Chieffo
17:17 28 Sep 23
Kimberly BallamanKimberly Ballaman
16:18 26 Sep 23
He was able to answer all our questions and help us with our request.
Nadia DeBarrosNadia DeBarros
13:13 21 Sep 23
Renaldo GjoziRenaldo Gjozi
09:18 20 Sep 23
Joaquim AzevedoJoaquim Azevedo
17:15 15 Sep 23
Antonio SimoneAntonio Simone
11:31 15 Sep 23
Thanks to Mr. Manuel a very competent person in his work thank you very much
Roberto LabanoRoberto Labano
13:24 14 Sep 23
I would like to say that Mara Garcia was excellent in resolving my request. From the beginning to the end. I recommend 100%. Thanks Mara 🙂
Ricardo RibeiroRicardo Ribeiro
06:49 14 Sep 23
Mara Garcia took care of my order. Super friendly, attentive and always available to help. In this branch of the best I have found.
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
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!
22:24 10 Jun 20
Great service and very responsive to find the right solution. We gladly recommend their services.
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.

Repay your consumer credit more quickly:

If your financial situation permits, consider increasing your monthly repayments. By repaying your loan faster, you reduce the total amount of interest paid.

Consolidate your private loans with the buy-back solution:

If you have several credits in progress, consider a grouping or a redemption of your private credits. This will allow you to have a single interest rate that is often more advantageous and simplified management of your financing.

Pay attention to additional costs:

In addition to the interest rate, some loans include ancillary costs (application fees, borrower insurance, etc.). Carefully read the terms and terms and find out about these additional costs. Lica's services can help you identify and avoid these hidden charges.

Our conclusion on the evolution of private loan rates

The economic environment in Switzerland presents a mixed picture which will inevitably influence the private lending sector. Indeed, the robust labor market and continued GDP growth signal some stability and confidence. However, inflation slightly above the SNB's target suggests that interest rate hikes are expected in the next 12 months.

However, despite these prospects, solutions exist to maximize savings on private loans. In this context, the Lica platform emerges as an essential ally for consumers. By allowing an effective comparison of the different offers on the market, Lica gives borrowers the tools to make informed choices. With the support of dedicated advisors, Lica goes beyond simple contact, by offering tailor-made solutions for each borrower profile.

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!

By continuing to use this website, you agree to the use of cookies and other similar technologies. More information here.

Based on 128 reviews
powered by Google
Luis Garcia
Luis Garcia
16:50 03 Oct 23
Paolo Chieffo
Paolo Chieffo
17:17 28 Sep 23
Kimberly Ballaman
Kimberly Ballaman
16:18 26 Sep 23
He was able to answer all our questions and help us with our request.
See All Reviews

Send us your application:

Choose your language and ask your questions!