Why is a personal loan a good choice for raising funds and meeting your financial needs?
Your financial needs, whether you are an employee or self-employed, may arise without prior warning. You might have enough funds saved but there are times when you need additional funds. In this scenario, taking out a personal loan can turn out to be a very good choice. There are advantages to opting for a loan with Lica. Especially if you have a good credit rating.
With Lica it is simple, advantageous and fast to make your request.
What is personal financing?
This is an unsecured loan, which means that you do not need to provide any collateral to borrow. Banks and financial institutions can offer this loan at a lower interest rate if you have a good credit rating.
Some advantages of taking out a loan with Lica
Low interest rate
The interest rates on this loan, compared to paying off a credit card or credit card loan, are significantly lower. This is especially true for larger amounts.
Variety of use
The funds you receive through this loan can be used for various purposes. Whether it's to finance an international trip, buy a gadget, or pay off your friend, you can opt for a personal loan to meet any of these needs.
One of the best ways to use a personal loan is to consolidate all existing debt. It is wiser to pay off small, high interest debts. Such as student loans or credit cards by opting for a loan with a lower interest rate.
Improve Your Credit Rating
This is especially true if you have similar existing types of credit. A personal loan can be useful to improve your score. This by adding variety to the types of accounts you hold.
Create an emergency fund
You could find yourself living paycheck to paycheck with no money to spare. In such a scenario, rather than waiting for an emergency to happen, it is wiser to get a loan to create an emergency fund. It could be medical bills or a sudden trip you have to take, having a fund for rainy days is always a good idea.
Your credit with Lica in summary ...
Imagine suddenly being hit by a big bill. Maybe a family member has just been rushed to hospital, or you had to make emergency repairs to your home. A personal loan can be a convenient way to get a large sum of money in a short period of time.
Some people might consider this the only place to turn if they don't have enough available capacity with their credit card or mortgage clearing account. Another advantage of personal loans is that the average interest rate is often about five percentage points lower than the average credit card interest rate.
So many good reasons to take advantage of a loan with Lica
That is why, some people use personal loans to escape the trap of credit card debt. The idea is that you take out a lower rate personal loan to immediately pay off all of your higher rate credit card debt.
Thanks to a loan with Lica you benefit from a non-binding offer at very advantageous conditions and in addition to a cashback up to CHF 5'000.-. Apply discreetly for new financing or to buy back existing financing. So you will save money and benefit from great conditions! You can request your request at the following link: Lica.ch