It is no longer a matter of course to get a Swiss loan without Credit Bureau as a self-employed person. In the past, there were various ways of agreeing on a loan with the Swiss. If that wasn’t a problem a few years ago, it has now changed. Since 2009, Credit Bureau-free loans have no longer been possible in Switzerland.
Loans through helpers
In this credit crunch, only successful businessmen or dependent employees receive a Swiss loan. The income of the self-employed is no longer sufficient for this. A single bank is still granting Credit Bureau-free loans: the Lite Lender from Liechtenstein. Although this bank does not directly issue a Swiss loan to self-employed persons without a Credit Bureau, the self-employed person still has a back door.
The guarantor – an acquaintance or a friend – can apply for the loan himself. The guarantor has no disadvantages. The credit is also not entered in the “helper’s” Credit Bureau. This means that the guarantor’s creditworthiness is not affected. A private loan agreement gives the helper the corresponding legal security.
Requirements for loans without Credit Bureau
The helper must meet some requirements for this credit option. He must have a permanent and permanent contract and have been with the same employer for one year. In addition, he must receive a net fee above the garnishment limit. This must also not have been seized or assigned. After all, the guarantor himself must not have an entry in a public debt register.
A Swiss loan for the self-employed without Credit Bureau is then possible in two ways.
On the one hand as a Credit Bureau-free loan over 3,500 dollars with an effective annual interest rate of 11.62 percent, on the other hand as a Swiss loan for self-employed without Credit Bureau with helpers over 5,000 dollars with an effective annual interest rate of 11.61 percent. Both variants are repaid in 40 monthly installments of $ 105.95 and $ 151.35. The guarantor who acts as a helper must show a net fee of at least 1,600 dollars.