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Experience with Swiss installment loans

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Forum Banking Forum Loans & Leasing Experience with Swiss installment loans

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BenutzernameMoneyland User Questions
Status Member
Registriert seit1/27/17
Beiträge2142

October 30, 2017, 4:25:54 PM

Does anyone here have experience with Swiss installment loans?

BenutzernameMoneyguru von moneyland.ch
OrtSchweiz
Status Expert
Registriert seit8/4/15
Beiträge4079

November 2, 2017, 5:52:35 PM

Hi there,

According to the Swiss consumer credit law, personal loans offered by Swiss lenders must be annuity loans rather than installment loans. That means personal loans must be amortized through a series of identical, regular repayments.

The term "installment loan" and the German "Ratenkredit" are often used to describe loans which are repaid using a series of repayments which may or may not be identical. In this sense, Swiss personal loans could be considered to be installment loans.

You can find more information on this topic here:
Installment loan definition
Personal loan comparison
Personal loan definition
Personal Loans in Switzerland: 11 Things You Should Know
Personal Loans: 7 Common Mistakes