More than one loan at the same time in Switzerland

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

Is it technically possible to have more than one loan at the same time in Switzerland?

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

Greetings,

It is possible to be approved for more than one loan simultaneously if your creditworthiness is good enough.

According to statistics released by the ZEK in 2015, aroudn 14.4% of Switzerland's residents are servicing two loans. Aroung 3.3% of residents have more than two loan agreements.

In some circumstances it can make sense to replace your existing loan with a larger loan through refinancing, rather than getting two separate loans.

Best regards from Moneyguru

More on this topic:
Loan refinancing explained
Loan refinancing calculator
Personal loan comparison

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Cheap bank accounts with card

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  • Online private account with debit card

Swiss digital bank

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  • High interest on your everyday account

  • Best exchange rates

  • Up to 1% of card spending as saveback in the investment portfolio

Swiss Bank

Bank WIR Bankpaket Top

  • Free account & card

  • No exchange fees for foreign payments (interbank exchange rates)

  • 24 ATM withdrawals worldwide per year free of charge

Swiss digital bank

Alpian

  • CHF 100 welcome bonus

  • Favorable foreign exchange rates

  • Multi-currency account with Visa card (CHF, EUR, USD, GBP) 

Free bank account

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  • Banking partner: Swissquote & Postfinance

  • CHF 20 trading credit with code «YUHMONEYLAND»

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