Here you will find the right answers
The moneyland.ch forum lets you exchange knowledge on numerous topics related to money and get answers to your questions at any time. Join forum users and experts in discussions relating to banking, investment, insurance, retirement, telecom and everyday money topics.
Show categories
Hello,
Can anyone tell me what would happen if I paid off my loan ahead of schedule? What if I paid the full amount I owe in a lump sum? Would I still have to pay anything until the loan term ends?
I have a 50,000 franc loan and want to pay the full loan off within 30 months - long before the loan term ends.
Thanks and greetings to all.
Greetings,
Swiss consumer credit law (Art. 17) gives you the right to pay off your debt early if you so choose. That applies to both personal loans and credit card loans.
However it is possible that additional costs may apply when you amortize your loan ahead of schedule. For example, Cembra Money Bank charges CHF 100 for early terminations. Other lenders, including Cashgate, do not charge a fee.
Best regards from Moneyguru
More on this topic:
Terminating and refinancing loans
Interactive loan comparison
Cheap bank accounts with card
Cheap bank accounts with card
UBS key4
50 KeyClub points as a welcome gift
Online private account with debit card
Radicant
High interest on your everyday account
Best exchange rates
Up to 1% of card spending as saveback in the investment portfolio
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
Alpian
CHF 100 welcome bonus
Favorable foreign exchange rates
Multi-currency account with Visa card (CHF, EUR, USD, GBP)
Yuh
No account fees
Banking partner: Swissquote & Postfinance
CHF 20 trading credit with code «YUHMONEYLAND»
Deal of the Day 
Online private account
UBS key4
50 KeyClub points as a welcome gift
