Loan from Switzerland for investment in diff country

MDCP · #1 04.10.2011, 12:27

All,
Do Banks in Switzerland give loan for
- personnel use?
- Buying property in home country or another foreign country?
- Does it matter if it's for home loan or any other use?
- If yes what would be the interest rates? and process to get it?
- Any issues with respect to taxation? or caution?

Caviarchips · #2 04.10.2011, 12:30

	Quote:	MDCP
	All, Do Banks in Switzerland give loan for - personnel use? - Buying property in home country or another foreign country? - Does it matter if it's for home loan or any other use? - If yes what would be the interest rates? and process to get it? - Any issues with respect to taxation? or caution?

Broadly....no.....they don't. Reason is largely that they don't know if the investment is secure and it may be hard to get the money back in case of default

runningdeer · #3 04.10.2011, 12:44

	Quote:	MDCP
	All, Do Banks in Switzerland give loan for - personnel use?

No, however they may make an exception if you are a very well known person with a lot of collateral.

	Quote:	MDCP
	Buying property in home country or another foreign country?

No, it has been discussed here many times. Use the search function if you care to read more.

Shree · #4 04.10.2011, 13:11

Yes, Migros Bank does give out Privat Kredit for a 12 month repayment period. Check http://www.migrosbank.ch/de/Private/Privatkredit/ for more details.