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Old 23.02.2015, 19:28
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MigrosBank personal loan

I have now lived one year in Switzerland and want to get a personal loan for a car (no leasing is interesting).

I should now qualify for a personal loan after 1 year in Switzerland (on a 5 year B-permit, with a full-time job contract without an end date, no other loans or debt).

What do you think are their minimum salary requests for lets say a 40K loan over 5-6 years (900-1000 CHF a month payments)? Also if I want to pay it back earlier, is that possible without charges or does it make more sense to just stick to the monthly payments if I anyway have to pay for example 5,9% for the whole period I signed up for (4-6 years)?
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Old 23.02.2015, 19:49
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Re: MigrosBank personal loan

Welcome to the Forum. Did you not see this calculator?

Look for Maximalkredit https://www.migrosbank.ch/pcas/calcu...showLayer=true

It looks like 5 years is the maximum time, the interest is tax deductible,

https://www.migrosbank.ch/de/privatp...vatkredit.html
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Old 24.02.2015, 14:12
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Re: MigrosBank personal loan

75k to 80k salary minimum should do it no problem......but it's also based on your expenses which you'll need to list on the application
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Old 27.02.2015, 10:25
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Re: MigrosBank personal loan

Hi Pam863!

Welcome to english forum.

The credited amount that you could be granted will depend on your personal budget surplus. According to the Swiss law, you should be able to reimburse your loan on a 36 months reimbursement duration, just with your personal surplus.

This means that if you can afford monthly payments of 900-1000 CHF, you could get a 30'000-35'000 CHF credited amount rather than 40'000CHF. But of course you can then choose to reimburse this loan on a 3, 4, 5 or 6 years duration!

The best solution is always to get some more information and advice from experts. I would suggest you to have a look here to know more about your personal loan options and get a free and non binding analyse. http://www.multicredit.ch/en/

I hope I helped answering your question! Have a good day!
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