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Old 30.09.2015, 17:15
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Require Business/Personal Loan, Which bank?

My wife is on C and I am on B Permit. We both quieted job and are currently on RAV. With all our savings we have openend a Gmbh and bought 2 running business. However, I was able to just buy them with current cash. To keep them running I probably need further 20-25 thousand CHF.
Rather than selling what we have, what would be our best bet to get around 25 thousands? any bank name with low interest which could give us loan in current situation ?

Thx for your time.
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Old 30.09.2015, 17:59
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Re: Require Business/Personal Loan, Which bank?

One possiblity is to look at a micro-credit loan from this organization, up to CHF 30'000:

http://microcredit-solidaire.ch/de/

This Beobachter article mentions two other micro-credit groups which, however, do not seem to cover Ct. Bern:

http://www.beobachter.ch/kmu/kmu-art...rosse-wirkung/

Edit:
Comparis.ch lists seven banks that make personal loans. Migros Bank appears to have the best conditions:

https://en.comparis.ch/privatkredit/default.aspx

Last edited by Mullhollander; 30.09.2015 at 18:40.
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Old 30.09.2015, 18:26
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Re: Require Business/Personal Loan, Which bank?

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My wife is on C and I am on B Permit. We both quieted job and are currently on RAV. With all our savings we have openend a Gmbh and bought 2 running business. However, I was able to just buy them with current cash. To keep them running I probably need further 20-25 thousand CHF.
Rather than selling what we have, what would be our best bet to get around 25 thousands? any bank name with low interest which could give us loan in current situation ?

Thx for your time.
It will all depend on what security you can offer and don't be surprised if the bank requires 110% security, it has got extemely tough today to get loans out of the bank.

You could maybe try a small credit type of loan but interest is expensive.

If you can present a realistic, workable business plan with clear objectives that are realisable, maybe you'll find a private investor, or possibly a bank, but the bank will make you jump through hoops, lots of them.

What about going "self-employed" and using your pension fund, although this is risky for you personaly. The thing to remember here, every time you want to spend something is, IT CAN ONLY BE SPENT ONCE, once it's spent, it's gone.
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Old 30.09.2015, 19:56
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Re: Require Business/Personal Loan, Which bank?

I took a micro credit from Migros Bank 2 years ago. At the time they had the lowest interest rate at 5.9%, but maybe others are more competitive now. It was a no hassle thing. I registered by internet, submitted some documents (I think a Betreibungsauskunft, Ausweis copy and maybe one or two other things of similar nature, can't remember the details now) and then got the money promptly and with no questions asked. I was very surprised by how smoothly the whole thing went.-

Of course if you actually have securities you are able and willing to borrow against, you can get far cheaper rates than that. To me it wasn't that important as I only needed the money for a short term thing and repaid most of the loan shortly after. A very small part of it I still owe but that should be cleared early next year.
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Old 18.11.2015, 11:33
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Re: Require Business/Personal Loan, Which bank?

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You can visit Swiss national bank. You will get loan with less interest rates.
Please don't spout rubbish, you cannot borrow from SNB directly and i guess they got other things to think about than a rather paltry Chf 25k
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Old 18.11.2015, 11:35
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Re: Require Business/Personal Loan, Which bank?

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Please don't spout rubbish, you cannot borrow from SNB directly and i guess they got other things to think about than a rather paltry Chf 25k
You might not be able to but some of us can.
In fact some of us are so wealthy the SNB takes out loans from us.

Tom
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Old 18.11.2015, 11:38
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Re: Require Business/Personal Loan, Which bank?

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You might not be able to but some of us can.
In fact some of us are so wealthy the SNB takes out loans from us.

Tom

Times are tough.

Tom 1234
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