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Old 31.05.2013, 09:45
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Getting a loan as a student

I'm a student (But don't qualify for a student loan as I'm working part time)

But I need to get a loan of about 3'000.-

I'm wondering where I can get a loan of this sum when only making about 1'000.- per month as this will also not qualify for a loan at GE Money bank or something similar.

Bit of a fix here....

And no, I don't have friends that have the money to lend...
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Old 31.05.2013, 14:50
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Re: Getting a loan as a student

That's going to be a tough road. You don't have a very high income and as a student you probably also don't have anything to offer as collateral. Most banks have a formula that states your loan payment can't exceed more than x% of net income. It's a small loan amount by Swiss standards, so the repayment term would be short -probably a year or less- meaning higher monthly amounts.

For what it's worth, think of how much you are willing/able to put toward a monthly payment. Can you just save that now for however many months it takes to reach the 3,000? Then you wouldn't need a loan at all. Perfect world, right?

Kidding aside, it's tough to be a broke student with few options. Hang in there!
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Old 31.05.2013, 15:06
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Re: Getting a loan as a student

I know you're a dual Swiss/Canadian, but does that mean you bypassed the rules about having sufficient funding to cover your stay here while studying?
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Old 31.05.2013, 17:21
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Re: Getting a loan as a student

Yes and no, it's an unexpected medical expense, I have a high franchise 2'500 as most my age have. I was doing fine before but now they want the 2'500 by the end of June. Told them my situation, as if they care...

I've got one more year, then I'm on full pay, so all will be good after that, jobs waiting.
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Old 31.05.2013, 17:24
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Re: Getting a loan as a student

Oh, yes, as of the montly expenses, it's about 280 a month for 12 months if I was able to get the loan. I could afford that for a monthly payment. Heck, if it was 400 it would still be ok. But 2'500 by the end of June, not a a chance.
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Old 31.05.2013, 17:33
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Re: Getting a loan as a student

Have you specifically offered to pay the 280 or 400/month, or have you only told them you're a student and cannot pay the 2,500 in one lump?

I would hope if they have a firm, written offer of regular payments that they'd accept! They don't really gain anything by filing a Betreibung against you.
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Old 31.05.2013, 23:13
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Re: Getting a loan as a student

I went to a couple agencies, and told them I could pay the amount, no problem, but they said something about if you don't make a certain amount a month and are given a loan, they won't be covered by inssurance. I think they just don't want to deal with such peanut money...
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Old 01.06.2013, 13:18
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Re: Getting a loan as a student

Have you spoken to your health insurance provider and told them that you could afford to pay back up to 400 chf per month?

I had a bill from an extended hospital stay - although it was covered by my insurance, when you are in hospital there is a CHF 15.- per day charge for food etc. and my insurance company were asking me for that. I'd been in hospital for 3 months so it was a lot of money. I rang up my health insurance, explained that I couldn't pay the sum all in one go and asked if we could arrange a repayment plan.

They agreed straight away, and I paid the amount back over six months, if I recall correctly.
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Old 01.06.2013, 14:19
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Re: Getting a loan as a student

I don't think you will get a loan for that amount but definitely contact the health insurance, most companies prefer to come to some arrangement rather than going down the legal proceedings path. Maybe there is something your school can do? I know exactly what it feels like to be in your situation, I find getting post frightening as it may contain a bill I can't pay...
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Old 01.06.2013, 19:09
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Re: Getting a loan as a student

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Have you spoken to your health insurance provider and told them that you could afford to pay back up to 400 chf per month?

I had a bill from an extended hospital stay - although it was covered by my insurance, when you are in hospital there is a CHF 15.- per day charge for food etc. and my insurance company were asking me for that. I'd been in hospital for 3 months so it was a lot of money. I rang up my health insurance, explained that I couldn't pay the sum all in one go and asked if we could arrange a repayment plan.

They agreed straight away, and I paid the amount back over six months, if I recall correctly.
Surely you spend Chf 15.-- at home each day on food and cleaning materials, toilet paper and whatever, so if you are in hospital you are already saving this money anyway ?
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Old 01.06.2013, 20:26
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Re: Getting a loan as a student

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Surely you spend Chf 15.-- at home each day on food and cleaning materials, toilet paper and whatever, so if you are in hospital you are already saving this money anyway ?
Very true... but I am on social aid and when you are in hospital your social aid is drastically cut to reflect the fact that you are being fed etc. in hospital. So I only received CHF 300.- per month from social services (out of which I had to pay for bills like phone, internet, insurance), and I got charged CHF 450.- per month by my health insurance. Even my social worker said it was a difficult situation.

Not that I'm complaining, you understand, it's a small glitch in an otherwise excellent system... but at the time the bill caught me by surprise as I wasn't aware of that rule... and I didn't have the funds to pay it. Hence my needing to make an arrangement with the health insurance

When I was hospitalised earlier this year, I was prepared and I've made sure to put money aside to pay that bill when it arrives.
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Old 01.06.2013, 21:39
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Re: Getting a loan as a student

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Very true... but I am on social aid and when you are in hospital your social aid is drastically cut to reflect the fact that you are being fed etc. in hospital. So I only received CHF 300.- per month from social services (out of which I had to pay for bills like phone, internet, insurance), and I got charged CHF 450.- per month by my health insurance. Even my social worker said it was a difficult situation.

Not that I'm complaining, you understand, it's a small glitch in an otherwise excellent system... but at the time the bill caught me by surprise as I wasn't aware of that rule... and I didn't have the funds to pay it. Hence my needing to make an arrangement with the health insurance

When I was hospitalised earlier this year, I was prepared and I've made sure to put money aside to pay that bill when it arrives.
I think in this rather sad case, "the social" pays anyway, so rather a mute point i think
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Old 01.06.2013, 23:25
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Re: Getting a loan as a student

I am confused as to how one can be a student working part time, and be on the social. There is something here that doesn't quite ring true.
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Old 02.06.2013, 00:01
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Re: Getting a loan as a student

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I am confused as to how one can be a student working part time, and be on the social. There is something here that doesn't quite ring true.
I think you're confusing two different people. OP is a student working part time. He is not on social.

Vlh22 was sharing his/her experience about hospital bills as well, and mentioned being on social.

It sounds like both were caught a bit off guard by unanticipated hospital expenses that were too low to qualify for loans but too high to pay in one lump in a short time. HTH.
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Old 02.06.2013, 15:58
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Re: Getting a loan as a student

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I think in this rather sad case, "the social" pays anyway, so rather a mute point i think
No, Social services do NOT pay for that specific expense of the CHF 15.- per day 'food etc.' fee when a person is hospitalised, and neither is it covered by health insurance.

Trust me, I've been there five times now.

Anyway, back to the OP...
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Old 03.06.2013, 13:24
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Re: Getting a loan as a student

Well, still looking at the moment, I managed to raise 1000. So down to 1500 that is really needed. But I don't think I can get anymore.

Tried talking to them, but they told me that they will discuss the matter at the end of the month. It's agrissano, and I don't think they're too used to hearing foreign accents on the phone...

Hey, anyone want to maybe 10% to their money?
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Old 03.06.2013, 13:53
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Re: Getting a loan as a student

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Tried talking to them, but they told me that they will discuss the matter at the end of the month. It's agrissano, and I don't think they're too used to hearing foreign accents on the phone...
Do you have a friend that can call and do the talking for you? Or help you write a letter? Why do they want to discuss at the end of the month? Sounds weird to me.

Again, I think if they have it in writing that you'll pay X/month they would be amenable to it. In the U.S. you could send a letter and a payment, and if they credit the payment to your account it's considered an accepted "contract" in most cases. Dunno if that works here, but worth a shot. Then you're not just promising to pay, you are backing up that promise with a first payment.

Hope it works out for you.
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Old 03.06.2013, 14:03
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Re: Getting a loan as a student

I speak high German with a fairly good German accent, I understand Swiss German, but do not speak it...but one knows how it is here...and plus I live in the Berner Oberland...which is very, let's say, traditional.

I'm going to write a letter with a fair option, let's hope they take it.
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