Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #1  
Old 18.02.2019, 14:20
Newbie 1st class
 
Join Date: May 2012
Location: Zurich
Posts: 24
Groaned at 3 Times in 2 Posts
Thanked 5 Times in 3 Posts
Dark Knight has no particular reputation at present
Migros bank personal loan

Hi,

Anyone availed personal loan from Migros bank? How was the experience?

Cheers
DK
Reply With Quote
  #2  
Old 18.02.2019, 14:23
Guest
 
Posts: n/a
Re: Migros bank personal loan

Filled in the form, provided proof of income, got the money, spend the money, paid back the money. All very easy.

What more would there be to it?
Reply With Quote
The following 2 users would like to thank for this useful post:
  #3  
Old 18.02.2019, 14:25
aSwissInTheUS's Avatar
Forum Legend
 
Join Date: Nov 2007
Location: Zurich area
Posts: 12,050
Groaned at 90 Times in 81 Posts
Thanked 18,347 Times in 8,154 Posts
aSwissInTheUS has a reputation beyond reputeaSwissInTheUS has a reputation beyond reputeaSwissInTheUS has a reputation beyond reputeaSwissInTheUS has a reputation beyond reputeaSwissInTheUS has a reputation beyond reputeaSwissInTheUS has a reputation beyond repute
Re: Migros bank personal loan

And as with any Swiss personal loan according the KKG (https://www.admin.ch/opc/de/classifi...555/index.html) you can pay it back prematurely w/o any penalty and save interest.
Reply With Quote
The following 2 users would like to thank aSwissInTheUS for this useful post:
  #4  
Old 18.02.2019, 14:51
Guest
 
Posts: n/a
Re: Migros bank personal loan

The Migros banmk are good and usually one of the cheapest for loans however they do not loan to anybody and you need a solid track record.


Their loans are cheap and correspondingly they need to keep the defaults to a minimum to offer such loans.
Reply With Quote
The following 2 users would like to thank for this useful post:
  #5  
Old 18.02.2019, 17:16
Banned
 
Join Date: Jan 2019
Location: close to the frontier
Posts: 1,018
Groaned at 141 Times in 86 Posts
Thanked 597 Times in 379 Posts
Clocker has become a little unpopular
Re: Migros bank personal loan

I think the rate is also lower if you do it online rather than through a branch.
Reply With Quote
  #6  
Old 22.04.2019, 15:49
Troublawesome's Avatar
Forum Veteran
 
Join Date: Mar 2014
Location: Zug
Posts: 1,101
Groaned at 239 Times in 140 Posts
Thanked 1,175 Times in 520 Posts
Troublawesome is considered knowledgeableTroublawesome is considered knowledgeableTroublawesome is considered knowledgeable
Re: Migros bank personal loan

Anyone who got a loan with them, how much was the interest rate approximately? I heard it's between 4.7% to 5.9%
Reply With Quote
  #7  
Old 22.04.2019, 15:54
Guest
 
Posts: n/a
Re: Migros bank personal loan

Quote:
View Post
Anyone who got a loan with them, how much was the interest rate approximately? I heard it's between 4.7% to 5.9%
4.7% to 5.9% online, 5.9% branch, which is pretty o.k. for personal loans.
Reply With Quote
This user would like to thank for this useful post:
  #8  
Old 22.04.2019, 16:33
eyebeebe's Avatar
Forum Veteran
 
Join Date: May 2009
Location: Pfäffikon SZ
Posts: 1,768
Groaned at 17 Times in 16 Posts
Thanked 2,015 Times in 923 Posts
eyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond repute
Re: Migros bank personal loan

Quote:
4.7% to 5.9% online, 5.9% branch, which is pretty o.k. for personal loans.
Good for Switzerland, but a 5.4% spread to the base rate is large vis-à-vis the creditworthiness of the people they lend to. Consumer finance in Switzerland is expensive for those with a good credit profile and due to legal caps cheap for those with an average one (and not obtainable for those with bad credit I assume).
Reply With Quote
  #9  
Old 03.10.2020, 00:23
Newbie 1st class
 
Join Date: Jan 2019
Location: ZH
Posts: 28
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
Sunspace has no particular reputation at present
Re: Migros bank personal loan

Hi everyone,

Does someone have experience with Migrosbank personal loan?. How is my chance to get a loan (20K) from them? I live in Switzerland for 1.5 years with B permit. I’m from non- eu and work in a Swiss company with a decent salary.

Thanks for your feedbacks.
Reply With Quote
  #10  
Old 03.10.2020, 01:59
Newbie 1st class
 
Join Date: Jul 2017
Location: Wallisellen
Posts: 23
Groaned at 1 Time in 1 Post
Thanked 16 Times in 11 Posts
bishopx has earned some respectbishopx has earned some respect
Re: Migros bank personal loan

Quote:
View Post
Hi everyone,

Does someone have experience with Migrosbank personal loan?. How is my chance to get a loan (20K) from them? I live in Switzerland for 1.5 years with B permit. I’m from non- eu and work in a Swiss company with a decent salary.

Thanks for your feedbacks.
You can try, it costs nothing. Do it online you should get 4.7% interest. Only requirement for foreign nationals is to work here for the last 12 months. I assume you fulfill this requirement.
Reply With Quote
  #11  
Old 04.10.2020, 22:32
Junior Member
 
Join Date: Nov 2011
Location: aarau
Posts: 71
Groaned at 2 Times in 2 Posts
Thanked 8 Times in 7 Posts
mkparasar has become a little unpopularmkparasar has become a little unpopular
Re: Migros bank personal loan

Go for it if you know all your records are clean. You will get it without any problem and as mentioned online is cheaper.
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Regarding personal loan Azizo Business & entrepreneur 17 22.11.2018 17:28
Personal loan - in which bank? Dworza Finance/banking/taxation 25 06.09.2017 20:58
Require Business/Personal Loan, Which bank? bravoawan Finance/banking/taxation 6 18.11.2015 11:38
MigrosBank personal loan pam863 Finance/banking/taxation 3 27.02.2015 10:25


All times are GMT +2. The time now is 16:40.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0