The most favourable car loan in Switzerland

What is a car loan?

A car loan is a type of credit to finance a vehicle. In contrast to leasing, with a car loan you are the owner of the vehicle. You receive a certain amount of money for your vehicle from a lender, which you then repay in monthly instalments. With a car loan, you can often determine the amount of the instalments and the term of the loan individually. A major advantage of a car loan is that you can dispose of your vehicle freely, without any restrictions regarding use or insurance, as is often the case with leasing contracts.

How do I find a favourable car loan in Switzerland?

Use the car loan comparison to find a favourable car loan in Switzerland. You can use the car loan comparison to calculate and compare various offers. When making the comparison, you should pay attention to the effective annual interest rate, the monthly instalments and the total costs of the car loan.

Advantages of the car loan

The advantages of the car loan are listed below:

• With a car loan, you are the owner of the vehicle.
• No fully comprehensive insurance is required for a car loan.
• You benefit from an advantageous interest rate and fixed monthly instalments on a car loan.
• You can finance new and used cars with a car loan.
• The car loan can also be used to pay for repairs and car accessories.
• The car loan can be repaid at any time.
• The interest on the car loan is tax-deductible in Switzerland.
• In the event of financial bottlenecks, the vehicle can be sold and the existing car loan repaid.

What documents do I need to apply for a car loan?

You will need the following documents to apply for a car loan:

• Copy of the identity card
• The last three payslips
• Health insurance policy (optional)
• Rental agreement (optional)

Requirements for the car loan

The requirements for the car loan are listed below:

• You must be at least 20 years old.
• You must be resident in Switzerland.
• You need Swiss citizenship or a residence permit (B/C permit).
• You must have a regular income from a permanent employment relationship that has not been terminated.
• You must have a sufficient credit rating.

Is a car loan without a credit check possible in Switzerland?

No, in Switzerland a car loan without a credit check is generally not possible. You should therefore be prepared to disclose your financial situation and undergo a credit check if you want to apply for a car loan in Switzerland. Car lenders check creditworthiness and existing debt collection to minimise the risk of non-payment. You will not get a car loan in Switzerland despite debt collection. You must pay existing debt enforcement proceedings and improve your credit rating before applying for a car loan.