Conditions

creditland.ch focuses on complete transparency towards its consumers: in the following, you will find all important information and conditions for obtaining a credit.

Calculation example: loan of CHF 5’000.- . An annual percentage rate of 7.9 % resulting in a term of 24 months Total interest costs between CHF 386.80 . The monthly credit rates are between at CHF 224.45 . Credit approval is prohibited if it leads to overindebtedness (Art . 3 UWG ) .

Legal requirements for granting private loans

Minimum years of age	18 years
Maximum years of age	69 (the loan must be completed repaid by the age of 70)
Minimum income	CHF 2,700.00 net
Identity card	Swiss passport or ID Foreign identity document B/C/L Cross-border commuter identity document G
Employment relationships/Earnings	Permanently employed Temporary employment Self-employed Retired, based on old age and survivors insurance/invalidity insurance (without supplementary benefits)
Compulsory execution / seizure / certificate of loss	No open compulsory execution, garnishments, certificates of loss may be registered.

Loan-related information

Loan amounts	CHF 3’000-250’000
Loan life	6-84 months
Effective annual interests	Depending on the individual offer of the loan bank, it varies between 4,9%-9,9%
Commission	None.
Administrative fee	None.
Necessary documents to apply for a private loan	Copy of a valid identity card (Swiss passport, ID or foreign identity document) Copy of the current payroll accounting slip (in case of hourly wages copies of the last three payroll accounting slips)
Waiting period until the loan decision	30 minutes
Waiting period until the loan disbursement	7 days (waiting period as required by law – loans starting from 80,000 CHF are paid out directly, as the legal waiting period does not apply in this case)
Type of disbursement	Cash disbursement on the bank counter Transfer to the post or bank account