Your financial needs, whether you're employed or self-employed, can arise without warning. You may have sufficient funds saved up, but there are situations where you need additional funds. In such a scenario, taking out a personal loan can be a very good choice. There are advantages to taking out a loan with Lica. Especially if you have a good credit rating.
Lica makes it quick, easy and cost-effective to make your request.
What is personal financing?
This is an unsecured loan, which means you don't need to provide collateral to borrow. Financial institutions may offer this loan at a lower interest rate if you have a good credit rating.
Some advantages of taking out a loan with Lica
Low interest rates
Interest rates are lower than for credit cards. This is especially true for larger amounts!
Variety of uses
The funds you receive via this loan can be used for a variety of purposes. Whether it's to finance an international trip, buy a gadget or pay back your friend, you can opt for a personal loan to meet any of these needs.
Consolidated debt
One of the best ways to use a personal loan is to consolidate all existing debts. It's wiser to pay off small, high-interest debts. Such as student loans or credit cards, by opting for a loan with a lower interest rate.
Improve your credit rating
This is especially true if you have similar types of existing credit. A personal loan can be a useful way of improving your score. This adds variety to the types of accounts you hold.
Create an emergency fund
You could find yourself living paycheck to paycheck, with no money to save. In such a scenario, rather than waiting for an emergency to happen, it's wiser to get a loan to create an emergency fund. Whether it's medical expenses or a sudden trip you need to take, having a rainy-day fund is always a good idea.
Your credit with Lica in a nutshell...
Imagine you're suddenly hit with a big bill. Perhaps a family member has just been rushed to hospital, or you've had to make emergency repairs to your home. A personal loan can be a convenient way to get a large sum of money in a short space of time.
Some people may find that this is the only place to turn if they don't have enough available capacity on their credit card or mortgage clearing account. Another advantage of personal loans is that the average interest rate is often around five percentage points lower than the average interest rate on credit cards.
Good reasons to take advantage of credit with Lica
That's why some people use personal loans to escape the credit card debt trap. The idea is that you take out a lower-rate personal loan to immediately pay off all your higher-rate credit card debt.
With a Lica credit, you benefit from a no-obligation offer at very attractive terms, plus a cashback of up to CHF 5,000. Apply discreetly for new financing or to buy existing financing. You'll save money and benefit from great terms!