Applying for a private loan is a journey that many people take, often encountering unforeseen difficulties. In Switzerland, the granting of a loan is governed by specific strict regulations. They aim to protect consumers while ensuring the stability of the financial system. However, these rules also make the process of applying for private credit more complex for many applicants.
In fact, before granting private credit, financial institutions must carry out a detailed analysis of the company's financial situation. solvency of the applicant. This includes an assessment of income and expenses, as well as credit history. The purpose of this thorough evaluation is to ensure that the applicant is able to repay the loan without jeopardizing its financial situation.
In this new article, we'll explain in detail all the pitfalls to avoid. That way, you'll be able to navigate the private credit application process more efficiently!
4 mistakes to avoid when applying for a private credit!
When applying for a private loan, there are a number of common mistakes that you must absolutely avoid. For example, you maximize your chances to get your loan approved! Here are 5 mistakes to avoid when applying for financing:
- apply for several private loans at the same time;
- giving the wrong information about your personal situation;
- transmit poor-quality supporting documents;
- and finally, choosing the right private credit broker.
Avoiding these common mistakes will considerably increase your chances of obtaining private credit. What's more, you're not alone! That's right, Lica is recognized in the field of private credit in Switzerland and will guide you every step of the way. your loan application. We are committed to providing you with clear and accurate information to help you avoid common mistakes.
1. Never apply for more than one private loan at the same time.
When it comes to applying for private credit, a common mistake can be the temptation to make several requests simultaneously with different financial institutions. This may seem an effective strategy for increasing your chances of success. obtain a loan. However, this is a counter-productive approach that can seriously compromise your ability to obtain the credit you need.
No faster treatment!
The first reason is that several simultaneous requests do not guarantee faster processing of your request. credit file. Credit organizations consult a database of customers, the ZEKbefore processing an application. If you have several private credit applications in progress, you will have several ZEK registrations. This can make you appear "unstable" to lenders, and make it more difficult to obtain credit. What's more, it could also result in a credit offer that isn't on the best terms.
Uncontrolled accumulation of refusals
Secondly, in the event of refusal of your request by one lender, acceptance of your application by the next lender becomes even more difficult. With several simultaneous applications, rejections can pile up, making obtaining credit even more complex.
Lower your credit score
Finally, applying for several loans at the same time can have a negative impact on your business. your credit score. Each credit refusal is registered with the ZEK, and the more refusals you receive, the lower your credit score. As a result, it will be more difficult to obtain private credit in the future.
The best way to avoid these problems is to apply for just one loan at a time, choosing your loan carefully. private credit broker. With over 10 years' experience, Lica offers the best conditions on the market. What's more, you'll benefit from a rapid response to your request and a personalized approach. Lica can help you obtain the credit that best suits your needs.
2. Communicating the wrong information about your personal situation
When applying for private credit, the integrity and accuracy of the information you provide is paramount. It may be tempting to modify or omit certain details concerning your financial situation in order to increase your chances of obtaining a loan. Be careful, it can have serious consequences!
In Switzerland, as in many other countries, providing false or inaccurate information when applying for credit is considered fraud. In addition, it can seriously affect your credibility and credit rating. As a result, it will be impossible to obtain private credit in the future.
Although the legal consequences are severe, the real danger lies in the long-term financial consequences. A loan granted on the basis of false information can lead to a debt you won't be able to repay. This can lead to excessive indebtedness, payment defaults and a deterioration in your credit score.
Lica optimizes the presentation of your file with correct information
To avoid these problems, it's crucial to provide accurate and complete information when applying for credit. This is where Lica can help you. As an expert in private credit in Switzerland, Lica guides you through the loan application process. We ensure that all information provided is accurate and complete. In addition, Lica offers a personalized approach to help you obtain the credit that best suits your needsWe are committed to the principles of integrity and transparency. With Lica, you can avoid costly mistakes and obtain private credit ethically and responsibly.
3. Make sure you send good-quality supporting documents
The quality of the supporting documents submitted when applying for a private credit can have a significant impact on the approval process. Illegible or poor-quality documents can lead to delays in processing your application, and even to refusal.
When submitting supporting documents, make sure that all information is clearly visible and legible. Scans or photocopies should be sharp, with no blurred or shaded areas that could make the information difficult to read. Documents Poorly scanned or illegible documents can give the impression that you are careless or unprofessional. This can be detrimental to your credit application.
4. Choosing the right private credit broker?
When applying for a private loan, choose carefully his broker in private credit can make all the difference. A quality broker, like Lica, can help you identify the best credit options for your needs. Here are some criteria to consider when choosing a broker:
Save time and effort:
A good broker in private credit will save you time and effort by carrying out all the necessary steps for you to obtain a loan. It takes into account your profile and your financial situation to offer you the credit that best suits your needs.
Savings :
An experienced broker is able to negotiate better credit terms. You'll be able to achieve substantial savings.
Best loan rate :
The broker also has access to a wide range of credit options, enabling him to find the best conditions of the market for you.
Personalized care :
A good broker offers personalized care and accompanies you through the entire financing application process. He takes your specific needs into account and guides you through the various stages of the application.
When you choose Lica as your private credit broker, you benefit from unrivalled experience and know-how. Lica is dedicated to satisfying your needs and realizing your dreams with advantageous credit. With a pre-analysis of your request, Lica is with you every step of the way. We are committed to obtaining the private credit that best suits your financial situation.
Our conclusion on mistakes to avoid when obtaining private credit
When applying for a private loan in Switzerland, it's essential to understand the challenges and errors to avoid to increase your chances of success. Eligibility criteria and regulatory requirements can make obtaining a loan difficult. So it's crucial to be well informed and prepared.
Finally, choosing a good broker, like Lica, can make a big difference to the success of your credit application. An experienced broker can help you find the best credit terms. You'll save time and effort, and benefit from personalized support.