Taking out a private loan can be a great way to get the funds you need for your projects fast! In this article, we'll discuss the benefits of taking out a private loan with Lica and the types of private loans we offer. We'll also discuss interest rates and repayment terms for private credit in Switzerland. Enjoy your reading!
The advantages of a private loan
A private loan in Switzerland can offer a number of advantages, including:
- Attractive interest rates: Interest rates on private loans in Switzerland can be very attractive. They are regulated by the Consumer Credit Act, which limits interest rates and charges.
- Flexible repayment terms: Lending institutions in Switzerland can offer flexible repayment terms. In the event of unforeseen financial circumstances, for example, it is possible to defer monthly payments.
- A fast approval process: Lending institutions in Switzerland can usually approve a private loan application in less than 24 hours. In fact, underwriting processes are simplified and allow for a rapid decision.
- Access to large sums of money: Private loans in Switzerland can vary from CHF 3’000.- to CHF 400’000.- and does not require the borrower to provide personal guarantees. Once the private loan has been obtained, you are free to dispose of the funds as you see fit.
- A high level of confidentiality: Private lenders in Switzerland are subject to strict data protection rules (LPD). This guarantees confidentiality in your financial affairs.
However, it is important to note that private credit in Switzerland can also be a source of risk. risk of overindebtedness. In fact, since underwriting is so easy, the risk of defaulting on a private loan is very real. Before making a decision, it's important to be well advised by a specialist in private credit.
Good reasons to choose Lica for your private loan
Lica is a private credit intermediation company based in Switzerland. We therefore offer personal financing solutions with competitive interest rates. Repayment terms are also flexible. With a personalized approach to each loan request, we find it easier to get you the funds you need. These are the main advantages of using the services of Lica:
A personalized approach
At Lica, every situation is unique, and we take the time to get to know your objective. In other words, you're not just another file number! Unlike larger structures, we believe that a private loan is a long-term solution that requires regular monitoring. In fact, guaranteeing a reasonable and objective debt situation requires professional support.
A preliminary study of the file
The preliminary study of a private loan gives you better visibility on your borrowing capacity and negotiate the best possible terms for your private credit. So you can reduce your borrowing risk and optimize your financial management.
But that's not all! In Switzerland, when a credit application is submitted to a lender, the latter is obliged to make an announcement to the central credit information office (ZEK). If your application is approved, the lender will inform the ZEK that your application has been accepted. On the other hand, if your application for a private loan is rejected, the lender must also inform the ZEK of the rejection and the reason for it. If a borrower accumulates two or three consecutive refusals, his or her financial project could well fall through. This is mainly due to the traceability of the refusals by future lending institutions. Too many rejections in a row = no chance of obtaining your private loan! With Lica and its preliminary analysis of your private loan application, you can avoid unnecessary applications to Central credit information office (ZEK).
Attractive terms and conditions
Lica is not a lending institution but a neutral, independent intermediary ! In other words, we work on behalf of our customers to find them the best possible solutions. After preparing and studying your file, we negotiate with the institutions to ensure you obtain excellent conditions for your private loan.
In our day-to-day business, we have to find the right balance for each applicant between their borrowing capacity, their project and the offers we receive. The greater the risk taken by a lender, the higher the interest rate. Our private credit experts prepare each application with meticulous care to obtain the best possible score.
A cashback under certain conditions
What is cashback? The cashback commission is a system whereby part of the broker's commission is passed on to customers. As a result, borrowers benefit from better terms!
To qualify for cashback at Lica, you must meet the following three conditions:
- Apply for credit on your own by choosing the « With cashback"
- Submit all documents and supporting evidence requested on the platform
- Do not use the services of our negotiators
Lica is adopting this financial strategy because digitalization will enable us to reduce our costs considerably by 2023. It therefore seems natural to us to pass on the benefits to our customers !
Types of private loans offered by Lica
Lica offers two types of private loans to meet your needs:
Traditional private borrowing :
We offer you private credit in Switzerland to help you realize your personal projects. How it works is simple: you can borrow sums ranging from CHF 3’000 to CHF 400’000, with repayment terms from 6 to 120 months. Interest rates are fixed for the entire term.
To obtain a private loan, all you need to do is complete your online application and provide a few supporting documents. We will then review your application and make a personalized proposal. This is based on your situation and your objectives. If you accept the proposal, we will quickly release the funds to your bank account.
Repayment is by fixed monthly instalments, with the option of early repayment at no extra cost. We also offer you optional insurance to protect you in the event of death, illness or accident.
In short, our private credit service in Switzerland is a flexible and personalized solution for financing your personal projects. Our interest rates are highly competitive, and our application process is quick and easy!
Crowdlending:
Our company also offers a private crowdlending solution. This enables individual investors to finance projects undertaken by companies or individuals. The principle of crowdlending is based on pooling the funds invested, thus spreading the risk among several lenders. The investors lend money at an interest rate fixed in advance, and recover their investment with interest at maturity. Project developers, Our customers benefit from fast, flexible financing, without having to go through traditional bank credit channels.
Private crowdfunding offers a number of advantages over traditional financing methods conventional financing methods. For investors, it offers the possibility of diversifying their investment portfolio, by investing in a variety of projects at attractive interest rates. For project owners, it enables them to obtain financing on more flexible terms than those offered by banks.
By choosing our private crowdlending service, investors can invest in meaningful projects and contribute to financing the real economy. For their part, project owners can obtain rapid financing and efficient, without the constraints of traditional credit channels.
Conditions for obtaining a private loan from Lica
When you're looking for a private loan, it's important to understand the conditions required to obtain one. In general, lending institutions require you to have a stable source of income, a good credit score and a solid credit history. It's also important to know that interest rates for private loans can vary according to your situation and your financial situation. the way your file will be presented.
Generally speaking, the following conditions are required to apply for a private loan:
- Have a stable and regular source of income
- Have a positive credit score or a solid credit history
- Be of legal age and reside in Switzerland
- Often, no lawsuits or overdue debts
It's important to note that these conditions may vary depending on the lender and your individual situation. It is therefore advisable to check the specific conditions in requesting the services of Lica. Our private credit advisors will answer you free of charge.
Application procedure for a private loan from Lica
Applying for private credit to Lica is simple and straightforward. Here are the steps to follow:
- Visit the following credit application page:
- Fill in the online application form. You'll need to provide a few details about yourself, such as your name, address, telephone number and income.
- Submit the request.
- Lica will then review your request and contact you if further information is required.
- Once your application has been approved, the funds will be deposited into your bank account!
At Lica we are committed to processing all the requests we receive within 24 hours. This is provided that your application is complete 😉.
Repayment terms for Lica private loans
Lica offers you flexible repayment terms for your private loans. You are free to choose the repayment term that suits you best. Here are the repayment terms we offer:
- Repayment terms 6 to 120 months
- Additional amortization possible at any time, free of charge
- Early repayment of your entire private loan free of charge
- Depending on your partner, you may even be able to temporarily suspend your monthly payments.
In all cases, it's important to consider the repayment period in relation to your monthly budget. Under no circumstances should taking out a private loan cause you to overextend yourself. over-indebtedness.
Our conclusion on your private loan with Lica!
Lica is a private credit intermediation company in Switzerland offering personal financing solutions with competitive interest rates and flexible repayment terms.
We offer two types of private loan to suit your needs: traditional private loans and participative credit. To request a private loan from Lica, simply fill in the form below. online application form, which will be examined in less than 24 hours.
Repayment terms for private loans at Lica are flexible, with repayment terms ranging from 6 to 120 months, additional amortization possible at any time without charge, and the possibility of temporarily suspending your monthly payments depending on our partners.