The Swiss Good Credit loan is colloquially a designation for special loans, which are also assigned, if the applicant has a negative entry in the Schufa or does not want a Schufa information to be obtained.
The reason why such loans without Schufa are called Swiss Good Credit loans and not for example German loans or French loans, is mainly due to the fact that many lenders of these loans are based in Switzerland. This applies not only to the lending banks, but above all to the credit intermediaries who are often involved in a Swiss Good Credit loan.
What special features do Swiss Good Credit loans have?
In many ways, Swiss Good Credit loans are no different from ordinary installment loans, which are also granted by German banks. However, one important difference is that Swiss Good Credit loans are aimed specifically at customers who have a negative entry in the Schufa.
While the normal bank in Germany with the installment loan and also with every other loan first a Schufa information caught up and the loan only then forgives, if the Schufa exhibits no negative entries, this is different with the Swiss Good Credit credit.
In the case of a loan without Schufa,
A Schufa request is waived and therefore it is irrelevant whether the customer has a negative entry or not, since Schufa does not serve as a proof of credit.
Otherwise, the Swiss Good Credit loan is not different from ordinary installment loans, as it is also given a certain loan amount, which the borrower then has to pay back in monthly installments.
Dubious offers with Swiss Good Credit loans not infrequently
Unfortunately, one sad aspect of a Swiss Good Credit loan is that there are not many dubious offers in this credit segment. To recognize such dubious offers above all in the fact that a particularly high and clearly above average interest rate is to be paid or the customer who wants to receive the Swiss Good Credit loan via the credit intermediary, pay before the payment of the loan amount or conclusion of the loan agreement, an agency fee should. On the other hand, there are of course many reputable offers in the area of Swiss Good Credit lending on the market, so that a comparison is highly recommended.