Financing up to 100%
With Crédits Conseils, you can get a loan of CHF 5'000.- to CHF 250'000.- to finance your project.
Flexible maturity adapted to your project/budget
Credits Conseils offers an adapted loan maturity with up to 60 monthly installments.
Best interest rates on the market
Crédits Conseils offers the best interest rates on the market adapted to your situation.
Fixed rates throughout the duration of your credit.
Fast reply
Crédits Conseils strives to provide you a fast reply upon receiving all your documents.
Security throughout the repayment
With Crédits Conseils, benefit from an insurance plan that covers job loss and death as part of each monthly installment.
Pay less in taxes
Enjoy fiscal advantages by deducting the interest on your loan from your taxable income.
Client-friendly approach
With Crédits Conseils you can pay back the totality of your loan at any moment and all non-incurred interest will be refunded.
Direct credit
Your loan is paid directly into your bank account.
No administrative fees
At Crédits Conseils, we don't charge any administration fees up until the signing of your contract. Your monthly installments are clear and include everything.
No title retention clause
With Crédits Conseils, there is no title retention clause. Your monthly installments are clear and include everything. The financed object belongs to you in its entirety.
Mortgage Loan in Switzerland:
1. What are the steps to acquire real estate in Switzerland?
2. Who is eligible for a mortgage loan?
3. What documents are needed to avail a loan?
4. How is a mortgage loan structured?
4. How is a mortgage loan structured?
Price of the property:
The sum as agreed between yourself and the seller.
Capital sum:
Your personal capital as a down payment of minimum 25% of the price of the property. This amount can come out of your personal savings, withdrawn from your pension fund LPP, and your 3rd pillar given as a collateral. These three options are complementary.
The 25% down payment represent a 20% of your own capital and 5% to cover notary fees.
1st & 2nd parts of mortgage loans
The maximum loan will cover 80% of the total cost of the property. This amount can be divided into 2 parts, collaterals for the bank.
The first part amounts to maximum 65% of the loan. You can lock in a fixed interest rate from 6 months to 15 years or chose a variable rate loan that changes every day.
The second part can amount to 15% of the loan and it has to be amortized in its entirety over the period of time until the owner's retirement. Generally the 2nd part of the loan bears a variable interest rate which cannot be fixed.
Collateral agreement
When the buyer of a property obtains a mortgage loan with a bank, the notary has to issue a debt certificate or a guarantee and collateral agreement. This means that to guarantee the loan, the property is given as a collateral.
Explanatory table in CHF :
| Property price: | 1'000'000.- |
| Capital sum 20% : | 200'000.- |
| 1st part 65% : | 650'000.- |
| 2nd part 15% : | 150'000.- |
| Notary fee 5% : | 50'000.- |
| TOTAL | 1'050'000.- |
Amortization
The banking establishments require amortizing the loan from 0,5% to 1% per year. This can be done in two different ways:
Direct amortization
When amortizing directly, you repay the loaned funds directly to the bank. This means as your debt gets smaller every year, the interest you pay diminishes proportionally to the remaining debt. This method however has some disadvantages. Indeed, the gradual reduction of your debt generates a reduction in your tax deductions and an increase in the total tax you pay.
Generally we do not recommend this type of amortization.
Indirect amortization
With this type of amortization, instead of paying your loan directly to the bank, you pay to your linked insurance otherwise known 3rd pillar 3a. The total annual contribution is tax deductible.
This insurance will be taken by the bank as a collateral over the period until the retirement. At the maturity, the total amount paid will be used to partially pay off the mortgage loan.
With this type of amortizing, you not only benefit from a tax reduction (Bank interest paid + Insurance premiums) but also from an insurance in the event of death.
It is generally recommended to opt for this type of amortizing.