Advance

The verb advance describes the act of lending money on the condition that it will be repaid at a later date. When used as a noun, the term advance describes the borrowed money.

In many cases, the borrower is required to pay the lender interest for the advance. However, advances can also be interest-free, as per the loan agreement.

The terms loan and advance are used almost synonymously. The term advance is most often used to describe money which is made available to a borrower on a short-term basis, with the expectation that the borrower has the money to settle the debt, or will have it shortly.

Examples of advances include credit card cash advances, emergency cash advances from travel insurance companies, and money fronted by friends or acquaintances (to cover an unexpected bill, for example).

In Switzerland, the term personal loan is used to describe loans to private individuals by banks and other lending companies.

More on this topic:
Compare Swiss personal loans now

Expert Benjamin Manz
Benjamin Manz was an expert on banking and financial topics at moneyland.ch.
Apply now

Leading Credit Cards

Free credit card

Migros Cumulus Visa

  • No annual fees

  • With Cumulus points

  • Without foreign currency fees

Learn more now
Free credit card

PKZ Insider Card Visa

  • Welcome Bonus of CHF 100

  • No annual fees forever

  • Double bonus with PKZ and up to 1% worldwide

Learn more now
For more comfort in everyday life and exclusive travel benefits

UBS Gold Credit Card

  • High card limit for more flexibility

  • Premium travel insurance included

  • Earn valuable KeyClub points with every payment

Learn more now
Free credit card

Swisscard Cashback Cards Amex

  • No annual fees

  • Two cards Amex & Visa/Mastercard

  • With cash back

Learn more now
Apply now

Leading Credit Cards

Free credit card

Migros Cumulus Visa

  • No annual fees

  • With Cumulus points

  • Without foreign currency fees

Learn more now
Free credit card

PKZ Insider Card Visa

  • Welcome Bonus of CHF 100

  • No annual fees forever

  • Double bonus with PKZ and up to 1% worldwide

Learn more now
For more comfort in everyday life and exclusive travel benefits

UBS Gold Credit Card

  • High card limit for more flexibility

  • Premium travel insurance included

  • Earn valuable KeyClub points with every payment

Learn more now
Free credit card

Swisscard Cashback Cards Amex

  • No annual fees

  • Two cards Amex & Visa/Mastercard

  • With cash back

Learn more now
Deal of the Day
×
Free credit card

Migros Cumulus Visa

No annual fees

Learn more See all deals
Find out more

Current Offers

Managed Premium

Discretionary Mandate

  • Up to CHF 100 welcome bonus

  • Customized portfolios & unlimited access to wealth advisor

  • Daily rebalancing

Learn more for free
Free credit card

Swisscard Cashback Cards Amex

  • No annual fees

  • Two cards Amex & Visa/Mastercard

  • With cash back

Learn more now
Swiss Trading Platform

Swissquote

  • Leading Swiss online bank with FINMA license

  • Free multicurrency account & low commissions

  • Access to more than 3 million products (shares, ETFs, crypto and more)

Benefit now
Free Immediate Assistance in the Event of Death

Pax Care

  • CHF 2,000 in emergency assistance in the event of death

  • Personal support from professionals

  • 100% free of charge

Learn more now
Free credit card

PKZ Insider Card Visa

  • Welcome Bonus of CHF 100

  • No annual fees forever

  • Double bonus with PKZ and up to 1% worldwide

Learn more now
Online private account

UBS Banking for adults

  • Open and manage your account, savings account, and cards easily in the UBS Mobile Banking App

  • Plus KeyClub rewards program

  • 50 CHF welcome gift

Learn more
Find out more

Current Offers

Managed Premium

Discretionary Mandate

  • Up to CHF 100 welcome bonus

  • Customized portfolios & unlimited access to wealth advisor

  • Daily rebalancing

Learn more for free
Free credit card

Swisscard Cashback Cards Amex

  • No annual fees

  • Two cards Amex & Visa/Mastercard

  • With cash back

Learn more now
Swiss Trading Platform

Swissquote

  • Leading Swiss online bank with FINMA license

  • Free multicurrency account & low commissions

  • Access to more than 3 million products (shares, ETFs, crypto and more)

Benefit now
Free Immediate Assistance in the Event of Death

Pax Care

  • CHF 2,000 in emergency assistance in the event of death

  • Personal support from professionals

  • 100% free of charge

Learn more now
Free credit card

PKZ Insider Card Visa

  • Welcome Bonus of CHF 100

  • No annual fees forever

  • Double bonus with PKZ and up to 1% worldwide

Learn more now
Online private account

UBS Banking for adults

  • Open and manage your account, savings account, and cards easily in the UBS Mobile Banking App

  • Plus KeyClub rewards program

  • 50 CHF welcome gift

Learn more
Swiss personal loan comparison

Find the right loan now

Compare now

Information

About moneyland.ch

 

moneyland.ch is Switzerland’s independent online comparison service covering banking, insurance and telecom. More than 100 unbiased comparison tools and calculators are available on moneyland.ch, along with useful financial guides and timely news. The comprehensive comparison tools help you to find the right insurance policies, bank accounts, credit and prepaid cards, loans, mortgages, trading accounts and telecom products for your needs. The guarantee of independence applies.

Compare Personal Loans

Company
Users
Banks & Telecom
Insurance & Pensions
SSL
Swiss Made Logo
reCAPTCHA protected by
reCAPTCHA

moneyland.ch is Switzerland’s independent online comparison service covering banking, insurance and telecom. Contact us