- BenutzernameMoneyland User Questions
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February 16, 2017, 2:36:30 PM
Dear forum,
What is the best available current account loan? How can a company get such a loan?
Any input welcome
Best current account loans
Here you will find the right answers
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- BenutzernameMoneyguru von moneyland.ch
- OrtSchweiz
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- Registriert seit8/4/15
- Beiträge4002
February 20, 2017, 3:19:17 PM
Greetings.
Here are a few examples of current accounts at major Swiss banks:
UBS: Commission on overdrafts: 0.25% (minimum 5 francs) per quarter in addition to interest charge.
Migros Bank: Minimum loan: 25,000 Swiss francs. Maximum loan: Loans cannot exceed the value of your collateral or your credit limit. Commission: 0.25% or 250-franc annual flat fee for small businesses.
Postfinance: Lines of credit start at 20,000 francs. Commission: 0.25% per quarter (from 100,000 francs).
Bank Coop: Commission of 0.25% per quarter.
Appenzeller Kantonalbank: Commission of 0.25% per quarter. Interest rates between 4-5% without collateral, 3-4% with collateral.
WIR Bank: Commission of 0.125% per quarter. Interest rate of 0.5% to 2.5%. The highest rate applies when no collateral is provided.
Verdict: Commissions for current account loans are similar across most Swiss banks (typically 0.25% per quarter). The effective interest rates vary and are not usually shown online, making it difficult to compare them without visiting a bank or getting a quote. Interest rates vary between banks, so you should compare these before settling on an account.
Best regards from Moneyguru
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